TJX Options History — February 2007

In February 2007, TJX traded between $6.88 and $7.18. ATM implied volatility averaged 20.3%. The 30-day expected move averaged 6.1%. IV traded below realized volatility by 0.6% (HV 20d: 20.9%). Max pain ranged from $6.25 to $7.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.99.

Notable Days

  • 2007-02-02: Highest Volume — 7,400 contracts
  • 2007-02-08: Largest IV spike — 27.3% change
  • 2007-02-01: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.07$6.88$7.18$7.12$6.88
Max Pain$7.43$6.25$7.50$6.25$7.50
ATM IV20.3%15.2%25.7%25.7%18.8%
Expected Move6.1%4.4%7.4%7.4%5.4%
HV 20d20.9%19.4%23.9%23.9%23.0%
Term Structure-1.3%-3.8%4.4%-1.4%4.4%
VWIV21.1%14.5%25.8%25.8%19.7%
Skew 25d3.7%3.3%4.1%3.4%3.8%
Skew 10d6.0%5.2%7.5%5.2%7.5%
Call IV 25d20.1%19.2%21.3%21.3%20.0%
Put IV 25d23.8%23.2%24.7%24.7%23.8%
Bid-Ask Spread %23.046.5837.3622.167.19
Gamma HHI0.550.430.620.580.43
Net GEX412.0K197.6K603.9K481.7K197.6K
Net DEX-3.6M-7.0M539.1K-6.0M539.1K
Net VEX-97.0K-103.9K-88.1K-103.9K-90.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.990.044.330.571.08
Total Volume1,535.368807,4001,8884,448
Total OI89,434.52684,08494,14888,20485,188

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-02-01$7.12$6.2525.7%7.4%23.9%0.0%25.8%3.4%-1.4%481.7K-6.0M-103.9K0.5722.16N/AN/A1,20468442,47245,732
2007-02-02$7.17$7.5019.7%7.0%20.0%0.0%24.2%3.7%-1.7%603.9K-7.0M-101.7K0.9427.15N/AN/A3,8083,59243,22845,824
2007-02-05$7.03$7.5018.4%6.9%19.8%0.0%0.0%3.4%-2.0%317.1K-3.3M-102.6K1.5135.72N/AN/A48873644,79247,028
2007-02-06$7.09$7.5022.9%7.0%20.0%0.0%22.4%4.1%-2.3%497.9K-4.4M-101.8K0.2833.85N/AN/A47613243,29647,336
2007-02-07$7.04$7.5017.7%6.6%19.4%0.0%20.8%3.7%-0.7%351.0K-3.2M-101.4K0.2335.04N/AN/A88820043,60447,368
2007-02-08$7.15$7.5022.5%6.4%20.0%0.0%25.0%3.9%-1.6%488.4K-4.9M-99.7K0.1112.65N/AN/A2,81230043,96047,468
2007-02-09$7.02$7.5022.6%6.5%19.8%0.0%23.2%3.6%-1.4%360.8K-3.0M-100.2K0.2937.36N/AN/A34410045,90047,592
2007-02-12$7.01$7.5022.1%6.3%19.8%0.0%0.0%3.4%-2.0%353.1K-3.0M-98.8K0.4034.03N/AN/A1004046,11247,528
2007-02-13$7.03$7.5022.1%6.3%19.9%0.0%0.0%3.3%-2.7%389.9K-3.0M-98.8K4.3334.08N/AN/A6026046,17247,488
2007-02-14$7.16$7.5022.5%6.4%21.2%0.0%22.5%4.1%-1.7%479.9K-5.3M-99.3K0.0413.21N/AN/A1,4485246,08047,696
2007-02-15$7.18$7.5022.2%6.4%21.2%0.0%22.1%3.4%-2.3%542.1K-5.5M-98.8K0.5314.54N/AN/A37620046,40847,740
2007-02-16$7.12$7.5022.9%6.6%20.1%0.0%0.0%4.0%-3.2%385.2K-4.4M-96.6K0.2416.14N/AN/A44410846,39247,740
2007-02-20$7.16$7.5022.3%6.4%20.3%0.0%22.3%4.1%-3.5%452.7K-4.5M-94.5K0.4215.83N/AN/A1,28853636,93247,152
2007-02-21$7.04$7.5016.6%4.8%20.9%0.0%16.3%3.6%-1.0%372.1K-1.7M-91.3K0.418.52N/AN/A84034837,44447,316
2007-02-22$7.16$7.5015.3%4.4%21.7%0.0%18.7%4.0%-0.6%483.8K-4.0M-93.2K3.2117.01N/AN/A26886037,38847,372
2007-02-23$7.12$7.5015.2%4.4%21.6%0.0%0.0%3.9%0.4%440.6K-3.4M-92.8K0.1831.30N/AN/A681237,49647,680
2007-02-26$7.06$7.5018.6%5.3%21.5%0.0%14.5%3.4%-3.8%408.2K-2.5M-88.9K2.7935.46N/AN/A7621237,46047,660
2007-02-27$6.88$7.5016.9%4.8%23.1%0.0%17.5%4.0%2.3%222.6K216.7K-88.1K1.216.58N/AN/A61674837,48847,724
2007-02-28$6.88$7.5018.8%5.4%23.0%0.0%19.7%3.8%4.4%197.6K539.1K-90.5K1.087.19N/AN/A2,1362,31237,54447,644