TJX Options History — July 2018

In July 2018, TJX traded between $47.15 and $48.85. ATM implied volatility averaged 19.3%, placing in the 15.6% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 8.0% (HV 20d: 11.4%). Max pain ranged from $42.50 to $48.75. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.81.

Notable Days

2018-07-11: Highest Volume — 14,490 contracts
2018-07-26: Largest IV spike — 5.9% change
2018-07-02: Highest IV Rank — 25.5%
2018-07-02: Largest Expected Move — 6.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$48.06	$47.15	$48.85	$47.32	$48.65
Max Pain	$47.20	$42.50	$48.75	$42.50	$47.50
ATM IV	19.3%	17.5%	21.8%	21.8%	19.0%
Expected Move	5.6%	5.0%	6.2%	6.2%	5.4%
HV 20d	11.4%	10.1%	12.3%	10.6%	11.8%
HV 60d	16.1%	14.8%	17.0%	17.0%	14.9%
IV Rank	15.6%	8.3%	25.5%	25.5%	14.2%
IV Percentile	35.4%	12.7%	63.5%	63.5%	32.5%
Term Structure	1.1%	-0.9%	3.0%	0.7%	2.3%
VWIV	19.6%	16.8%	21.7%	20.7%	19.2%
Skew 25d	2.9%	2.3%	4.0%	3.4%	2.4%
Skew 10d	5.6%	3.2%	10.1%	7.4%	8.4%
Call IV 25d	18.2%	16.4%	20.9%	20.9%	17.8%
Put IV 25d	21.1%	19.0%	24.3%	24.3%	20.2%
Bid-Ask Spread %	34.67	11.15	71.66	13.81	11.15
Gamma HHI	0.38	0.27	0.66	0.29	0.40
Net GEX	14.0M	8.8M	25.0M	11.8M	12.3M
Net DEX	-239.7M	-375.3M	-169.2M	-233.7M	-183.4M
Net VEX	-803.0K	-890.5K	-750.5K	-890.5K	-826.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.81	0.16	2.00	2.00	0.24
Total Volume	7,514.19	3,514	14,490	4,978	12,866
Total OI	148,944.571	103,708	177,410	158,682	121,554

Daily Data (21 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
2018-07-02	$47.32	$42.50	21.8%	6.2%	10.6%	25.5%	20.7%	3.4%	0.7%	11.8M	-233.7M	-890.5K	2.00	13.81	N/A	N/A	1,658	3,320	101,462	57,220
2018-07-03	$47.58	$42.50	21.0%	6.0%	10.1%	22.2%	21.6%	3.2%	0.2%	12.1M	-243.8M	-888.4K	1.81	22.07	N/A	N/A	1,646	2,980	101,534	57,690
2018-07-05	$47.43	$48.75	21.1%	6.2%	10.1%	22.8%	21.7%	3.3%	-0.7%	12.1M	-239.7M	-856.3K	1.52	63.62	N/A	N/A	2,010	3,064	101,606	57,788
2018-07-06	$47.72	$48.75	20.2%	6.2%	10.2%	19.1%	21.7%	3.1%	-0.7%	13.3M	-251.9M	-829.3K	1.61	69.53	N/A	N/A	1,936	3,112	102,008	57,886
2018-07-09	$47.85	$48.75	20.6%	5.8%	10.3%	20.9%	20.4%	3.0%	0.1%	13.7M	-259.9M	-786.1K	0.29	64.63	N/A	N/A	6,092	1,760	102,188	58,008
2018-07-10	$47.48	$47.50	19.9%	5.7%	10.6%	17.8%	20.7%	3.1%	-0.9%	13.9M	-237.3M	-797.2K	0.99	70.76	N/A	N/A	2,256	2,224	103,800	58,146
2018-07-11	$47.66	$47.50	20.2%	5.8%	10.7%	18.9%	20.5%	2.7%	-0.3%	14.4M	-247.5M	-799.2K	0.16	70.29	N/A	N/A	12,496	1,994	104,270	58,628
2018-07-12	$47.15	$47.50	19.2%	5.5%	11.3%	14.9%	20.3%	4.0%	0.4%	13.9M	-226.2M	-789.9K	0.81	70.54	N/A	N/A	1,942	1,572	107,240	58,436
2018-07-13	$47.63	$47.50	19.9%	5.7%	11.8%	17.9%	19.9%	2.7%	-0.2%	15.9M	-253.5M	-760.4K	1.16	71.66	N/A	N/A	1,754	2,026	107,342	58,578
2018-07-16	$47.59	$47.50	19.3%	5.5%	11.8%	15.6%	18.2%	3.1%	0.4%	16.2M	-257.7M	-750.5K	0.19	68.91	N/A	N/A	9,516	1,788	107,484	58,868
2018-07-17	$48.26	$47.50	18.4%	5.3%	12.2%	11.9%	18.8%	3.1%	1.6%	21.3M	-318.5M	-778.3K	0.64	16.10	N/A	N/A	5,144	3,278	114,860	59,306
2018-07-18	$48.23	$47.50	18.0%	5.2%	12.0%	10.1%	19.4%	2.6%	1.4%	21.7M	-314.1M	-788.8K	0.57	14.40	N/A	N/A	4,202	2,414	116,240	60,646
2018-07-19	$48.85	$47.50	18.9%	5.4%	12.2%	13.7%	19.1%	2.5%	0.8%	25.0M	-375.3M	-752.1K	0.50	13.92	N/A	N/A	5,848	2,932	116,388	60,872
2018-07-20	$48.53	$47.50	18.1%	5.2%	12.3%	10.7%	17.8%	2.8%	2.1%	8.8M	-313.1M	-764.1K	0.22	14.40	N/A	N/A	7,930	1,772	116,472	60,938
2018-07-23	$48.80	$47.50	17.5%	5.0%	11.5%	8.3%	16.8%	2.5%	3.0%	10.1M	-184.2M	-765.3K	0.22	11.64	N/A	N/A	9,402	2,050	68,362	35,346
2018-07-24	$48.44	$47.50	18.1%	5.2%	11.8%	10.5%	18.4%	2.3%	2.7%	11.4M	-178.1M	-780.5K	0.54	11.15	N/A	N/A	4,070	2,184	74,170	36,122
2018-07-25	$48.71	$47.50	17.9%	5.1%	11.9%	9.8%	18.1%	2.9%	2.8%	12.0M	-187.0M	-794.2K	0.72	13.18	N/A	N/A	3,800	2,752	75,414	38,202
2018-07-26	$48.84	$47.50	18.9%	5.4%	11.6%	14.1%	19.2%	2.7%	2.0%	11.7M	-190.8M	-822.2K	0.72	12.27	N/A	N/A	3,334	2,386	76,690	39,372
2018-07-27	$48.27	$47.50	18.8%	5.4%	12.2%	13.3%	19.6%	2.5%	2.8%	11.0M	-169.2M	-800.6K	0.88	11.64	N/A	N/A	4,810	4,256	76,828	39,636
2018-07-30	$48.36	$47.50	19.3%	5.5%	12.2%	15.3%	19.9%	2.5%	2.6%	11.2M	-169.4M	-842.2K	1.20	12.49	N/A	N/A	3,276	3,946	78,494	41,742
2018-07-31	$48.65	$47.50	19.0%	5.4%	11.8%	14.2%	19.2%	2.4%	2.3%	12.3M	-183.4M	-826.2K	0.24	11.15	N/A	N/A	10,344	2,522	79,370	42,184