TJX Options History — November 2020

In November 2020, TJX traded between $51.42 and $64.33. ATM implied volatility averaged 37.0%, placing in the 23.0% IV rank vs the trailing year. The 30-day expected move averaged 10.7%. IV traded below realized volatility by 18.0% (HV 20d: 55.0%). Max pain ranged from $52.50 to $54.50. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.48.

Notable Days

  • 2020-11-18: Highest Volume — 63,337 contracts
  • 2020-11-18: Largest IV drop — 19.5% change
  • 2020-11-02: Highest IV Rank — 34.9%
  • 2020-11-02: Largest Expected Move — 15.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$59.60$51.42$64.33$51.42$62.86
Max Pain$52.75$52.50$54.50$54.50$52.50
ATM IV37.0%31.6%48.0%48.0%32.7%
Expected Move10.7%8.9%15.2%15.2%9.7%
HV 20d55.0%32.6%62.8%32.6%57.1%
HV 60d41.7%35.0%45.5%35.0%43.2%
IV Rank23.0%17.2%34.9%34.9%18.4%
IV Percentile46.1%25.8%83.3%83.3%29.8%
Term Structure-0.7%-2.2%1.2%-0.8%0.7%
VWIV37.8%31.4%53.4%49.9%33.8%
Skew 25d3.6%1.8%7.4%7.4%2.6%
Skew 10d7.9%3.1%15.6%14.4%5.2%
Call IV 25d36.0%30.5%44.8%44.8%32.2%
Put IV 25d39.7%34.1%52.3%52.3%34.9%
Bid-Ask Spread %36.3017.4358.2140.3820.73
Gamma HHI0.140.090.220.090.14
Net GEX14.0M-482.6K26.7M-158.8K16.8M
Net DEX-382.5M-616.4M8.1M8.1M-491.2M
Net VEX-1.4M-1.6M-1.3M-1.3M-1.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.480.041.220.360.43
Total Volume18,256.83,08463,3374,5336,403
Total OI219,024.7185,728250,272206,356231,185

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-11-02$51.42$54.5048.0%15.2%32.6%34.9%49.9%7.4%-0.8%-158.8K8.1M-1.3M0.3640.38N/AN/A3,3401,193130,04476,312
2020-11-03$54.05$54.5046.1%13.3%38.0%32.8%53.4%6.2%-1.4%2.7M-101.3M-1.4M0.3056.42N/AN/A4,2491,270130,04476,312
2020-11-04$53.46$53.5041.1%13.7%36.1%27.5%46.8%4.8%-0.8%-482.6K-67.9M-1.3M0.2458.21N/AN/A5,1491,238131,83977,853
2020-11-05$54.77$52.5039.2%10.8%37.5%25.4%39.0%4.6%-1.2%3.9M-131.6M-1.3M0.4057.27N/AN/A2,200884131,82178,558
2020-11-06$54.00$52.5039.0%10.7%37.7%25.2%39.1%3.9%-2.1%8.6M-106.2M-1.3M1.2239.58N/AN/A4,5875,616132,14078,611
2020-11-09$61.59$52.5037.2%10.3%61.0%23.2%39.4%1.8%-1.2%17.4M-437.3M-1.3M0.0442.64N/AN/A50,2202,050123,41662,312
2020-11-10$62.22$52.5039.5%10.8%60.9%25.7%38.8%4.5%-2.2%16.2M-541.9M-1.4M0.7240.37N/AN/A7,3315,281140,32162,783
2020-11-11$60.25$52.5037.2%10.6%62.3%23.3%37.0%2.9%-0.1%17.1M-446.3M-1.4M0.5936.99N/AN/A9,4835,597143,24263,568
2020-11-12$59.01$52.5040.2%11.0%62.8%26.5%39.1%3.4%-1.3%15.6M-397.5M-1.4M0.4226.52N/AN/A6,5352,761149,58667,442
2020-11-13$59.89$52.5038.4%10.8%62.8%24.5%37.9%3.1%-0.8%19.3M-439.6M-1.5M1.0243.83N/AN/A14,03814,338153,06468,729
2020-11-16$60.95$52.5038.4%11.1%61.8%24.6%38.5%3.8%1.2%16.1M-472.4M-1.4M0.8740.56N/AN/A7,0346,093155,56170,721
2020-11-17$60.98$52.5039.6%11.3%61.8%25.9%38.1%3.5%-1.2%16.4M-477.6M-1.4M0.5641.60N/AN/A18,75910,424158,64574,769
2020-11-18$62.69$52.5031.9%9.1%62.2%17.5%31.4%4.0%-0.0%26.7M-616.4M-1.3M0.2431.41N/AN/A50,94512,392166,63783,635
2020-11-19$61.40$52.5032.3%9.3%62.7%18.0%33.0%2.9%-1.1%22.2M-494.7M-1.4M0.6830.26N/AN/A8,3575,663162,39680,268
2020-11-20$60.80$52.5031.6%9.1%62.8%17.2%32.0%3.0%-0.6%19.5M-458.7M-1.4M0.3424.68N/AN/A5,6721,917164,05582,884
2020-11-23$61.48$52.5031.6%8.9%60.8%17.2%31.6%2.6%-0.7%12.4M-400.1M-1.4M0.4917.43N/AN/A18,7639,134132,45560,095
2020-11-24$64.33$52.5032.3%9.2%62.1%17.9%32.3%1.8%-0.5%16.6M-564.7M-1.4M0.0823.73N/AN/A37,4822,988146,12567,045
2020-11-25$63.08$52.5031.7%9.3%58.6%17.3%32.3%2.4%-0.2%17.7M-508.6M-1.6M0.4629.36N/AN/A4,7232,169162,67168,716
2020-11-27$62.86$52.5031.6%8.9%58.8%17.2%31.8%3.4%0.1%15.9M-505.0M-1.5M0.0823.96N/AN/A8,224634164,54470,090
2020-11-30$62.86$52.5032.7%9.7%57.1%18.4%33.8%2.6%0.7%16.8M-491.2M-1.5M0.4320.73N/AN/A4,4841,919163,16868,017