TJX Options History — August 2018

In August 2018, TJX traded between $48.23 and $54.93. ATM implied volatility averaged 18.9%, placing in the 14.5% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 2.8% (HV 20d: 16.1%). Max pain ranged from $47.50 to $50.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 0.87.

Notable Days

2018-08-20: Highest Volume — 44,836 contracts
2018-08-21: Largest IV drop — 33.8% change
2018-08-20: Highest IV Rank — 41.3%
2018-08-20: Largest Expected Move — 7.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$51.31	$48.23	$54.93	$48.23	$54.93
Max Pain	$49.02	$47.50	$50.00	$47.50	$50.00
ATM IV	18.9%	14.9%	25.7%	18.8%	15.4%
Expected Move	5.7%	4.3%	7.4%	5.4%	4.4%
HV 20d	16.1%	11.3%	21.9%	12.2%	21.2%
HV 60d	14.8%	13.2%	16.2%	14.7%	15.6%
IV Rank	14.5%	0.0%	41.3%	13.5%	1.9%
IV Percentile	33.3%	0.0%	89.7%	31.0%	0.8%
Term Structure	-0.4%	-3.6%	2.8%	2.8%	1.3%
VWIV	20.3%	15.8%	25.4%	18.3%	15.8%
Skew 25d	2.6%	1.8%	3.4%	2.7%	2.7%
Skew 10d	5.9%	4.0%	9.2%	7.9%	5.4%
Call IV 25d	18.9%	14.3%	24.5%	17.7%	14.3%
Put IV 25d	21.5%	17.0%	26.5%	20.4%	17.0%
Bid-Ask Spread %	13.14	7.13	29.27	14.22	7.13
Gamma HHI	0.42	0.34	0.63	0.44	0.37
Net GEX	17.0M	12.3M	33.1M	13.0M	14.8M
Net DEX	-314.6M	-476.5M	-179.9M	-179.9M	-476.5M
Net VEX	-809.6K	-895.5K	-694.9K	-884.4K	-694.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.87	0.07	2.59	0.61	1.50
Total Volume	12,501.565	4,582	44,836	6,284	8,338
Total OI	149,374.087	129,524	179,240	129,524	179,240

