TJX Options History — January 2022

In January 2022, TJX traded between $67.61 and $77.04. ATM implied volatility averaged 28.7%, placing in the 40.4% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 5.9% (HV 20d: 22.8%). Max pain ranged from $65.00 to $75.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 1.04.

Notable Days

2022-01-24: Highest Volume — 20,028 contracts
2022-01-10: Largest IV spike — 18.8% change
2022-01-26: Highest IV Rank — 79.7%
2022-01-25: Largest Expected Move — 10.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$71.71	$67.61	$77.04	$75.71	$71.83
Max Pain	$71.00	$65.00	$75.00	$65.00	$70.00
ATM IV	28.7%	21.4%	37.9%	21.4%	33.8%
Expected Move	8.0%	5.9%	10.1%	5.9%	8.8%
HV 20d	22.8%	18.4%	26.3%	20.6%	25.4%
HV 60d	26.1%	24.3%	27.1%	24.6%	26.9%
IV Rank	40.4%	9.2%	79.7%	9.2%	63.1%
IV Percentile	59.2%	6.3%	98.0%	6.3%	89.7%
Term Structure	0.5%	-2.6%	4.9%	0.5%	1.4%
VWIV	28.2%	21.0%	35.6%	22.5%	31.6%
Skew 25d	4.4%	2.8%	8.1%	3.4%	8.1%
Skew 10d	10.3%	4.8%	26.6%	8.0%	11.8%
Call IV 25d	28.0%	20.5%	38.7%	21.0%	32.3%
Put IV 25d	32.4%	24.3%	44.8%	24.4%	40.4%
Bid-Ask Spread %	36.83	11.12	62.04	42.43	34.96
Gamma HHI	0.11	0.07	0.18	0.17	0.08
Net GEX	8.5M	436.2K	22.5M	20.8M	4.0M
Net DEX	-110.3M	-371.9M	44.5M	-320.1M	-51.3M
Net VEX	-1.4M	-1.5M	-1.2M	-1.4M	-1.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.04	0.63	1.73	0.95	1.43
Total Volume	11,283.35	7,371	20,028	10,435	9,823
Total OI	161,411.55	101,803	193,842	163,402	121,318

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-01-03	$75.71	$65.00	21.4%	5.9%	20.6%	9.2%	22.5%	3.4%	0.5%	20.8M	-320.1M	-1.4M	0.95	42.43	N/A	N/A	5,364	5,071	98,880	64,522
2022-01-04	$77.04	$65.00	21.4%	6.0%	18.4%	9.3%	21.0%	3.7%	1.2%	22.5M	-371.9M	-1.4M	0.63	16.38	N/A	N/A	7,839	4,947	101,478	67,409
2022-01-05	$75.59	$65.00	23.2%	6.3%	19.2%	16.7%	21.9%	3.1%	0.9%	18.7M	-302.5M	-1.4M	1.50	24.72	N/A	N/A	4,004	6,008	103,376	69,938
2022-01-06	$75.69	$75.00	23.4%	6.9%	19.0%	17.6%	25.0%	3.4%	1.0%	18.3M	-300.8M	-1.4M	1.69	45.63	N/A	N/A	3,228	5,447	103,933	71,954
2022-01-07	$74.52	$75.00	23.2%	6.9%	19.7%	16.7%	24.9%	3.4%	0.4%	13.7M	-233.6M	-1.4M	1.11	45.71	N/A	N/A	8,170	9,038	104,962	73,233
2022-01-10	$72.47	$75.00	27.5%	7.8%	21.7%	35.4%	28.1%	4.8%	-0.7%	10.8M	-140.3M	-1.4M	1.06	42.73	N/A	N/A	6,705	7,132	100,304	73,582
2022-01-11	$74.19	$72.50	25.5%	7.0%	22.7%	26.6%	24.7%	3.8%	-1.4%	14.9M	-222.9M	-1.4M	0.91	38.86	N/A	N/A	5,188	4,732	101,699	76,693
2022-01-12	$73.39	$72.50	25.3%	7.0%	23.0%	25.7%	24.8%	3.0%	-1.0%	12.9M	-174.2M	-1.4M	0.78	14.96	N/A	N/A	5,075	3,965	103,172	78,178
2022-01-13	$72.67	$72.50	25.9%	7.3%	23.2%	28.5%	25.9%	2.8%	-0.5%	11.6M	-151.0M	-1.4M	0.89	48.35	N/A	N/A	3,908	3,463	104,463	79,212
2022-01-14	$71.22	$72.50	26.3%	7.5%	23.9%	30.3%	26.4%	4.4%	-0.0%	7.6M	-59.5M	-1.3M	1.19	28.25	N/A	N/A	5,870	6,967	104,785	80,136
2022-01-18	$68.81	$72.50	28.0%	8.0%	26.3%	37.4%	28.4%	4.5%	4.1%	436.2K	24.1M	-1.2M	0.64	11.12	N/A	N/A	8,179	5,208	103,458	80,609
2022-01-19	$68.78	$72.50	26.8%	7.7%	25.2%	32.4%	27.5%	4.7%	4.9%	1.2M	17.4M	-1.2M	0.83	35.34	N/A	N/A	5,255	4,368	107,022	82,029
2022-01-20	$67.84	$72.50	28.6%	8.0%	23.4%	40.2%	28.1%	4.2%	2.2%	1.0M	31.7M	-1.2M	1.73	52.67	N/A	N/A	5,051	8,734	107,501	82,658
2022-01-21	$67.61	$72.50	31.4%	8.8%	23.4%	52.2%	31.1%	5.0%	0.5%	1.5M	44.5M	-1.2M	0.99	62.04	N/A	N/A	6,977	6,874	108,392	85,450
2022-01-24	$68.42	$70.00	34.4%	10.0%	24.0%	64.6%	35.0%	5.3%	1.5%	1.1M	27.5M	-1.2M	0.79	36.58	N/A	N/A	11,159	8,869	56,952	44,851
2022-01-25	$68.74	$70.00	37.4%	10.1%	24.0%	77.6%	35.6%	4.2%	-2.6%	1.8M	12.8M	-1.4M	0.83	36.35	N/A	N/A	4,818	3,997	65,925	51,450
2022-01-26	$68.96	$70.00	37.9%	10.0%	23.8%	79.7%	34.1%	5.1%	-1.6%	1.7M	10.5M	-1.5M	0.81	47.82	N/A	N/A	4,493	3,629	66,954	53,519
2022-01-27	$69.87	$70.00	36.5%	9.9%	24.2%	74.3%	34.7%	6.2%	-0.2%	2.6M	-9.9M	-1.5M	1.09	38.17	N/A	N/A	3,752	4,093	68,744	54,462
2022-01-28	$70.78	$70.00	35.3%	9.6%	24.9%	69.8%	33.5%	4.6%	-0.1%	3.5M	-35.8M	-1.5M	0.95	33.50	N/A	N/A	4,238	4,029	69,507	55,521
2022-01-31	$71.83	$70.00	33.8%	8.8%	25.4%	63.1%	31.6%	8.1%	1.4%	4.0M	-51.3M	-1.5M	1.43	34.96	N/A	N/A	4,041	5,782	68,079	53,239