TJX Options History — November 2023

In November 2023, TJX traded between $87.72 and $92.60. ATM implied volatility averaged 19.5%, placing in the 25.2% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 0.4% (HV 20d: 19.2%). Max pain ranged from $87.50 to $90.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.89.

Notable Days

  • 2023-11-14: Highest Volume — 39,783 contracts
  • 2023-11-15: Largest IV drop — 25.0% change
  • 2023-11-01: Highest IV Rank — 51.6%
  • 2023-11-01: Largest Expected Move — 9.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$89.86$87.72$92.60$87.72$88.16
Max Pain$89.36$87.50$90.00$90.00$89.00
ATM IV19.5%14.4%25.9%25.9%14.5%
Expected Move5.6%4.1%9.0%9.0%4.4%
HV 20d19.2%14.4%22.0%14.4%20.5%
HV 60d16.2%14.5%17.3%16.4%16.1%
IV Rank25.2%2.9%51.6%51.6%3.7%
IV Percentile31.2%2.4%71.0%71.0%3.2%
Term Structure-0.5%-1.7%0.4%-0.8%-0.1%
VWIV19.1%14.3%30.8%30.8%14.9%
Skew 25d2.9%1.9%4.1%4.0%2.1%
Skew 10d6.2%4.0%9.1%9.1%4.6%
Call IV 25d18.3%13.7%24.4%24.4%13.7%
Put IV 25d21.2%15.6%28.5%28.5%15.8%
Bid-Ask Spread %20.393.8354.046.224.38
Gamma HHI0.120.080.180.080.11
Net GEX16.8M2.7M25.4M8.1M8.3M
Net DEX-236.1M-400.1M-87.1M-115.7M-130.1M
Net VEX-2.7M-2.8M-2.6M-2.7M-2.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.890.362.940.500.76
Total Volume12,021.5711,42839,7831,4285,485
Total OI197,626.619180,769224,519180,769210,548

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$87.72$90.0025.9%9.0%14.4%51.6%30.8%4.0%-0.8%8.1M-115.7M-2.7M0.506.22N/AN/A954474101,01679,753
2023-11-02$90.05$87.5024.8%6.7%17.1%46.7%22.2%4.0%-0.7%21.9M-246.9M-2.7M0.538.79N/AN/A3,3301,758101,58679,898
2023-11-03$91.13$87.5023.9%6.6%17.4%43.1%22.7%4.1%-1.1%24.2M-320.6M-2.7M0.474.05N/AN/A6,2072,947103,98782,016
2023-11-06$90.81$87.5024.0%6.7%17.4%43.6%21.6%3.8%-0.4%21.4M-276.3M-2.7M0.593.92N/AN/A2,9571,749102,67480,927
2023-11-07$91.04$87.5023.9%6.6%17.4%43.2%22.4%3.7%-0.6%24.2M-294.5M-2.6M0.809.75N/AN/A3,6402,903104,00780,952
2023-11-08$90.48$87.5024.5%6.7%17.5%45.5%22.4%4.0%-1.1%21.6M-271.7M-2.7M2.364.39N/AN/A2,9096,864103,80681,226
2023-11-09$91.15$90.0025.1%7.1%17.6%48.1%24.1%3.6%-0.4%20.6M-305.4M-2.7M2.943.83N/AN/A2,5597,519105,57186,420
2023-11-10$91.15$90.0024.0%6.7%17.4%43.7%22.1%3.7%-0.8%15.5M-303.4M-2.7M0.4251.36N/AN/A7,3473,086106,19887,935
2023-11-13$91.24$90.0025.0%7.1%16.5%50.3%23.8%3.7%-1.7%15.1M-316.0M-2.7M0.8651.17N/AN/A4,6273,989101,14384,365
2023-11-14$92.60$90.0022.6%6.4%16.9%39.6%22.3%3.0%-1.7%19.4M-400.1M-2.6M0.6547.64N/AN/A24,09515,688103,33885,769
2023-11-15$89.53$90.0017.0%4.9%20.9%14.1%16.9%2.4%-0.3%11.3M-185.0M-2.7M0.6741.72N/AN/A22,81515,259116,05495,610
2023-11-16$88.00$90.0016.7%4.8%21.6%13.0%16.3%2.1%-0.0%2.7M-87.1M-2.7M0.639.66N/AN/A12,3887,844122,91396,623
2023-11-17$89.09$90.0015.6%4.4%22.0%9.5%15.7%2.2%0.4%11.4M-194.6M-2.8M0.5523.08N/AN/A14,5997,973126,92797,592
2023-11-20$89.69$90.0015.0%4.2%21.8%6.1%14.8%2.3%-0.3%19.6M-242.7M-2.8M0.3632.13N/AN/A7,3482,658107,79983,929
2023-11-21$89.15$90.0014.9%4.2%21.4%5.5%14.4%2.1%-0.3%17.1M-199.6M-2.8M1.4239.17N/AN/A4,4096,248109,68389,502
2023-11-22$90.13$90.0014.5%4.1%21.5%3.7%14.3%1.9%-0.1%25.4M-285.7M-2.8M0.4215.21N/AN/A6,6402,812110,96893,478
2023-11-24$89.77$90.0014.4%4.1%21.3%2.9%14.3%2.1%0.1%25.4M-251.4M-2.8M1.735.58N/AN/A2,1213,673112,85894,630
2023-11-27$89.22$90.0014.8%4.3%21.0%5.2%14.8%2.1%-0.2%15.5M-215.5M-2.7M0.565.65N/AN/A7,2174,074107,84294,798
2023-11-28$89.06$90.0014.5%4.3%20.1%3.6%15.1%1.9%-0.0%15.9M-193.8M-2.8M1.0454.04N/AN/A3,1743,309110,60295,677
2023-11-29$87.90$90.0014.9%4.5%20.5%5.7%15.2%2.2%-0.3%7.0M-122.2M-2.8M0.466.41N/AN/A4,6732,132111,53898,001
2023-11-30$88.16$89.0014.5%4.4%20.5%3.7%14.9%2.1%-0.1%8.3M-130.1M-2.7M0.764.38N/AN/A3,1252,360112,12098,428