TEX Options History — December 2024

In December 2024, TEX traded between $45.05 and $55.55. ATM implied volatility averaged 34.9%, placing in the 19.5% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded below realized volatility by 1.1% (HV 20d: 36.0%). Max pain ranged from $47.00 to $55.00. Net GEX was positive for 4 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 2.74.

Notable Days

  • 2024-12-17: Highest Volume — 3,366 contracts
  • 2024-12-18: Largest IV spike — 21.3% change
  • 2024-12-18: Highest IV Rank — 42.6%
  • 2024-12-18: Largest Expected Move — 12.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.11$45.05$55.55$55.55$45.96
Max Pain$52.38$47.00$55.00$55.00$47.00
ATM IV34.9%30.8%43.5%34.2%34.9%
Expected Move9.9%8.8%12.5%9.8%10.0%
HV 20d36.0%26.9%52.6%52.6%27.6%
HV 60d40.6%39.8%41.5%40.8%40.4%
IV Rank19.5%8.6%42.6%17.6%19.6%
IV Percentile38.9%13.9%81.7%33.3%38.9%
Term Structure3.6%-0.7%12.4%0.4%3.8%
VWIV34.8%30.9%38.7%34.1%35.3%
Skew 25d0.5%-16.1%6.5%6.5%1.8%
Skew 10d2.3%-16.4%17.6%10.1%8.4%
Call IV 25d33.7%29.6%38.5%29.6%33.8%
Put IV 25d34.2%22.4%38.9%36.0%35.7%
Bid-Ask Spread %52.9029.0575.5166.5640.44
Gamma HHI0.320.160.540.250.47
Net GEX-327.4K-902.5K117.3K117.3K-570.3K
Net DEX3.0M-1.8M9.0M-1.8M3.2M
Net VEX-25.6K-44.3K-16.0K-19.4K-43.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.740.1432.003.640.53
Total Volume391.429503,366102225
Total OI6,164.1434,2279,4294,2279,429

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-12-02$55.55$55.0034.2%9.8%52.6%17.6%34.1%6.5%0.4%117.3K-1.8M-19.4K3.6466.56N/AN/A22802,0122,215
2024-12-03$55.40$55.0034.0%9.8%52.5%17.2%33.9%3.5%-0.4%95.3K-1.6M-20.5K1.0675.51N/AN/A33352,0262,263
2024-12-04$55.50$55.0033.8%9.7%52.3%16.6%33.5%-6.1%-0.7%101.0K-1.6M-20.3K2.6075.23N/AN/A30782,0322,289
2024-12-05$53.42$55.0034.9%9.7%36.2%19.7%35.6%2.3%2.6%9.7K-156.4K-18.9K1.4655.57N/AN/A46672,0452,304
2024-12-06$52.81$55.0033.3%9.5%34.7%15.3%34.2%1.9%3.4%-28.2K348.2K-19.1K2.0856.26N/AN/A26542,0582,335
2024-12-09$52.76$55.0037.0%9.7%34.7%25.4%35.4%1.1%3.3%-30.7K299.8K-18.5K1.1764.61N/AN/A23272,0682,378
2024-12-10$50.95$55.0038.1%10.1%36.5%28.2%35.4%1.5%2.3%-123.5K1.7M-17.5K0.9553.33N/AN/A75712,0702,400
2024-12-11$50.86$55.0034.6%9.9%34.1%18.9%34.4%1.4%3.0%-135.6K1.8M-16.8K2.3763.47N/AN/A27642,0812,422
2024-12-12$50.97$55.0035.1%10.1%32.5%20.3%35.2%2.0%3.0%-152.4K1.8M-17.3K0.4153.38N/AN/A85352,0802,451
2024-12-13$49.58$55.0031.5%9.0%33.6%10.5%35.0%-4.2%4.6%-198.8K2.5M-16.7K0.7874.14N/AN/A65512,1482,460
2024-12-16$48.00$55.0035.4%10.2%35.2%21.0%36.5%0.8%3.2%-211.7K3.6M-16.0K0.1444.98N/AN/A400562,1802,478
2024-12-17$47.20$55.0035.8%10.3%35.2%22.1%37.6%0.9%3.7%-191.8K3.7M-18.1K32.0049.50N/AN/A1023,2642,5292,500
2024-12-18$45.22$50.0043.5%12.5%37.6%42.6%38.7%-16.1%0.9%-611.7K9.0M-32.2K1.0658.65N/AN/A1471562,6975,683
2024-12-19$45.22$50.0037.5%10.7%37.4%26.5%37.1%2.5%12.4%-744.8K7.8M-32.6K0.2639.93N/AN/A370982,6815,508
2024-12-20$45.16$50.0034.7%9.9%36.1%19.0%34.4%2.8%4.5%-902.5K6.7M-33.1K0.4441.90N/AN/A181802,9455,442
2024-12-23$45.22$50.0034.2%9.8%35.4%17.8%34.3%2.0%4.4%-621.9K5.6M-31.8K0.4629.05N/AN/A111512,4405,199
2024-12-24$45.17$49.0030.8%8.8%28.1%8.6%30.9%1.2%4.7%-672.0K5.4M-30.3K1.1436.71N/AN/A43492,5135,226
2024-12-26$45.86$48.0031.0%8.9%28.1%9.1%31.1%2.1%6.5%-601.3K4.3M-29.3K1.2340.54N/AN/A5556812,5435,265
2024-12-27$45.05$48.0033.2%9.5%28.2%15.1%33.7%1.4%5.3%-709.1K5.4M-44.3K3.2143.10N/AN/A481543,0855,909
2024-12-30$45.40$48.0034.2%9.8%26.9%17.8%33.6%1.2%4.2%-691.7K4.6M-42.2K0.5847.98N/AN/A2881673,1225,936
2024-12-31$45.96$47.0034.9%10.0%27.6%19.6%35.3%1.8%3.8%-570.3K3.2M-43.2K0.5340.44N/AN/A147783,3666,063