TEX Options History — October 2025

In October 2025, TEX traded between $46.16 and $58.02. ATM implied volatility averaged 46.1%, placing in the 23.8% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded above realized volatility by 7.6% (HV 20d: 38.5%). Max pain ranged from $50.00 to $55.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 4 of 23 days. Put/call ratio averaged 2.01.

Notable Days

  • 2025-10-29: Highest Volume — 6,250 contracts
  • 2025-10-10: Largest IV spike — 34.2% change
  • 2025-10-14: Highest IV Rank — 44.4%
  • 2025-10-28: Largest Expected Move — 16.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.52$46.16$58.02$51.78$46.16
Max Pain$50.87$50.00$55.00$50.00$50.00
ATM IV46.1%31.4%61.3%39.6%41.1%
Expected Move13.3%10.3%16.0%11.4%11.8%
HV 20d38.5%21.7%81.5%29.3%81.3%
HV 60d38.9%34.8%54.9%37.2%54.9%
IV Rank23.8%3.8%44.4%15.0%16.9%
IV Percentile68.8%1.2%95.6%53.2%60.7%
Term Structure-4.1%-16.4%7.9%4.1%2.1%
VWIV46.3%37.7%54.4%39.9%39.3%
Skew 25d4.8%-0.2%13.1%2.5%-0.2%
Skew 10d10.5%-1.3%22.1%5.2%-1.3%
Call IV 25d44.0%35.5%53.8%38.1%42.0%
Put IV 25d48.8%40.6%57.6%40.6%41.8%
Bid-Ask Spread %66.6448.6582.9674.6182.96
Gamma HHI0.470.260.660.390.26
Net GEX520.6K101.5K863.4K417.0K101.5K
Net DEX-11.0M-16.8M1.9M-8.6M1.9M
Net VEX-39.6K-49.0K-32.5K-36.0K-33.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.010.0223.405.441.87
Total Volume829.043356,250581,897
Total OI8,317.9575,25011,3688,53911,368

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-10-01$51.78$50.0039.6%11.4%29.3%15.0%39.9%2.5%4.1%417.0K-8.6M-36.0K5.4474.61N/AN/A9494,7903,749
2025-10-02$52.28$50.0040.7%11.7%23.9%16.4%37.7%3.5%7.9%460.2K-9.5M-35.9K0.3163.79N/AN/A42134,7933,775
2025-10-03$52.75$50.0036.1%10.3%21.7%10.1%38.5%5.1%4.9%492.8K-10.3M-35.4K0.4058.37N/AN/A25104,8013,778
2025-10-06$53.54$50.0039.0%12.2%22.1%14.1%45.3%4.1%-4.0%569.5K-12.0M-33.8K1.2348.65N/AN/A47584,8173,785
2025-10-07$52.72$50.0031.4%12.4%21.8%3.8%44.8%5.7%-4.0%542.4K-11.0M-32.5K1.4349.24N/AN/A47674,8423,825
2025-10-08$54.03$50.0040.3%12.8%22.7%15.8%44.5%3.4%-4.7%617.4K-13.2M-33.5K0.0259.87N/AN/A2,061464,8753,882
2025-10-09$54.30$50.0038.0%12.8%22.3%12.8%44.7%3.4%-5.8%743.7K-14.1M-39.1K0.0349.08N/AN/A2,192565,3993,917
2025-10-10$50.80$50.0051.1%14.0%32.8%30.5%46.4%4.9%-6.6%379.0K-8.2M-42.5K0.3366.97N/AN/A87295,9743,958
2025-10-13$52.30$50.0051.8%13.8%34.3%31.5%47.3%4.8%-4.7%495.4K-11.1M-41.0K0.4569.13N/AN/A60275,9953,974
2025-10-14$54.27$50.0061.3%13.5%36.6%44.4%46.5%2.5%-8.7%730.9K-15.3M-42.3K0.0776.00N/AN/A141106,0103,984
2025-10-15$54.72$50.0046.6%13.4%36.5%24.5%46.4%4.9%-7.1%863.4K-16.8M-42.1K2.2270.47N/AN/A982186,0843,991
2025-10-16$54.00$50.0046.8%13.4%36.4%24.7%46.9%3.6%-4.7%809.0K-15.5M-40.6K0.4073.61N/AN/A127516,0974,034
2025-10-17$53.15$50.0048.6%13.9%35.6%27.2%50.7%4.5%-5.5%434.1K-12.7M-38.1K2.0463.87N/AN/A1262576,0884,013
2025-10-20$55.39$50.0044.5%12.8%38.3%21.6%44.3%5.2%-3.8%507.8K-10.7M-39.8K0.3054.29N/AN/A4301314,1711,079
2025-10-21$55.05$50.0044.9%12.9%38.4%22.1%43.7%4.1%-3.3%539.0K-10.9M-42.0K0.1772.55N/AN/A149264,4991,156
2025-10-22$53.02$50.0045.6%13.1%40.9%23.0%50.1%13.1%-3.4%484.9K-8.3M-40.8K23.4075.16N/AN/A102344,5951,175
2025-10-23$56.47$50.0050.3%14.4%45.4%29.5%48.6%3.5%-6.8%516.0K-12.5M-43.8K0.3768.95N/AN/A101374,5911,368
2025-10-24$56.62$50.0050.7%14.5%45.0%30.0%50.5%7.9%-6.3%540.4K-13.2M-43.5K1.6676.64N/AN/A731214,6721,401
2025-10-27$58.02$55.0051.0%14.6%45.5%30.5%53.6%6.2%-8.2%516.0K-15.0M-43.8K1.1266.75N/AN/A1161304,7391,497
2025-10-28$57.03$55.0056.0%16.0%46.1%37.2%52.1%8.0%-16.4%511.0K-14.3M-44.0K0.1372.10N/AN/A566734,8041,592
2025-10-29$55.96$55.0053.4%15.3%46.8%33.7%54.4%3.8%-4.1%527.5K-13.5M-49.0K0.1774.30N/AN/A5,3509005,3131,641
2025-10-30$46.53$55.0052.1%14.9%81.5%31.9%49.0%6.3%-6.1%176.0K1.1M-38.8K2.7065.35N/AN/A7482,0237,9152,507
2025-10-31$46.16$50.0041.1%11.8%81.3%16.9%39.3%-0.2%2.1%101.5K1.9M-33.4K1.8782.96N/AN/A6601,2378,2323,136