TJX Options History — May 2020

In May 2020, TJX traded between $43.86 and $55.27. ATM implied volatility averaged 45.7%, placing in the 32.5% IV rank vs the trailing year. The 30-day expected move averaged 13.0%. IV traded below realized volatility by 10.7% (HV 20d: 56.4%). Max pain ranged from $45.00 to $47.50. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.87.

Notable Days

  • 2020-05-21: Highest Volume — 32,581 contracts
  • 2020-05-11: Largest IV spike — 35.1% change
  • 2020-05-12: Highest IV Rank — 42.7%
  • 2020-05-14: Largest Expected Move — 15.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.75$43.86$55.27$48.05$52.97
Max Pain$46.38$45.00$47.50$47.50$47.50
ATM IV45.7%38.7%55.2%46.0%41.5%
Expected Move13.0%11.1%15.1%13.2%11.6%
HV 20d56.4%49.2%73.8%73.8%51.7%
HV 60d81.0%79.5%82.9%79.5%81.9%
IV Rank32.5%25.0%42.7%32.8%28.0%
IV Percentile84.0%77.8%90.9%86.5%79.0%
Term Structure-1.5%-15.2%6.0%4.6%-1.5%
VWIV46.7%39.1%62.6%49.3%39.8%
Skew 25d8.4%-0.3%11.5%10.0%-0.3%
Skew 10d21.1%4.0%29.9%14.8%23.9%
Call IV 25d43.8%36.4%61.8%42.8%46.0%
Put IV 25d52.2%43.8%65.1%52.8%45.7%
Bid-Ask Spread %29.2513.8046.6546.6528.47
Gamma HHI0.130.100.170.100.16
Net GEX3.4M-1.0M7.7M894.2K7.0M
Net DEX-78.9M-228.4M41.4M2.6M-175.2M
Net VEX-1.1M-1.3M-923.2K-1.0M-1.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.056.741.851.12
Total Volume12,824.152,15832,5815,8908,470
Total OI139,799.65118,539162,927118,539162,927

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-05-01$48.05$47.5046.0%13.2%73.8%32.8%49.3%10.0%4.6%894.2K2.6M-1.0M1.8546.65N/AN/A2,0643,82665,22653,313
2020-05-04$47.76$47.5048.0%14.5%69.3%35.0%47.1%10.1%-2.9%866.5K3.6M-1.0M0.1524.61N/AN/A7,7251,18366,60556,416
2020-05-05$47.99$47.5046.5%14.3%56.3%33.4%49.9%7.9%-1.2%646.7K3.1M-1.0M0.7339.10N/AN/A1,24491464,34556,614
2020-05-06$47.81$47.5044.6%14.1%55.5%31.3%62.6%11.4%-1.8%646.8K6.6M-1.0M2.1333.85N/AN/A1,4313,05164,54657,081
2020-05-07$48.85$47.5039.0%12.6%53.9%25.3%50.3%11.4%-0.7%1.1M-6.7M-1.0M6.7438.13N/AN/A1,2598,48565,21859,838
2020-05-08$48.65$47.5040.8%13.0%53.8%27.2%41.5%11.5%-1.6%1.1M-7.1M-986.0K0.1834.65N/AN/A6,3001,16465,61355,895
2020-05-11$48.34$47.5055.0%12.9%53.2%42.6%51.6%10.2%-2.5%1.2M-5.4M-954.8K0.5232.24N/AN/A3,5841,86468,04356,538
2020-05-12$46.20$47.5055.2%13.4%52.6%42.7%48.7%9.1%-2.0%-312.2K23.3M-923.2K0.9635.67N/AN/A2,3752,27868,67957,431
2020-05-13$43.86$47.5052.4%15.0%54.5%39.7%51.5%9.5%-3.0%-1.0M41.4M-941.6K0.2836.78N/AN/A22,1166,11769,59558,678
2020-05-14$44.48$45.0052.5%15.1%52.7%39.9%51.5%11.1%-2.1%1.0M5.9M-1.0M0.1932.02N/AN/A11,5382,24890,82959,730
2020-05-15$46.26$45.0049.4%14.2%49.2%36.5%50.0%8.6%-2.4%3.1M-40.8M-1.1M0.1024.24N/AN/A24,0312,35698,16060,611
2020-05-18$50.10$45.0045.7%13.1%56.2%32.5%47.9%6.9%-2.5%5.5M-140.1M-1.3M0.0515.78N/AN/A28,7531,30195,80853,872
2020-05-19$50.62$45.0045.3%13.0%54.2%32.1%44.8%8.2%-1.6%4.5M-116.9M-1.2M0.2140.48N/AN/A5,2531,12386,65954,254
2020-05-20$50.89$45.0047.5%13.6%54.2%34.4%46.9%8.6%6.0%4.4M-120.4M-1.2M0.2427.25N/AN/A23,1485,66186,32254,439
2020-05-21$54.20$45.0038.7%11.1%57.4%25.0%41.4%8.1%0.8%7.5M-216.6M-1.3M0.3016.55N/AN/A24,9957,58697,78757,585
2020-05-22$53.39$45.0039.5%11.3%57.9%25.8%39.1%7.1%0.7%6.6M-180.9M-1.3M0.1813.80N/AN/A8,0211,48493,46659,629
2020-05-26$55.18$45.0038.8%11.1%58.0%25.0%39.3%7.4%-0.7%7.5M-223.1M-1.3M0.2723.99N/AN/A5,3261,44597,03159,874
2020-05-27$55.27$45.0039.5%11.3%57.6%25.8%40.3%7.3%-1.1%7.7M-228.4M-1.3M0.8819.49N/AN/A5,3564,69196,65660,238
2020-05-28$54.19$47.5048.0%11.4%55.0%35.0%39.6%3.4%-15.2%7.2M-203.6M-1.3M0.2521.32N/AN/A5,3601,35797,84662,596
2020-05-29$52.97$47.5041.5%11.6%51.7%28.0%39.8%-0.3%-1.5%7.0M-175.2M-1.3M1.1228.47N/AN/A3,9904,48099,81463,113