TXT Options History — February 2013

In February 2013, TXT traded between $27.97 and $29.58. ATM implied volatility averaged 22.5%, placing in the 8.0% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 4.2% (HV 20d: 18.3%). Max pain ranged from $25.00 to $28.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 19 of 19 days. Put/call ratio averaged 1.19.

Notable Days

2013-02-15: Highest Volume — 8,949 contracts
2013-02-25: Largest IV spike — 15.0% change
2013-02-26: Highest IV Rank — 20.2%
2013-02-26: Largest Expected Move — 7.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$28.99	$27.97	$29.58	$28.89	$28.85
Max Pain	$26.58	$25.00	$28.00	$25.00	$28.00
ATM IV	22.5%	19.6%	27.0%	19.6%	23.6%
Expected Move	6.6%	6.0%	7.7%	6.3%	6.8%
HV 20d	18.3%	15.8%	23.7%	17.4%	23.7%
HV 60d	18.7%	16.9%	20.9%	20.7%	20.5%
IV Rank	8.0%	0.0%	20.2%	0.0%	11.1%
IV Percentile	7.4%	0.0%	22.6%	0.0%	10.7%
Term Structure	3.6%	2.7%	4.8%	2.7%	4.8%
VWIV	23.6%	19.7%	27.7%	22.6%	23.7%
Skew 25d	3.1%	1.8%	4.3%	3.0%	4.3%
Skew 10d	7.0%	4.2%	13.9%	6.0%	8.4%
Call IV 25d	22.0%	19.6%	25.8%	21.1%	22.3%
Put IV 25d	25.1%	22.7%	29.8%	24.1%	26.6%
Bid-Ask Spread %	18.41	14.79	27.74	18.75	20.76
Gamma HHI	0.36	0.16	0.59	0.41	0.17
Net GEX	1.7M	287.7K	3.2M	2.5M	338.4K
Net DEX	-24.4M	-41.3M	-2.4M	-32.4M	-8.9M
Net VEX	-151.1K	-169.9K	-132.3K	-134.8K	-165.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.19	0.08	3.52	0.27	2.02
Total Volume	1,515.737	142	8,949	390	142
Total OI	36,167.526	33,775	40,655	34,047	36,832

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2013-02-01	$28.89	$25.00	19.6%	6.3%	17.4%	0.0%	22.6%	3.0%	2.7%	2.5M	-32.4M	-134.8K	0.27	18.75	306	84	22,003	12,044
2013-02-04	$28.59	$25.00	21.1%	6.5%	17.3%	4.3%	23.0%	3.1%	2.7%	2.5M	-28.8M	-132.3K	2.36	16.44	464	1,094	22,076	12,092
2013-02-05	$28.84	$25.00	20.7%	6.4%	17.4%	3.1%	21.7%	3.1%	3.2%	2.7M	-31.5M	-136.9K	0.95	15.42	230	219	22,262	12,871
2013-02-06	$29.04	$25.00	20.6%	6.5%	17.3%	2.8%	23.5%	3.3%	2.8%	2.8M	-33.9M	-136.9K	1.45	14.79	193	280	22,280	13,042
2013-02-07	$28.93	$25.00	22.6%	6.5%	17.5%	8.3%	23.2%	3.0%	3.2%	2.9M	-33.0M	-135.3K	0.53	17.30	854	456	22,389	13,231
2013-02-08	$29.31	$25.00	22.1%	6.3%	17.7%	6.9%	26.2%	2.4%	3.5%	2.7M	-38.0M	-138.9K	0.93	16.19	815	756	22,740	13,573
2013-02-11	$29.56	$25.00	21.5%	6.2%	17.1%	5.3%	22.4%	2.8%	3.3%	2.4M	-41.3M	-134.5K	0.25	16.48	572	143	22,845	13,850
2013-02-12	$29.14	$26.00	22.3%	6.4%	18.5%	7.4%	23.0%	2.7%	3.2%	3.2M	-35.8M	-137.5K	1.91	16.13	849	1,621	22,688	13,970
2013-02-13	$29.40	$26.00	22.2%	6.4%	18.4%	7.1%	22.5%	2.1%	3.6%	2.8M	-38.8M	-151.1K	0.36	17.40	1,007	366	22,931	15,556
2013-02-14	$29.48	$26.00	22.0%	6.3%	18.0%	6.8%	22.2%	1.8%	3.5%	2.3M	-39.2M	-152.1K	3.30	15.11	560	1,850	22,856	15,754
2013-02-15	$29.39	$28.00	21.2%	6.1%	15.8%	4.6%	19.7%	3.1%	4.3%	1.3M	-38.3M	-156.1K	0.08	19.18	8,269	680	23,063	17,592
2013-02-19	$29.58	$28.00	21.1%	6.0%	15.8%	4.1%	20.9%	3.2%	4.2%	779.2K	-16.5M	-163.9K	0.38	17.38	841	316	18,050	15,725
2013-02-20	$29.22	$28.00	22.8%	6.5%	16.5%	8.8%	22.9%	2.9%	3.6%	648.0K	-13.2M	-166.9K	0.77	17.68	671	516	18,587	16,016
2013-02-21	$28.58	$28.00	23.4%	6.7%	16.5%	10.4%	24.5%	3.2%	3.7%	479.9K	-7.6M	-166.8K	1.49	25.10	322	481	19,045	16,430
2013-02-22	$29.14	$28.00	23.3%	6.7%	16.5%	10.2%	26.5%	3.2%	3.8%	585.2K	-12.1M	-169.9K	3.52	18.54	102	359	19,091	16,688
2013-02-25	$27.97	$28.00	26.8%	7.7%	21.7%	19.7%	26.9%	4.0%	3.8%	333.9K	-2.4M	-163.1K	1.08	20.89	383	412	19,147	16,937
2013-02-26	$28.06	$28.00	27.0%	7.7%	21.8%	20.2%	27.7%	3.8%	3.8%	335.8K	-2.4M	-164.3K	0.78	18.51	227	176	19,305	17,111
2013-02-27	$28.80	$28.00	23.9%	6.9%	23.7%	12.0%	25.9%	3.9%	4.6%	287.7K	-8.6M	-164.9K	0.17	27.74	1,858	325	19,363	17,148
2013-02-28	$28.85	$28.00	23.6%	6.8%	23.7%	11.1%	23.7%	4.3%	4.8%	338.4K	-8.9M	-165.3K	2.02	20.76	47	95	19,456	17,376