TXT Options History — August 2008

In August 2008, TXT traded between $37.64 and $44.15. ATM implied volatility averaged 39.3%, placing in the 43.2% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded below realized volatility by 5.4% (HV 20d: 44.6%). Max pain ranged from $45.00 to $55.00. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.98.

Notable Days

  • 2008-08-22: Highest Volume — 22,395 contracts
  • 2008-08-11: Largest IV spike — 17.4% change
  • 2008-08-04: Highest IV Rank — 63.5%
  • 2008-08-04: Largest Expected Move — 12.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.11$37.64$44.15$43.06$41.10
Max Pain$54.29$45.00$55.00$45.00$50.00
ATM IV39.3%35.4%45.6%39.0%38.9%
Expected Move11.1%10.3%12.1%11.2%11.2%
HV 20d44.6%35.1%55.9%54.7%38.9%
HV 60d42.6%41.6%44.8%41.6%44.6%
IV Rank43.2%31.0%63.5%42.4%42.1%
IV Percentile68.5%55.2%93.3%66.7%65.5%
Term Structure2.4%-1.0%4.6%-1.0%4.0%
VWIV37.7%31.3%40.8%40.2%36.7%
Skew 25d4.1%1.3%5.7%1.3%4.7%
Skew 10d7.2%-7.3%16.9%-7.3%14.3%
Call IV 25d37.0%34.4%39.8%39.7%36.9%
Put IV 25d41.1%39.0%43.5%41.0%41.6%
Bid-Ask Spread %7.914.4712.908.717.78
Gamma HHI0.290.190.450.260.23
Net GEX-235.0K-789.9K718.5K-326.4K642.9K
Net DEX69.6M44.1M86.4M62.6M44.1M
Net VEX-451.7K-686.7K-320.1K-447.8K-686.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.980.132.632.081.05
Total Volume4,625.61961422,3951,1123,662
Total OI80,910.47668,585117,56668,585117,566

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2008-08-01$43.06$45.0039.0%11.2%54.7%42.4%40.2%1.3%-1.0%-326.4K62.6M-447.8K2.088.7136175134,86533,720
2008-08-04$41.92$55.0045.6%12.1%55.2%63.5%35.8%5.0%-0.2%-460.8K70.5M-414.1K1.204.9353964834,98234,196
2008-08-05$41.84$55.0044.0%11.6%54.4%58.3%39.3%5.0%1.2%-515.1K73.3M-402.3K1.564.4759893434,93834,481
2008-08-06$42.70$55.0039.4%10.9%54.2%43.7%38.7%4.3%1.2%-418.4K67.1M-424.3K0.686.3269747735,28934,705
2008-08-07$41.90$55.0040.5%11.4%54.1%47.2%31.3%3.8%1.5%-475.5K71.6M-404.2K2.075.6543890535,57034,627
2008-08-08$43.71$55.0035.4%10.7%55.7%31.0%36.8%4.0%1.8%-332.1K62.3M-441.9K0.4711.8296945735,33435,015
2008-08-11$44.15$55.0041.6%10.8%55.9%50.7%38.4%1.9%2.4%-254.0K56.9M-454.6K0.5212.902,7481,43335,41134,756
2008-08-12$42.90$55.0041.6%10.6%52.1%50.7%37.8%5.7%3.0%-310.5K65.5M-438.7K0.386.681,79868436,87435,456
2008-08-13$42.41$55.0038.1%11.7%46.9%39.5%36.5%5.7%0.8%-360.7K67.6M-407.9K0.228.7650211237,37234,488
2008-08-14$42.53$55.0036.0%10.3%41.8%32.9%37.8%5.6%3.0%-333.9K67.6M-406.1K1.7211.4754593837,66634,573
2008-08-15$42.33$55.0039.0%11.2%39.4%42.2%35.5%5.5%2.2%-373.7K68.3M-405.8K0.136.422,14528737,88735,137
2008-08-18$41.49$55.0037.6%10.8%37.9%38.0%37.3%4.6%1.9%-378.6K68.8M-403.3K2.636.021,1402,99436,99333,848
2008-08-19$40.03$55.0038.0%10.9%36.8%39.1%37.4%4.6%2.7%-789.9K80.7M-381.8K0.344.722,64288737,46336,326
2008-08-20$38.59$55.0038.2%10.9%37.4%39.7%38.4%2.9%3.2%-441.8K83.4M-329.8K0.357.352,54187838,84334,143
2008-08-21$38.03$55.0037.6%10.8%37.5%37.9%38.5%3.4%3.2%-320.2K84.4M-320.1K0.769.175,9724,51840,38734,734
2008-08-22$38.50$55.0038.1%10.9%37.7%39.5%38.0%4.8%4.6%-181.5K78.9M-391.7K1.158.8110,44011,95545,25739,046
2008-08-25$37.64$55.0040.3%11.5%37.8%46.4%40.8%2.8%2.9%-84.2K86.4M-525.7K1.298.651,5301,96854,24948,939
2008-08-26$38.07$55.0038.8%11.1%35.1%41.8%38.7%2.8%3.3%-93.9K84.8M-542.5K0.299.243,06389354,82950,022
2008-08-27$39.21$55.0037.9%10.9%35.1%38.9%38.5%3.3%4.4%154.7K71.4M-588.8K0.337.756,2982,10156,54550,428
2008-08-28$41.10$55.0038.9%11.1%38.9%41.9%39.4%4.5%3.8%718.5K45.0M-668.1K1.388.416,1728,51860,33551,825
2008-08-29$41.10$50.0038.9%11.2%38.9%42.1%36.7%4.7%4.0%642.9K44.1M-686.7K1.057.781,7841,87862,37455,192