TXT Options History — February 2016

In February 2016, TXT traded between $31.19 and $34.52. ATM implied volatility averaged 33.1%, placing in the 58.4% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded below realized volatility by 20.9% (HV 20d: 54.0%). Max pain ranged from $36.00 to $39.00. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 3.31.

Notable Days

  • 2016-02-19: Highest Volume — 22,883 contracts
  • 2016-02-08: Largest IV spike — 11.6% change
  • 2016-02-09: Highest IV Rank — 82.8%
  • 2016-02-11: Largest Expected Move — 11.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.01$31.19$34.52$33.22$34.25
Max Pain$37.70$36.00$39.00$38.00$36.00
ATM IV33.1%28.4%39.9%31.1%30.4%
Expected Move9.4%8.1%11.2%8.9%8.7%
HV 20d54.0%30.0%60.3%55.3%30.0%
HV 60d38.6%37.5%39.3%37.5%39.2%
IV Rank58.4%41.6%82.8%51.4%48.7%
IV Percentile83.7%65.5%98.8%80.2%73.4%
Term Structure-0.6%-2.5%2.8%-0.3%-1.5%
VWIV36.0%29.5%44.4%29.5%43.1%
Skew 25d5.6%2.6%8.3%5.7%4.4%
Skew 10d12.3%5.3%19.0%13.1%7.2%
Call IV 25d30.6%27.1%36.3%29.0%28.9%
Put IV 25d36.2%32.2%43.3%34.7%33.2%
Bid-Ask Spread %72.5058.7487.7261.5987.72
Gamma HHI0.270.110.490.130.46
Net GEX-109.1K-753.3K1.2M-402.4K1.1M
Net DEX11.7M-2.1M19.4M14.2M663.1K
Net VEX-64.9K-96.0K-48.0K-53.1K-86.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.310.4910.980.6010.69
Total Volume7,538.32,83422,8834,05612,732
Total OI22,838.115,40135,17115,40135,171

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2016-02-01$33.22$38.0031.1%8.9%55.3%51.4%29.5%5.7%-0.3%-402.4K14.2M-53.1K0.6061.592,5411,5156,5938,808
2016-02-02$31.80$37.0033.4%9.6%56.4%59.4%35.1%6.5%-0.6%-405.0K16.9M-48.4K2.6258.742,0415,3416,8959,150
2016-02-03$32.28$37.0035.2%10.1%57.0%66.1%38.7%7.8%-2.5%-694.6K19.4M-58.5K0.5761.792,0471,1637,04111,644
2016-02-04$32.26$39.0034.1%9.4%56.8%62.0%31.9%6.8%-0.9%-738.3K18.9M-58.7K0.5064.762,1221,0677,10111,720
2016-02-05$32.26$39.0034.9%9.5%56.9%64.8%31.4%6.8%-0.6%-752.9K19.0M-58.2K0.4970.022,0409967,13311,750
2016-02-08$32.46$39.0038.9%10.2%57.1%79.4%33.9%6.0%-1.1%-738.3K18.2M-56.9K0.5564.691,9911,1047,16011,749
2016-02-09$32.07$39.0039.9%10.5%57.1%82.8%35.5%8.3%0.4%-753.3K19.2M-56.0K1.5168.241,6902,5527,17411,747
2016-02-10$32.03$39.0035.7%10.2%57.0%67.6%34.6%7.1%-1.1%-499.8K17.3M-52.1K1.4966.601,7232,5607,19310,339
2016-02-11$31.19$39.0038.9%11.2%56.9%79.4%37.2%7.1%-2.3%-523.5K18.8M-50.0K1.7064.181,5992,7257,24110,358
2016-02-12$32.09$39.0035.7%10.2%58.4%67.9%37.3%6.8%-1.2%-517.0K16.8M-51.5K1.5165.741,6872,5527,24410,365
2016-02-16$32.84$39.0032.3%9.3%59.4%55.6%35.0%5.9%1.0%-362.9K15.2M-48.0K0.6868.651,8471,2617,32310,293
2016-02-17$33.33$38.0030.7%8.8%59.8%49.7%31.4%5.5%0.8%-387.8K13.8M-50.3K0.9671.041,5521,4947,49410,551
2016-02-18$33.76$38.0029.1%8.3%60.1%44.0%30.7%4.5%1.9%-385.5K12.1M-51.0K0.7480.291,6311,2037,54010,825
2016-02-19$33.28$38.0029.3%8.4%60.0%44.8%31.6%5.1%2.8%-298.5K13.0M-49.2K0.9881.8311,57911,3047,64210,965
2016-02-22$34.15$36.0031.1%8.9%60.3%51.4%39.2%2.8%-2.4%608.1K1.3M-93.9K3.9984.672,81211,22414,95717,214
2016-02-23$33.93$36.0030.8%8.8%60.2%50.2%39.4%3.8%-1.2%688.7K1.8M-95.1K6.3282.731,84211,64816,51517,427
2016-02-24$34.00$36.0031.4%9.0%59.4%52.4%41.2%2.6%-1.8%629.8K1.9M-96.0K10.1683.091,11411,31616,61818,055
2016-02-25$34.48$36.0030.5%8.7%31.9%49.1%44.4%4.0%-1.0%1.1M-1.8M-92.4K9.1981.341,23411,33516,73818,075
2016-02-26$34.52$36.0028.4%8.1%30.5%41.6%39.6%4.1%-1.0%1.2M-2.1M-92.4K10.9882.361,05011,53216,85118,103
2016-02-29$34.25$36.0030.4%8.7%30.0%48.7%43.1%4.4%-1.5%1.1M663.1K-86.2K10.6987.721,08911,64316,85418,317