TXT Options History — January 2016

In January 2016, TXT traded between $32.71 and $41.58. ATM implied volatility averaged 33.5%, placing in the 59.7% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 5.0% (HV 20d: 28.4%). Max pain ranged from $38.00 to $43.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 1.69.

Notable Days

2016-01-22: Highest Volume — 4,466 contracts
2016-01-06: Largest IV spike — 17.6% change
2016-01-08: Highest IV Rank — 77.9%
2016-01-20: Largest Expected Move — 11.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$37.66	$32.71	$41.58	$41.47	$34.22
Max Pain	$40.74	$38.00	$43.00	$43.00	$38.00
ATM IV	33.5%	25.6%	38.5%	28.7%	29.3%
Expected Move	9.5%	8.3%	11.0%	8.5%	8.4%
HV 20d	28.4%	20.4%	54.9%	24.5%	54.9%
HV 60d	26.3%	23.2%	37.1%	23.8%	37.1%
IV Rank	59.7%	31.3%	77.9%	42.8%	44.9%
IV Percentile	89.0%	59.5%	98.0%	77.0%	78.2%
Term Structure	-2.2%	-4.1%	-0.2%	-1.6%	-0.2%
VWIV	34.2%	28.1%	41.4%	29.2%	28.1%
Skew 25d	5.9%	3.9%	7.6%	4.4%	5.3%
Skew 10d	12.4%	8.9%	16.9%	10.7%	10.7%
Call IV 25d	31.0%	27.1%	34.9%	27.6%	27.1%
Put IV 25d	36.9%	31.3%	42.6%	32.0%	32.5%
Bid-Ask Spread %	33.65	16.32	66.54	16.32	63.54
Gamma HHI	0.26	0.12	0.48	0.17	0.12
Net GEX	-469.9K	-994.5K	-75.0K	-147.1K	-343.5K
Net DEX	11.1M	931.4K	19.6M	2.0M	11.9M
Net VEX	-49.9K	-60.7K	-24.8K	-52.5K	-50.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.69	0.72	3.61	0.84	0.97
Total Volume	2,799.263	1,858	4,466	2,062	1,858
Total OI	14,326.632	8,782	19,645	15,890	14,161

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
2016-01-04	$41.47	$43.00	28.7%	8.5%	24.5%	42.8%	29.2%	4.4%	-1.6%	-147.1K	2.0M	-52.5K	0.84	16.32	1,120	942	6,396	9,494
2016-01-05	$41.58	$42.00	25.6%	8.3%	23.0%	31.3%	29.6%	3.9%	-1.4%	-75.0K	931.4K	-52.3K	0.85	17.27	1,073	910	6,558	9,590
2016-01-06	$40.34	$42.00	30.0%	8.7%	25.3%	47.5%	30.3%	4.9%	-1.5%	-334.0K	6.3M	-52.0K	0.72	24.86	1,092	788	6,553	9,686
2016-01-07	$39.66	$42.00	34.1%	9.2%	25.2%	61.9%	32.9%	5.1%	-1.9%	-459.2K	8.9M	-50.8K	2.21	29.56	816	1,806	6,523	9,668
2016-01-08	$39.02	$42.00	38.5%	9.7%	25.5%	77.9%	31.1%	6.2%	-2.1%	-623.5K	12.4M	-55.3K	2.33	30.50	780	1,820	6,553	10,713
2016-01-11	$38.93	$42.00	34.3%	9.4%	25.4%	62.8%	29.4%	5.6%	-1.5%	-901.1K	15.1M	-57.8K	1.34	23.16	937	1,252	6,580	11,717
2016-01-12	$39.04	$42.00	33.2%	9.1%	24.9%	58.9%	31.2%	5.5%	-1.5%	-869.2K	14.3M	-60.6K	1.46	26.05	901	1,311	6,792	11,679
2016-01-13	$37.96	$42.00	34.5%	9.9%	26.1%	63.4%	32.7%	7.5%	-1.9%	-892.4K	17.3M	-59.8K	1.68	29.10	713	1,195	7,047	11,767
2016-01-14	$37.92	$42.00	34.3%	9.8%	25.9%	62.8%	34.1%	6.7%	-2.7%	-994.5K	18.2M	-60.6K	0.88	24.43	1,288	1,131	7,120	12,113
2016-01-15	$37.35	$41.00	36.1%	10.4%	22.6%	69.3%	38.3%	5.3%	-2.7%	-559.0K	19.6M	-60.7K	1.96	39.31	1,227	2,399	7,368	12,277
2016-01-19	$36.88	$41.00	35.4%	10.2%	21.3%	66.7%	38.7%	6.9%	-2.6%	-499.9K	12.1M	-51.6K	2.20	40.56	894	1,967	3,512	6,936
2016-01-20	$36.35	$40.00	38.3%	11.0%	21.5%	77.0%	39.8%	7.6%	-3.6%	-501.3K	13.4M	-51.7K	2.13	31.73	944	2,008	3,621	7,275
2016-01-21	$36.60	$40.00	36.3%	10.4%	21.7%	70.0%	41.4%	7.3%	-3.3%	-387.4K	10.5M	-45.7K	2.27	33.01	898	2,042	3,688	6,122
2016-01-22	$37.39	$40.00	33.9%	9.7%	22.1%	61.4%	36.8%	6.1%	-3.4%	-416.7K	9.1M	-48.8K	3.61	32.04	969	3,497	3,866	6,237
2016-01-25	$36.78	$40.00	35.5%	10.2%	20.4%	67.0%	39.0%	7.3%	-4.1%	-219.4K	6.8M	-38.7K	3.21	37.88	1,052	3,381	4,041	4,741
2016-01-26	$37.61	$39.00	34.0%	9.7%	23.0%	61.5%	34.8%	5.3%	-3.7%	-198.1K	5.3M	-42.5K	0.79	37.15	1,918	1,514	4,259	4,962
2016-01-27	$32.71	$38.00	31.9%	9.1%	52.5%	54.0%	36.9%	5.5%	-1.3%	-205.1K	13.5M	-24.8K	1.57	36.31	1,125	1,770	5,081	5,554
2016-01-28	$33.64	$38.00	31.6%	9.1%	53.9%	53.2%	36.2%	6.2%	-0.6%	-302.2K	13.2M	-31.6K	1.04	66.54	1,890	1,958	5,229	6,727
2016-01-29	$34.22	$38.00	29.3%	8.4%	54.9%	44.9%	28.1%	5.3%	-0.2%	-343.5K	11.9M	-50.1K	0.97	63.54	941	917	6,127	8,034