TXT Options History — March 2013

In March 2013, TXT traded between $28.47 and $31.21. ATM implied volatility averaged 25.6%, placing in the 20.1% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded below realized volatility by 0.1% (HV 20d: 25.7%). Max pain ranged from $27.00 to $30.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 1.27.

Notable Days

  • 2013-03-15: Highest Volume — 8,760 contracts
  • 2013-03-14: Largest IV spike — 58.0% change
  • 2013-03-27: Highest IV Rank — 40.8%
  • 2013-03-27: Largest Expected Move — 9.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.19$28.47$31.21$28.47$29.81
Max Pain$28.85$27.00$30.00$28.00$30.00
ATM IV25.6%16.6%32.7%25.8%30.7%
Expected Move8.1%7.4%9.4%7.4%8.8%
HV 20d25.7%23.1%27.3%24.2%23.3%
HV 60d21.2%20.3%22.8%20.3%22.3%
IV Rank20.1%0.0%40.8%17.0%35.6%
IV Percentile22.3%0.0%51.6%18.3%42.9%
Term Structure-1.6%-4.3%4.1%4.1%-3.6%
VWIV28.5%24.9%31.6%24.9%29.9%
Skew 25d4.2%3.6%4.8%4.6%3.9%
Skew 10d8.8%7.3%10.7%10.7%7.8%
Call IV 25d26.6%23.1%30.2%23.1%29.3%
Put IV 25d30.9%27.7%34.8%27.7%33.2%
Bid-Ask Spread %10.215.3723.4623.4613.68
Gamma HHI0.360.170.940.170.20
Net GEX2.0M189.9K16.8M189.9K673.7K
Net DEX-18.5M-32.1M-5.1M-5.1M-10.6M
Net VEX-159.0K-165.8K-148.2K-162.7K-160.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.270.028.443.291.40
Total Volume1,283.42798,760279893
Total OI34,212.3529,82138,73436,88431,763

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2013-03-01$28.47$28.0025.8%7.4%24.2%17.0%24.9%4.6%4.1%189.9K-5.1M-162.7K3.2923.466521419,47317,411
2013-03-04$28.64$29.0023.8%8.2%24.2%11.5%30.7%4.6%-1.1%290.8K-7.0M-159.5K8.449.041211,02119,50417,385
2013-03-05$29.43$29.0023.6%8.1%25.8%11.2%27.2%4.1%-1.2%345.0K-14.0M-158.8K0.3812.0779129819,48617,557
2013-03-06$29.82$29.0022.4%8.0%26.0%7.8%27.7%3.9%-1.2%976.3K-20.0M-157.7K0.238.791,66437519,61216,864
2013-03-07$29.66$29.0022.3%8.0%26.1%7.6%28.8%4.4%-1.2%883.4K-18.9M-160.8K0.445.8942818820,34017,133
2013-03-08$30.40$28.0020.8%8.0%27.3%3.6%28.9%4.2%-1.3%1.7M-26.7M-158.6K0.095.372,01518120,43217,258
2013-03-11$30.70$27.0019.4%7.7%27.1%0.0%28.8%3.6%-1.3%2.2M-32.1M-153.0K0.0811.101,80115121,40917,325
2013-03-12$30.66$28.0019.0%7.6%27.1%0.0%27.1%3.8%-1.1%2.3M-30.7M-153.5K0.047.713831521,15417,384
2013-03-13$30.76$28.0016.6%7.5%26.4%0.0%27.7%3.7%-1.0%3.1M-22.2M-150.7K2.137.6022948817,98517,395
2013-03-14$31.15$29.0026.2%7.5%26.5%24.3%27.1%3.8%-1.3%4.0M-27.8M-148.2K0.715.5939628217,85517,743
2013-03-15$31.05$29.0026.7%7.7%26.6%25.6%25.5%4.3%-1.3%16.8M-29.1M-148.9K0.026.528,60016017,97717,895
2013-03-18$30.92$29.0027.4%7.9%26.7%27.4%27.6%4.3%-1.3%947.2K-19.8M-164.5K0.7714.9445935417,02712,794
2013-03-19$30.70$29.0028.3%8.1%26.8%29.7%28.4%4.8%-2.0%901.9K-18.3M-165.8K0.598.5046627417,24812,950
2013-03-20$31.21$29.0027.9%8.0%26.8%28.5%28.0%4.2%-1.6%1.0M-21.8M-165.1K0.297.773469917,37713,069
2013-03-21$30.71$29.0028.4%8.1%26.1%29.8%29.1%4.7%-1.9%945.5K-18.3M-165.4K1.189.4516219117,46213,119
2013-03-22$30.75$29.0028.5%8.2%25.4%30.2%29.6%4.8%-2.0%966.1K-18.5M-165.4K2.1510.0611123917,53813,178
2013-03-25$29.69$29.0030.9%8.9%24.1%36.2%31.0%4.4%-3.2%724.0K-11.0M-159.8K1.7212.7650687117,63313,373
2013-03-26$29.86$30.0030.6%8.8%24.1%35.5%30.8%4.4%-3.2%670.3K-10.5M-161.9K0.3710.492178117,44214,104
2013-03-27$29.50$30.0032.7%9.4%23.1%40.8%31.6%4.5%-4.3%590.8K-8.3M-159.1K1.0113.4026526817,44014,153
2013-03-28$29.81$30.0030.7%8.8%23.3%35.6%29.9%3.9%-3.6%673.7K-10.6M-160.1K1.4013.6837252117,54114,222