TXT Options History — May 2013

In May 2013, TXT traded between $24.88 and $28.25. ATM implied volatility averaged 26.6%, placing in the 25.4% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded below realized volatility by 15.7% (HV 20d: 42.3%). Max pain ranged from $27.00 to $27.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 0.62.

Notable Days

  • 2013-05-07: Highest Volume — 3,053 contracts
  • 2013-05-13: Largest IV spike — 10.1% change
  • 2013-05-01: Highest IV Rank — 29.3%
  • 2013-05-01: Largest Expected Move — 8.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.09$24.88$28.25$24.88$26.96
Max Pain$27.00$27.00$27.00$27.00$27.00
ATM IV26.6%24.8%28.2%28.2%27.7%
Expected Move7.8%7.3%8.1%8.1%7.9%
HV 20d42.3%24.6%62.9%60.0%25.5%
HV 60d40.4%39.6%40.9%39.6%40.0%
IV Rank25.4%20.7%29.3%29.3%28.0%
IV Percentile28.1%16.3%40.9%33.7%38.5%
Term Structure2.5%0.0%4.3%0.0%4.3%
VWIV27.5%25.6%29.4%27.9%28.3%
Skew 25d3.3%2.2%4.3%2.8%3.7%
Skew 10d6.6%2.1%8.6%2.1%7.8%
Call IV 25d26.0%25.0%27.4%27.4%26.5%
Put IV 25d29.4%27.9%30.9%30.2%30.2%
Bid-Ask Spread %16.5011.7922.6320.6921.68
Gamma HHI0.150.140.180.180.15
Net GEX404.6K-102.4K688.4K-102.4K289.5K
Net DEX-4.3M-17.7M12.2M12.2M-1.2M
Net VEX-173.6K-184.3K-147.4K-147.4K-169.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.620.111.590.860.65
Total Volume1,327.52723,053786589
Total OI41,037.45537,28644,86237,28640,677

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2013-05-01$24.88$27.0028.2%8.1%60.0%29.3%27.9%2.8%0.0%-102.4K12.2M-147.4K0.8620.6942236419,71517,571
2013-05-02$25.57$27.0026.9%7.7%61.0%26.0%27.9%2.2%0.7%34.6K8.2M-155.5K0.4319.611,31556219,97117,651
2013-05-03$25.72$27.0025.5%7.3%61.2%22.6%25.6%2.4%1.6%71.2K6.7M-159.8K0.8216.891,2541,02620,79718,093
2013-05-06$26.76$27.0025.9%7.7%62.9%23.5%27.7%3.0%1.6%294.2K-924.7K-171.5K0.3413.471,60353721,60618,437
2013-05-07$26.90$27.0026.8%7.9%62.9%25.9%27.5%3.4%1.4%352.4K-2.5M-173.5K0.5619.081,9561,09722,34318,507
2013-05-08$26.73$27.0026.1%7.9%62.5%23.9%27.6%3.4%1.4%335.5K-923.5K-174.8K0.7611.7967351323,13619,199
2013-05-09$27.04$27.0025.9%8.0%61.7%23.6%27.3%3.3%1.5%421.8K-3.9M-181.9K0.1815.921,67029423,66219,545
2013-05-10$27.13$27.0025.1%7.9%61.8%21.5%28.8%3.4%1.8%540.9K-5.6M-184.3K0.7412.6418613724,85419,711
2013-05-13$27.15$27.0027.6%8.0%59.9%27.9%27.6%3.2%1.8%588.0K-6.2M-180.2K0.3012.662096324,94219,718
2013-05-14$27.32$27.0027.1%8.0%58.7%26.6%28.1%3.5%1.6%638.5K-8.0M-179.8K0.1113.398358924,96919,705
2013-05-15$27.61$27.0024.8%7.6%26.4%20.7%27.5%3.3%2.1%688.4K-11.1M-181.8K0.3413.0886729225,16319,699
2013-05-16$27.60$27.0026.3%7.5%26.2%24.5%27.4%3.4%2.3%611.3K-10.3M-178.2K0.5219.3728714924,84319,447
2013-05-17$28.25$27.0026.1%7.5%26.3%24.1%26.3%3.3%2.7%640.8K-17.7M-178.8K0.5216.431,80393224,74619,333
2013-05-20$28.20$27.0026.4%7.6%24.6%24.9%26.7%3.4%2.7%584.7K-12.9M-179.4K0.3513.811,46650620,81617,362
2013-05-21$28.09$27.0026.2%7.5%24.7%24.3%26.7%3.4%3.6%496.2K-10.8M-177.4K0.7314.2742931520,48617,696
2013-05-22$27.28$27.0027.0%7.7%27.4%26.3%26.3%3.4%3.4%385.8K-4.8M-173.2K1.5922.639451,50020,66617,836
2013-05-23$27.15$27.0027.3%7.8%27.1%27.0%27.6%3.7%3.5%368.0K-3.5M-173.9K0.6316.1166442120,72718,333
2013-05-24$27.51$27.0026.3%7.5%27.3%24.6%27.1%3.3%4.1%431.9K-6.6M-176.6K0.6717.6491661220,94718,594
2013-05-28$27.80$27.0026.5%7.6%27.4%25.1%26.3%3.2%4.3%530.3K-9.6M-176.8K0.2516.0944311121,45118,881
2013-05-29$26.94$27.0028.0%8.0%29.4%28.9%29.4%4.3%3.8%318.3K-1.7M-171.9K1.5014.7731346921,41418,947
2013-05-30$27.32$27.0027.9%8.0%26.2%28.5%28.4%4.2%4.2%380.6K-4.2M-173.7K0.7121.0021715421,45619,172
2013-05-31$26.96$27.0027.7%7.9%25.5%28.0%28.3%3.7%4.3%289.5K-1.2M-169.3K0.6521.6835823121,41319,264