TJX Options History — May 2018

In May 2018, TJX traded between $40.91 and $45.09. ATM implied volatility averaged 21.1%, placing in the 23.2% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 1.6% (HV 20d: 19.5%). Max pain ranged from $41.25 to $42.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.91.

Notable Days

2018-05-21: Highest Volume — 40,116 contracts
2018-05-22: Largest IV drop — 32.2% change
2018-05-18: Highest IV Rank — 41.2%
2018-05-18: Largest Expected Move — 7.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$42.74	$40.91	$45.09	$41.72	$45.09
Max Pain	$42.22	$41.25	$42.50	$41.25	$42.50
ATM IV	21.1%	17.0%	25.5%	20.4%	17.9%
Expected Move	6.2%	4.9%	7.3%	5.9%	5.1%
HV 20d	19.5%	17.7%	22.2%	21.2%	19.0%
HV 60d	22.3%	19.0%	23.8%	23.8%	19.2%
IV Rank	23.2%	6.1%	41.2%	20.9%	9.9%
IV Percentile	52.6%	13.1%	82.9%	52.4%	23.4%
Term Structure	-1.9%	-4.8%	2.8%	2.8%	-0.1%
VWIV	21.8%	17.2%	25.7%	20.0%	18.7%
Skew 25d	2.8%	2.2%	3.9%	3.2%	2.3%
Skew 10d	6.6%	4.3%	11.8%	7.2%	5.5%
Call IV 25d	20.4%	16.0%	24.6%	18.5%	17.3%
Put IV 25d	23.2%	18.4%	27.2%	21.8%	19.6%
Bid-Ask Spread %	11.58	7.54	16.63	14.59	11.04
Gamma HHI	0.33	0.18	0.61	0.32	0.30
Net GEX	7.2M	3.3M	13.1M	6.2M	8.3M
Net DEX	-112.6M	-186.5M	-56.6M	-87.6M	-186.5M
Net VEX	-696.3K	-719.7K	-653.9K	-715.5K	-665.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.91	0.21	2.07	1.73	0.81
Total Volume	10,228.545	4,928	40,116	8,856	9,612
Total OI	112,037.091	98,620	129,054	102,070	129,054

