TXT Options History — November 2014

In November 2014, TXT traded between $41.41 and $44.23. ATM implied volatility averaged 21.1%, placing in the 5.6% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded below realized volatility by 8.8% (HV 20d: 29.9%). Max pain ranged from $38.00 to $40.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 1.20.

Notable Days

2014-11-20: Highest Volume — 7,659 contracts
2014-11-13: Largest IV spike — 5.3% change
2014-11-04: Highest IV Rank — 9.7%
2014-11-04: Largest Expected Move — 7.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$42.47	$41.41	$44.23	$41.42	$43.32
Max Pain	$39.63	$38.00	$40.00	$38.00	$40.00
ATM IV	21.1%	19.1%	23.5%	23.4%	20.6%
Expected Move	7.4%	7.0%	7.7%	7.6%	7.4%
HV 20d	29.9%	13.3%	48.4%	48.4%	13.9%
HV 60d	32.2%	32.0%	32.4%	32.4%	32.1%
IV Rank	5.6%	2.1%	9.7%	9.6%	4.7%
IV Percentile	16.3%	4.8%	37.3%	36.5%	15.1%
Term Structure	0.9%	-0.2%	1.8%	-0.1%	0.5%
VWIV	27.5%	24.8%	28.7%	28.1%	26.3%
Skew 25d	2.9%	2.0%	5.1%	5.1%	3.1%
Skew 10d	6.8%	3.5%	15.3%	15.3%	4.9%
Call IV 25d	20.6%	18.6%	22.6%	22.6%	19.4%
Put IV 25d	23.5%	21.0%	27.7%	27.7%	22.5%
Bid-Ask Spread %	28.97	14.95	51.34	33.86	18.21
Gamma HHI	0.27	0.25	0.35	0.26	0.25
Net GEX	1.9M	1.0M	3.3M	1.0M	1.8M
Net DEX	-56.6M	-80.9M	-43.8M	-43.8M	-57.7M
Net VEX	-243.2K	-261.3K	-217.5K	-256.3K	-221.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.20	0.02	2.51	0.84	0.88
Total Volume	3,634.211	139	7,659	4,718	139
Total OI	49,751.368	44,890	54,073	48,055	45,533

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2014-11-03	$41.42	$38.00	23.4%	7.6%	48.4%	9.6%	28.1%	5.1%	-0.1%	1.0M	-43.8M	-256.3K	0.84	33.86	2,568	2,150	23,537	24,518
2014-11-04	$41.41	$38.00	23.5%	7.7%	45.9%	9.7%	28.3%	3.7%	-0.2%	1.3M	-44.6M	-261.3K	0.80	32.78	2,526	2,032	24,133	24,546
2014-11-05	$42.06	$38.00	22.6%	7.7%	45.9%	8.1%	28.1%	2.7%	0.5%	1.3M	-51.1M	-256.3K	1.74	30.34	1,538	2,681	24,300	24,687
2014-11-06	$42.22	$40.00	22.1%	7.6%	42.8%	7.4%	28.6%	2.5%	0.7%	1.4M	-52.6M	-256.2K	1.82	27.81	1,449	2,639	24,447	25,111
2014-11-07	$41.87	$40.00	21.4%	7.5%	42.7%	6.2%	28.6%	2.5%	0.6%	1.3M	-48.3M	-259.4K	1.24	30.85	1,654	2,056	24,575	25,286
2014-11-10	$42.03	$40.00	21.3%	7.7%	40.2%	5.9%	28.7%	2.8%	0.9%	1.7M	-51.7M	-255.5K	1.90	30.02	1,242	2,362	25,077	25,295
2014-11-11	$41.80	$39.00	20.7%	7.5%	37.9%	5.0%	28.4%	3.1%	0.6%	1.6M	-50.7M	-249.7K	2.51	32.10	1,013	2,540	24,944	24,586
2014-11-12	$42.07	$40.00	20.4%	7.5%	37.3%	4.4%	28.3%	3.1%	1.3%	1.8M	-51.6M	-251.6K	2.05	32.84	1,259	2,584	25,298	25,468
2014-11-13	$42.10	$40.00	21.5%	7.4%	37.1%	6.2%	28.6%	2.8%	1.4%	1.8M	-53.9M	-250.2K	1.73	31.28	1,355	2,343	25,433	25,572
2014-11-14	$41.74	$40.00	22.4%	7.7%	25.5%	7.9%	26.5%	3.1%	0.8%	1.7M	-49.6M	-252.6K	0.04	51.34	4,218	171	25,514	25,638
2014-11-17	$41.80	$40.00	21.4%	7.5%	25.2%	6.1%	28.0%	2.4%	1.3%	3.3M	-55.0M	-244.1K	0.84	35.26	2,755	2,325	27,873	25,706
2014-11-18	$42.46	$40.00	21.5%	7.4%	24.3%	6.3%	28.1%	2.5%	0.4%	2.9M	-63.2M	-237.9K	1.39	25.40	1,577	2,197	27,116	25,639
2014-11-19	$42.83	$40.00	20.4%	7.3%	21.3%	4.4%	25.9%	2.3%	1.0%	2.7M	-67.0M	-236.6K	0.02	29.60	1,598	38	27,174	25,716
2014-11-20	$43.03	$40.00	20.2%	7.3%	17.3%	4.1%	27.3%	2.5%	1.4%	2.5M	-70.5M	-235.0K	0.48	35.40	5,189	2,470	27,451	25,423
2014-11-21	$43.57	$40.00	19.3%	7.0%	17.1%	2.6%	26.6%	2.7%	1.2%	2.4M	-80.9M	-226.8K	1.29	24.91	2,360	3,045	28,591	25,482
2014-11-24	$44.23	$40.00	19.1%	7.2%	17.3%	2.2%	24.8%	2.0%	1.5%	1.7M	-65.8M	-217.5K	0.45	16.14	739	333	23,792	21,098
2014-11-25	$43.68	$40.00	19.1%	7.1%	13.3%	2.1%	27.8%	2.8%	1.5%	1.8M	-61.2M	-224.4K	1.92	14.95	1,125	2,162	24,078	21,169
2014-11-26	$43.29	$40.00	19.6%	7.2%	14.1%	3.1%	25.1%	2.7%	1.8%	1.8M	-57.1M	-228.3K	0.88	17.37	329	289	24,171	21,299
2014-11-28	$43.32	$40.00	20.6%	7.4%	13.9%	4.7%	26.3%	3.1%	0.5%	1.8M	-57.7M	-221.9K	0.88	18.21	74	65	24,255	21,278