TJX Options History — February 2020

In February 2020, TJX traded between $58.80 and $63.91. ATM implied volatility averaged 24.5%, placing in the 48.9% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 2.3% (HV 20d: 22.2%). Max pain ranged from $60.00 to $62.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.57.

Notable Days

  • 2020-02-26: Highest Volume — 20,792 contracts
  • 2020-02-27: Largest IV spike — 30.7% change
  • 2020-02-27: Highest IV Rank — 100.0%
  • 2020-02-28: Largest Expected Move — 12.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$62.16$58.80$63.91$60.45$58.80
Max Pain$61.45$60.00$62.50$62.50$62.50
ATM IV24.5%17.7%43.7%20.2%43.7%
Expected Move7.3%5.3%12.5%5.8%12.5%
HV 20d22.2%17.7%37.9%17.7%37.9%
HV 60d16.2%14.3%23.5%14.8%23.5%
IV Rank48.9%13.7%100.0%27.8%100.0%
IV Percentile70.9%21.4%100.0%59.1%100.0%
Term Structure-2.0%-6.9%4.0%3.9%-6.9%
VWIV25.2%18.3%46.6%18.8%46.6%
Skew 25d3.8%1.4%11.8%2.9%11.8%
Skew 10d7.5%2.6%25.0%5.6%25.0%
Call IV 25d23.9%18.0%40.4%18.6%40.4%
Put IV 25d27.7%19.4%52.1%21.5%52.1%
Bid-Ask Spread %17.3210.8031.3811.3820.27
Gamma HHI0.270.130.510.200.13
Net GEX4.0M615.0K10.3M615.0K857.0K
Net DEX-73.1M-108.8M-7.7M-39.7M-7.7M
Net VEX-769.4K-948.1K-719.7K-740.9K-948.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.021.590.471.12
Total Volume4,787.21166820,7921,47111,671
Total OI75,468.52667,24288,36770,84588,367

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-02-03$60.45$62.5020.2%5.8%17.7%27.8%18.8%2.9%3.9%615.0K-39.7M-740.9K0.4711.38N/AN/A1,00446739,09731,748
2020-02-04$61.24$62.5020.1%5.8%18.3%27.7%19.4%1.9%3.9%1.4M-52.3M-739.9K0.3111.41N/AN/A2,04162739,06331,906
2020-02-05$62.31$62.5018.6%5.3%19.3%19.0%18.3%1.4%4.0%3.4M-72.4M-740.0K0.1313.02N/AN/A1,96726440,15831,637
2020-02-06$61.99$60.0018.1%6.5%19.2%15.8%22.2%2.8%-2.0%2.9M-68.3M-740.6K0.1710.80N/AN/A1,42523941,21731,788
2020-02-07$61.34$60.0017.7%6.4%19.2%13.7%22.7%3.1%-1.6%1.4M-54.7M-743.1K0.3731.38N/AN/A48818041,53431,849
2020-02-10$61.39$60.0017.8%6.5%19.2%14.4%22.7%2.7%-2.1%1.0M-55.0M-730.4K0.0215.27N/AN/A9402141,73031,907
2020-02-11$62.34$60.0018.3%6.6%20.0%17.2%22.7%2.8%-2.0%3.5M-75.3M-719.7K0.1314.99N/AN/A2,86337042,30831,911
2020-02-12$63.30$60.0023.5%6.7%20.7%46.7%22.2%3.3%-1.9%7.4M-96.0M-749.8K0.1812.36N/AN/A2,30541242,54232,161
2020-02-13$63.36$60.0024.2%6.9%20.2%51.0%22.7%3.0%-2.7%7.8M-99.1M-735.9K0.3720.00N/AN/A2,7381,00343,09332,200
2020-02-14$63.28$60.0023.4%6.7%19.8%46.1%22.4%3.0%-2.3%7.7M-97.4M-747.8K1.5514.53N/AN/A1,0281,59744,89432,539
2020-02-18$63.34$60.0024.9%7.1%19.8%54.8%24.5%3.0%-2.9%8.0M-98.6M-741.1K0.6023.46N/AN/A1,47288144,94433,840
2020-02-19$63.81$62.5023.3%6.7%19.8%45.7%23.9%2.9%-2.8%10.3M-108.8M-756.1K1.2521.96N/AN/A1,8292,28045,04634,281
2020-02-20$63.81$62.5024.2%6.9%19.8%51.0%24.0%3.3%-2.8%5.6M-102.0M-747.1K0.2721.83N/AN/A1,71646545,29832,850
2020-02-21$63.32$62.5026.4%7.6%20.0%63.5%26.4%3.2%-3.7%3.6M-93.7M-756.9K0.6715.47N/AN/A2,6751,78645,91233,088
2020-02-24$62.08$62.5029.1%8.4%19.8%79.1%28.6%4.6%-4.1%2.7M-73.0M-778.5K0.4611.04N/AN/A2,6031,19436,80030,442
2020-02-25$60.19$62.5031.9%9.1%22.7%94.8%30.7%5.3%-5.1%1.9M-44.7M-788.7K0.6519.11N/AN/A5,1933,38737,94030,776
2020-02-26$63.91$62.5025.9%7.4%31.3%60.6%26.6%5.4%-2.6%4.4M-107.4M-809.4K0.5713.87N/AN/A13,2277,56541,47032,341
2020-02-27$60.81$62.5033.8%9.7%36.3%100.0%33.5%6.2%-4.5%2.3M-43.5M-905.4K1.5926.84N/AN/A4,2526,78248,32336,902
2020-02-28$58.80$62.5043.7%12.5%37.9%100.0%46.6%11.8%-6.9%857.0K-7.7M-948.1K1.1220.27N/AN/A5,5066,16548,68439,683