TJX Options History — March 2020

In March 2020, TJX traded between $36.63 and $62.11. ATM implied volatility averaged 67.3%, placing in the 76.2% IV rank vs the trailing year. The 30-day expected move averaged 18.8%. IV traded below realized volatility by 6.0% (HV 20d: 73.3%). Max pain ranged from $57.50 to $62.50. Net GEX was positive for 7 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 1.14.

Notable Days

  • 2020-03-31: Highest Volume — 9,958 contracts
  • 2020-03-12: Largest IV spike — 70.8% change
  • 2020-03-06: Highest IV Rank — 100.0%
  • 2020-03-18: Largest Expected Move — 31.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.49$36.63$62.11$61.40$47.85
Max Pain$59.89$57.50$62.50$62.50$57.50
ATM IV67.3%27.7%108.1%31.4%72.0%
Expected Move18.8%8.0%31.0%9.0%20.7%
HV 20d73.3%39.3%109.2%40.2%107.5%
HV 60d45.5%25.0%66.3%25.0%66.3%
IV Rank76.2%43.7%100.0%56.5%61.1%
IV Percentile98.4%94.4%100.0%98.0%96.4%
Term Structure-9.0%-31.2%30.1%-4.6%-11.1%
VWIV69.4%30.9%119.2%34.3%72.9%
Skew 25d21.0%8.8%39.5%8.8%22.1%
Skew 10d42.9%13.6%68.0%14.4%42.5%
Call IV 25d57.9%25.1%96.6%28.9%62.0%
Put IV 25d78.9%34.3%128.1%37.7%84.2%
Bid-Ask Spread %43.2720.3275.1741.9444.87
Gamma HHI0.120.070.230.180.10
Net GEX319.3K-564.8K3.6M2.3M-227.4K
Net DEX51.1M-68.8M129.9M-47.2M51.2M
Net VEX-821.2K-1.1M-430.8K-946.8K-832.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.140.382.961.660.62
Total Volume5,597.5459529,9584,2579,958
Total OI107,269.90992,907117,85792,907114,119

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-03-02$61.40$62.5031.4%9.0%40.2%56.5%34.3%8.8%-4.6%2.3M-47.2M-946.8K1.6641.94N/AN/A1,5982,65951,76841,139
2020-03-03$60.99$62.5035.7%10.2%39.3%71.7%41.2%10.4%-4.5%1.9M-38.7M-959.8K0.3935.22N/AN/A6,1722,41652,09642,260
2020-03-04$62.11$62.5027.7%8.0%39.6%43.7%30.9%9.2%-3.3%3.6M-68.8M-1.0M0.3840.70N/AN/A69126157,18243,581
2020-03-05$59.48$60.0041.8%10.1%42.0%93.0%34.8%11.3%-4.8%1.3M-17.1M-1.0M1.2326.34N/AN/A1,6031,97357,25343,752
2020-03-06$58.14$60.0053.7%12.1%42.6%100.0%41.9%14.3%-6.5%805.5K421.1K-1.0M0.5739.81N/AN/A2,8781,65257,96244,261
2020-03-09$57.53$60.0058.4%13.3%42.6%100.0%50.4%14.6%-8.4%817.1K7.9M-1.0M1.2032.72N/AN/A2,5833,10659,39644,297
2020-03-10$57.43$60.0055.6%14.1%42.6%93.7%54.0%17.6%-10.2%565.1K9.2M-1.1M2.4823.83N/AN/A1,0502,60460,23646,191
2020-03-11$55.56$60.0053.6%15.4%43.2%89.0%60.7%17.2%-14.8%-237.7K39.3M-992.4K2.9620.32N/AN/A1,5494,59060,41347,132
2020-03-12$49.60$60.0091.6%26.3%56.9%100.0%86.9%29.8%-27.0%-101.9K74.4M-926.4K2.3429.03N/AN/A2,2185,18360,90848,986
2020-03-13$50.32$60.0074.0%21.2%57.5%76.9%73.5%35.4%-15.3%-564.8K90.6M-843.9K1.8846.93N/AN/A1,4372,70461,59047,904
2020-03-16$41.92$60.0097.9%28.1%83.4%100.0%99.7%29.8%-31.2%-481.2K124.4M-620.0K0.8938.34N/AN/A2,0431,81161,98248,941
2020-03-17$42.84$60.0087.8%25.2%84.5%87.8%90.1%32.1%-24.5%-459.5K118.5M-662.3K1.1552.68N/AN/A2,5342,91462,82549,021
2020-03-18$39.98$60.00108.1%31.0%85.6%100.0%119.2%31.5%-24.1%-283.8K112.1M-637.8K0.9234.76N/AN/A3,6573,35863,63350,112
2020-03-19$41.50$60.0092.5%26.5%87.9%83.2%106.7%39.5%-16.9%-281.6K112.1M-668.9K0.7854.25N/AN/A5,5484,32364,39150,924
2020-03-20$37.81$60.0065.4%18.7%91.3%53.9%72.6%17.8%11.7%-371.3K129.9M-516.0K0.7364.09N/AN/A3,9022,85665,39252,465
2020-03-23$36.63$60.0068.7%19.7%91.3%57.5%75.8%32.2%0.2%-305.9K115.8M-430.8K0.3855.68N/AN/A4,0231,52356,98746,899
2020-03-24$40.66$60.0067.6%19.4%102.4%56.3%71.0%17.2%-6.9%-341.7K104.5M-526.2K1.5446.59N/AN/A1,4312,19958,68646,912
2020-03-25$44.55$60.0078.5%22.5%106.1%68.1%84.7%19.7%-10.0%-229.1K69.1M-748.0K0.6236.13N/AN/A4,7222,93658,91547,546
2020-03-26$47.47$57.5082.9%23.8%109.2%72.8%87.3%22.9%-12.6%-117.5K49.3M-840.2K0.9053.74N/AN/A2,8322,54560,61048,321
2020-03-27$47.44$57.5077.7%22.3%109.0%67.2%80.7%12.7%-3.0%-57.4K43.7M-861.3K1.0858.88N/AN/A3,0393,27160,89848,857
2020-03-30$47.67$57.5057.1%16.4%107.3%45.1%56.7%15.9%30.1%-198.8K42.9M-879.3K0.4275.17N/AN/A1,96582962,27950,916
2020-03-31$47.85$57.5072.0%20.7%107.5%61.1%72.9%22.1%-11.1%-227.4K51.2M-832.7K0.6244.87N/AN/A6,1633,79563,00451,115