TEX Options History — September 2024

In September 2024, TEX traded between $49.97 and $56.33. ATM implied volatility averaged 39.3%, placing in the 31.6% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded above realized volatility by 2.1% (HV 20d: 37.2%). Max pain ranged from $55.00 to $60.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 3.29.

Notable Days

  • 2024-09-18: Highest Volume — 974 contracts
  • 2024-09-04: Largest IV spike — 10.9% change
  • 2024-09-06: Highest IV Rank — 45.3%
  • 2024-09-04: Largest Expected Move — 12.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$52.19$49.97$56.33$53.21$52.78
Max Pain$58.25$55.00$60.00$55.00$55.00
ATM IV39.3%35.0%44.4%39.2%39.3%
Expected Move11.1%10.0%12.5%11.2%11.3%
HV 20d37.2%31.9%42.5%36.5%40.0%
HV 60d51.1%49.9%52.4%49.9%52.0%
IV Rank31.6%20.0%45.3%33.6%31.4%
IV Percentile68.9%43.7%88.1%72.6%71.0%
Term Structure4.0%-3.8%5.7%-2.9%4.1%
VWIV38.7%31.8%44.2%41.9%44.2%
Skew 25d3.3%1.6%4.4%2.9%2.3%
Skew 10d4.1%-16.3%8.4%7.7%4.4%
Call IV 25d37.3%34.5%41.5%39.6%40.0%
Put IV 25d40.6%37.3%45.6%42.5%42.3%
Bid-Ask Spread %55.9538.3474.7562.0462.29
Gamma HHI0.600.310.850.730.35
Net GEX-595.6K-1.2M-144.0K-695.2K-192.0K
Net DEX9.5M2.1M16.2M10.0M5.8M
Net VEX-45.3K-54.6K-37.8K-54.6K-39.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.290.1225.272.134.27
Total Volume221.754597416379
Total OI9,842.457,20011,67910,3007,623

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-09-03$53.21$55.0039.2%11.2%36.5%33.6%41.9%2.9%-2.9%-695.2K10.0M-54.6K2.1362.04N/AN/A521113,2187,082
2024-09-04$51.66$55.0043.5%12.5%36.3%44.7%42.2%4.0%-3.8%-833.5K13.0M-53.3K1.4357.63N/AN/A51733,2207,114
2024-09-05$50.53$60.0042.4%11.2%35.5%39.8%39.7%4.0%4.3%-918.1K15.0M-52.5K3.2162.46N/AN/A29933,2557,134
2024-09-06$49.97$60.0044.4%11.7%33.9%45.3%40.6%4.4%3.3%-910.1K15.9M-51.7K1.2559.23N/AN/A1311643,2797,114
2024-09-09$50.56$60.0043.8%11.6%33.9%43.5%38.8%3.4%3.7%-1.0M14.8M-50.5K0.1242.07N/AN/A116143,3217,214
2024-09-10$50.02$60.0043.0%11.1%33.9%41.6%39.1%4.4%4.7%-1.1M16.2M-48.2K1.7538.34N/AN/A791383,3547,222
2024-09-11$50.11$60.0038.6%11.1%33.9%29.5%38.3%3.9%4.9%-1.2M15.8M-48.9K1.1144.57N/AN/A82913,3917,317
2024-09-12$50.70$60.0039.1%11.2%34.2%30.9%40.2%4.3%4.7%-1.1M14.5M-48.8K25.2742.62N/AN/A112783,4397,377
2024-09-13$51.35$60.0038.0%10.9%31.9%27.9%31.8%3.8%5.1%-1.2M12.7M-49.2K2.4146.49N/AN/A22533,4417,616
2024-09-16$53.17$60.0036.7%10.5%34.6%24.4%39.1%3.4%5.2%-822.8K8.0M-46.1K4.7149.25N/AN/A452123,4527,640
2024-09-17$55.08$60.0037.2%10.7%36.9%25.8%39.4%3.7%5.1%-406.8K4.3M-43.3K1.3652.57N/AN/A1321803,4437,808
2024-09-18$56.33$60.0039.8%11.4%37.5%32.8%38.1%3.7%4.2%-173.3K2.1M-44.5K0.3768.33N/AN/A7102643,4947,913
2024-09-19$53.99$60.0036.7%10.5%40.7%24.3%39.8%3.4%4.9%-144.0K4.7M-41.3K3.1560.78N/AN/A471483,8967,687
2024-09-20$52.13$60.0037.9%10.9%42.5%27.7%37.3%3.0%5.2%-196.2K7.1M-38.9K1.8856.80N/AN/A1011903,9057,774
2024-09-23$52.38$60.0036.8%10.5%41.2%24.7%35.1%2.8%5.5%-224.2K6.4M-37.8K0.3849.53N/AN/A176673,0144,186
2024-09-24$53.14$55.0035.0%10.0%40.4%20.0%36.2%1.6%5.4%-161.7K5.0M-40.4K0.9255.28N/AN/A96883,1384,231
2024-09-25$51.92$55.0037.4%10.7%40.0%26.3%37.1%2.8%5.7%-219.2K6.7M-38.4K1.1466.76N/AN/A70803,1634,288
2024-09-26$51.89$55.0039.4%11.3%39.6%31.7%36.8%2.1%5.1%-214.5K6.7M-39.0K7.3667.25N/AN/A141033,1754,325
2024-09-27$52.79$55.0037.2%10.7%40.0%25.8%38.8%2.2%5.4%-195.7K5.9M-39.9K1.6574.75N/AN/A17283,1824,404
2024-09-30$52.78$55.0039.3%11.3%40.0%31.4%44.2%2.3%4.1%-192.0K5.8M-39.3K4.2762.29N/AN/A15643,1954,428