TJX Options History — December 2023

In December 2023, TJX traded between $87.94 and $93.73. ATM implied volatility averaged 15.0%, placing in the 6.5% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded below realized volatility by 1.7% (HV 20d: 16.8%). Max pain ranged from $85.00 to $89.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 0.70.

Notable Days

  • 2023-12-14: Highest Volume — 13,302 contracts
  • 2023-12-04: Largest IV spike — 9.0% change
  • 2023-12-21: Highest IV Rank — 14.2%
  • 2023-12-21: Largest Expected Move — 4.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$90.56$87.94$93.73$89.00$93.73
Max Pain$85.42$85.00$89.00$89.00$87.50
ATM IV15.0%13.8%16.5%14.1%15.0%
Expected Move4.3%3.9%4.7%4.2%4.2%
HV 20d16.8%14.5%19.4%18.5%15.0%
HV 60d16.5%16.0%17.0%16.2%16.7%
IV Rank6.5%0.1%14.2%1.5%6.1%
IV Percentile10.4%0.4%23.8%1.2%11.9%
Term Structure0.2%-0.6%0.7%0.0%0.3%
VWIV15.5%14.2%16.7%14.8%15.0%
Skew 25d1.7%1.1%2.1%1.7%1.7%
Skew 10d3.8%2.9%5.2%3.7%3.9%
Call IV 25d14.4%13.4%15.6%13.6%14.4%
Put IV 25d16.2%15.1%17.4%15.3%16.2%
Bid-Ask Spread %22.292.3159.2534.269.75
Gamma HHI0.110.090.160.110.14
Net GEX19.8M7.6M31.2M20.9M27.8M
Net DEX-278.2M-476.1M-127.7M-193.5M-476.1M
Net VEX-2.9M-3.0M-2.8M-2.8M-2.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.151.291.000.40
Total Volume7,420.22,52313,3029,6325,864
Total OI217,297.05208,938225,578211,880225,578

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$89.00$89.0014.1%4.2%18.5%1.5%14.8%1.7%0.0%20.9M-193.5M-2.8M1.0034.26N/AN/A4,8144,818112,43699,444
2023-12-04$88.47$85.0015.4%4.5%18.0%8.1%14.8%1.1%-0.6%10.5M-153.6M-2.9M0.9457.80N/AN/A3,4203,217108,317100,621
2023-12-05$87.94$85.0014.6%4.4%18.0%4.3%14.7%2.0%0.4%7.6M-127.7M-2.9M0.5256.08N/AN/A2,2411,163109,809101,717
2023-12-06$88.50$85.0015.2%4.6%18.2%7.2%15.5%1.8%0.3%10.7M-159.7M-2.9M0.9320.62N/AN/A3,4053,158110,187102,341
2023-12-07$88.87$85.0014.6%4.2%18.2%4.3%15.3%1.2%0.2%13.4M-186.3M-2.9M0.7812.10N/AN/A1,4201,103111,407103,794
2023-12-08$89.09$85.0014.4%4.2%18.0%3.2%15.9%1.8%0.4%9.6M-197.0M-2.9M1.2923.63N/AN/A2,8863,726111,639104,039
2023-12-11$90.81$85.0014.5%4.3%19.4%3.4%15.0%1.8%0.5%25.2M-308.8M-2.9M0.672.31N/AN/A5,3413,582109,715104,467
2023-12-12$91.15$85.0014.1%4.2%19.4%1.3%14.2%1.6%0.4%27.2M-328.2M-2.9M0.747.78N/AN/A3,0922,295110,760106,240
2023-12-13$91.69$85.0013.8%3.9%18.8%0.1%15.0%1.7%-0.2%31.2M-380.5M-2.8M1.1553.93N/AN/A3,6474,196111,277106,326
2023-12-14$90.03$85.0014.8%4.2%15.7%5.1%14.7%1.9%0.3%25.0M-246.5M-2.8M0.564.35N/AN/A8,5454,757112,002108,703
2023-12-15$89.03$85.0014.5%4.1%14.9%3.8%15.9%1.9%0.1%12.2M-145.2M-2.9M1.1859.25N/AN/A4,5435,377112,965110,411
2023-12-18$89.72$85.0015.1%4.3%14.5%6.6%15.2%1.8%0.0%11.4M-197.0M-2.9M0.6632.97N/AN/A5,4333,600101,863109,090
2023-12-19$91.16$85.0015.3%4.4%15.4%7.8%15.9%1.8%0.1%20.7M-301.7M-2.9M0.539.48N/AN/A6,2443,300104,905110,935
2023-12-20$90.31$85.0016.4%4.7%15.7%13.8%16.6%2.1%-0.2%14.4M-241.7M-3.0M0.837.64N/AN/A3,0582,548106,309112,623
2023-12-21$91.41$85.0016.5%4.7%15.8%14.2%16.7%1.8%0.2%20.6M-320.0M-2.9M0.1811.48N/AN/A7,4311,337107,116113,985
2023-12-22$91.69$85.0015.7%4.4%15.7%9.8%15.9%1.8%0.7%23.1M-343.9M-2.9M0.355.20N/AN/A3,3311,172108,656114,612
2023-12-26$92.69$85.0015.9%4.6%15.8%11.1%16.0%1.7%0.2%25.5M-398.7M-2.8M0.1514.75N/AN/A7,4241,095105,526112,225
2023-12-27$92.56$85.0015.4%4.4%15.8%8.2%16.7%2.1%0.0%28.9M-395.7M-2.8M0.576.17N/AN/A3,9932,287107,413112,792
2023-12-28$93.43$87.0015.7%4.5%15.0%9.9%15.3%1.6%0.3%29.9M-461.7M-2.8M0.4716.23N/AN/A6,4923,049109,203114,493
2023-12-29$93.73$87.5015.0%4.2%15.0%6.1%15.0%1.7%0.3%27.8M-476.1M-2.8M0.409.75N/AN/A4,1921,672110,036115,542