TJX Options History — February 2025

In February 2025, TJX traded between $120.89 and $126.23. ATM implied volatility averaged 24.8%, placing in the 59.3% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 11.6% (HV 20d: 13.2%). Max pain ranged from $120.00 to $124.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 1.08.

Notable Days

2025-02-26: Highest Volume — 30,954 contracts
2025-02-26: Largest IV drop — 27.6% change
2025-02-21: Highest IV Rank — 82.7%
2025-02-21: Largest Expected Move — 8.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$124.09	$120.89	$126.23	$124.42	$124.02
Max Pain	$120.95	$120.00	$124.00	$124.00	$123.00
ATM IV	24.8%	19.3%	29.2%	24.4%	19.3%
Expected Move	6.8%	4.7%	8.6%	5.0%	5.9%
HV 20d	13.2%	11.9%	16.4%	13.3%	16.1%
HV 60d	14.3%	13.2%	15.0%	15.0%	14.5%
IV Rank	59.3%	30.1%	82.7%	57.1%	30.1%
IV Percentile	82.0%	56.3%	98.8%	82.5%	56.3%
Term Structure	-1.2%	-5.3%	5.2%	-1.1%	-3.7%
VWIV	24.1%	16.1%	30.1%	17.7%	20.0%
Skew 25d	3.6%	1.6%	8.8%	4.4%	3.0%
Skew 10d	8.3%	-1.3%	16.1%	14.7%	8.7%
Call IV 25d	23.3%	14.6%	27.7%	22.6%	18.8%
Put IV 25d	26.8%	21.7%	31.4%	27.0%	21.8%
Bid-Ask Spread %	38.77	15.17	76.67	65.12	15.17
Gamma HHI	0.25	0.10	0.38	0.24	0.25
Net GEX	40.5M	-4.8M	79.2M	43.6M	30.7M
Net DEX	-334.8M	-517.5M	-102.6M	-371.7M	-348.2M
Net VEX	-2.9M	-3.0M	-2.7M	-3.0M	-3.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.08	0.03	3.97	3.97	0.36
Total Volume	10,087.211	3,597	30,954	5,704	9,624
Total OI	182,507.474	138,231	194,564	175,985	194,564

Daily Data (19 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
2025-02-03	$124.42	$124.00	24.4%	5.0%	13.3%	57.1%	17.7%	4.4%	-1.1%	43.6M	-371.7M	-3.0M	3.97	65.12	N/A	N/A	1,148	4,556	104,535	71,450
2025-02-04	$124.84	$124.00	24.1%	4.7%	13.3%	55.8%	16.1%	3.0%	-1.2%	49.1M	-391.7M	-3.0M	0.71	18.15	N/A	N/A	2,334	1,667	105,090	74,408
2025-02-05	$125.39	$124.00	21.4%	4.8%	13.2%	41.0%	16.5%	2.7%	-1.0%	54.4M	-446.4M	-2.9M	0.96	34.60	N/A	N/A	2,431	2,337	106,528	75,030
2025-02-06	$126.23	$120.00	24.5%	6.7%	13.2%	57.7%	24.2%	2.3%	-1.0%	65.9M	-517.5M	-3.0M	0.89	19.98	N/A	N/A	3,770	3,340	108,301	76,292
2025-02-07	$124.78	$120.00	25.4%	6.8%	13.5%	62.8%	23.9%	2.9%	-1.7%	54.3M	-391.9M	-3.0M	1.12	65.00	N/A	N/A	2,275	2,558	110,243	78,576
2025-02-10	$124.97	$120.00	25.1%	7.0%	12.0%	61.1%	24.9%	1.6%	-0.3%	55.9M	-391.7M	-2.9M	1.64	31.89	N/A	N/A	2,804	4,586	108,310	73,872
2025-02-11	$124.45	$120.00	22.8%	6.9%	12.0%	48.7%	26.1%	3.3%	5.2%	51.2M	-342.1M	-3.0M	0.36	25.89	N/A	N/A	3,126	1,127	109,854	77,392
2025-02-12	$124.25	$120.00	26.5%	7.1%	11.9%	68.3%	24.7%	2.4%	-1.3%	48.8M	-320.4M	-2.9M	0.37	74.04	N/A	N/A	3,473	1,295	109,528	77,731
2025-02-13	$126.02	$120.00	26.2%	7.2%	12.6%	66.8%	25.1%	3.0%	-1.2%	79.2M	-490.7M	-3.0M	0.03	22.52	N/A	N/A	19,373	647	110,636	78,076
2025-02-14	$124.42	$120.00	26.6%	7.3%	12.4%	68.9%	24.7%	3.0%	-2.1%	58.9M	-327.3M	-2.9M	0.65	20.59	N/A	N/A	3,721	2,424	111,309	78,144
2025-02-18	$123.60	$120.00	27.1%	7.6%	12.6%	71.8%	26.6%	3.7%	-5.3%	43.4M	-269.5M	-2.8M	0.39	21.84	N/A	N/A	2,593	1,004	109,779	75,439
2025-02-19	$123.22	$120.00	27.0%	7.7%	12.2%	71.3%	28.4%	3.4%	-1.0%	35.0M	-232.0M	-2.8M	0.95	63.79	N/A	N/A	3,424	3,260	111,012	76,012
2025-02-20	$123.00	$120.00	26.9%	7.8%	11.9%	70.8%	28.3%	3.3%	-1.3%	18.3M	-206.2M	-2.7M	1.24	37.96	N/A	N/A	2,698	3,351	111,922	77,606
2025-02-21	$120.89	$120.00	29.2%	8.6%	13.3%	82.7%	29.1%	3.7%	-2.3%	-4.8M	-102.6M	-2.8M	2.75	76.67	N/A	N/A	2,451	6,728	112,142	76,724
2025-02-24	$121.67	$120.00	25.5%	7.5%	13.6%	63.4%	29.2%	5.3%	2.2%	1.5M	-148.0M	-2.7M	0.24	43.15	N/A	N/A	24,270	5,835	71,544	66,687
2025-02-25	$122.28	$120.00	27.9%	8.5%	12.2%	76.0%	30.1%	8.8%	-0.4%	16.7M	-272.3M	-2.9M	1.73	31.50	N/A	N/A	7,683	13,291	93,872	70,712
2025-02-26	$125.53	$120.00	20.2%	6.0%	15.5%	34.9%	20.9%	5.6%	-1.3%	39.0M	-467.8M	-2.9M	0.56	45.33	N/A	N/A	19,834	11,120	99,434	80,957
2025-02-27	$123.66	$123.00	20.7%	6.2%	16.4%	37.6%	21.6%	2.8%	-3.4%	27.7M	-323.1M	-3.0M	1.59	23.54	N/A	N/A	2,125	3,374	109,432	84,499
2025-02-28	$124.02	$123.00	19.3%	5.9%	16.1%	30.1%	20.0%	3.0%	-3.7%	30.7M	-348.2M	-3.0M	0.36	15.17	N/A	N/A	7,073	2,551	109,834	84,730