TXT Options History — April 2013

In April 2013, TXT traded between $25.41 and $29.94. ATM implied volatility averaged 32.3%, placing in the 39.7% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded below realized volatility by 7.7% (HV 20d: 40.0%). Max pain ranged from $26.00 to $30.00. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.94.

Notable Days

  • 2013-04-17: Highest Volume — 11,371 contracts
  • 2013-04-11: Largest IV drop — 30.0% change
  • 2013-04-10: Highest IV Rank — 67.0%
  • 2013-04-16: Largest Expected Move — 10.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.60$25.41$29.94$29.19$25.75
Max Pain$28.32$26.00$30.00$30.00$27.00
ATM IV32.3%26.2%43.1%35.2%26.6%
Expected Move8.8%7.5%10.4%10.1%7.6%
HV 20d40.0%20.8%60.0%24.1%59.2%
HV 60d30.3%22.2%39.1%22.2%39.1%
IV Rank39.7%24.3%67.0%47.0%25.2%
IV Percentile50.8%23.0%92.1%64.3%25.0%
Term Structure-2.1%-6.6%0.9%-6.0%0.9%
VWIV30.6%26.1%36.8%35.4%27.1%
Skew 25d3.6%2.5%4.4%3.6%2.5%
Skew 10d8.0%4.6%17.5%6.4%4.6%
Call IV 25d29.3%25.0%35.0%33.5%26.3%
Put IV 25d32.9%28.1%38.8%37.1%28.7%
Bid-Ask Spread %15.407.5321.7115.8618.52
Gamma HHI0.140.120.180.170.18
Net GEX289.0K-123.2K777.9K531.7K30.6K
Net DEX1.1M-13.7M22.0M-6.4M7.5M
Net VEX-158.3K-173.8K-126.0K-154.8K-156.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.940.342.550.960.34
Total Volume2,195.72713011,3711,2531,122
Total OI36,007.63632,10545,13832,10536,633

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2013-04-01$29.19$30.0035.2%10.1%24.1%47.0%35.4%3.6%-6.0%531.7K-6.4M-154.8K0.9615.8663861517,73214,373
2013-04-02$28.77$30.0034.7%9.9%24.7%45.7%34.4%3.6%-5.9%434.4K-3.8M-151.5K2.5517.3730577917,97314,546
2013-04-03$28.52$30.0035.5%10.2%22.7%47.9%35.8%3.6%-6.5%372.8K-2.3M-150.3K0.3415.111,60954217,85714,567
2013-04-04$28.79$29.0036.1%10.3%22.4%49.3%36.8%3.8%-6.6%454.5K-4.9M-169.2K1.6012.7641666718,97614,974
2013-04-05$28.56$29.0037.1%8.7%22.5%51.8%30.3%4.0%-1.5%408.1K-3.2M-173.8K0.8613.9632427819,05715,470
2013-04-08$28.97$29.0039.8%8.7%21.1%58.6%33.2%3.5%-1.5%495.7K-6.0M-173.5K1.6210.6914122819,08215,559
2013-04-09$28.68$29.0040.5%8.7%20.8%60.4%30.7%3.6%-1.6%402.2K-3.7M-169.5K1.2014.62597119,09015,688
2013-04-10$29.14$29.0043.1%8.9%21.9%67.0%32.0%3.6%-2.0%528.9K-7.1M-171.5K1.1312.0645351119,13615,728
2013-04-11$29.94$29.0030.2%8.7%24.2%34.4%29.9%3.2%-2.0%777.9K-13.7M-173.8K0.427.531,29754019,29816,110
2013-04-12$29.81$29.0030.3%8.7%23.7%34.6%30.2%3.2%-2.4%726.9K-12.2M-170.2K0.8010.2039931919,16216,066
2013-04-15$28.48$29.0035.1%10.1%28.3%46.7%33.1%3.9%-4.9%360.3K-2.8M-160.5K0.4316.2255023919,43515,951
2013-04-16$29.35$29.0036.4%10.4%30.8%50.1%36.1%3.4%-6.1%660.6K-9.7M-166.0K0.8219.054,6643,80919,73015,981
2013-04-17$25.41$29.0030.5%8.7%59.0%35.1%29.9%4.4%-1.3%-123.2K22.0M-126.0K1.3215.834,8936,47823,19618,595
2013-04-18$25.76$28.0028.9%8.3%58.8%31.1%29.1%3.7%-0.4%-18.1K17.2M-133.8K1.3015.431,7372,25624,54719,589
2013-04-19$26.35$27.0027.6%7.9%59.9%27.9%28.3%3.9%0.3%94.8K12.5M-140.9K0.4514.603,3371,49324,88220,256
2013-04-22$25.78$27.0028.0%8.0%60.0%28.9%27.6%3.5%-0.1%11.9K7.4M-153.1K1.4916.0264195617,65516,427
2013-04-23$25.72$27.0027.4%7.9%59.2%27.4%27.3%4.0%-0.2%-12.0K8.0M-154.7K0.5616.991,41078917,99816,889
2013-04-24$25.76$27.0027.3%7.8%59.1%27.0%27.8%3.9%0.0%-2.4K7.9M-157.0K0.4519.3944320018,44117,275
2013-04-25$26.18$26.0026.6%7.6%59.6%25.4%26.1%3.1%0.3%90.8K5.2M-161.1K0.5814.6565837918,61917,315
2013-04-26$26.06$27.0026.2%7.5%59.3%24.3%26.2%3.1%0.5%49.9K6.4M-156.8K0.7121.7166947618,55817,319
2013-04-29$26.14$27.0027.5%7.9%59.2%27.6%27.0%3.1%-0.1%80.9K5.4M-159.2K0.7320.1952938719,05217,381
2013-04-30$25.75$27.0026.6%7.6%59.2%25.2%27.1%2.5%0.9%30.6K7.5M-156.3K0.3418.5283728519,20317,430