TXT Options History — August 2014

In August 2014, TXT traded between $36.15 and $39.03. ATM implied volatility averaged 20.7%, placing in the 8.0% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 1.5% (HV 20d: 19.2%). Max pain ranged from $37.00 to $39.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.80.

Notable Days

  • 2014-08-13: Highest Volume — 1,809 contracts
  • 2014-08-13: Largest IV drop — 14.4% change
  • 2014-08-01: Highest IV Rank — 24.2%
  • 2014-08-07: Largest Expected Move — 8.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.75$36.15$39.03$36.20$38.00
Max Pain$38.29$37.00$39.00$38.00$37.00
ATM IV20.7%17.8%25.7%25.7%18.7%
Expected Move7.6%7.3%8.1%8.0%7.4%
HV 20d19.2%17.7%20.7%18.6%18.3%
HV 60d19.3%18.3%19.9%19.7%19.4%
IV Rank8.0%0.0%24.2%24.2%3.3%
IV Percentile13.5%0.0%50.8%50.8%3.6%
Term Structure4.2%-0.8%6.0%-0.8%6.0%
VWIV27.7%24.8%32.5%26.9%26.0%
Skew 25d2.8%1.8%3.9%2.7%2.5%
Skew 10d7.3%4.8%16.8%5.8%6.7%
Call IV 25d20.2%17.0%24.8%24.8%18.2%
Put IV 25d23.0%19.8%27.5%27.5%20.8%
Bid-Ask Spread %34.4123.0643.4334.4241.15
Gamma HHI0.140.110.200.110.18
Net GEX551.5K271.6K979.1K274.4K408.6K
Net DEX-10.0M-17.2M-2.2M-2.2M-9.3M
Net VEX-118.0K-122.5K-111.9K-122.2K-111.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.071.340.850.28
Total Volume724.811911,8091,0211,119
Total OI25,210.28624,09026,52324,60725,950

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-08-01$36.20$38.0025.7%8.0%18.6%24.2%0.0%2.7%-0.8%274.4K-2.2M-122.2K0.8534.4255246914,20510,402
2014-08-04$36.24$38.0024.6%8.0%17.9%20.3%26.9%2.3%2.0%271.6K-2.3M-117.4K0.8327.6160450414,19810,360
2014-08-05$36.53$38.0024.5%7.8%17.7%19.7%29.2%2.8%2.3%326.9K-3.6M-117.8K0.3230.0949015514,18310,280
2014-08-06$36.16$39.0024.9%8.1%17.8%21.4%0.0%3.0%2.2%305.7K-2.4M-118.5K0.0723.827295214,38610,375
2014-08-07$36.15$39.0024.8%8.1%17.8%20.9%32.5%2.9%2.2%330.4K-2.4M-119.2K0.8223.061098914,65310,413
2014-08-08$37.31$39.0022.7%7.7%20.7%13.1%28.5%3.9%3.2%558.4K-7.8M-122.2K0.8733.8733529114,64210,417
2014-08-11$37.80$39.0021.6%7.7%20.2%9.1%26.6%2.3%3.9%714.7K-11.4M-121.8K0.8226.0745937814,68010,499
2014-08-12$37.57$39.0021.6%7.7%20.2%8.9%29.5%3.0%3.9%659.9K-9.8M-119.6K0.6028.7778947614,72910,682
2014-08-13$38.22$39.0018.5%7.8%20.3%0.0%28.8%1.8%4.8%979.1K-14.4M-121.7K1.3432.727731,03615,18810,870
2014-08-14$37.74$39.0020.7%7.4%19.9%8.0%27.2%2.5%4.7%775.1K-10.2M-122.5K1.1032.5310711815,12711,378
2014-08-15$37.49$38.0021.1%7.6%19.4%9.4%26.4%2.5%4.1%533.1K-7.9M-120.4K1.2933.7039150515,14711,376
2014-08-18$37.97$38.0019.1%7.6%20.1%2.4%24.8%2.7%5.2%397.0K-10.1M-117.4K0.7832.5046736213,36310,727
2014-08-19$38.29$38.0018.5%7.4%20.3%0.1%0.0%3.5%5.1%489.1K-11.4M-118.6K0.6936.3245331413,65610,784
2014-08-20$38.94$38.0018.2%7.3%20.2%0.0%26.6%2.8%5.3%709.8K-17.2M-116.1K0.2543.4357214413,80610,837
2014-08-21$39.03$38.0018.1%7.3%20.1%0.0%0.0%3.6%5.6%741.2K-16.6M-119.6K0.9441.6223322014,12410,790
2014-08-22$38.85$38.0017.8%7.4%19.8%0.0%30.4%2.9%5.7%734.1K-16.4M-117.1K1.2540.538510614,26010,885
2014-08-25$38.93$38.0018.1%7.4%18.6%1.0%28.6%2.5%5.9%781.3K-17.2M-114.2K1.3142.1129839014,27010,962
2014-08-26$38.76$38.0017.9%7.3%18.3%0.4%26.0%2.8%5.9%632.9K-15.2M-115.2K0.8739.4612510914,33611,271
2014-08-27$38.50$38.0018.6%7.4%18.6%3.0%0.0%2.1%5.9%547.9K-12.9M-113.6K0.9137.2812611514,32411,257
2014-08-28$38.01$38.0018.6%7.7%18.5%2.9%25.7%2.9%5.9%410.9K-9.8M-112.1K0.6741.5634223014,35111,273
2014-08-29$38.00$37.0018.7%7.4%18.3%3.3%26.0%2.5%6.0%408.6K-9.3M-111.9K0.2841.1587224714,61411,336