TXT Options History — February 2008

In February 2008, TXT traded between $54.17 and $58.26. ATM implied volatility averaged 36.3%, placing in the 44.5% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded below realized volatility by 4.8% (HV 20d: 41.1%). Max pain ranged from $55.00 to $62.50. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 1.49.

Notable Days

  • 2008-02-22: Highest Volume — 3,311 contracts
  • 2008-02-11: Largest IV spike — 12.7% change
  • 2008-02-11: Highest IV Rank — 61.7%
  • 2008-02-05: Largest Expected Move — 11.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$56.47$54.17$58.26$57.26$54.17
Max Pain$61.38$55.00$62.50$55.00$62.50
ATM IV36.3%31.0%42.7%37.9%33.1%
Expected Move10.2%8.9%11.2%10.9%9.5%
HV 20d41.1%27.9%51.5%51.5%30.9%
HV 60d42.4%40.5%43.5%42.9%40.7%
IV Rank44.5%30.2%61.7%48.7%35.8%
IV Percentile78.7%53.6%93.3%89.7%66.7%
Term Structure2.6%-1.8%5.3%-1.8%3.3%
VWIV35.4%30.3%39.4%35.2%33.2%
Skew 25d5.3%3.3%6.6%5.6%3.7%
Skew 10d10.6%4.7%20.2%20.2%4.7%
Call IV 25d33.0%28.8%37.0%33.5%32.2%
Put IV 25d38.3%33.5%42.6%39.1%35.9%
Bid-Ask Spread %12.558.7215.2012.808.72
Gamma HHI0.210.170.290.210.20
Net GEX107.9K-463.2K523.3K258.0K-463.2K
Net DEX11.7M2.0M32.9M3.7M32.9M
Net VEX-468.1K-496.6K-434.1K-496.6K-455.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.490.295.020.660.69
Total Volume1,249.153423,3111,0321,639
Total OI48,354.5542,63150,74849,19749,907

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2008-02-01$57.26$55.0037.9%10.9%51.5%48.7%35.2%5.6%-1.8%258.0K3.7M-496.6K0.6612.8062340926,90322,294
2008-02-04$57.25$62.5039.8%10.8%50.6%53.9%35.7%5.5%1.3%302.0K2.4M-487.4K0.4112.8861525027,00322,356
2008-02-05$54.88$62.5040.2%11.2%50.8%54.8%39.4%6.1%0.5%35.2K17.5M-463.4K1.9713.9242884127,04622,473
2008-02-06$54.44$62.5040.2%11.0%49.4%55.0%38.0%5.3%0.9%-75.1K21.4M-453.7K0.4711.6523310926,96722,301
2008-02-07$56.24$62.5040.5%11.2%50.1%55.7%39.0%6.0%1.0%222.8K9.2M-475.0K1.4414.9540157827,13522,404
2008-02-08$55.88$62.5037.9%11.0%50.1%48.8%39.1%6.1%1.6%209.0K12.3M-466.2K0.5413.021,31970727,24522,562
2008-02-11$56.44$62.5042.7%10.8%48.1%61.7%37.9%6.6%2.2%523.3K6.0M-468.7K1.1912.8339547027,90622,842
2008-02-12$56.40$62.5042.4%10.6%47.2%60.8%39.1%5.8%2.8%148.7K10.3M-464.0K3.1010.0219359927,01322,899
2008-02-13$57.48$62.5037.3%10.3%47.1%47.2%37.4%5.7%3.6%254.5K2.7M-468.0K5.0211.582451,22927,00423,049
2008-02-14$57.69$62.5035.3%10.1%47.2%41.8%35.5%5.7%2.0%281.3K2.0M-469.0K0.2912.0043612827,10223,221
2008-02-15$57.23$62.5034.7%9.9%40.1%40.2%36.6%5.5%4.5%271.3K5.1M-461.8K2.7012.3932286827,22723,180
2008-02-19$56.44$62.5034.4%9.9%39.0%39.4%33.6%5.0%4.5%79.6K13.2M-446.9K0.9113.4543639823,84518,786
2008-02-20$56.09$62.5035.0%10.0%38.9%41.0%33.2%5.8%2.8%45.5K15.8M-442.2K0.9615.2070868024,07118,996
2008-02-21$55.36$60.0034.6%9.9%38.0%39.8%34.5%5.0%3.2%-22.3K20.5M-434.1K3.7511.603101,16324,56319,480
2008-02-22$56.78$60.0032.4%9.3%30.2%34.0%32.7%4.8%5.3%-9.4K14.6M-461.2K0.9112.931,7311,58024,66820,186
2008-02-25$57.94$60.0032.8%9.4%27.9%35.0%33.4%5.3%2.3%149.2K6.6M-489.3K1.7813.9536164125,89221,668
2008-02-26$58.26$60.0031.5%9.0%27.9%31.5%31.9%4.7%2.9%166.2K5.1M-488.6K0.7514.371,22691625,95121,894
2008-02-27$57.30$60.0031.0%8.9%28.1%30.2%30.3%4.6%5.2%-97611.7M-492.9K1.5813.0132851926,75522,646
2008-02-28$55.88$60.0032.4%9.3%29.7%34.0%31.7%3.3%3.7%-216.9K20.7M-478.1K0.759.7654340626,88722,764
2008-02-29$54.17$62.5033.1%9.5%30.9%35.8%33.2%3.7%3.3%-463.2K32.9M-455.9K0.698.7296867126,96222,945