TEX Options History — July 2024

In July 2024, TEX traded between $51.79 and $67.01. ATM implied volatility averaged 40.1%, placing in the 55.8% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded below realized volatility by 2.1% (HV 20d: 42.2%). Max pain ranged from $50.00 to $60.00. Net GEX was positive for 4 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 2.79.

Notable Days

  • 2024-07-23: Highest Volume — 957 contracts
  • 2024-07-10: Largest IV spike — 23.0% change
  • 2024-07-30: Highest IV Rank — 90.0%
  • 2024-07-30: Largest Expected Move — 13.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$58.77$51.79$67.01$53.45$63.57
Max Pain$54.32$50.00$60.00$55.00$60.00
ATM IV40.1%29.8%48.5%30.9%38.1%
Expected Move11.7%8.5%13.9%8.9%10.9%
HV 20d42.2%22.6%64.7%27.2%64.7%
HV 60d35.2%27.6%44.8%27.9%44.4%
IV Rank55.8%13.9%90.0%18.4%47.7%
IV Percentile69.4%7.1%97.6%15.1%68.3%
Term Structure-4.1%-8.4%6.1%4.8%-2.6%
VWIV42.6%31.7%49.4%33.6%41.0%
Skew 25d2.6%0.0%3.9%1.9%0.0%
Skew 10d5.5%1.1%12.4%2.8%3.2%
Call IV 25d41.0%31.3%48.9%32.0%39.8%
Put IV 25d43.6%31.7%51.1%33.9%39.8%
Bid-Ask Spread %53.7532.1581.3467.3762.55
Gamma HHI0.410.170.650.340.17
Net GEX-236.9K-536.2K33.1K-226.8K15.7K
Net DEX2.1M-7.1M10.9M5.7M-3.2M
Net VEX-58.2K-64.5K-49.5K-49.5K-60.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.790.1610.904.073.20
Total Volume438.864108957817946
Total OI9,285.1826,40711,0286,40710,345

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-07-01$53.45$55.0030.9%8.9%27.2%18.4%33.6%1.9%4.8%-226.8K5.7M-49.5K4.0767.37N/AN/A1616562,4863,921
2024-07-02$53.44$55.0029.8%8.5%24.0%13.9%38.3%0.4%5.5%-292.4K6.5M-53.2K10.9057.07N/AN/A404362,6324,548
2024-07-03$54.09$55.0030.3%8.7%24.0%15.8%31.7%1.6%6.1%-309.2K6.1M-55.7K10.6081.34N/AN/A636682,6614,939
2024-07-05$53.16$50.0030.2%10.4%22.6%15.5%38.6%3.8%-2.4%-429.5K8.4M-58.1K1.8454.20N/AN/A38702,6855,595
2024-07-08$53.33$50.0032.1%10.9%22.7%23.5%40.2%3.2%-3.2%-439.9K8.2M-57.1K7.5358.57N/AN/A473542,6895,628
2024-07-09$51.79$50.0033.4%11.5%24.5%28.5%39.9%3.4%-4.4%-505.0K10.8M-57.4K0.6858.86N/AN/A3582442,7175,957
2024-07-10$51.89$50.0041.0%11.8%24.6%59.6%41.1%3.7%-4.7%-523.3K10.9M-58.8K2.5352.61N/AN/A1042633,0096,168
2024-07-11$54.55$50.0039.9%11.4%31.0%55.0%42.5%3.5%-4.5%-503.3K7.9M-61.8K10.5060.08N/AN/A303152,9806,529
2024-07-12$54.81$50.0039.9%11.4%30.8%54.9%43.5%3.9%-5.2%-536.2K7.8M-61.6K1.5558.23N/AN/A871352,9946,828
2024-07-15$56.03$50.0042.6%12.2%31.5%65.8%45.4%3.9%-6.4%-466.6K5.7M-60.8K2.9452.43N/AN/A1103232,9946,961
2024-07-16$60.84$50.0042.4%12.2%40.6%65.2%42.5%1.9%-7.3%-37.2K-1.4M-52.9K0.5350.72N/AN/A3421802,9997,206
2024-07-17$59.17$50.0041.7%12.0%42.3%62.2%43.1%3.2%-6.6%-127.0K823.3K-56.2K0.3748.95N/AN/A258953,6017,095
2024-07-18$58.13$55.0042.6%12.2%42.9%65.8%43.4%3.0%-6.3%-237.2K2.1M-60.0K0.4654.70N/AN/A92423,7957,188
2024-07-19$56.53$55.0044.6%12.8%44.3%74.1%44.6%3.3%-7.1%-386.9K3.9M-60.5K0.1647.78N/AN/A204323,8067,222
2024-07-22$62.63$55.0044.5%12.8%56.7%73.6%45.6%2.2%-6.3%-124.8K-1.7M-52.8K0.2144.93N/AN/A5101081,9636,256
2024-07-23$66.36$55.0044.8%12.8%59.4%74.9%45.9%1.1%-7.2%-273-5.7M-52.6K0.8451.24N/AN/A5214362,3146,329
2024-07-24$63.16$60.0044.5%12.8%62.7%73.8%45.5%2.0%-5.4%-96.4K-2.1M-64.2K0.5858.66N/AN/A2631522,6736,824
2024-07-25$66.13$60.0046.4%13.3%63.5%81.3%47.6%2.4%-5.9%-34.3K-5.4M-64.5K0.3338.77N/AN/A120392,8376,940
2024-07-26$67.00$60.0045.7%13.1%63.4%78.3%45.3%2.7%-5.5%33.1K-7.1M-59.5K0.4235.49N/AN/A159672,8956,967
2024-07-29$67.01$60.0048.3%13.9%63.1%89.1%49.2%3.0%-7.2%11.4K-6.7M-62.5K0.4332.15N/AN/A150642,9737,017
2024-07-30$65.78$60.0048.5%13.9%62.8%90.0%49.4%2.1%-8.4%4.6K-5.8M-61.4K0.7655.68N/AN/A2121613,0307,078
2024-07-31$63.57$60.0038.1%10.9%64.7%47.7%41.0%0.0%-2.6%15.7K-3.2M-60.1K3.2062.55N/AN/A2257213,1237,222