TJX Options History — April 2020

In April 2020, TJX traded between $40.89 and $52.08. ATM implied volatility averaged 54.5%, placing in the 42.0% IV rank vs the trailing year. The 30-day expected move averaged 15.2%. IV traded below realized volatility by 41.0% (HV 20d: 95.4%). Max pain ranged from $45.00 to $57.50. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.99.

Notable Days

  • 2020-04-30: Highest Volume — 19,376 contracts
  • 2020-04-08: Largest IV drop — 21.4% change
  • 2020-04-01: Highest IV Rank — 65.9%
  • 2020-04-01: Largest Expected Move — 21.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.36$40.89$52.08$44.20$49.30
Max Pain$47.50$45.00$57.50$57.50$47.50
ATM IV54.5%39.7%76.5%76.5%42.3%
Expected Move15.2%11.4%21.9%21.9%12.1%
HV 20d95.4%72.4%121.9%109.4%73.2%
HV 60d75.3%68.1%79.5%68.1%79.5%
IV Rank42.0%26.0%65.9%65.9%28.8%
IV Percentile90.3%84.5%96.8%96.8%84.9%
Term Structure-1.1%-10.9%5.7%-7.8%5.2%
VWIV55.9%41.9%82.6%82.6%48.3%
Skew 25d14.8%7.0%21.9%16.7%7.0%
Skew 10d35.0%3.0%67.8%44.8%17.3%
Call IV 25d48.3%37.7%74.4%74.4%42.2%
Put IV 25d63.1%46.1%91.0%91.0%49.2%
Bid-Ask Spread %55.3727.2778.4146.4127.27
Gamma HHI0.130.090.250.100.10
Net GEX695.9K-686.4K2.9M-368.8K1.9M
Net DEX33.7M-57.4M103.8M85.3M-19.9M
Net VEX-873.0K-1.0M-655.2K-749.3K-973.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.990.182.350.921.15
Total Volume6,023.38187519,3768,79219,376
Total OI117,252.47691,834153,355118,350102,717

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$44.20$57.5076.5%21.9%109.4%65.9%82.6%16.7%-7.8%-368.8K85.3M-749.3K0.9246.41N/AN/A4,5854,20764,62053,730
2020-04-02$43.60$47.5075.0%17.1%108.9%64.3%66.0%15.2%5.7%-288.0K93.1M-742.9K0.2472.69N/AN/A6,7541,62465,23756,145
2020-04-03$40.89$47.5071.8%19.8%110.3%60.9%61.5%18.1%-7.9%-33.4K103.8M-655.2K2.3578.41N/AN/A9702,27569,38355,907
2020-04-06$45.91$45.0066.5%17.3%120.0%55.1%61.3%21.9%-9.2%252.5K65.6M-799.7K1.3973.20N/AN/A2,4783,45669,80555,913
2020-04-07$47.23$45.0064.6%17.0%120.8%52.9%59.6%17.4%-6.3%365.2K57.4M-837.0K1.3245.98N/AN/A2,6363,48270,69357,893
2020-04-08$49.28$47.5050.7%14.5%121.9%38.0%55.2%20.9%0.7%593.0K38.4M-897.1K0.6060.66N/AN/A4,7562,87071,98960,009
2020-04-09$48.88$47.5051.8%14.8%115.1%39.0%59.6%21.0%0.2%587.1K35.2M-914.9K1.4958.92N/AN/A1,6142,40972,99961,374
2020-04-13$47.78$47.5059.5%17.1%115.2%47.4%54.4%18.1%-6.8%416.8K57.4M-862.3K0.4132.47N/AN/A4,5651,88473,03962,060
2020-04-14$50.11$47.5049.3%14.1%94.6%36.4%49.1%16.1%-2.6%1.2M29.8M-878.9K0.7264.22N/AN/A4,9443,57774,81063,270
2020-04-15$48.58$47.5053.1%15.2%95.5%40.5%52.5%16.6%-1.8%627.0K56.2M-889.0K1.7852.65N/AN/A2,0913,71774,73365,348
2020-04-16$46.43$47.5053.1%15.2%93.4%40.5%56.0%14.5%-3.7%-686.4K84.5M-855.4K0.2254.14N/AN/A11,6452,53075,76967,425
2020-04-17$49.50$47.5048.6%13.9%95.0%35.6%52.8%13.6%-0.3%1.5M30.9M-990.1K1.2954.96N/AN/A2,2682,93186,62066,735
2020-04-20$48.01$47.5054.2%15.5%88.4%41.7%60.0%13.2%-10.9%1.1M-4.4M-949.7K0.7749.11N/AN/A1,24395451,50740,327
2020-04-21$46.23$47.5057.0%16.4%88.9%44.8%55.7%11.6%0.8%624.9K12.7M-884.9K1.1357.15N/AN/A84895452,10341,082
2020-04-22$46.81$47.5049.1%14.1%81.9%36.2%54.9%12.9%3.4%624.6K12.8M-875.6K1.2257.42N/AN/A39448152,51541,381
2020-04-23$46.03$47.5052.4%15.0%75.9%39.7%53.7%10.8%1.2%406.5K19.1M-872.0K1.7664.19N/AN/A49987952,78241,692
2020-04-24$46.52$47.5043.8%12.6%72.4%30.5%52.2%13.1%3.4%435.9K20.4M-846.7K0.5841.40N/AN/A1,25372953,00141,982
2020-04-27$48.07$45.0042.6%12.2%73.4%29.1%47.2%14.4%3.2%1.0M941.0K-880.6K0.4349.91N/AN/A4,3631,87053,53842,271
2020-04-28$49.22$45.0042.6%12.2%73.8%29.2%48.7%10.1%5.1%1.6M-13.6M-950.0K0.9161.02N/AN/A2,3492,13355,91643,251
2020-04-29$52.08$47.5039.7%11.4%76.4%26.0%41.9%7.2%4.8%2.9M-57.4M-1.0M0.1860.56N/AN/A3,30459456,44544,286
2020-04-30$49.30$47.5042.3%12.1%73.2%28.8%48.3%7.0%5.2%1.9M-19.9M-973.7K1.1527.27N/AN/A9,01610,36058,29944,418