TXT Options History — February 2015

In February 2015, TXT traded between $43.06 and $45.35. ATM implied volatility averaged 22.4%, placing in the 7.8% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 1.5% (HV 20d: 20.9%). Max pain ranged from $42.00 to $43.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 0.79.

Notable Days

2015-02-03: Highest Volume — 9,480 contracts
2015-02-10: Largest IV drop — 10.2% change
2015-02-02: Highest IV Rank — 17.0%
2015-02-02: Largest Expected Move — 8.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$44.07	$43.06	$45.35	$43.09	$44.33
Max Pain	$42.32	$42.00	$43.00	$42.00	$43.00
ATM IV	22.4%	19.6%	27.8%	27.8%	19.6%
Expected Move	6.4%	5.6%	8.0%	8.0%	5.6%
HV 20d	20.9%	15.9%	26.6%	26.6%	16.3%
HV 60d	23.7%	23.3%	24.1%	23.5%	23.7%
IV Rank	7.8%	3.0%	17.0%	17.0%	3.0%
IV Percentile	31.1%	8.3%	69.0%	69.0%	8.3%
Term Structure	2.4%	-1.3%	4.9%	-0.4%	0.9%
VWIV	22.9%	19.8%	27.3%	27.3%	19.8%
Skew 25d	2.5%	0.5%	3.2%	3.0%	2.0%
Skew 10d	5.8%	0.6%	9.4%	5.2%	4.7%
Call IV 25d	21.6%	18.7%	26.8%	26.8%	19.1%
Put IV 25d	24.1%	21.1%	29.8%	29.8%	21.1%
Bid-Ask Spread %	27.85	14.54	61.44	50.60	16.99
Gamma HHI	0.21	0.16	0.35	0.23	0.19
Net GEX	2.7M	1.7M	4.0M	2.7M	2.1M
Net DEX	-35.6M	-55.8M	-23.0M	-36.9M	-23.8M
Net VEX	-145.4K	-201.8K	-119.4K	-201.8K	-128.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.79	0.08	1.57	0.80	0.77
Total Volume	3,521.263	300	9,480	300	2,757
Total OI	41,849.474	33,323	46,668	46,521	34,857

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
2015-02-02	$43.09	$42.00	27.8%	8.0%	26.6%	17.0%	27.3%	3.0%	-0.4%	2.7M	-36.9M	-201.8K	0.80	50.60	167	133	22,392	24,129
2015-02-03	$43.37	$42.00	25.7%	7.4%	25.3%	13.4%	26.0%	2.1%	-1.3%	3.2M	-41.6M	-194.9K	0.18	54.88	8,014	1,466	22,462	24,206
2015-02-04	$43.06	$42.00	25.4%	7.3%	25.4%	12.9%	26.3%	0.5%	0.4%	2.4M	-28.8M	-173.5K	0.64	61.44	2,420	1,557	18,886	24,268
2015-02-05	$43.50	$42.00	24.4%	6.9%	25.5%	11.2%	24.6%	2.6%	3.0%	2.5M	-32.0M	-159.8K	0.88	33.55	2,484	2,198	17,911	24,411
2015-02-06	$43.57	$42.00	22.9%	6.7%	20.4%	8.7%	24.3%	2.8%	3.7%	2.5M	-30.9M	-154.7K	1.07	30.70	2,042	2,180	17,590	25,220
2015-02-09	$43.23	$42.00	24.5%	6.8%	19.8%	11.3%	24.5%	3.2%	3.3%	2.6M	-27.4M	-153.0K	1.40	30.64	1,509	2,120	17,879	25,276
2015-02-10	$43.64	$42.00	22.0%	6.5%	19.6%	7.1%	25.5%	2.7%	4.2%	2.7M	-31.6M	-144.5K	1.57	24.68	1,528	2,399	17,845	25,396
2015-02-11	$43.18	$42.00	23.6%	6.8%	20.1%	9.8%	26.1%	2.9%	3.4%	2.9M	-25.4M	-160.8K	1.01	23.97	1,487	1,506	18,380	25,455
2015-02-12	$44.16	$42.00	22.9%	6.6%	21.3%	8.6%	22.4%	2.4%	3.9%	3.3M	-40.4M	-140.9K	0.37	19.91	3,777	1,396	18,434	25,495
2015-02-13	$44.66	$42.00	21.9%	6.3%	21.5%	6.9%	22.0%	2.4%	4.5%	3.5M	-48.7M	-138.3K	0.55	18.13	2,342	1,292	19,928	25,574
2015-02-17	$44.02	$42.00	22.4%	6.4%	22.0%	7.8%	22.3%	2.6%	3.7%	3.6M	-43.5M	-133.1K	0.46	20.13	2,738	1,261	20,036	25,544
2015-02-18	$44.28	$42.00	22.2%	6.4%	21.8%	7.5%	22.0%	3.0%	3.3%	4.0M	-47.1M	-126.7K	1.13	25.79	1,115	1,265	19,728	25,616
2015-02-19	$44.79	$42.00	20.2%	5.8%	22.0%	4.1%	21.4%	2.6%	4.8%	2.5M	-53.3M	-122.6K	0.20	25.52	2,527	504	19,726	25,622
2015-02-20	$44.99	$43.00	20.0%	5.7%	20.5%	3.7%	19.8%	2.6%	4.9%	2.8M	-55.8M	-122.5K	0.08	23.26	954	80	19,911	25,882
2015-02-23	$44.83	$43.00	20.0%	5.7%	18.5%	3.8%	20.1%	2.9%	0.9%	1.8M	-27.5M	-119.4K	1.26	18.22	1,315	1,656	12,930	20,393
2015-02-24	$45.35	$43.00	19.7%	5.6%	18.7%	3.2%	20.2%	1.7%	0.8%	1.7M	-30.3M	-128.5K	0.89	19.63	1,846	1,642	13,296	20,857
2015-02-25	$44.98	$43.00	19.6%	5.6%	15.9%	3.1%	20.1%	2.6%	1.2%	2.0M	-28.8M	-129.5K	0.92	16.63	1,325	1,225	13,874	20,858
2015-02-26	$44.26	$43.00	20.7%	5.9%	16.8%	4.9%	20.9%	2.8%	0.8%	2.0M	-23.0M	-130.3K	0.85	14.54	1,445	1,232	13,894	20,979
2015-02-27	$44.33	$43.00	19.6%	5.6%	16.3%	3.0%	19.8%	2.0%	0.9%	2.1M	-23.8M	-128.7K	0.77	16.99	1,556	1,201	13,838	21,019