TJX Options History — May 2023

In May 2023, TJX traded between $75.98 and $79.41. ATM implied volatility averaged 23.5%, placing in the 15.8% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 7.7% (HV 20d: 15.8%). Max pain ranged from $75.00 to $77.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 1.00.

Notable Days

  • 2023-05-17: Highest Volume — 53,932 contracts
  • 2023-05-17: Largest IV drop — 33.8% change
  • 2023-05-16: Highest IV Rank — 32.9%
  • 2023-05-03: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$78.03$75.98$79.41$78.20$77.03
Max Pain$77.39$75.00$77.50$77.50$77.50
ATM IV23.5%18.5%28.3%23.6%19.9%
Expected Move6.9%5.3%8.7%7.6%6.0%
HV 20d15.8%14.6%17.2%15.1%15.6%
HV 60d15.9%15.5%16.4%15.5%16.2%
IV Rank15.8%0.0%32.9%12.9%6.2%
IV Percentile18.1%0.0%42.9%12.7%2.0%
Term Structure-0.2%-2.1%0.7%0.1%-0.1%
VWIV23.5%17.3%29.5%26.6%21.4%
Skew 25d4.6%3.9%5.3%3.9%3.9%
Skew 10d9.9%7.3%26.3%7.3%8.0%
Call IV 25d21.4%16.5%25.3%21.4%18.2%
Put IV 25d26.1%21.5%30.5%25.3%22.1%
Bid-Ask Spread %9.305.1815.168.957.14
Gamma HHI0.110.090.140.100.10
Net GEX6.1M1.4M15.8M5.5M3.7M
Net DEX-66.7M-117.4M5.7M-77.1M-34.1M
Net VEX-1.7M-1.7M-1.6M-1.6M-1.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.000.153.270.392.55
Total Volume8,393.2271,50653,9322,5012,385
Total OI132,935.864106,303178,320106,303147,847

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$78.20$77.5023.6%7.6%15.1%12.9%26.6%3.9%0.1%5.5M-77.1M-1.6M0.398.95N/AN/A1,80269962,12444,179
2023-05-02$78.05$77.5025.1%8.2%14.9%18.6%28.8%5.0%-0.6%5.3M-72.7M-1.6M0.9710.36N/AN/A1,5531,50063,58044,652
2023-05-03$77.91$77.5025.4%8.7%14.9%19.6%29.5%4.0%-0.6%4.7M-69.1M-1.6M3.2715.16N/AN/A8422,75464,08945,437
2023-05-04$76.93$75.0027.7%7.5%15.3%28.0%27.1%4.8%-0.8%1.4M-31.7M-1.6M2.855.52N/AN/A1,1513,28264,59147,855
2023-05-05$78.59$77.5025.5%7.3%17.1%19.9%25.4%4.9%-0.3%6.2M-84.7M-1.7M1.0813.39N/AN/A1,2171,31365,19250,590
2023-05-08$78.37$77.5026.7%7.5%17.2%24.6%26.8%5.2%-0.2%5.6M-75.8M-1.7M0.8211.93N/AN/A3,6643,00564,21548,336
2023-05-09$78.57$77.5026.5%7.7%17.2%23.7%24.9%5.1%0.5%6.1M-79.0M-1.7M0.635.93N/AN/A92458266,89950,863
2023-05-10$77.82$77.5026.8%7.5%15.1%24.8%24.5%5.3%-0.7%5.0M-63.1M-1.7M0.7512.40N/AN/A1,05179067,14251,085
2023-05-11$77.88$77.5027.1%7.7%15.0%25.8%26.7%5.0%-0.2%4.5M-64.0M-1.7M0.925.18N/AN/A1,7961,64567,33951,266
2023-05-12$79.10$77.5027.3%7.4%15.9%26.6%28.1%5.3%-2.1%10.9M-111.9M-1.7M0.979.95N/AN/A2,4082,33168,42352,113
2023-05-15$79.28$77.5028.0%7.9%15.9%30.8%26.4%5.3%-1.0%7.0M-113.7M-1.7M0.6612.89N/AN/A5,1493,40267,15951,969
2023-05-16$78.50$77.5028.3%8.0%16.3%32.9%24.4%5.0%-1.2%6.5M-89.6M-1.7M0.2311.15N/AN/A37,4268,79370,92054,126
2023-05-17$78.84$77.5018.8%5.4%16.4%0.0%18.1%4.2%0.7%9.3M-85.4M-1.7M0.506.42N/AN/A35,97117,961102,13967,434
2023-05-18$79.12$77.5018.5%5.3%16.0%0.0%17.8%4.5%0.6%15.8M-98.4M-1.7M0.378.27N/AN/A7,5072,763109,42268,898
2023-05-19$79.41$77.5018.6%5.3%16.0%0.1%17.3%5.1%0.4%12.0M-117.4M-1.7M0.516.72N/AN/A4,8932,481109,02069,255
2023-05-22$78.66$77.5019.3%5.6%16.4%3.2%19.4%4.0%0.4%8.6M-79.5M-1.7M1.107.16N/AN/A1,7611,94091,46148,938
2023-05-23$77.70$77.5019.8%5.9%15.6%5.4%20.5%4.5%0.3%4.9M-41.5M-1.7M1.078.70N/AN/A1,1961,28292,15249,652
2023-05-24$77.04$77.5021.4%6.3%15.7%13.0%20.1%4.8%0.2%3.5M-25.5M-1.6M0.157.78N/AN/A3,03745492,95149,553
2023-05-25$75.98$77.5021.7%6.4%14.6%14.5%20.1%4.5%0.0%1.6M5.7M-1.6M0.667.76N/AN/A1,9751,31397,15549,721
2023-05-26$77.03$77.5020.4%6.0%15.6%8.7%21.8%3.9%0.0%2.0M-30.7M-1.7M0.318.70N/AN/A3,9401,20998,95250,445
2023-05-30$76.70$77.5020.5%6.2%15.5%8.9%21.3%4.1%-0.6%3.5M-29.2M-1.6M1.2113.19N/AN/A1,5821,92296,81948,631
2023-05-31$77.03$77.5019.9%6.0%15.6%6.2%21.4%3.9%-0.1%3.7M-34.1M-1.6M2.557.14N/AN/A6721,71397,82050,027