TXT Options History — May 2015

In May 2015, TXT traded between $44.41 and $46.79. ATM implied volatility averaged 19.9%, placing in the 4.3% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 4.0% (HV 20d: 15.9%). Max pain ranged from $44.00 to $44.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 1.18.

Notable Days

  • 2015-05-01: Highest Volume — 6,301 contracts
  • 2015-05-11: Largest IV spike — 17.8% change
  • 2015-05-05: Highest IV Rank — 9.6%
  • 2015-05-01: Largest Expected Move — 6.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.67$44.41$46.79$44.44$45.27
Max Pain$44.00$44.00$44.00$44.00$44.00
ATM IV19.9%16.8%23.5%23.0%19.2%
Expected Move5.6%4.8%6.6%6.6%5.5%
HV 20d15.9%12.0%20.0%20.0%13.2%
HV 60d19.4%18.9%20.1%20.1%19.1%
IV Rank4.3%0.0%9.6%8.8%4.0%
IV Percentile18.4%0.0%53.6%49.2%10.7%
Term Structure3.0%-0.9%5.3%-0.9%2.2%
VWIV20.2%17.6%23.1%23.1%21.0%
Skew 25d2.6%1.7%3.6%2.2%2.1%
Skew 10d6.2%2.9%13.0%8.7%4.3%
Call IV 25d18.8%16.5%22.2%22.2%18.8%
Put IV 25d21.3%18.4%24.5%24.5%20.9%
Bid-Ask Spread %49.6119.4388.0726.8484.50
Gamma HHI0.230.130.320.130.21
Net GEX1.5M218.9K2.7M218.9K1.5M
Net DEX-15.7M-32.0M-3.1M-3.1M-11.9M
Net VEX-103.3K-122.7K-86.8K-116.9K-97.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.180.103.260.801.09
Total Volume2,299.252306,3016,3011,920
Total OI23,532.919,23026,26223,27422,740

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-05-01$44.44$44.0023.0%6.6%20.0%8.8%23.1%2.2%-0.9%218.9K-3.1M-116.9K0.8026.843,4982,8039,85913,415
2015-05-04$44.60$44.0022.1%6.1%17.6%7.3%20.7%3.6%2.9%1.4M-8.4M-122.7K0.4020.9739115812,01013,691
2015-05-05$44.41$44.0023.5%6.3%17.5%9.6%22.9%3.3%2.1%1.2M-6.3M-122.0K3.2621.537942,59212,08813,622
2015-05-06$44.58$44.0022.8%6.2%17.6%8.4%22.9%3.4%2.1%1.3M-8.4M-118.2K2.7023.839602,59212,06113,626
2015-05-07$44.70$44.0022.1%6.2%17.7%7.3%22.8%3.5%2.4%1.6M-9.5M-119.8K3.1630.676922,18712,34413,650
2015-05-08$45.19$44.0019.3%5.9%17.9%2.5%20.4%2.5%3.1%2.1M-15.5M-114.2K0.1827.462784912,42013,675
2015-05-11$45.40$44.0022.7%5.9%17.8%8.4%20.4%2.5%3.5%2.7M-19.5M-104.9K0.1027.971,01610612,37013,658
2015-05-12$45.51$44.0021.6%5.7%17.8%6.5%21.9%2.9%3.2%2.6M-19.7M-101.4K1.5238.198701,32011,88113,681
2015-05-13$45.86$44.0019.3%5.5%17.8%2.6%19.7%2.3%3.9%2.7M-24.1M-95.1K1.2031.641,1801,41611,77013,704
2015-05-14$46.79$44.0017.9%5.1%19.1%0.1%19.0%2.5%4.5%1.3M-31.7M-93.9K0.7619.431,8511,40511,84913,816
2015-05-15$46.60$44.0017.7%5.1%15.8%0.0%18.1%2.1%5.3%1.0M-32.0M-90.6K1.3524.009921,34012,32513,937
2015-05-18$46.66$44.0016.8%4.8%15.1%0.0%17.9%1.9%3.4%1.2M-16.6M-86.8K1.0930.431101207,94211,288
2015-05-19$46.29$44.0018.1%5.2%13.9%2.2%17.6%2.8%4.9%1.0M-13.7M-92.7K0.4088.07235957,98111,314
2015-05-20$46.50$44.0018.8%5.4%13.9%3.3%17.8%3.5%2.4%994.5K-13.5M-95.7K0.4584.812,4821,1088,01811,366
2015-05-21$46.51$44.0018.0%5.2%13.9%2.0%18.7%2.0%3.2%1.5M-17.9M-95.4K0.5483.762,0901,1269,22711,368
2015-05-22$46.35$44.0018.2%5.2%13.4%2.2%18.8%1.7%4.1%1.8M-18.7M-101.9K1.5882.246901,09010,57911,353
2015-05-26$45.72$44.0019.6%5.6%13.5%4.7%20.3%1.7%2.7%1.5M-13.8M-97.2K1.1283.4888298910,58811,348
2015-05-27$45.97$44.0019.0%5.5%12.4%3.7%20.4%2.2%2.0%1.6M-15.3M-96.9K1.1081.721,0311,13310,53211,377
2015-05-28$45.95$44.0018.4%5.3%12.0%2.7%19.9%2.9%2.3%1.5M-13.6M-101.8K0.7780.701,3501,04410,68411,501
2015-05-29$45.27$44.0019.2%5.5%13.2%4.0%21.0%2.1%2.2%1.5M-11.9M-97.9K1.0984.509171,00311,21611,524