TEX Options History — February 2026

In February 2026, TEX traded between $59.38 and $69.57. ATM implied volatility averaged 50.1%, placing in the 29.2% IV rank vs the trailing year. The 30-day expected move averaged 13.5%. IV traded below realized volatility by 5.5% (HV 20d: 55.6%). Max pain ranged from $55.00 to $65.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 1.44.

Notable Days

  • 2026-02-26: Highest Volume — 5,032 contracts
  • 2026-02-11: Largest IV drop — 44.3% change
  • 2026-02-10: Highest IV Rank — 67.3%
  • 2026-02-02: Largest Expected Move — 16.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$66.02$59.38$69.57$59.38$68.51
Max Pain$61.05$55.00$65.00$55.00$65.00
ATM IV50.1%38.7%78.1%59.0%43.8%
Expected Move13.5%11.1%16.9%16.9%12.5%
HV 20d55.6%33.1%67.0%33.1%63.1%
HV 60d42.5%34.1%47.0%34.1%45.3%
IV Rank29.2%13.7%67.3%41.2%20.6%
IV Percentile70.9%34.5%98.8%92.9%58.3%
Term Structure-3.4%-16.1%3.1%-10.0%1.2%
VWIV47.2%38.8%58.3%58.3%44.0%
Skew 25d5.9%0.5%14.2%2.9%6.4%
Skew 10d8.1%-0.9%15.1%11.6%6.4%
Call IV 25d44.3%34.8%57.8%56.3%39.9%
Put IV 25d50.1%43.5%63.0%59.2%46.3%
Bid-Ask Spread %85.1873.1892.9173.1890.23
Gamma HHI0.560.410.730.450.67
Net GEX598.6K497.3K933.2K497.3K933.2K
Net DEX-20.3M-28.0M-11.2M-11.2M-18.0M
Net VEX-43.3K-50.7K-38.3K-41.5K-44.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.440.004.380.660.76
Total Volume583.632125,0328837
Total OI6,975.8955,9507,9925,9507,263

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$59.38$55.0059.0%16.9%33.1%41.2%58.3%2.9%-10.0%497.3K-11.2M-41.5K0.6673.18N/AN/A53354,5001,450
2026-02-03$62.61$55.0052.7%15.1%37.0%32.8%54.1%7.1%-16.1%602.0K-15.2M-38.6K0.7587.23N/AN/A28214,5431,470
2026-02-04$64.25$55.0058.8%16.9%35.5%41.1%58.1%5.3%-13.1%533.0K-18.0M-42.5K2.1479.85N/AN/A491054,7111,485
2026-02-05$61.17$60.0064.1%15.0%39.9%48.2%46.6%2.3%-3.6%507.8K-14.1M-43.6K4.3881.30N/AN/A16704,7081,576
2026-02-06$63.31$55.0053.3%13.7%41.2%33.6%48.5%9.0%-3.8%556.1K-16.7M-42.8K0.1674.49N/AN/A3,0044724,7111,545
2026-02-09$61.59$55.0065.7%14.6%42.4%50.4%48.0%6.7%-1.7%621.0K-15.2M-50.7K3.0087.88N/AN/A395,4351,732
2026-02-10$59.95$55.0078.1%14.5%42.9%67.3%55.3%8.8%-2.1%569.5K-13.2M-47.9K0.1984.46N/AN/A62125,4351,740
2026-02-11$68.58$55.0043.5%12.5%64.3%20.2%48.9%5.4%3.1%643.5K-26.8M-42.0K2.4888.17N/AN/A2335775,4851,748
2026-02-12$66.19$65.0041.4%11.9%66.0%17.4%40.8%0.5%-0.7%595.2K-23.3M-47.4K1.0284.78N/AN/A1251285,5492,257
2026-02-13$68.79$65.0044.0%12.6%67.0%20.8%44.2%5.9%-2.9%524.5K-26.4M-45.3K0.5386.00N/AN/A66355,5572,356
2026-02-17$69.57$65.0045.0%12.9%66.5%22.3%46.0%9.2%-7.4%593.3K-28.0M-41.2K0.1992.74N/AN/A2655,5992,382
2026-02-18$68.66$65.0044.2%12.7%66.0%21.1%44.5%14.2%-0.6%523.9K-27.0M-44.2K0.1792.91N/AN/A77135,5952,385
2026-02-19$69.05$65.0041.6%11.9%65.7%17.6%41.0%5.2%-0.2%624.6K-27.6M-43.5K0.1587.45N/AN/A85135,6022,390
2026-02-20$68.38$65.0043.4%12.4%65.8%20.1%47.1%6.1%-2.6%554.0K-26.7M-43.1K3.6484.60N/AN/A702555,5892,401
2026-02-23$67.64$65.0046.6%13.4%64.8%24.4%45.3%8.1%-0.9%581.2K-17.7M-42.4K3.8183.38N/AN/A321224,4711,709
2026-02-24$69.17$65.0038.7%11.1%65.1%13.7%38.8%2.6%3.0%672.1K-20.5M-38.3K0.2184.57N/AN/A150324,4841,805
2026-02-25$68.84$65.0045.3%13.0%65.2%22.7%44.4%4.8%-3.2%578.1K-19.9M-43.0K3.1187.66N/AN/A9284,6111,823
2026-02-26$68.66$65.0042.5%12.2%64.1%18.9%42.4%0.9%-3.0%662.6K-19.8M-39.4K0.0087.54N/AN/A5,015174,6141,826
2026-02-27$68.51$65.0043.8%12.5%63.1%20.6%44.0%6.4%1.2%933.2K-18.0M-44.9K0.7690.23N/AN/A21165,4261,837