TEX Options History — June 2025

In June 2025, TEX traded between $43.91 and $48.39. ATM implied volatility averaged 37.0%, placing in the 11.7% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded below realized volatility by 8.9% (HV 20d: 45.9%). Max pain ranged from $42.00 to $45.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 1.32.

Notable Days

  • 2025-06-11: Highest Volume — 813 contracts
  • 2025-06-09: Largest IV drop — 28.6% change
  • 2025-06-17: Highest IV Rank — 21.7%
  • 2025-06-17: Largest Expected Move — 12.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.34$43.91$48.39$43.91$46.90
Max Pain$44.60$42.00$45.00$43.00$45.00
ATM IV37.0%28.6%44.6%40.5%35.7%
Expected Move10.8%9.2%12.8%11.6%10.2%
HV 20d45.9%39.2%57.6%56.3%39.4%
HV 60d67.5%66.9%68.4%66.9%66.9%
IV Rank11.7%0.6%21.7%16.7%9.6%
IV Percentile35.0%0.4%70.2%54.8%22.2%
Term Structure5.3%-3.3%13.2%-3.3%12.4%
VWIV37.8%31.0%46.8%32.2%34.1%
Skew 25d4.1%-12.1%18.5%-0.0%3.3%
Skew 10d7.2%-8.3%17.8%-8.3%8.0%
Call IV 25d34.7%30.4%39.1%36.2%32.8%
Put IV 25d38.8%23.2%53.8%36.2%36.1%
Bid-Ask Spread %76.3554.8592.0671.8754.85
Gamma HHI0.260.120.410.120.34
Net GEX158.0K-229.5K357.3K51.0K142.1K
Net DEX-5.3M-10.2M-1.0M-1.0M-5.1M
Net VEX-34.8K-39.3K-28.6K-36.8K-29.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.320.037.710.124.09
Total Volume202.353281335156
Total OI8,550.76,5449,9588,1627,265

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-06-02$43.91$43.0040.5%11.6%56.3%16.7%32.2%-0.0%-3.3%51.0K-1.0M-36.8K0.1271.87N/AN/A314374,1084,054
2025-06-03$45.67$42.0035.7%10.2%57.6%10.1%35.6%5.2%5.6%190.0K-4.6M-38.5K0.1279.52N/AN/A178224,4084,074
2025-06-04$45.89$42.0032.2%9.2%56.8%5.4%34.6%-4.4%2.0%211.3K-5.1M-39.2K0.4869.26N/AN/A27134,5704,077
2025-06-05$45.81$45.0031.7%11.2%55.3%4.7%40.6%-12.1%6.3%203.6K-5.1M-39.1K7.7180.98N/AN/A413164,5824,087
2025-06-06$46.42$45.0040.1%10.9%52.5%16.1%36.8%5.8%3.0%203.5K-6.1M-39.3K0.5182.67N/AN/A68354,5894,378
2025-06-09$47.82$45.0028.6%9.9%53.1%0.6%36.3%-0.2%6.4%320.5K-8.6M-37.5K0.7770.30N/AN/A56434,6504,407
2025-06-10$47.86$45.0032.7%10.1%41.8%6.1%44.5%18.5%4.4%315.0K-8.3M-38.7K0.5685.47N/AN/A45254,6874,446
2025-06-11$48.39$45.0039.4%11.3%39.8%15.1%38.6%8.8%2.1%329.6K-10.2M-35.9K0.2492.06N/AN/A6561574,7044,452
2025-06-12$47.20$45.0035.7%10.2%40.9%10.1%36.8%5.5%9.7%318.7K-7.7M-38.4K0.2281.89N/AN/A134295,0564,603
2025-06-13$45.70$45.0038.9%11.2%42.5%14.5%41.7%6.4%8.6%170.5K-4.7M-36.7K0.1878.22N/AN/A130245,1474,607
2025-06-16$46.89$45.0038.6%11.1%43.0%14.0%36.8%5.0%9.5%357.3K-7.6M-34.4K1.6580.99N/AN/A17285,2404,601
2025-06-17$44.74$45.0044.6%12.8%45.8%21.7%46.8%4.8%5.0%23.2K-2.4M-34.1K6.6783.40N/AN/A513405,2474,607
2025-06-18$45.53$45.0037.4%10.7%46.4%11.9%38.0%-1.7%1.4%52.5K-3.9M-33.8K0.3987.12N/AN/A2395,2394,719
2025-06-20$45.41$45.0040.3%11.6%42.2%15.9%40.5%7.0%7.4%-229.5K-3.6M-31.5K0.1080.18N/AN/A286295,2374,715
2025-06-23$44.78$45.0037.8%10.8%42.4%12.4%37.6%6.1%-1.7%26.0K-1.8M-31.5K0.3163.94N/AN/A166513,0283,516
2025-06-24$46.72$45.0038.2%11.0%43.8%13.1%35.1%4.8%1.8%77.4K-4.2M-30.4K0.0378.10N/AN/A25783,1763,555
2025-06-25$46.13$45.0039.4%11.3%39.2%14.7%38.9%8.1%6.1%99.9K-3.8M-31.1K1.4768.01N/AN/A34503,4163,564
2025-06-26$47.52$45.0035.8%10.3%39.9%9.8%39.4%3.6%5.7%143.8K-6.1M-28.6K0.4463.03N/AN/A108483,4443,588
2025-06-27$47.44$45.0037.4%10.7%39.9%11.9%31.0%7.8%13.2%153.0K-5.5M-31.0K0.3975.07N/AN/A98383,5493,622
2025-06-30$46.90$45.0035.7%10.2%39.4%9.6%34.1%3.3%12.4%142.1K-5.1M-29.9K4.0954.85N/AN/A11453,6093,656