TEX Options History — January 2026

In January 2026, TEX traded between $55.15 and $61.56. ATM implied volatility averaged 44.7%, placing in the 21.9% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded above realized volatility by 14.5% (HV 20d: 30.2%). Max pain ranged from $50.00 to $55.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.88.

Notable Days

  • 2026-01-12: Highest Volume — 2,652 contracts
  • 2026-01-14: Largest IV spike — 30.3% change
  • 2026-01-26: Highest IV Rank — 39.6%
  • 2026-01-26: Largest Expected Move — 16.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$59.22$55.15$61.56$55.15$57.39
Max Pain$54.75$50.00$55.00$50.00$55.00
ATM IV44.7%33.9%57.8%36.5%57.0%
Expected Move13.2%10.5%16.6%10.5%16.3%
HV 20d30.2%27.3%33.2%30.0%33.0%
HV 60d49.7%33.3%55.3%54.8%33.7%
IV Rank21.9%7.1%39.6%10.7%38.6%
IV Percentile59.4%8.7%92.5%24.2%91.3%
Term Structure-4.5%-17.2%4.4%4.2%-14.7%
VWIV45.8%37.5%56.9%37.5%56.9%
Skew 25d3.4%-1.5%9.6%8.6%-1.4%
Skew 10d9.8%-2.8%24.7%13.6%24.7%
Call IV 25d44.2%32.2%57.4%32.2%55.8%
Put IV 25d47.7%40.1%57.0%40.7%54.4%
Bid-Ask Spread %78.0365.4798.0198.0180.23
Gamma HHI0.560.300.940.300.43
Net GEX682.3K310.6K2.7M571.0K400.5K
Net DEX-16.0M-27.2M-8.5M-13.2M-8.5M
Net VEX-35.4K-45.9K-25.5K-29.7K-42.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.880.005.710.450.31
Total Volume324.7142,6529384
Total OI6,525.54,5438,1676,7485,916

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$55.15$50.0036.5%10.5%30.0%10.7%37.5%8.6%4.2%571.0K-13.2M-29.7K0.4598.01N/AN/A64294,8071,941
2026-01-05$56.34$55.0044.7%11.5%30.5%21.9%39.3%7.2%4.4%593.9K-14.5M-30.6K0.0270.47N/AN/A805184,8541,971
2026-01-06$58.64$55.0036.2%12.7%32.3%10.3%41.2%4.5%-8.3%672.2K-18.7M-28.2K0.0479.35N/AN/A11344,9981,977
2026-01-07$57.78$55.0039.4%11.5%33.1%14.6%43.2%2.0%-1.2%661.4K-17.6M-29.3K1.8070.71N/AN/A595,0971,978
2026-01-08$58.64$55.0033.9%12.3%32.5%7.1%44.2%9.6%-3.2%700.1K-19.4M-28.7K0.9581.38N/AN/A41395,1021,983
2026-01-09$59.53$55.0034.1%12.3%28.2%7.4%38.8%0.2%-0.3%772.8K-20.6M-26.3K5.7185.45N/AN/A452575,1192,008
2026-01-12$60.82$55.0037.8%11.4%28.7%12.4%39.7%-1.5%2.8%800.5K-22.9M-25.5K0.0068.87N/AN/A2,642105,1362,224
2026-01-13$60.60$55.0036.4%11.7%27.7%10.5%42.1%1.3%-0.8%1.1M-23.9M-36.0K0.2267.22N/AN/A94215,8272,227
2026-01-14$60.59$55.0047.4%13.6%27.6%25.5%42.6%1.8%-7.8%1.0M-23.5M-35.7K0.0572.24N/AN/A9855,8892,238
2026-01-15$61.44$55.0045.2%13.0%27.5%22.6%39.4%7.8%-0.5%310.6K-27.2M-33.1K0.1388.08N/AN/A135185,8932,242
2026-01-16$60.38$55.0046.9%13.5%27.3%24.9%43.6%7.4%-9.1%2.7M-24.5M-34.5K0.1381.45N/AN/A374495,9092,258
2026-01-20$58.99$55.0047.6%13.7%28.0%25.9%48.6%0.1%-4.1%331.2K-8.7M-36.1K1.4481.48N/AN/A39563,2391,304
2026-01-21$60.42$55.0048.5%13.9%28.8%27.0%50.6%9.0%-10.8%337.2K-9.8M-35.7K0.5970.85N/AN/A27163,2681,344
2026-01-22$61.56$55.0040.1%11.5%29.1%15.7%46.2%2.2%3.1%373.9K-11.7M-35.6K0.0283.83N/AN/A1,118183,2831,360
2026-01-23$59.78$55.0047.6%13.7%31.6%25.8%49.1%2.2%-5.8%494.8K-11.6M-45.9K2.4065.47N/AN/A15364,3881,372
2026-01-26$59.95$55.0057.8%16.6%31.3%39.6%55.3%3.0%-17.2%467.1K-11.5M-44.2K0.7776.41N/AN/A22174,3981,402
2026-01-27$60.37$55.0052.0%14.9%31.2%31.8%52.1%4.1%-13.2%505.7K-11.9M-44.2K0.4074.08N/AN/A50204,4041,412
2026-01-28$58.73$55.0050.5%14.5%31.8%29.8%50.6%1.2%-4.9%485.4K-10.7M-43.1K1.8995.61N/AN/A9174,4481,416
2026-01-29$57.39$55.0054.3%15.6%33.2%34.9%54.2%-0.4%-2.9%432.9K-9.1M-42.2K0.2969.37N/AN/A58174,4511,427
2026-01-30$57.39$55.0057.0%16.3%33.0%38.6%56.9%-1.4%-14.7%400.5K-8.5M-42.4K0.3180.23N/AN/A64204,4761,440