TXT Options History — April 2014

In April 2014, TXT traded between $36.96 and $40.90. ATM implied volatility averaged 30.1%, placing in the 36.3% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded above realized volatility by 1.3% (HV 20d: 28.8%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.49.

Notable Days

  • 2014-04-30: Highest Volume — 2,141 contracts
  • 2014-04-10: Largest IV spike — 49.3% change
  • 2014-04-28: Highest IV Rank — 59.2%
  • 2014-04-11: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.16$36.96$40.90$39.89$40.90
Max Pain$35.00$35.00$35.00$35.00$35.00
ATM IV30.1%21.5%36.3%21.8%33.1%
Expected Move8.6%8.2%9.1%8.5%8.3%
HV 20d28.8%22.9%32.5%22.9%30.2%
HV 60d28.3%26.5%30.4%27.4%26.5%
IV Rank36.3%4.3%59.2%5.6%47.5%
IV Percentile62.0%0.8%93.3%2.4%83.7%
Term Structure-2.8%-8.0%8.6%7.4%-6.6%
VWIV30.8%26.2%38.2%27.8%33.4%
Skew 25d3.7%2.4%5.1%2.4%3.6%
Skew 10d7.7%1.6%11.4%4.9%8.5%
Call IV 25d30.3%20.7%34.7%21.3%32.0%
Put IV 25d34.1%23.6%38.4%23.7%35.6%
Bid-Ask Spread %33.7026.6547.9630.2231.10
Gamma HHI0.150.110.260.190.13
Net GEX503.7K191.8K782.9K769.8K553.0K
Net DEX-16.1M-23.9M-4.9M-21.3M-23.4M
Net VEX-122.8K-127.8K-115.2K-127.4K-115.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.490.144.730.511.73
Total Volume812.0951222,1413212,141
Total OI21,458.38119,03123,87120,77120,923

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-04-01$39.89$35.0021.8%8.5%22.9%5.6%0.0%2.4%7.4%769.8K-21.3M-127.4K0.5130.2221210911,2229,549
2014-04-02$40.43$35.0021.8%8.6%23.4%5.6%27.8%2.7%8.0%782.9K-23.9M-124.6K1.4331.4630443411,2979,599
2014-04-03$40.10$35.0021.5%8.6%23.6%4.3%33.2%3.4%8.6%750.9K-21.9M-125.8K1.6831.1430250611,3809,871
2014-04-04$39.08$35.0023.0%8.5%25.3%10.0%31.7%4.0%-2.8%613.1K-16.5M-127.8K0.7739.2030723511,50110,146
2014-04-07$38.22$35.0025.7%8.9%26.0%19.8%30.2%4.1%-3.0%419.1K-11.1M-126.4K0.2829.9794026411,53510,241
2014-04-08$38.17$35.0025.1%8.6%25.8%17.8%28.5%4.4%-3.1%407.8K-11.2M-125.4K0.2447.0362514711,42410,316
2014-04-09$39.29$35.0022.7%8.6%27.6%8.8%0.0%3.9%-3.2%655.7K-17.5M-127.4K0.1430.034255911,68110,344
2014-04-10$37.97$35.0033.9%9.1%28.9%50.3%0.0%4.7%-3.6%462.2K-10.6M-126.5K1.6729.3926343911,77610,372
2014-04-11$36.96$35.0034.7%9.1%30.5%53.5%38.2%4.5%-3.5%191.8K-4.9M-124.5K1.5427.3050677811,89710,655
2014-04-14$37.37$35.0035.1%9.0%30.1%54.7%30.4%5.1%-4.0%217.5K-6.2M-123.7K2.7631.1618149912,14311,239
2014-04-15$37.71$35.0034.0%8.9%30.0%50.9%0.0%3.9%-4.0%355.2K-8.0M-125.2K0.3734.5528010412,22311,648
2014-04-16$38.89$35.0032.8%8.5%32.0%46.2%0.0%3.7%-3.3%554.1K-15.5M-121.8K1.0131.0219019212,03211,495
2014-04-17$39.54$35.0031.0%8.5%32.5%39.7%0.0%3.2%-3.4%705.4K-20.6M-116.3K0.2826.651,37639012,10511,502
2014-04-21$39.44$35.0031.8%8.4%32.5%42.7%0.0%3.0%-4.1%411.3K-16.8M-118.1K0.2932.13273799,9639,068
2014-04-22$40.06$35.0032.0%8.4%32.4%43.5%0.0%3.0%-5.0%461.8K-19.3M-117.5K0.5732.6059133610,1529,108
2014-04-23$40.15$35.0033.0%8.5%31.2%47.0%28.0%3.6%-5.6%484.3K-19.8M-119.6K3.6031.983411,22810,4469,353
2014-04-24$39.73$35.0032.4%8.3%30.2%45.0%0.0%4.1%-5.2%452.9K-17.9M-121.7K4.3346.3114964510,6859,706
2014-04-25$39.26$35.0034.2%8.4%30.5%51.6%31.2%3.3%-6.1%434.1K-16.2M-122.8K4.7330.9511353410,7729,686
2014-04-28$39.26$35.0036.3%8.5%29.7%59.2%26.2%3.6%-7.4%417.1K-16.0M-120.9K1.1835.51566610,8589,926
2014-04-29$39.99$35.0035.9%8.2%29.6%57.9%33.4%3.9%-8.0%477.8K-18.8M-119.9K2.1847.9613729810,8829,905
2014-04-30$40.90$35.0033.1%8.3%30.2%47.5%0.0%3.6%-6.6%553.0K-23.4M-115.2K1.7331.107831,35810,9649,959