TXT Options History — January 2008

In January 2008, TXT traded between $51.26 and $67.81. ATM implied volatility averaged 43.6%, placing in the 78.8% IV rank vs the trailing year. The 30-day expected move averaged 12.5%. IV traded below realized volatility by 1.7% (HV 20d: 45.3%). Max pain ranged from $55.00 to $70.00. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 1.66.

Notable Days

  • 2008-01-24: Highest Volume — 11,303 contracts
  • 2008-01-24: Largest IV drop — 23.1% change
  • 2008-01-16: Highest IV Rank — 100.0%
  • 2008-01-23: Largest Expected Move — 16.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$58.35$51.26$67.81$66.81$56.11
Max Pain$62.14$55.00$70.00$62.50$55.00
ATM IV43.6%33.1%57.0%33.2%39.1%
Expected Move12.5%9.5%16.3%9.5%11.2%
HV 20d45.3%38.6%53.8%38.7%51.2%
HV 60d38.9%34.2%42.8%34.4%42.7%
IV Rank78.8%51.8%100.0%53.2%52.1%
IV Percentile95.4%79.8%100.0%80.9%90.9%
Term Structure-3.1%-10.2%4.6%4.6%-1.1%
VWIV43.8%33.1%59.0%34.0%38.5%
Skew 25d4.0%1.0%11.1%3.8%3.6%
Skew 10d7.3%2.1%19.7%8.0%11.9%
Call IV 25d41.8%31.4%53.3%32.3%36.5%
Put IV 25d45.8%35.1%62.8%36.1%40.0%
Bid-Ask Spread %12.758.2117.2314.7011.91
Gamma HHI0.240.110.440.250.24
Net GEX26.0K-823.0K2.2M1.8M60.4K
Net DEX17.8M-51.2M53.7M-38.9M12.6M
Net VEX-358.9K-485.6K-246.8K-404.9K-485.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.660.266.140.690.75
Total Volume3,768.14350811,3035,1441,093
Total OI48,493.52434,30655,23446,67948,797

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2008-01-02$66.81$62.5033.2%9.5%38.7%53.2%34.0%3.8%4.6%1.8M-38.9M-404.9K0.6914.703,0512,09324,90621,773
2008-01-03$67.81$62.5033.1%9.5%39.2%52.8%33.1%3.7%2.8%2.2M-51.2M-418.3K0.9713.2132031026,28122,585
2008-01-04$65.46$70.0036.7%11.2%38.6%66.2%37.8%4.1%-2.0%1.7M-29.8M-402.7K2.0411.941,2082,46526,45522,661
2008-01-07$62.87$70.0042.9%11.8%40.6%88.8%41.8%4.6%-2.3%768.3K655.2K-373.5K1.7511.493,0035,25026,37623,870
2008-01-08$60.49$65.0043.3%12.3%41.1%90.1%41.8%1.7%-3.2%-67.1K25.9M-353.0K0.9115.821,3091,19027,01525,811
2008-01-09$62.00$65.0042.9%12.8%42.8%88.8%43.7%3.4%-4.9%40.3K8.8M-377.1K3.029.318722,63627,21425,440
2008-01-10$61.78$65.0043.4%12.4%40.6%90.4%43.1%3.2%-3.6%-698.8K17.1M-381.6K0.938.6885078827,48027,754
2008-01-11$59.08$65.0043.4%12.4%42.7%90.1%42.8%3.6%-3.9%-661.4K36.7M-331.2K0.6417.231,40989827,79426,593
2008-01-14$60.42$65.0044.3%12.7%43.3%93.5%44.2%4.3%-4.2%-751.5K23.2M-339.0K0.7711.1464749727,80026,125
2008-01-15$58.95$65.0044.7%12.8%43.4%95.3%44.9%2.0%-4.3%-823.0K33.5M-321.6K6.1415.693742,29528,16526,267
2008-01-16$58.92$65.0046.1%13.2%41.9%100.0%46.2%2.4%-4.7%-641.4K33.6M-317.8K1.9915.127281,45028,19825,752
2008-01-17$55.04$65.0049.8%14.3%46.2%100.0%48.8%3.3%-5.7%-230.1K53.7M-272.7K0.418.323,6651,52128,43125,832
2008-01-18$53.50$65.0052.5%15.1%46.2%100.0%54.3%6.6%-7.4%-107.5K52.4M-253.5K4.7117.161,6937,97429,59124,913
2008-01-22$53.08$60.0056.0%16.1%46.2%100.0%55.9%6.2%-8.3%-605.0K37.4M-273.4K0.268.211,79646116,82217,537
2008-01-23$54.66$60.0057.0%16.3%47.6%100.0%59.0%11.1%-10.2%-295.3K28.7M-281.7K0.8612.102,4182,08417,99716,309
2008-01-24$51.26$60.0043.9%12.6%49.3%64.7%43.7%4.8%-2.6%-520.2K40.3M-246.8K0.5213.737,4403,86319,50617,050
2008-01-25$53.36$55.0041.7%12.0%52.0%58.9%42.9%1.0%-0.1%-200.9K23.0M-342.6K5.1411.271,3326,85123,43217,368
2008-01-28$53.77$55.0041.7%12.0%52.6%59.0%41.8%2.5%-0.9%-290.8K29.4M-421.0K0.8013.8265051724,03321,690
2008-01-29$54.88$55.0041.6%11.9%53.5%58.6%42.2%4.5%-2.4%-65.4K19.1M-471.6K0.8515.3427423426,30022,013
2008-01-30$55.05$55.0039.1%11.2%53.8%51.8%38.9%3.8%-1.0%-42.1K18.5M-467.5K0.8111.6889872426,40522,023
2008-01-31$56.11$55.0039.1%11.2%51.2%52.1%38.5%3.6%-1.1%60.4K12.6M-485.6K0.7511.9162347026,61022,187