TJX Options History — February 2008

In February 2008, TJX traded between $7.43 and $8.33. ATM implied volatility averaged 36.2%, placing in the 45.8% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded below realized volatility by 2.5% (HV 20d: 38.7%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 1.38.

Notable Days

  • 2008-02-25: Highest Volume — 20,884 contracts
  • 2008-02-14: Largest IV spike — 93.0% change
  • 2008-02-05: Highest IV Rank — 66.1%
  • 2008-02-05: Largest Expected Move — 13.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.85$7.43$8.33$8.03$8.00
Max Pain$7.50$7.50$7.50$7.50$7.50
ATM IV36.2%22.5%46.1%43.6%33.6%
Expected Move10.9%7.5%13.0%12.5%9.6%
HV 20d38.7%33.4%44.2%43.9%34.0%
HV 60d38.4%36.5%40.0%39.7%36.5%
IV Rank45.8%17.6%66.1%61.1%40.4%
IV Percentile68.9%24.2%95.2%91.7%61.9%
Term Structure-0.3%-2.6%2.7%-0.2%0.7%
VWIV37.8%27.1%44.1%43.7%31.4%
Skew 25d7.0%4.4%9.6%8.9%5.2%
Skew 10d15.6%7.4%21.8%16.0%18.0%
Call IV 25d33.9%24.5%38.6%34.6%30.1%
Put IV 25d40.9%33.6%46.3%43.5%35.2%
Bid-Ask Spread %19.9912.4835.0019.3928.21
Gamma HHI0.560.380.940.390.74
Net GEX1.1M27.5K10.5M462.2K783.5K
Net DEX-17.4M-30.5M-1.3M-24.0M-23.6M
Net VEX-135.1K-189.2K-105.8K-127.5K-185.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.380.018.840.260.66
Total Volume6,358.866020,8846,348836
Total OI122,308.889,136141,796118,820141,796

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-02-01$8.03$7.5043.6%12.5%43.9%61.1%43.7%8.9%-0.2%462.2K-24.0M-127.5K0.2619.39N/AN/A5,0441,30467,42451,396
2008-02-04$7.86$7.5045.5%12.4%43.7%64.8%43.2%7.7%-1.5%501.4K-20.0M-130.2K0.1513.24N/AN/A2,61239671,36852,428
2008-02-05$7.78$7.5046.1%13.0%44.2%66.1%42.3%7.6%-2.3%461.6K-18.5M-129.7K0.2815.06N/AN/A64818070,73652,680
2008-02-06$7.72$7.5045.9%12.4%42.0%65.6%43.3%8.2%-0.7%468.1K-16.1M-128.6K5.5012.48N/AN/A2,09611,53671,06452,720
2008-02-07$7.82$7.5042.0%12.4%42.0%57.7%42.9%6.1%-1.6%310.9K-17.0M-138.0K8.8415.84N/AN/A1,0609,37272,10063,964
2008-02-08$7.58$7.5038.2%12.1%38.0%49.8%42.1%7.2%-0.7%455.4K-10.1M-134.7K1.5014.51N/AN/A9961,49672,50461,396
2008-02-11$7.72$7.5038.2%12.2%38.1%49.9%43.1%6.3%-2.5%467.4K-17.1M-129.8K1.9215.68N/AN/A3,3046,34872,85262,332
2008-02-12$7.67$7.5035.1%12.4%38.2%43.6%42.1%7.2%-2.5%946.5K-16.6M-126.6K0.3614.17N/AN/A1,07238874,12457,488
2008-02-13$7.75$7.5022.5%12.4%37.9%17.6%44.1%8.0%-2.6%549.3K-24.3M-120.4K2.6016.73N/AN/A20052073,68457,684
2008-02-14$7.48$7.5043.4%12.4%40.5%60.5%43.3%6.6%-2.6%1.6M-6.2M-121.8K0.4918.47N/AN/A44421673,65257,828
2008-02-15$7.51$7.5042.3%12.1%40.2%58.3%42.3%7.9%-1.8%10.5M-11.6M-118.7K0.9219.96N/AN/A4,0323,72073,60457,732
2008-02-19$7.43$7.5041.4%11.9%40.4%56.4%41.7%6.4%-2.4%27.5K-1.3M-106.7K0.9126.72N/AN/A1,9521,77247,14841,988
2008-02-20$7.79$7.5033.1%9.5%42.6%39.4%33.0%4.4%0.3%129.4K-8.9M-105.8K2.0718.82N/AN/A1,8803,89648,32042,264
2008-02-21$7.79$7.5033.9%9.7%35.2%41.1%33.3%6.3%1.7%77.6K-7.5M-109.4K0.1522.36N/AN/A3,01644048,96443,676
2008-02-22$8.12$7.5032.2%9.2%37.2%37.5%31.6%6.1%2.5%258.2K-15.0M-112.5K0.0822.25N/AN/A15,5961,24451,19243,948
2008-02-25$8.21$7.5026.6%7.6%35.7%26.1%29.6%6.2%2.7%521.1K-21.5M-134.0K0.1920.79N/AN/A17,5283,35664,98844,532
2008-02-26$8.33$7.5027.1%7.8%33.7%27.0%27.1%9.6%2.1%808.1K-29.8M-165.1K0.0119.97N/AN/A15,52813678,99246,940
2008-02-27$8.22$7.5026.1%7.5%33.9%25.1%28.6%7.4%2.4%965.1K-30.5M-188.2K0.5530.19N/AN/A1,48882092,18847,052
2008-02-28$8.15$7.5027.4%7.8%33.4%27.6%27.8%5.9%2.2%953.0K-29.1M-189.2K0.1535.00N/AN/A6129293,61647,812
2008-02-29$8.00$7.5033.6%9.6%34.0%40.4%31.4%5.2%0.7%783.5K-23.6M-185.3K0.6628.21N/AN/A50433293,96047,836