TJX Options History — July 2008

In July 2008, TJX traded between $7.78 and $8.82. ATM implied volatility averaged 40.7%, placing in the 48.4% IV rank vs the trailing year. The 30-day expected move averaged 11.9%. IV traded above realized volatility by 5.4% (HV 20d: 35.4%). Max pain ranged from $7.50 to $8.75. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 1.51.

Notable Days

  • 2008-07-21: Highest Volume — 79,828 contracts
  • 2008-07-09: Largest IV spike — 31.5% change
  • 2008-07-25: Highest IV Rank — 71.5%
  • 2008-07-25: Largest Expected Move — 14.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.23$7.78$8.82$7.98$8.43
Max Pain$8.41$7.50$8.75$7.50$8.75
ATM IV40.7%28.8%50.5%32.6%42.2%
Expected Move11.9%9.4%14.5%9.4%12.1%
HV 20d35.4%30.4%40.4%34.9%39.6%
HV 60d33.3%31.3%35.2%32.0%34.7%
IV Rank48.4%20.1%71.5%29.2%51.9%
IV Percentile74.0%15.1%97.6%37.7%80.2%
Term Structure-3.1%-6.6%5.8%5.8%-6.4%
VWIV41.8%25.7%50.3%33.1%42.2%
Skew 25d8.5%-3.9%16.3%0.2%12.1%
Skew 10d14.7%-4.5%40.5%-1.1%21.1%
Call IV 25d34.5%23.6%41.5%33.3%37.1%
Put IV 25d43.0%33.2%52.4%33.5%49.2%
Bid-Ask Spread %18.797.4735.9414.1216.73
Gamma HHI0.680.490.890.770.60
Net GEX2.6M1.1M7.7M2.0M2.7M
Net DEX-51.3M-129.4M-28.0M-45.5M-50.8M
Net VEX-358.5K-471.7K-260.9K-308.0K-471.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.510.0611.980.301.64
Total Volume13,907.81847679,8283,800476
Total OI310,730.909220,892382,800308,876309,684

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-07-01$7.98$7.5032.6%9.4%34.9%29.2%33.1%0.2%5.8%2.0M-45.5M-308.0K0.3014.12N/AN/A2,932868210,60498,272
2008-07-02$7.81$7.5035.3%10.1%35.7%35.5%25.7%-2.3%1.8%1.5M-31.4M-304.3K1.587.47N/AN/A1,8402,908212,15298,496
2008-07-03$7.81$7.5033.5%9.6%34.6%31.4%33.3%9.9%4.1%1.4M-29.0M-289.0K0.2210.03N/AN/A3,660792209,60899,068
2008-07-07$7.78$7.5036.0%11.5%31.4%37.1%38.2%11.0%-2.4%1.2M-28.0M-277.4K0.3125.94N/AN/A6,4802,008211,07699,244
2008-07-08$8.12$7.5028.8%11.6%34.7%20.1%37.4%4.6%-2.6%2.3M-54.6M-287.7K0.2523.68N/AN/A8,5482,104212,50899,404
2008-07-09$7.91$7.5037.8%11.9%34.7%41.5%40.4%-3.9%-2.8%1.5M-39.6M-281.8K11.9810.90N/AN/A2122,540214,772101,336
2008-07-10$7.91$8.7544.1%12.6%32.7%56.3%43.2%9.5%-4.5%1.4M-40.4M-274.1K0.8623.30N/AN/A4,6884,044214,900102,340
2008-07-11$7.84$8.7546.4%13.3%30.4%61.8%46.3%12.7%-4.3%1.3M-36.1M-285.9K1.7823.08N/AN/A5,3009,428218,048104,288
2008-07-14$8.07$8.7546.7%13.4%31.3%62.5%46.7%5.0%-4.8%1.8M-53.7M-271.3K0.9521.53N/AN/A8,1727,744218,760103,100
2008-07-15$8.15$8.7544.0%12.6%31.3%56.0%47.1%6.9%-6.6%1.1M-59.6M-260.9K0.1727.94N/AN/A17,3722,932221,164107,220
2008-07-16$8.54$8.7545.2%13.0%34.0%58.9%50.3%6.4%-5.4%5.4M-91.7M-318.0K0.6927.77N/AN/A7,0244,812238,060107,948
2008-07-17$8.82$8.7545.9%13.1%35.2%60.5%47.5%8.9%-3.5%7.7M-129.4M-325.4K5.3814.40N/AN/A7,65641,152238,004109,728
2008-07-18$8.63$8.7544.8%12.8%35.4%58.0%44.8%8.6%-2.9%7.7M-78.9M-374.3K0.0621.42N/AN/A25,1441,444240,928141,872
2008-07-21$8.53$8.7539.3%11.3%34.9%45.1%41.2%14.8%-3.2%1.4M-38.4M-378.0K0.3435.40N/AN/A59,72820,100146,08074,812
2008-07-22$8.75$8.7538.9%11.2%35.2%44.1%45.8%8.1%-2.5%2.6M-66.5M-467.7K0.4835.94N/AN/A2,8121,344199,72086,512
2008-07-23$8.50$8.7539.7%11.4%36.9%45.9%35.0%14.9%-3.8%2.4M-55.3M-457.6K0.8112.09N/AN/A5,7324,628200,75687,488
2008-07-24$8.21$8.7541.9%12.0%38.4%51.3%48.4%9.6%-5.3%2.1M-35.0M-447.5K1.7610.42N/AN/A1,1842,084205,36488,692
2008-07-25$8.12$8.7550.5%14.5%37.9%71.5%45.0%9.4%-6.0%2.0M-29.5M-432.3K1.6512.61N/AN/A5,2888,716205,68889,208
2008-07-28$8.14$8.7540.1%11.5%37.9%47.0%41.6%11.6%-4.9%2.0M-29.0M-440.1K0.9511.69N/AN/A1,4561,384209,32093,952
2008-07-29$8.51$8.7540.5%11.6%40.4%47.9%42.5%13.6%-3.6%2.6M-53.3M-468.0K0.8714.06N/AN/A576500210,30092,376
2008-07-30$8.54$8.7541.6%11.9%40.2%50.6%44.9%16.3%-4.7%2.6M-52.6M-465.5K0.2712.93N/AN/A6,4041,756210,76492,464
2008-07-31$8.43$8.7542.2%12.1%39.6%51.9%42.2%12.1%-6.4%2.7M-50.8M-471.7K1.6416.73N/AN/A180296215,66494,020