TJX Options History — August 2007

In August 2007, TJX traded between $6.75 and $7.69. ATM implied volatility averaged 29.7%, placing in the 38.9% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded below realized volatility by 6.0% (HV 20d: 35.7%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 1.12.

Notable Days

  • 2007-08-17: Highest Volume — 39,088 contracts
  • 2007-08-13: Largest IV spike — 86.9% change
  • 2007-08-13: Highest IV Rank — 84.0%
  • 2007-08-09: Largest Expected Move — 10.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.25$6.75$7.69$7.00$7.62
Max Pain$7.50$7.50$7.50$7.50$7.50
ATM IV29.7%20.4%48.0%27.0%28.0%
Expected Move8.4%5.9%10.2%7.7%8.0%
HV 20d35.7%30.9%39.3%33.0%37.7%
HV 60d28.6%25.1%31.5%25.4%31.2%
IV Rank38.9%16.0%84.0%32.2%34.7%
IV Percentile78.8%30.6%97.4%80.7%77.2%
Term Structure0.4%-5.4%8.0%-5.4%1.8%
VWIV30.1%25.6%36.3%33.3%28.0%
Skew 25d3.8%1.9%5.7%3.3%4.2%
Skew 10d7.2%2.3%15.1%5.4%6.6%
Call IV 25d26.9%24.5%29.8%25.4%25.8%
Put IV 25d30.7%28.1%35.1%28.7%30.0%
Bid-Ask Spread %19.339.8939.7339.7314.30
Gamma HHI0.520.390.890.540.48
Net GEX1.2M257.5K7.7M946.1K931.6K
Net DEX-10.8M-25.9M1.8M-5.3M-22.0M
Net VEX-152.0K-169.9K-140.6K-150.0K-159.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.120.006.420.002.63
Total Volume5,57612039,0881601,392
Total OI172,312.174153,872175,052172,440173,432

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-08-01$7.00$7.5027.0%7.7%33.0%32.2%33.3%3.3%-5.4%946.1K-5.3M-150.0K0.0039.73N/AN/A160084,10088,340
2007-08-02$7.03$7.5031.9%9.1%32.5%44.3%26.5%2.6%-3.1%995.1K-4.9M-145.7K0.0727.62N/AN/A112884,09288,340
2007-08-03$6.83$7.5020.4%5.9%34.1%16.0%30.9%2.6%8.0%536.5K198.5K-143.1K1.9837.22N/AN/A6561,30084,18888,332
2007-08-06$7.07$7.5037.7%8.7%34.0%58.7%32.5%3.7%-0.8%1.0M-5.5M-151.6K0.6016.02N/AN/A3,0441,84084,77287,816
2007-08-07$7.14$7.5035.4%8.8%30.9%53.1%30.8%3.4%-1.4%1.3M-8.6M-158.1K3.4621.87N/AN/A27695686,03689,016
2007-08-08$7.13$7.5034.2%8.4%30.9%50.1%29.2%3.4%-0.2%1.4M-9.6M-148.7K0.0123.11N/AN/A8,12411685,98488,440
2007-08-09$6.75$7.5031.7%10.2%35.7%43.8%36.3%1.9%-2.1%257.5K1.8M-141.0K0.0717.79N/AN/A9446884,76888,520
2007-08-10$6.88$7.5025.7%9.6%34.1%29.0%36.1%4.0%-1.2%287.2K738.5K-147.4K0.9717.77N/AN/A99296484,94088,560
2007-08-13$6.92$7.5048.0%9.5%34.2%84.0%33.3%3.3%-2.1%718.7K-2.7M-145.3K0.1318.46N/AN/A4,47656884,83687,964
2007-08-14$6.89$7.5029.2%8.8%33.9%37.7%35.2%3.6%-0.8%664.9K-2.0M-142.8K0.7327.58N/AN/A1,6401,20085,08887,884
2007-08-15$7.12$7.5025.5%9.1%36.2%28.6%31.8%4.6%-1.3%496.0K-3.2M-141.2K0.4323.94N/AN/A54823684,92488,320
2007-08-16$7.32$7.5033.8%9.7%37.7%49.1%34.0%5.3%0.4%2.9M-11.1M-148.0K0.8224.56N/AN/A2,2961,87684,98488,372
2007-08-17$7.50$7.5031.5%9.0%38.7%43.4%31.5%5.4%-0.2%7.7M-23.2M-140.6K0.3533.00N/AN/A28,98010,10884,30488,604
2007-08-20$7.41$7.5028.1%8.0%38.9%34.9%28.1%3.7%1.6%511.1K-12.9M-147.7K0.169.89N/AN/A20,6123,38060,19693,676
2007-08-21$7.41$7.5025.6%7.3%38.2%28.8%25.6%5.6%3.0%619.5K-12.4M-169.9K0.6212.98N/AN/A3,3962,10069,200104,136
2007-08-22$7.46$7.5025.8%7.4%37.9%29.2%25.8%4.2%2.0%621.2K-13.7M-164.6K6.4211.28N/AN/A4683,00469,404105,492
2007-08-23$7.47$7.5025.8%7.4%35.9%29.4%25.8%3.3%1.6%626.1K-13.8M-160.0K0.1710.04N/AN/A4,05670468,556105,204
2007-08-24$7.69$7.5025.6%7.3%36.5%28.9%26.0%3.8%2.6%916.9K-24.2M-149.6K0.1713.04N/AN/A9,9801,70470,82097,428
2007-08-27$7.68$7.5025.6%7.3%34.9%28.8%25.6%3.4%2.9%972.4K-25.9M-152.3K0.2411.33N/AN/A3,08874074,10098,520
2007-08-28$7.36$7.5029.5%8.5%38.0%38.5%29.5%2.8%0.3%798.1K-14.0M-163.0K1.2210.10N/AN/A55668075,02098,668
2007-08-29$7.56$7.5028.8%8.2%38.9%36.6%28.8%5.7%0.6%886.8K-19.7M-163.8K4.0611.64N/AN/A6827674,95299,004
2007-08-30$7.47$7.5028.2%8.1%39.3%35.3%27.9%4.3%2.3%850.8K-15.7M-163.3K0.4511.29N/AN/A38417275,01298,836
2007-08-31$7.62$7.5028.0%8.0%37.7%34.7%28.0%4.2%1.8%931.6K-22.0M-159.4K2.6314.30N/AN/A3841,00874,76898,664