TXT Options History — January 2013

In January 2013, TXT traded between $25.48 and $28.83. ATM implied volatility averaged 24.5%, placing in the 9.9% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 5.8% (HV 20d: 18.8%). Max pain ranged from $22.00 to $27.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.38.

Notable Days

  • 2013-01-24: Highest Volume — 9,214 contracts
  • 2013-01-10: Largest IV spike — 31.8% change
  • 2013-01-22: Highest IV Rank — 28.1%
  • 2013-01-22: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.15$25.48$28.83$25.48$28.76
Max Pain$25.95$22.00$27.00$23.00$27.00
ATM IV24.5%19.7%31.0%23.7%20.3%
Expected Move7.4%5.6%8.9%6.8%5.8%
HV 20d18.8%17.4%21.1%18.1%17.4%
HV 60d23.2%20.7%25.6%25.3%20.7%
IV Rank9.9%0.0%28.1%0.0%1.6%
IV Percentile9.1%0.0%31.3%0.0%1.2%
Term Structure0.5%-3.0%5.9%5.6%2.0%
VWIV25.7%20.0%31.2%23.0%20.5%
Skew 25d3.0%1.6%4.0%2.4%1.6%
Skew 10d7.5%5.1%11.4%5.8%6.8%
Call IV 25d24.7%19.3%29.4%22.7%19.9%
Put IV 25d27.7%21.5%32.9%25.1%21.5%
Bid-Ask Spread %16.238.6825.8223.7418.91
Gamma HHI0.340.220.460.380.42
Net GEX1.6M721.0K2.7M740.2K2.4M
Net DEX-43.4M-64.5M-10.8M-35.1M-29.8M
Net VEX-96.2K-121.2K-81.4K-97.5K-121.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.041.130.260.72
Total Volume2,859.813229,2148,8462,806
Total OI55,440.95222,06474,54267,71631,749

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2013-01-02$25.48$23.0023.7%6.8%18.1%0.0%23.0%2.4%5.6%740.2K-35.1M-97.5K0.2623.747,0461,80034,28733,429
2013-01-03$25.69$22.0021.6%6.2%17.9%0.0%22.1%2.0%5.9%2.3M-46.4M-100.3K0.2425.101,23329939,60332,282
2013-01-04$26.23$25.0022.4%8.1%18.7%2.4%27.7%3.0%0.5%2.1M-55.3M-96.4K0.0621.774,44726739,88932,143
2013-01-07$26.40$26.0023.2%8.6%17.9%4.7%29.1%3.4%-0.2%2.0M-57.9M-94.2K0.2411.211,98647640,32732,316
2013-01-08$26.36$26.0022.0%8.6%18.1%1.2%29.5%3.5%-0.4%1.7M-55.5M-87.1K0.279.3646212638,53232,618
2013-01-09$26.37$26.0021.2%8.4%17.6%0.0%28.5%3.2%-0.2%1.5M-54.6M-83.8K0.2310.991,70538737,81232,692
2013-01-10$26.61$26.0028.0%8.0%17.6%19.3%27.2%3.6%-0.3%1.2M-57.9M-81.4K0.0418.513,07413037,88532,998
2013-01-11$26.41$26.0029.0%8.3%17.5%22.2%28.4%3.5%-0.3%1.6M-55.2M-87.6K0.2817.452527039,39833,097
2013-01-14$26.45$26.0030.1%8.6%17.5%25.5%29.9%3.9%-0.9%1.4M-56.3M-85.5K1.1325.8275885739,52633,142
2013-01-15$26.41$26.0030.2%8.7%17.6%25.8%30.9%3.9%-1.0%1.4M-56.4M-86.3K0.4014.2037815239,99333,882
2013-01-16$26.29$26.0029.9%8.6%17.8%25.0%30.3%4.0%-1.6%1.3M-55.9M-84.4K1.0814.8861967040,06233,890
2013-01-17$27.09$26.0028.9%8.3%19.9%22.0%28.0%3.6%-1.4%881.8K-63.2M-88.0K0.1118.911,06711340,05934,333
2013-01-18$27.22$26.0029.2%8.4%19.7%23.0%28.3%3.5%-1.4%794.2K-64.5M-88.2K0.1821.282,98852740,14334,399
2013-01-22$27.08$26.0031.0%8.9%20.0%28.1%31.2%3.5%-3.0%721.0K-10.8M-94.1K0.6316.642,8001,75913,6578,407
2013-01-23$27.84$27.0021.2%6.1%20.9%0.0%21.6%3.0%1.5%1.1M-15.7M-94.2K0.2921.792,68979314,1739,204
2013-01-24$28.38$27.0023.1%6.6%21.1%5.5%22.5%2.1%0.7%1.2M-20.7M-99.0K0.0810.028,52668815,5499,463
2013-01-25$28.75$27.0020.7%5.9%20.1%0.0%21.0%2.3%1.1%2.6M-31.2M-114.3K0.198.961,74232721,7489,563
2013-01-28$28.68$27.0019.7%5.6%20.4%0.0%20.0%2.2%1.4%2.7M-29.4M-109.8K0.188.681,91734121,0849,627
2013-01-29$28.83$27.0019.9%5.7%19.6%0.6%20.5%2.3%1.3%2.4M-29.7M-106.9K0.6513.341,8141,17719,8789,752
2013-01-30$28.72$27.0020.1%5.8%18.8%1.2%20.5%2.0%1.4%2.4M-29.2M-121.0K0.629.2648630220,83310,836
2013-01-31$28.76$27.0020.3%5.8%17.4%1.6%20.5%1.6%2.0%2.4M-29.8M-121.2K0.7218.911,6271,17920,82710,922