TXT Options History — November 2013

In November 2013, TXT traded between $29.00 and $33.25. ATM implied volatility averaged 23.1%, placing in the 21.4% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded above realized volatility by 3.9% (HV 20d: 19.2%). Max pain ranged from $27.00 to $35.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 1.26.

Notable Days

  • 2013-11-27: Highest Volume — 11,423 contracts
  • 2013-11-14: Largest IV spike — 12.7% change
  • 2013-11-25: Highest IV Rank — 30.8%
  • 2013-11-25: Largest Expected Move — 9.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.86$29.00$33.25$29.00$33.23
Max Pain$30.71$27.00$35.00$27.00$32.00
ATM IV23.1%20.9%26.1%21.7%25.8%
Expected Move8.2%6.2%9.0%6.2%8.8%
HV 20d19.2%16.8%20.7%20.4%20.1%
HV 60d22.2%21.1%23.3%23.1%21.5%
IV Rank21.4%14.2%30.8%16.8%30.2%
IV Percentile18.8%4.8%43.3%8.3%41.7%
Term Structure0.8%-0.1%1.6%1.2%1.0%
VWIV29.7%22.9%38.2%22.9%31.3%
Skew 25d0.5%-0.3%1.2%0.7%1.2%
Skew 10d1.6%-0.8%7.3%1.3%7.3%
Call IV 25d24.2%22.1%26.5%22.1%26.4%
Put IV 25d24.7%22.4%27.5%22.8%27.5%
Bid-Ask Spread %14.459.7122.2811.5121.54
Gamma HHI0.260.200.320.230.20
Net GEX1.7M611.5K3.1M914.1K3.1M
Net DEX-37.6M-71.4M-19.0M-19.0M-71.4M
Net VEX-145.9K-196.4K-128.2K-131.0K-196.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.260.038.390.060.93
Total Volume3,761.7529411,423635345
Total OI45,211.936,14860,83036,14860,830

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2013-11-01$29.00$27.0021.7%6.2%20.4%16.8%22.9%0.7%1.2%914.1K-19.0M-131.0K0.0611.515983721,15014,998
2013-11-04$29.46$27.0023.2%6.7%20.3%21.6%23.5%0.7%1.1%1.1M-23.3M-128.4K0.1212.555045821,59615,022
2013-11-05$29.10$27.0022.4%6.6%20.5%18.9%24.4%1.1%1.2%1.0M-20.1M-128.6K0.6412.0717911521,84815,033
2013-11-06$29.45$27.0022.7%6.6%20.4%20.0%24.7%0.9%1.2%1.2M-23.5M-128.2K0.6112.9228917721,98615,043
2013-11-07$29.38$27.0023.0%7.3%18.3%20.9%25.8%1.0%-0.1%1.1M-23.4M-130.9K8.3912.516125,13222,18515,157
2013-11-08$30.28$29.0021.9%7.2%20.6%17.4%25.6%1.2%0.1%887.0K-27.9M-144.2K1.2114.731,7822,15622,46419,585
2013-11-11$30.34$0.0023.3%8.8%20.5%22.0%0.0%0.3%0.7%611.5K-27.0M-153.1K3.3122.281,1393,76523,65323,779
2013-11-12$30.67$0.0022.2%8.9%17.6%18.3%0.0%0.1%0.3%1.3M-34.7M-140.6K1.5312.2846070324,62120,397
2013-11-13$31.08$0.0020.9%8.7%17.5%14.2%29.5%0.8%0.6%1.5M-39.1M-136.0K0.0315.085,62617824,61320,185
2013-11-14$30.67$32.0023.6%9.0%18.5%22.8%29.8%-0.2%0.3%1.8M-35.5M-149.2K0.1812.771,17621227,90919,962
2013-11-15$30.65$35.0022.8%8.9%16.9%20.4%30.4%0.1%0.7%1.5M-33.3M-142.4K4.049.713001,21326,90120,043
2013-11-18$30.67$35.0022.9%8.8%16.8%20.7%35.6%0.0%0.5%1.4M-28.7M-136.7K1.0016.181,7131,70724,89117,481
2013-11-19$30.40$32.0022.0%8.8%17.3%17.8%33.7%-0.1%1.6%1.3M-26.6M-136.9K1.5814.0731349525,71917,640
2013-11-20$30.51$32.0022.2%8.7%17.3%18.4%0.0%-0.3%1.3%1.4M-27.9M-137.3K0.0320.056,67622725,74117,403
2013-11-21$31.51$32.0022.2%8.6%19.5%18.4%0.0%-0.0%0.8%2.7M-45.6M-144.9K0.4913.4883741331,28417,384
2013-11-22$31.98$32.0024.2%8.7%19.8%24.7%36.7%0.3%1.0%2.2M-49.5M-143.2K0.5515.934,3022,36628,89017,540
2013-11-25$32.71$32.0026.1%9.0%20.6%30.8%38.2%0.2%0.4%2.4M-61.2M-156.9K0.1210.189,9481,22131,59419,067
2013-11-26$32.77$32.0024.2%8.9%20.7%24.9%33.1%0.5%1.4%3.1M-67.0M-182.3K0.179.925,8221,01636,56319,459
2013-11-27$33.25$32.0025.2%8.9%20.5%28.1%31.3%1.1%0.9%2.7M-68.1M-170.7K0.2419.289,2082,21534,63519,987
2013-11-29$33.23$32.0025.8%8.8%20.1%30.2%0.0%1.2%1.0%3.1M-71.4M-196.4K0.9321.5417916639,15721,673