TXT Options History — May 2014

In May 2014, TXT traded between $38.08 and $39.99. ATM implied volatility averaged 22.4%, placing in the 8.2% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded below realized volatility by 6.7% (HV 20d: 29.1%). 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 20 of 21 days. Put/call ratio averaged 0.57.

Notable Days

  • 2014-05-16: Highest Volume — 3,402 contracts
  • 2014-05-15: Largest IV spike — 12.7% change
  • 2014-05-05: Highest IV Rank — 12.7%
  • 2014-05-20: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.01$38.08$39.99$38.98$39.22
Max Pain$35.00$35.00$35.00$35.00$35.00
ATM IV22.4%20.1%23.8%23.3%20.1%
Expected Move8.2%7.9%8.7%8.2%8.1%
HV 20d29.1%20.2%34.5%34.5%20.2%
HV 60d27.4%26.4%28.1%28.1%26.4%
IV Rank8.2%0.0%12.7%11.1%0.0%
IV Percentile10.0%0.0%19.4%14.7%0.0%
Term Structure3.4%-0.2%5.7%-0.2%5.7%
VWIV30.6%26.8%36.0%34.0%28.2%
Skew 25d3.0%2.4%4.3%3.3%2.4%
Skew 10d7.2%4.7%12.0%7.2%5.5%
Call IV 25d21.8%19.6%23.1%23.1%19.6%
Put IV 25d24.8%21.9%26.4%26.3%21.9%
Bid-Ask Spread %39.0526.1063.4337.0526.10
Gamma HHI0.160.100.240.120.18
Net GEX792.9K231.1K1.5M285.9K1.3M
Net DEX-16.0M-23.5M-10.1M-12.0M-21.3M
Net VEX-134.8K-151.0K-116.0K-119.2K-139.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.022.371.240.22
Total Volume1,196.0953713,4022,473371
Total OI25,668.1922,35328,02322,35326,799

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-05-01$38.98$35.0023.3%8.2%34.5%11.1%34.0%3.3%-0.2%285.9K-12.0M-119.2K1.2437.051,1031,37011,37310,980
2014-05-02$39.05$35.0022.8%8.4%34.5%9.1%29.3%4.3%0.3%280.9K-11.7M-122.9K0.4133.0180433311,65211,365
2014-05-05$39.38$35.0023.8%8.3%33.4%12.7%0.0%3.0%3.3%231.1K-12.7M-116.1K0.4331.5049421211,44211,436
2014-05-06$38.95$35.0023.5%7.9%32.6%11.7%31.1%3.4%3.3%259.2K-10.4M-116.0K0.2356.561,91744211,76811,576
2014-05-07$38.95$35.0023.3%8.3%32.6%10.9%26.8%3.8%3.5%383.6K-11.2M-131.2K0.2629.113809713,45811,849
2014-05-08$38.70$35.0022.9%7.9%30.9%9.5%0.0%3.4%3.2%433.7K-10.8M-131.1K0.5260.5577940613,78711,879
2014-05-09$38.46$35.0022.4%8.6%28.4%7.8%0.0%3.1%3.4%583.6K-10.1M-129.8K0.1830.1862211414,42111,665
2014-05-12$39.86$35.0022.4%8.2%29.0%7.5%0.0%2.8%3.6%664.5K-20.5M-131.2K1.5732.6355286914,32711,703
2014-05-13$39.99$35.0020.9%8.3%28.9%2.2%29.1%3.3%3.8%566.8K-19.9M-137.3K0.6732.3935824114,34612,290
2014-05-14$39.70$35.0020.1%8.3%29.1%0.0%30.6%2.8%4.0%576.0K-18.1M-132.8K1.6861.9716327414,35912,452
2014-05-15$39.17$35.0022.7%8.3%27.6%9.5%27.4%2.7%3.9%747.8K-13.7M-131.8K0.7934.8530924514,21312,446
2014-05-16$39.22$35.0023.4%8.3%26.9%12.2%33.3%2.8%3.2%1.1M-14.6M-134.6K0.1331.233,00739514,31612,285
2014-05-19$39.25$35.0022.9%8.3%26.9%10.4%0.0%3.5%3.1%1.0M-20.1M-141.2K0.2832.0865118113,8709,920
2014-05-20$38.09$35.0023.4%8.7%28.2%12.0%0.0%2.7%2.9%889.7K-14.0M-136.5K2.3759.096051,43314,31710,066
2014-05-21$38.10$35.0022.6%8.5%28.1%9.0%0.0%2.4%3.7%844.2K-13.1M-143.2K0.3136.6241112914,54011,396
2014-05-22$38.08$35.0022.7%7.9%28.0%9.3%0.0%2.7%4.0%818.4K-12.9M-141.9K0.0263.431,3342314,44911,477
2014-05-23$38.78$35.0022.1%8.2%28.6%7.4%30.6%2.7%4.3%1.2M-19.8M-151.0K0.1035.411,02010015,70211,481
2014-05-27$39.01$35.0022.6%8.2%28.7%9.0%0.0%2.8%4.2%1.5M-21.8M-147.5K0.1531.273425016,26811,497
2014-05-28$39.09$35.0022.6%8.2%27.9%9.1%36.0%2.4%3.9%1.5M-23.1M-148.6K0.3632.4031611516,33311,506
2014-05-29$39.27$35.0020.6%8.2%26.6%1.6%0.0%3.4%5.2%1.5M-23.5M-148.2K0.0932.632,33521616,42911,594
2014-05-30$39.22$35.0020.1%8.1%20.2%0.0%28.2%2.4%5.7%1.3M-21.3M-139.4K0.2226.103046715,16711,632