Daily Data (23 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
2018-08-01	$48.23	$47.50	18.8%	5.4%	12.2%	13.5%	18.3%	2.7%	2.8%	13.0M	-179.9M	-884.4K	0.61	14.22	N/A	N/A	3,898	2,386	86,574	42,950
2018-08-02	$48.69	$47.50	19.3%	5.5%	12.5%	15.5%	19.3%	2.3%	2.3%	14.1M	-204.8M	-895.5K	0.97	8.97	N/A	N/A	2,322	2,260	88,400	43,580
2018-08-03	$48.79	$47.50	19.6%	5.6%	12.4%	16.5%	21.6%	3.0%	2.0%	14.2M	-210.1M	-884.2K	0.66	12.08	N/A	N/A	3,122	2,058	88,422	43,744
2018-08-06	$49.06	$48.75	19.0%	6.3%	12.5%	14.4%	21.7%	2.1%	-1.1%	16.1M	-222.9M	-853.2K	0.56	13.64	N/A	N/A	4,134	2,300	88,540	43,868
2018-08-07	$49.40	$48.75	18.5%	6.1%	12.1%	12.4%	23.0%	3.0%	-1.0%	16.7M	-242.6M	-835.0K	0.98	12.22	N/A	N/A	3,822	3,748	89,354	44,162
2018-08-08	$49.95	$48.75	18.9%	6.4%	12.5%	13.8%	22.5%	3.3%	-2.1%	16.6M	-270.6M	-815.9K	0.34	11.84	N/A	N/A	6,202	2,118	90,260	46,144
2018-08-09	$49.99	$48.75	18.4%	6.3%	11.5%	11.8%	22.4%	3.1%	-1.6%	16.4M	-271.5M	-821.3K	0.46	8.47	N/A	N/A	4,224	1,960	90,358	46,370
2018-08-10	$50.25	$48.75	18.3%	6.5%	11.3%	11.2%	22.8%	2.2%	-1.7%	16.9M	-285.8M	-815.6K	0.78	18.41	N/A	N/A	3,258	2,552	90,166	46,820
2018-08-13	$49.73	$48.75	21.1%	6.9%	12.1%	22.7%	24.0%	2.9%	-2.6%	18.6M	-255.2M	-820.0K	0.36	14.16	N/A	N/A	5,302	1,916	90,774	47,340
2018-08-14	$50.55	$48.75	21.5%	6.8%	12.4%	24.4%	23.0%	3.4%	-2.2%	18.8M	-309.6M	-773.7K	0.09	12.90	N/A	N/A	21,186	1,848	93,248	47,482
2018-08-15	$49.58	$48.75	24.6%	7.0%	14.6%	36.8%	25.0%	2.9%	-1.9%	14.1M	-214.3M	-815.9K	0.56	12.99	N/A	N/A	4,438	2,490	82,844	47,874
2018-08-16	$49.80	$48.75	24.2%	6.9%	14.0%	35.3%	24.1%	2.7%	-2.7%	18.5M	-225.9M	-787.1K	0.38	13.31	N/A	N/A	5,564	2,130	83,056	49,690
2018-08-17	$50.16	$48.75	24.4%	7.0%	13.9%	36.2%	23.1%	3.0%	-2.6%	33.1M	-255.5M	-796.4K	0.07	29.27	N/A	N/A	26,616	1,904	85,206	48,348
2018-08-20	$50.84	$48.75	25.7%	7.4%	14.5%	41.3%	25.4%	2.0%	-3.6%	12.3M	-278.6M	-871.1K	0.62	10.87	N/A	N/A	27,706	17,130	93,906	43,688
2018-08-21	$53.30	$48.75	17.0%	4.9%	21.2%	6.2%	17.2%	2.5%	0.1%	18.8M	-413.3M	-797.4K	0.49	11.35	N/A	N/A	24,480	12,018	109,906	57,084
2018-08-22	$52.92	$50.00	16.2%	4.6%	21.6%	2.8%	16.7%	3.1%	1.2%	17.4M	-370.7M	-844.6K	1.14	14.34	N/A	N/A	6,696	7,636	108,394	58,840
2018-08-23	$53.70	$50.00	17.2%	4.9%	21.9%	7.0%	16.3%	2.7%	0.3%	16.9M	-408.8M	-787.4K	0.45	9.37	N/A	N/A	6,910	3,142	108,354	59,766
2018-08-24	$54.10	$50.00	14.9%	4.3%	21.0%	0.0%	16.8%	2.1%	1.2%	16.5M	-426.8M	-779.0K	1.44	13.62	N/A	N/A	5,780	8,306	108,894	60,552
2018-08-27	$53.77	$50.00	15.7%	4.5%	21.4%	3.1%	17.1%	2.3%	0.8%	16.6M	-412.9M	-794.8K	2.41	10.53	N/A	N/A	2,540	6,124	109,506	63,268
2018-08-28	$53.78	$50.00	15.7%	4.5%	21.5%	2.9%	17.1%	2.4%	1.0%	16.8M	-415.6M	-780.6K	1.68	12.47	N/A	N/A	2,854	4,804	109,500	65,530
2018-08-29	$54.30	$50.00	15.3%	4.4%	20.9%	1.3%	16.3%	1.8%	0.8%	16.1M	-449.1M	-725.9K	0.94	13.39	N/A	N/A	4,742	4,440	110,290	66,320
2018-08-30	$54.20	$50.00	15.7%	4.5%	21.0%	3.1%	17.3%	2.1%	0.8%	16.7M	-434.1M	-747.1K	2.59	16.73	N/A	N/A	2,822	7,310	110,472	66,520
2018-08-31	$54.93	$50.00	15.4%	4.4%	21.2%	1.9%	15.8%	2.7%	1.3%	14.8M	-476.5M	-694.9K	1.50	7.13	N/A	N/A	3,338	5,000	111,376	67,864