TXT Options History — April 2016

In April 2016, TXT traded between $36.32 and $39.95. ATM implied volatility averaged 25.3%, placing in the 30.6% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 4.5% (HV 20d: 20.9%). Max pain ranged from $34.00 to $37.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.91.

Notable Days

  • 2016-04-20: Highest Volume — 7,768 contracts
  • 2016-04-20: Largest IV drop — 34.3% change
  • 2016-04-18: Highest IV Rank — 67.3%
  • 2016-04-18: Largest Expected Move — 10.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.07$36.32$39.95$36.72$38.74
Max Pain$36.86$34.00$37.00$34.00$37.00
ATM IV25.3%21.1%35.6%21.1%23.2%
Expected Move7.8%6.0%10.2%6.0%6.6%
HV 20d20.9%13.5%24.9%24.0%24.9%
HV 60d34.9%23.6%39.4%39.4%23.7%
IV Rank30.6%15.3%67.3%15.3%22.8%
IV Percentile41.4%12.7%93.3%14.3%32.9%
Term Structure-1.8%-6.2%5.9%5.9%-0.9%
VWIV28.9%23.3%37.2%23.3%25.8%
Skew 25d4.5%3.3%5.8%4.7%3.4%
Skew 10d10.4%5.8%14.6%13.8%6.8%
Call IV 25d25.5%19.8%33.6%20.8%22.5%
Put IV 25d30.0%23.0%38.7%25.5%26.0%
Bid-Ask Spread %43.4118.9666.5847.9365.33
Gamma HHI0.210.120.330.150.26
Net GEX679.5K65.3K1.5M65.3K989.6K
Net DEX-11.5M-23.7M-3.3M-3.3M-11.0M
Net VEX-85.0K-120.9K-58.4K-60.2K-93.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.910.212.270.620.25
Total Volume3,850.0481,4897,7682,1814,250
Total OI18,967.8115,22123,00815,22120,859

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2016-04-01$36.72$34.0021.1%6.0%24.0%15.3%23.3%4.7%5.9%65.3K-3.3M-60.2K0.6247.931,3458364,59710,624
2016-04-04$36.56$37.0023.7%8.0%22.3%24.7%28.1%5.0%-2.2%242.0K-4.5M-58.4K0.7045.771,1808314,93510,640
2016-04-05$36.32$37.0025.0%8.3%22.5%29.4%29.0%4.9%-2.1%178.5K-3.9M-61.8K0.7938.929157275,31410,797
2016-04-06$36.81$37.0022.6%8.0%21.9%20.6%29.0%5.8%-1.4%409.1K-6.0M-60.5K0.8342.148136765,49610,814
2016-04-07$36.80$37.0023.4%8.3%21.6%23.7%28.7%5.0%-2.4%423.9K-6.1M-60.7K0.7141.421,0447445,59310,845
2016-04-08$36.60$37.0022.1%8.1%21.6%19.1%29.7%5.4%-1.6%487.5K-6.0M-60.7K0.9541.321,1031,0525,80910,870
2016-04-11$36.89$37.0024.9%8.3%19.7%29.1%30.5%5.1%-2.4%526.3K-6.7M-64.2K0.8546.031,1419676,10611,201
2016-04-12$37.13$37.0024.3%8.7%19.6%26.8%30.3%5.2%-3.0%507.5K-7.5M-64.1K0.7647.491,5891,2126,09011,282
2016-04-13$38.08$37.0030.0%8.6%19.8%47.5%30.6%4.7%-3.7%414.8K-10.7M-66.4K0.7143.421,6331,1586,60811,514
2016-04-14$37.95$37.0032.3%9.3%19.1%55.6%31.5%4.3%-4.6%361.1K-10.1M-65.0K0.2143.865,3341,1106,45611,597
2016-04-15$37.73$37.0034.1%9.8%19.1%61.9%34.9%5.0%-5.1%673.4K-13.9M-82.5K1.6739.192,2723,79210,20711,809
2016-04-18$37.91$37.0035.6%10.2%13.6%67.3%37.2%5.2%-6.2%549.9K-8.5M-93.4K2.2727.651,3843,1479,8806,853
2016-04-19$38.08$37.0033.9%9.7%13.5%61.3%33.6%5.1%-5.0%479.8K-8.4M-100.5K0.3918.964,5121,77510,3408,625
2016-04-20$39.94$37.0022.3%6.4%20.8%19.6%23.6%3.7%-0.2%1.2M-22.8M-114.6K0.6126.444,8202,94812,3799,163
2016-04-21$39.51$37.0022.5%6.5%21.4%20.5%26.1%3.7%-0.8%937.0K-18.2M-113.7K1.5530.721,8212,82811,6868,945
2016-04-22$39.78$37.0022.2%6.4%20.5%19.3%29.2%3.3%-0.5%996.7K-19.6M-114.1K1.2145.362,2842,75411,9819,337
2016-04-25$38.98$37.0023.6%6.8%22.3%24.2%29.0%4.1%-0.6%973.0K-14.9M-120.9K1.5448.351,6472,53813,0839,594
2016-04-26$39.71$37.0021.9%6.3%22.9%18.1%25.5%3.3%-0.3%1.2M-20.7M-120.4K1.8844.131,5012,82913,4119,597
2016-04-27$39.95$37.0021.1%6.0%22.9%15.3%23.3%3.3%0.0%1.5M-23.7M-116.4K0.3260.683,3231,05813,4709,148
2016-04-28$39.24$37.0022.4%6.4%24.2%20.2%28.0%3.6%-0.6%1.2M-15.4M-94.2K0.2366.583,23072811,5159,254
2016-04-29$38.74$37.0023.2%6.6%24.9%22.8%25.8%3.4%-0.9%989.6K-11.0M-93.0K0.2565.333,39385711,5719,288