TXT Options History — April 2009

In April 2009, TXT traded between $6.45 and $13.56. ATM implied volatility averaged 127.7%, placing in the 47.5% IV rank vs the trailing year. The 30-day expected move averaged 36.8%. IV traded below realized volatility by 46.1% (HV 20d: 173.8%). Max pain ranged from $5.00 to $11.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.59.

Notable Days

  • 2009-04-09: Highest Volume — 80,379 contracts
  • 2009-04-06: Largest IV spike — 51.0% change
  • 2009-04-09: Highest IV Rank — 59.5%
  • 2009-04-09: Largest Expected Move — 44.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.58$6.45$13.56$6.45$10.73
Max Pain$9.00$5.00$11.00$5.00$11.00
ATM IV127.7%87.8%153.5%129.1%93.3%
Expected Move36.8%25.2%44.0%37.0%26.7%
HV 20d173.8%129.6%199.3%148.3%179.7%
HV 60d169.8%153.0%181.6%153.0%163.5%
IV Rank47.5%28.9%59.5%48.1%31.4%
IV Percentile75.7%52.0%87.7%80.6%57.5%
Term Structure-10.4%-25.7%15.9%4.4%-5.8%
VWIV126.2%90.2%150.7%126.1%95.8%
Skew 25d17.6%9.3%39.5%16.8%10.3%
Skew 10d38.4%11.9%59.8%43.6%19.6%
Call IV 25d117.8%83.8%134.7%116.3%91.1%
Put IV 25d135.5%97.2%159.0%133.2%101.4%
Bid-Ask Spread %12.939.3619.3210.5814.81
Gamma HHI0.210.140.350.340.15
Net GEX469.2K160.1K713.4K160.1K452.6K
Net DEX-48.4M-105.9M-7.3M-7.3M-25.9M
Net VEX-229.5K-279.4K-112.0K-112.0K-260.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.063.530.310.21
Total Volume22,843.1433,38080,3793,38017,240
Total OI188,152.524118,988236,353118,988227,350

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-04-01$6.45$5.00129.1%37.0%148.3%48.1%126.1%16.8%4.4%160.1K-7.3M-112.0K0.3110.582,58179981,97437,014
2009-04-02$7.13$5.00107.5%30.8%135.4%38.1%107.2%9.3%15.9%201.6K-11.9M-126.9K0.1414.108,9261,23682,32037,275
2009-04-03$7.42$7.5099.3%33.9%130.6%34.2%126.3%18.4%-3.7%280.6K-14.9M-132.9K0.2817.045,0861,43086,73237,669
2009-04-06$8.26$7.50149.9%39.4%132.9%57.8%133.2%25.1%-19.5%308.8K-24.2M-148.7K0.0618.1160,9093,59089,56037,755
2009-04-07$9.02$7.50130.4%36.3%129.6%48.7%123.6%18.6%-15.4%616.8K-41.7M-178.2K0.3710.1531,14211,397116,15639,310
2009-04-08$9.11$7.50114.7%35.9%129.8%41.4%123.4%21.8%-12.3%713.4K-42.6M-188.7K3.5311.696,48222,852124,69145,368
2009-04-09$13.56$9.00153.5%44.0%183.6%59.5%150.7%39.5%-25.7%521.0K-105.9M-249.6K0.4212.4356,46523,914123,21764,867
2009-04-13$12.27$9.00144.9%41.5%190.0%55.4%141.7%23.8%-19.0%604.7K-89.4M-275.3K0.4610.7719,4818,986142,64181,421
2009-04-14$11.40$9.00151.0%43.3%193.0%58.3%137.7%21.3%-18.3%582.1K-71.2M-271.8K0.6212.519,4885,922144,38783,466
2009-04-15$11.49$10.00150.7%43.2%193.1%58.2%146.9%22.2%-19.2%559.3K-69.3M-276.2K0.3812.509,3513,580147,41288,941
2009-04-16$12.11$10.00144.4%41.4%190.8%55.2%138.2%15.5%-20.2%584.3K-81.0M-273.4K0.999.3613,76513,649147,12586,952
2009-04-17$12.94$10.00135.7%38.9%190.5%51.2%132.4%24.5%-15.3%482.2K-104.2M-273.5K0.309.899,2802,825153,05180,163
2009-04-20$10.89$10.00140.2%40.2%199.3%53.2%143.2%13.7%-14.8%366.9K-36.2M-247.5K0.8110.7210,7388,651113,16966,323
2009-04-21$10.98$10.00139.1%39.9%194.5%52.8%137.6%9.7%-14.1%412.3K-38.8M-254.4K0.309.596,4871,957119,63667,178
2009-04-22$11.28$10.00127.3%36.5%190.8%47.3%128.4%12.0%-8.2%472.0K-43.2M-259.4K0.6415.039,2985,942122,32567,930
2009-04-23$11.44$10.00123.0%35.3%190.8%45.3%122.4%12.5%-5.8%491.2K-44.6M-266.8K0.4114.612,8321,153125,78271,089
2009-04-24$12.35$10.00115.2%33.0%191.6%41.6%114.8%13.9%-3.6%611.5K-58.1M-279.4K0.2210.457,9901,757127,68271,793
2009-04-27$11.39$10.00126.0%36.1%193.6%46.7%116.3%17.6%-12.1%503.7K-42.2M-260.3K0.3511.514,6681,628127,26672,770
2009-04-28$11.20$10.00119.4%34.2%180.4%43.6%113.4%10.5%-10.2%512.3K-40.2M-257.8K0.5819.3214,0298,130129,91773,746
2009-04-29$10.81$11.0087.8%25.2%182.1%28.9%90.2%13.4%4.1%416.5K-24.1M-226.5K1.0116.3821,91722,153127,64180,139
2009-04-30$10.73$11.0093.3%26.7%179.7%31.4%95.8%10.3%-5.8%452.6K-25.9M-260.2K0.2114.8114,2872,953134,81292,538