TXT Options History — March 2017

In March 2017, TXT traded between $46.19 and $49.61. ATM implied volatility averaged 26.5%, placing in the 26.5% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 4.3% (HV 20d: 22.2%). Max pain ranged from $47.00 to $49.00. Net GEX was positive for 8 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 3.26.

Notable Days

  • 2017-03-17: Highest Volume — 13,092 contracts
  • 2017-03-13: Largest IV spike — 13.7% change
  • 2017-03-30: Highest IV Rank — 42.8%
  • 2017-03-30: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.55$46.19$49.61$49.61$47.59
Max Pain$47.65$47.00$49.00$48.00$48.00
ATM IV26.5%22.0%31.0%24.3%30.2%
Expected Move7.8%6.4%8.9%7.0%8.7%
HV 20d22.2%13.3%24.2%22.6%13.3%
HV 60d24.0%23.6%24.4%23.6%23.7%
IV Rank26.5%10.3%42.8%18.6%40.2%
IV Percentile66.7%25.8%88.9%59.1%84.9%
Term Structure-2.1%-5.6%3.5%-0.3%-5.3%
VWIV28.0%23.1%32.4%24.7%30.1%
Skew 25d1.3%-2.8%3.6%-2.4%2.0%
Skew 10d4.1%-8.4%17.1%-2.3%4.3%
Call IV 25d27.5%23.6%30.6%27.8%30.1%
Put IV 25d28.8%22.5%32.2%25.4%32.1%
Bid-Ask Spread %43.8312.4686.7560.7918.73
Gamma HHI0.270.210.590.280.22
Net GEX499-5.5M3.2M3.2M-250.5K
Net DEX-2.4M-43.4M20.2M-43.4M-3.1M
Net VEX-186.6K-255.8K-145.2K-204.7K-171.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.260.5416.430.543.24
Total Volume4,508.6521,89013,09210,9482,489
Total OI42,527.1322,80358,77051,61824,310

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2017-03-01$49.61$48.0024.3%7.0%22.6%18.6%24.7%-2.4%-0.3%3.2M-43.4M-204.7K0.5460.797,1113,83726,43325,185
2017-03-02$48.94$49.0023.6%6.8%23.2%16.1%25.0%-2.8%2.0%3.2M-40.0M-255.8K2.4312.461,6714,05931,54425,872
2017-03-03$48.06$49.0022.3%6.4%24.2%11.3%23.1%-1.1%3.5%2.3M-22.6M-245.3K1.9125.081,5042,86832,48923,904
2017-03-06$48.05$47.0024.0%7.4%23.3%17.5%26.2%1.9%-0.0%2.1M-16.3M-231.5K2.9773.011,3083,89132,42023,928
2017-03-07$47.90$47.0024.1%7.4%23.3%17.8%25.4%0.9%0.1%1.7M-8.8M-218.5K2.9775.881,3433,99032,41624,837
2017-03-08$48.02$47.0023.4%7.5%23.3%15.4%26.2%1.1%-1.1%2.0M-11.2M-213.2K3.0358.541,5034,54932,16924,959
2017-03-09$47.46$47.0022.9%8.2%23.7%13.6%27.8%1.5%-2.5%152.6K4.5M-197.7K2.6861.071,8294,89731,85525,216
2017-03-10$47.53$47.0022.0%7.5%23.2%10.3%26.7%2.6%-0.6%-98.2K5.6M-194.9K2.9137.001,3263,85731,66225,721
2017-03-13$47.44$47.0025.0%7.5%23.0%21.3%25.7%2.0%-0.9%-2.6M15.4M-165.8K2.3467.321,3733,20931,63925,701
2017-03-14$47.16$47.0023.9%7.9%22.9%17.3%27.1%1.6%-1.9%-1.2M15.3M-163.2K5.9460.525923,51731,64525,776
2017-03-15$47.91$47.0025.3%7.2%23.8%22.1%27.2%3.6%-1.3%-2.2M1.8M-162.6K2.1686.751,5283,29631,79626,063
2017-03-16$47.68$47.0027.1%7.8%23.8%28.7%26.9%0.7%-3.5%-5.5M12.3M-153.5K2.1162.311,6323,43932,09126,024
2017-03-17$47.73$47.0027.6%7.9%23.8%30.5%28.0%1.7%-3.3%961.9K20.2M-145.2K16.4346.6275112,34132,51926,251
2017-03-20$47.66$48.0027.2%7.8%23.4%29.2%28.7%2.1%-3.2%-262.1K-3.4M-175.1K1.3670.009531,29410,75612,047
2017-03-21$46.82$48.0028.4%8.2%24.2%33.7%29.2%1.3%-2.3%-405.7K2.1M-173.2K2.9932.945861,75211,00612,215
2017-03-22$47.12$48.0028.3%8.1%24.1%33.3%29.4%2.4%-2.9%-378.1K428.5K-179.7K2.9622.865221,54311,06012,578
2017-03-23$46.91$48.0028.3%8.1%22.7%33.2%28.8%2.5%-2.1%-466.1K1.9M-177.2K2.9122.634891,42111,12012,652
2017-03-24$46.19$48.0029.4%8.4%23.3%37.0%29.8%2.0%-3.6%-567.8K7.7M-170.9K2.8321.245221,47711,14412,725
2017-03-27$46.45$48.0030.6%8.8%22.6%41.4%31.5%1.6%-3.5%-552.7K5.4M-170.7K2.7920.185291,47511,15012,776
2017-03-28$47.04$48.0029.7%8.5%22.9%38.4%32.0%1.1%-5.6%-460.2K1.2M-173.5K3.3323.734361,45411,19812,819
2017-03-29$47.05$48.0030.3%8.7%14.8%40.6%31.2%1.5%-4.6%-426.5K927.0K-172.3K0.7231.682,0191,44511,23612,825
2017-03-30$47.39$48.0031.0%8.9%14.6%42.8%32.4%1.9%-4.9%-319.6K-1.2M-175.0K3.4816.674621,61011,56412,828
2017-03-31$47.59$48.0030.2%8.7%13.3%40.2%30.1%2.0%-5.3%-250.5K-3.1M-171.5K3.2418.735871,90211,56112,749