TEX Options History — March 2026

In March 2026, TEX traded between $54.73 and $69.49. ATM implied volatility averaged 48.9%, placing in the 27.6% IV rank vs the trailing year. The 30-day expected move averaged 14.0%. IV traded above realized volatility by 0.1% (HV 20d: 48.8%). Max pain ranged from $50.00 to $65.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 15.38.

Notable Days

  • 2026-03-16: Highest Volume — 1,060 contracts
  • 2026-03-11: Largest IV drop — 15.9% change
  • 2026-03-10: Highest IV Rank — 35.6%
  • 2026-03-12: Largest Expected Move — 17.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$61.34$54.73$69.49$69.49$59.53
Max Pain$53.81$50.00$65.00$65.00$55.00
ATM IV48.9%44.9%54.8%50.0%45.9%
Expected Move14.0%12.1%17.1%14.3%13.2%
HV 20d48.8%33.9%64.1%63.1%58.9%
HV 60d47.0%44.4%53.7%45.1%53.7%
IV Rank27.6%22.1%35.6%29.0%23.5%
IV Percentile75.3%62.7%87.7%79.4%63.5%
Term Structure2.1%-8.8%10.9%-4.8%0.5%
VWIV48.1%40.2%53.3%50.9%47.6%
Skew 25d7.1%-7.2%15.8%11.8%15.8%
Skew 10d11.8%2.7%33.1%2.7%19.4%
Call IV 25d45.1%38.7%52.0%47.4%43.0%
Put IV 25d52.2%43.9%59.2%59.2%58.9%
Bid-Ask Spread %66.8841.0698.0987.3442.53
Gamma HHI0.460.280.710.680.51
Net GEX422.0K-31.3K1.1M896.4K298.7K
Net DEX-7.9M-20.2M-1.4M-20.2M-6.9M
Net VEX-33.2K-46.8K-23.0K-43.3K-30.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio15.380.00164.500.040.55
Total Volume264.238121,06054259
Total OI7,289.814,3598,9957,2905,010

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$69.49$65.0050.0%14.3%63.1%29.0%50.9%11.8%-4.8%896.4K-20.2M-43.3K0.0487.34N/AN/A521215,4411,849
2026-03-03$67.20$65.0053.4%15.3%64.1%33.6%48.5%5.2%-8.8%935.9K-17.0M-46.1K0.1295.75N/AN/A181215,9571,862
2026-03-04$67.81$65.0047.3%13.5%61.8%25.3%0.0%2.9%-7.5%1.1M-18.6M-46.8K0.0098.05N/AN/A1206,1091,859
2026-03-05$66.06$50.0052.2%13.6%62.1%32.1%40.2%11.7%-0.4%978.9K-15.2M-45.3K4.8194.15N/AN/A432076,1161,859
2026-03-06$62.65$50.0049.6%13.0%62.5%28.5%44.4%11.0%2.5%582.9K-7.0M-39.0K24.3996.20N/AN/A338056,1052,061
2026-03-09$61.62$50.0053.9%14.1%61.5%34.4%50.2%9.7%1.9%415.3K-4.9M-32.4K23.4493.98N/AN/A184226,1322,064
2026-03-10$63.77$50.0054.8%14.2%61.9%35.6%50.2%0.9%-0.2%779.0K-10.3M-37.5K0.4298.09N/AN/A1986,1312,124
2026-03-11$62.95$50.0046.1%13.2%61.3%23.8%49.2%8.5%2.7%624.6K-8.0M-34.4K1.9095.03N/AN/A10196,1332,126
2026-03-12$60.02$50.0048.4%17.1%39.4%26.8%0.0%4.7%4.2%302.5K-3.7M-29.7K0.8061.06N/AN/A1086,1382,129
2026-03-13$59.23$50.0048.7%15.3%38.0%27.3%49.5%6.4%-1.4%58.9K-1.7M-27.1K164.5058.97N/AN/A23296,1382,129
2026-03-16$59.49$50.0048.3%13.5%34.6%26.7%47.0%0.6%4.3%-31.3K-1.4M-23.0K0.0255.60N/AN/A1,036246,1382,148
2026-03-17$59.75$50.0045.9%12.1%34.2%23.5%52.1%-7.2%8.6%214.3K-4.9M-28.4K0.1851.08N/AN/A57107,1081,859
2026-03-18$58.77$50.0045.0%13.2%34.3%22.3%48.7%12.0%3.2%161.2K-4.3M-27.7K3.7551.21N/AN/A8307,1201,866
2026-03-19$58.21$50.0046.0%12.7%33.9%23.6%50.8%5.9%3.9%143.6K-2.8M-27.0K37.2554.34N/AN/A207457,1201,875
2026-03-20$56.45$55.0052.3%14.5%34.8%32.2%45.3%7.8%2.9%192.2K-3.9M-28.4K0.4054.94N/AN/A35147,1201,741
2026-03-23$59.86$55.0046.8%14.7%42.4%24.7%42.4%12.0%-0.5%236.9K-6.9M-27.4K0.2942.33N/AN/A41122,8111,548
2026-03-24$60.73$55.0044.9%13.5%41.8%22.1%44.1%6.0%9.3%255.2K-6.9M-27.9K0.0544.02N/AN/A530282,8341,555
2026-03-25$61.13$55.0047.0%13.7%42.0%25.0%50.6%-2.1%5.2%292.3K-9.4M-33.0K56.5041.70N/AN/A21133,2751,550
2026-03-26$58.60$55.0049.1%14.1%43.9%27.8%49.5%15.5%6.9%258.0K-7.6M-32.7K2.8741.06N/AN/A15433,2751,660
2026-03-30$54.73$55.0051.3%14.7%48.8%30.8%53.3%9.2%10.9%163.8K-3.4M-30.1K0.5846.95N/AN/A24143,2891,722
2026-03-31$59.53$55.0045.9%13.2%58.9%23.5%47.6%15.8%0.5%298.7K-6.9M-30.4K0.5542.53N/AN/A38213,2841,726