TXT Options History — February 2017

In February 2017, TXT traded between $47.17 and $49.17. ATM implied volatility averaged 23.4%, placing in the 15.5% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded below realized volatility by 5.3% (HV 20d: 28.7%). Max pain ranged from $48.00 to $49.00. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 2.09.

Notable Days

2017-02-03: Highest Volume — 15,172 contracts
2017-02-08: Largest IV drop — 6.9% change
2017-02-13: Highest IV Rank — 21.8%
2017-02-13: Largest Expected Move — 7.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$48.22	$47.17	$49.17	$47.18	$47.36
Max Pain	$48.05	$48.00	$49.00	$49.00	$48.00
ATM IV	23.4%	21.7%	25.2%	24.1%	24.1%
Expected Move	6.7%	6.2%	7.2%	6.9%	6.9%
HV 20d	28.7%	15.0%	32.4%	32.4%	15.5%
HV 60d	23.0%	22.0%	25.7%	25.7%	22.9%
IV Rank	15.5%	9.3%	21.8%	17.8%	17.9%
IV Percentile	43.8%	21.4%	61.9%	49.6%	55.6%
Term Structure	1.2%	-0.7%	2.3%	-0.7%	0.7%
VWIV	22.2%	14.2%	26.7%	24.0%	19.8%
Skew 25d	0.7%	-1.7%	2.6%	2.6%	0.9%
Skew 10d	1.8%	-1.6%	6.1%	5.5%	2.1%
Call IV 25d	23.7%	21.8%	26.3%	23.1%	24.4%
Put IV 25d	24.4%	23.0%	25.7%	25.7%	25.3%
Bid-Ask Spread %	20.54	6.89	38.48	21.29	29.37
Gamma HHI	0.31	0.20	0.44	0.29	0.21
Net GEX	2.8M	-1.7M	8.2M	-402.5K	-110.0K
Net DEX	-22.9M	-62.5M	11.2M	8.7M	7.6M
Net VEX	-235.9K	-268.8K	-197.8K	-226.9K	-197.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.09	0.43	6.87	0.91	1.60
Total Volume	5,399.789	2,257	15,172	2,788	4,211
Total OI	62,823	50,473	77,509	52,596	51,426

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
2017-02-01	$47.18	$49.00	24.1%	6.9%	32.4%	17.8%	24.0%	2.6%	-0.7%	-402.5K	8.7M	-226.9K	0.91	21.29	1,456	1,332	24,189	28,407
2017-02-02	$47.45	$48.00	23.5%	6.8%	31.1%	15.8%	23.2%	2.6%	1.4%	178.7K	2.4M	-224.9K	0.71	16.88	7,378	5,234	24,410	28,555
2017-02-03	$48.32	$48.00	24.3%	6.7%	32.0%	18.6%	24.6%	1.3%	1.4%	2.6M	-28.0M	-267.8K	0.96	24.74	7,723	7,449	30,409	31,720
2017-02-06	$48.33	$48.00	24.1%	6.6%	31.9%	18.1%	24.8%	1.5%	1.5%	3.1M	-28.1M	-268.8K	3.02	17.54	2,398	7,234	34,562	33,764
2017-02-07	$48.12	$48.00	24.0%	6.6%	31.9%	17.4%	23.1%	1.0%	1.7%	3.0M	-23.9M	-256.4K	0.43	17.27	3,226	1,372	34,468	33,734
2017-02-08	$48.04	$48.00	22.3%	6.4%	31.6%	11.4%	23.0%	1.4%	2.1%	2.9M	-19.1M	-258.4K	0.85	11.80	1,316	1,125	36,513	33,950
2017-02-09	$48.65	$48.00	22.6%	6.5%	32.0%	12.3%	22.9%	0.4%	1.9%	5.0M	-36.3M	-258.4K	0.55	17.39	2,013	1,100	36,557	33,966
2017-02-10	$48.97	$48.00	23.9%	6.9%	32.1%	17.3%	24.1%	-0.4%	0.9%	5.9M	-52.7M	-259.0K	0.59	19.20	2,923	1,729	36,977	33,976
2017-02-13	$49.17	$48.00	25.2%	7.2%	32.1%	21.8%	25.4%	-1.1%	-0.1%	7.0M	-58.6M	-251.7K	0.75	38.48	2,667	1,995	38,137	34,492
2017-02-14	$49.15	$48.00	24.5%	7.0%	31.7%	19.4%	26.7%	-0.6%	0.2%	6.5M	-58.1M	-250.1K	0.86	25.53	1,633	1,408	38,658	35,476
2017-02-15	$49.16	$48.00	24.4%	7.0%	31.6%	18.9%	25.6%	-0.5%	0.4%	8.2M	-62.5M	-234.8K	1.24	14.26	1,006	1,251	38,608	35,447
2017-02-16	$48.95	$48.00	23.3%	6.7%	31.5%	15.1%	23.7%	-1.7%	1.5%	6.7M	-51.2M	-221.5K	1.33	15.71	2,431	3,222	38,546	35,437
2017-02-17	$48.31	$48.00	22.3%	6.4%	31.8%	11.2%	22.8%	-0.1%	1.9%	-1.7M	-25.5M	-222.4K	6.87	6.89	1,324	9,097	40,032	37,477
2017-02-21	$48.14	$48.00	21.7%	6.2%	31.8%	9.3%	21.7%	1.3%	2.1%	1.3M	-9.2M	-225.5K	1.45	17.01	1,980	2,878	26,260	24,384
2017-02-22	$48.50	$48.00	21.8%	6.2%	31.6%	9.4%	15.2%	1.4%	2.3%	1.6M	-16.8M	-232.0K	4.16	23.70	572	2,379	26,030	24,443
2017-02-23	$47.38	$48.00	22.8%	6.5%	22.7%	13.2%	14.2%	1.6%	1.3%	21.6K	6.6M	-212.5K	4.36	14.09	601	2,623	26,119	24,589
2017-02-24	$47.17	$48.00	23.0%	6.6%	15.0%	13.8%	15.2%	1.3%	0.4%	-304.1K	11.2M	-206.4K	5.70	24.21	449	2,561	26,131	24,824
2017-02-27	$47.90	$48.00	23.5%	6.7%	15.3%	15.8%	22.4%	1.1%	1.4%	724.3K	-1.4M	-207.3K	3.42	34.82	747	2,553	26,118	24,846
2017-02-28	$47.36	$48.00	24.1%	6.9%	15.5%	17.9%	19.8%	0.9%	0.7%	-110.0K	7.6M	-197.8K	1.60	29.37	1,622	2,589	26,390	25,036