TJX Options History — October 2008

In October 2008, TJX traded between $5.77 and $7.66. ATM implied volatility averaged 67.6%, placing in the 77.3% IV rank vs the trailing year. The 30-day expected move averaged 18.1%. IV traded above realized volatility by 10.3% (HV 20d: 57.3%). Max pain ranged from $6.25 to $8.75. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 1 of 23 days. Put/call ratio averaged 3.42.

Notable Days

  • 2008-10-01: Highest Volume — 19,092 contracts
  • 2008-10-20: Largest IV drop — 31.4% change
  • 2008-10-08: Highest IV Rank — 100.0%
  • 2008-10-24: Largest Expected Move — 22.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.70$5.77$7.66$7.66$6.69
Max Pain$7.39$6.25$8.75$8.75$6.25
ATM IV67.6%48.5%89.3%49.1%68.5%
Expected Move18.1%13.9%22.3%14.1%19.6%
HV 20d57.3%41.4%74.5%47.6%73.3%
HV 60d47.0%40.7%53.7%40.7%53.0%
IV Rank77.3%41.0%100.0%68.1%70.0%
IV Percentile97.5%90.9%100.0%96.4%95.2%
Term Structure-5.2%-12.1%0.6%-4.2%-3.9%
VWIV58.0%29.5%76.9%48.1%56.6%
Skew 25d17.5%-4.4%29.4%25.8%22.6%
Skew 10d34.1%-8.3%56.6%39.5%48.5%
Call IV 25d53.2%30.1%89.5%30.1%52.5%
Put IV 25d70.7%40.4%85.5%56.0%75.1%
Bid-Ask Spread %34.4119.3365.8621.4022.07
Gamma HHI0.320.250.410.380.25
Net GEX248.6K20.6K530.1K463.9K518.5K
Net DEX30.6M16.8M41.8M20.9M20.3M
Net VEX-205.1K-298.4K-121.9K-298.4K-191.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.420.0155.714.530.03
Total Volume7,542.6091,29619,09219,0928,784
Total OI282,003.13232,912322,328294,972255,952

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-10-01$7.66$8.7549.1%14.1%47.6%68.1%48.1%25.8%-4.2%463.9K20.9M-298.4K4.5321.40N/AN/A3,45215,640182,996111,976
2008-10-02$7.36$8.7552.7%15.1%42.1%76.6%40.2%0.1%-4.4%50.5K30.8M-290.0K0.3338.68N/AN/A5,6721,844185,828122,728
2008-10-03$7.47$8.7549.3%14.1%42.4%68.6%29.5%3.3%-3.6%210.3K25.8M-285.0K0.0139.09N/AN/A8,448120189,160116,188
2008-10-06$7.35$7.5055.4%14.7%41.4%82.9%56.9%26.1%-5.0%192.5K27.1M-280.6K1.0042.59N/AN/A6,9326,948192,560116,188
2008-10-07$6.96$7.5061.5%14.9%44.2%97.3%51.5%3.4%-4.3%107.9K33.8M-244.3K0.3842.58N/AN/A4,7841,808191,968113,688
2008-10-08$6.90$7.5072.1%16.7%43.6%100.0%61.1%4.4%-6.0%199.6K30.5M-243.7K0.6940.12N/AN/A3,3962,352195,540112,860
2008-10-09$6.29$7.5081.0%20.1%51.3%100.0%60.1%20.9%-4.8%71.8K41.8M-183.3K0.5664.77N/AN/A8,2804,648195,384113,680
2008-10-10$6.41$7.5082.2%21.8%52.6%100.0%71.5%-4.4%-9.1%125.4K37.8M-207.9K0.5265.86N/AN/A6,8363,532199,104113,432
2008-10-13$6.75$7.5089.3%20.0%57.3%100.0%76.9%14.4%-12.1%236.9K36.0M-209.8K0.3932.63N/AN/A932364202,468113,832
2008-10-14$6.78$7.5080.5%17.8%55.7%87.3%48.5%20.5%-5.9%259.3K31.6M-237.5K0.0721.87N/AN/A11,396804202,104114,004
2008-10-15$6.46$7.5082.5%18.1%54.7%90.3%52.8%17.7%-3.3%286.5K40.1M-178.9K7.9539.35N/AN/A1,36810,872208,044114,284
2008-10-16$6.90$7.5057.0%16.3%60.2%53.2%66.0%26.4%-1.4%378.3K32.9M-204.4K0.8334.80N/AN/A752624208,108108,748
2008-10-17$6.75$7.5070.7%20.3%60.4%73.1%57.8%22.9%-10.4%329.8K34.9M-199.3K0.3738.72N/AN/A5,8282,148207,740114,428
2008-10-20$6.89$7.5048.5%13.9%60.5%41.0%59.2%23.2%0.6%408.0K23.0M-207.2K2.8744.08N/AN/A1,2283,520142,27690,636
2008-10-21$6.70$7.5062.1%17.8%60.4%60.7%55.5%16.6%-6.6%305.8K26.7M-192.2K0.5624.17N/AN/A868484142,22092,832
2008-10-22$6.28$7.5061.9%17.7%63.4%60.4%60.6%22.2%-0.4%88.2K36.0M-140.0K55.7131.28N/AN/A683,788142,71693,096
2008-10-23$6.14$7.5066.7%19.1%62.6%67.3%47.1%21.8%-3.8%54.9K36.5M-135.7K0.7828.09N/AN/A2,8002,184142,72494,784
2008-10-24$5.91$7.5077.8%22.3%62.8%83.5%67.2%21.3%-10.0%20.6K36.3M-125.2K0.2425.38N/AN/A9,2122,184141,68494,512
2008-10-27$5.77$6.2576.2%21.9%61.1%81.2%70.6%29.4%-4.5%95.3K34.7M-121.9K0.1129.91N/AN/A4,844556150,37294,056
2008-10-28$6.34$6.2569.0%19.8%71.9%70.6%69.4%24.9%-6.3%254.5K31.3M-146.2K0.0920.54N/AN/A7,356664154,93294,148
2008-10-29$6.65$6.2571.8%20.6%74.5%74.7%69.4%19.1%-6.5%530.1K16.8M-200.5K0.3824.04N/AN/A2,004752160,91294,632
2008-10-30$6.67$6.2570.1%20.1%73.6%72.3%56.6%19.2%-3.4%529.8K19.0M-194.2K0.2119.33N/AN/A1,980424161,50895,040
2008-10-31$6.69$6.2568.5%19.6%73.3%70.0%0.0%22.6%-3.9%518.5K20.3M-191.0K0.0322.07N/AN/A8,524260160,94095,012