TJX Options History — March 2023

In March 2023, TJX traded between $73.84 and $78.22. ATM implied volatility averaged 23.5%, placing in the 9.1% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 7.5% (HV 20d: 16.0%). Max pain ranged from $75.00 to $80.00. Net GEX was positive for 17 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 0.77.

Notable Days

  • 2023-03-22: Highest Volume — 21,180 contracts
  • 2023-03-10: Largest IV spike — 8.9% change
  • 2023-03-15: Highest IV Rank — 21.9%
  • 2023-03-15: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$75.80$73.84$78.22$76.73$78.22
Max Pain$75.76$75.00$80.00$80.00$75.00
ATM IV23.5%20.8%26.8%22.8%20.8%
Expected Move6.7%5.9%7.4%6.7%5.9%
HV 20d16.0%12.8%18.6%15.7%18.6%
HV 60d17.2%16.1%18.1%16.2%18.1%
IV Rank9.1%0.0%21.9%2.7%0.0%
IV Percentile6.4%0.0%20.6%0.8%0.0%
Term Structure-0.1%-1.0%0.6%-0.0%0.5%
VWIV23.7%20.4%26.2%23.8%20.4%
Skew 25d4.6%3.8%5.4%4.3%4.2%
Skew 10d9.3%7.8%11.7%9.4%8.1%
Call IV 25d21.6%18.6%25.0%21.2%18.6%
Put IV 25d26.2%22.9%29.9%25.6%22.9%
Bid-Ask Spread %10.765.7821.307.308.11
Gamma HHI0.110.090.260.110.15
Net GEX6.6M-4.4M35.3M12.7M18.8M
Net DEX-46.1M-185.3M49.1M-58.9M-185.3M
Net VEX-1.3M-1.5M-1.2M-1.3M-1.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.052.610.201.06
Total Volume6,726.2172,14621,18017,3492,146
Total OI138,593.696105,647153,925153,660141,111

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$76.73$80.0022.8%6.7%15.7%2.7%23.8%4.3%-0.0%12.7M-58.9M-1.3M0.207.30N/AN/A14,4772,87295,06758,593
2023-03-02$76.72$80.0022.6%6.6%14.7%1.9%23.9%4.6%-0.2%9.3M-54.6M-1.3M0.426.53N/AN/A2,9011,21193,09660,501
2023-03-03$77.72$80.0021.1%6.1%12.8%0.0%21.2%4.5%-0.3%35.3M-118.2M-1.3M0.196.84N/AN/A10,5771,95993,54760,378
2023-03-06$78.12$75.0021.5%6.3%13.0%1.6%21.2%4.1%0.0%11.6M-111.6M-1.3M0.417.15N/AN/A1,68669484,96254,047
2023-03-07$77.20$77.5022.0%6.2%13.5%3.6%21.6%4.4%-0.4%7.2M-75.4M-1.3M0.375.78N/AN/A2,29183985,20054,302
2023-03-08$77.09$75.0022.0%6.2%13.3%3.6%25.0%3.8%0.2%6.8M-65.1M-1.3M0.9010.79N/AN/A2,9372,64186,01054,387
2023-03-09$74.68$75.0023.9%6.8%16.5%10.8%25.1%3.9%-0.3%-1.7M20.0M-1.2M2.1111.76N/AN/A2,0644,35487,60456,234
2023-03-10$74.24$75.0026.1%7.2%15.7%19.0%25.4%4.6%-0.8%-4.4M39.8M-1.2M0.437.04N/AN/A4,0701,74988,68657,124
2023-03-13$73.84$75.0026.6%7.4%15.4%20.9%26.2%5.1%-0.8%-4.0M49.1M-1.2M1.4217.16N/AN/A3,1434,45384,84158,075
2023-03-14$74.44$75.0025.0%7.0%15.6%14.8%25.0%4.9%-0.6%-3.7M35.0M-1.2M0.6512.63N/AN/A2,3231,49986,10659,230
2023-03-15$73.88$75.0026.8%7.4%15.6%21.9%26.0%4.9%-0.9%-4.1M44.8M-1.2M2.3012.49N/AN/A2,4695,67787,77259,361
2023-03-16$74.41$75.0025.6%7.1%16.1%17.2%25.3%4.9%-1.0%-3.5M28.7M-1.2M2.6112.39N/AN/A1,8944,93788,78761,584
2023-03-17$74.44$75.0026.3%7.4%16.1%19.9%24.6%5.4%-0.7%352.7K32.9M-1.3M0.977.51N/AN/A3,7463,62390,54761,470
2023-03-20$75.19$75.0024.9%7.1%16.7%14.5%24.3%5.4%-0.2%2.3M-39.8M-1.3M0.5611.48N/AN/A2,7101,51162,27643,371
2023-03-21$76.43$75.0023.3%6.7%17.5%8.5%24.1%4.9%0.2%4.4M-73.5M-1.4M0.3712.60N/AN/A2,65398963,97144,695
2023-03-22$75.75$75.0022.6%6.5%16.6%5.9%20.8%4.6%0.6%3.8M-61.6M-1.4M0.0516.76N/AN/A20,21496666,16045,048
2023-03-23$74.65$75.0024.1%6.9%17.2%11.5%24.2%5.3%-0.2%3.8M-32.5M-1.4M0.9211.28N/AN/A2,1061,94685,59445,360
2023-03-24$74.81$75.0024.1%6.9%17.3%11.4%24.4%5.0%0.3%5.3M-41.3M-1.4M0.3012.15N/AN/A4,4941,34686,19045,965
2023-03-27$75.37$75.0023.3%6.7%17.5%8.5%23.2%4.7%0.4%8.3M-66.2M-1.4M0.1812.78N/AN/A4,88887188,43345,607
2023-03-28$76.00$75.0022.9%6.3%17.8%7.0%22.2%4.5%0.2%11.2M-92.3M-1.5M0.1721.30N/AN/A4,47676690,80946,030
2023-03-29$76.59$75.0021.5%6.0%18.0%1.7%23.5%4.5%0.4%15.4M-113.7M-1.4M0.439.13N/AN/A1,83678592,77146,729
2023-03-30$76.81$75.0021.7%6.0%18.0%2.3%24.3%4.3%0.4%16.5M-120.2M-1.5M0.766.55N/AN/A5,0573,85792,57447,450
2023-03-31$78.22$75.0020.8%5.9%18.6%0.0%20.4%4.2%0.5%18.8M-185.3M-1.5M1.068.11N/AN/A1,0421,10493,33447,777