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2018-05-01	$41.72	$41.25	20.4%	5.9%	21.2%	20.9%	20.0%	3.2%	2.8%	6.2M	-87.6M	-715.5K	1.73	14.59	N/A	N/A	3,244	5,612	60,084	41,986
2018-05-02	$41.84	$41.25	20.3%	5.8%	19.7%	20.2%	19.4%	3.0%	2.2%	6.5M	-91.4M	-715.0K	2.07	11.08	N/A	N/A	2,350	4,862	60,344	42,856
2018-05-03	$41.77	$42.50	20.1%	6.6%	19.3%	19.6%	23.0%	2.9%	-2.0%	6.3M	-87.8M	-719.5K	1.68	9.73	N/A	N/A	2,996	5,024	60,378	43,032
2018-05-04	$41.45	$42.50	19.6%	6.7%	18.4%	17.6%	22.9%	2.9%	-2.4%	5.9M	-76.2M	-718.3K	0.96	9.58	N/A	N/A	2,670	2,568	60,756	43,232
2018-05-07	$40.91	$42.50	20.5%	6.7%	18.9%	21.3%	24.0%	3.1%	-2.3%	5.0M	-56.6M	-698.6K	1.11	9.69	N/A	N/A	3,208	3,550	60,976	43,332
2018-05-08	$41.28	$42.50	20.7%	6.8%	18.9%	21.8%	22.6%	3.9%	-2.8%	5.8M	-67.4M	-706.2K	0.57	11.06	N/A	N/A	3,866	2,206	61,500	44,352
2018-05-09	$41.90	$42.50	23.3%	6.7%	19.6%	32.1%	23.8%	3.0%	-2.9%	7.5M	-94.2M	-705.8K	0.53	9.14	N/A	N/A	4,422	2,322	62,986	44,378
2018-05-10	$41.59	$41.25	23.8%	6.8%	19.7%	34.1%	24.1%	2.5%	-2.7%	6.7M	-82.8M	-701.6K	0.73	11.17	N/A	N/A	2,954	2,152	63,388	44,582
2018-05-11	$42.02	$41.25	22.9%	6.6%	18.7%	30.7%	24.2%	3.0%	-2.8%	8.3M	-100.9M	-698.4K	0.69	15.78	N/A	N/A	3,106	2,140	63,466	44,946
2018-05-14	$42.50	$41.25	23.9%	6.8%	17.8%	34.6%	23.8%	3.3%	-3.6%	9.1M	-120.8M	-673.4K	1.14	15.78	N/A	N/A	3,530	4,016	63,672	45,162
2018-05-15	$42.70	$42.50	24.6%	7.1%	17.7%	37.6%	24.6%	3.0%	-4.4%	9.0M	-129.7M	-664.1K	0.21	16.63	N/A	N/A	11,740	2,416	63,870	45,984
2018-05-16	$42.59	$42.50	25.1%	7.2%	17.7%	39.4%	24.6%	2.6%	-4.5%	7.8M	-103.7M	-677.5K	0.52	14.80	N/A	N/A	4,456	2,310	58,144	47,762
2018-05-17	$43.23	$42.50	25.0%	7.2%	18.0%	39.0%	25.7%	3.1%	-4.3%	7.2M	-128.6M	-653.9K	0.80	13.25	N/A	N/A	7,596	6,102	58,914	47,896
2018-05-18	$42.38	$42.50	25.5%	7.3%	19.5%	41.2%	25.4%	2.5%	-4.4%	13.1M	-82.4M	-698.4K	0.46	10.35	N/A	N/A	6,274	2,904	60,046	52,130
2018-05-21	$42.29	$42.50	25.1%	7.2%	19.4%	39.3%	25.4%	3.0%	-4.8%	3.3M	-80.1M	-688.4K	1.32	7.60	N/A	N/A	17,290	22,826	53,822	44,798
2018-05-22	$43.66	$42.50	17.0%	4.9%	22.2%	7.0%	18.5%	2.4%	-0.5%	6.0M	-130.2M	-704.3K	1.10	11.50	N/A	N/A	13,884	15,292	62,870	57,758
2018-05-23	$43.84	$42.50	17.3%	5.0%	22.2%	8.2%	17.8%	2.3%	-0.2%	6.7M	-136.5M	-719.7K	0.60	10.55	N/A	N/A	5,520	3,302	65,592	57,030
2018-05-24	$44.38	$42.50	17.4%	5.0%	21.4%	8.7%	17.3%	2.5%	-0.4%	7.3M	-157.7M	-697.3K	0.78	12.67	N/A	N/A	4,826	3,748	66,124	57,844
2018-05-25	$44.05	$42.50	17.0%	4.9%	21.0%	6.1%	17.2%	2.3%	0.2%	7.0M	-147.0M	-716.5K	0.72	13.28	N/A	N/A	2,966	2,150	66,992	58,808
2018-05-29	$44.17	$42.50	19.0%	5.4%	20.0%	14.2%	19.6%	2.5%	-0.5%	7.2M	-150.1M	-706.7K	1.20	7.89	N/A	N/A	2,240	2,688	67,408	59,114
2018-05-30	$44.88	$42.50	17.3%	4.9%	19.0%	7.2%	17.8%	2.2%	-0.4%	8.3M	-178.4M	-673.8K	0.30	7.54	N/A	N/A	6,216	1,872	67,934	59,514
2018-05-31	$45.09	$42.50	17.9%	5.1%	19.0%	9.9%	18.7%	2.3%	-0.1%	8.3M	-186.5M	-665.8K	0.81	11.04	N/A	N/A	5,300	4,312	69,408	59,646