TXT Options History — April 2017

In April 2017, TXT traded between $46.02 and $48.11. ATM implied volatility averaged 28.1%, placing in the 32.5% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 12.5% (HV 20d: 15.6%). Max pain ranged from $44.00 to $48.00. Net GEX was positive for 10 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 1.65.

Notable Days

  • 2017-04-03: Highest Volume — 11,880 contracts
  • 2017-04-12: Largest IV drop — 26.9% change
  • 2017-04-11: Highest IV Rank — 74.9%
  • 2017-04-05: Largest Expected Move — 9.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.05$46.02$48.11$46.93$46.64
Max Pain$45.63$44.00$48.00$48.00$46.00
ATM IV28.1%19.1%39.8%33.2%19.1%
Expected Move7.5%5.5%9.7%9.5%5.5%
HV 20d15.6%13.8%18.0%14.2%16.8%
HV 60d22.4%18.3%24.7%23.9%18.4%
IV Rank32.5%0.0%74.9%51.1%0.0%
IV Percentile60.1%0.0%98.8%95.2%0.0%
Term Structure-2.1%-7.7%0.7%-6.9%0.5%
VWIV26.7%20.0%35.2%33.6%20.6%
Skew 25d2.4%0.4%3.7%1.5%1.8%
Skew 10d5.2%-0.4%10.1%-0.4%4.2%
Call IV 25d25.6%18.7%35.0%32.8%18.7%
Put IV 25d27.9%20.6%35.4%34.3%20.6%
Bid-Ask Spread %29.1316.6469.1120.5829.22
Gamma HHI0.260.160.420.230.42
Net GEX945.5K-2.6M4.2M-385.3K4.0M
Net DEX-14.8M-36.8M7.1M1.5M-31.0M
Net VEX-186.1K-203.8K-160.7K-160.8K-185.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.650.115.320.120.54
Total Volume3,480.8421,29411,88011,8802,114
Total OI30,805.36824,13041,06324,13029,067

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2017-04-03$46.93$48.0033.2%9.5%14.2%51.1%33.6%1.5%-6.9%-385.3K1.5M-160.8K0.1220.5810,5821,29811,66212,468
2017-04-04$47.12$48.0032.5%9.3%14.3%48.5%35.0%2.9%-6.1%152.3K-7.9M-185.7K2.0918.746371,32914,04012,453
2017-04-05$47.00$48.0033.9%9.7%14.2%53.3%35.2%0.4%-7.7%67.5K-7.9M-183.6K5.3226.656963,70214,19512,496
2017-04-06$47.40$44.0034.1%7.5%14.0%54.3%25.8%2.7%-2.1%-288.6K-8.3M-186.6K4.7020.866833,20714,20314,164
2017-04-07$47.62$44.0034.4%7.4%14.1%55.4%25.5%3.1%-1.9%-220.3K-11.5M-185.9K1.8854.216251,17514,30014,182
2017-04-10$48.11$44.0037.4%7.8%14.5%66.1%27.3%2.3%-2.9%-16.1K-16.0M-178.6K0.4722.262,5081,17614,28214,239
2017-04-11$47.88$44.0039.8%8.2%14.5%74.9%28.3%2.6%-1.6%-23.2K-16.0M-190.6K0.3620.902,8301,02315,69414,237
2017-04-12$47.39$45.0029.1%8.3%13.8%36.0%28.8%3.0%-2.0%142.4K-14.5M-203.0K0.6317.921,7711,11617,68514,359
2017-04-13$46.66$45.0029.3%8.4%14.8%36.8%29.3%2.6%-2.4%-187.6K-5.2M-203.8K1.5516.647531,16918,67115,207
2017-04-17$46.63$45.0030.6%8.8%14.7%41.7%31.6%2.5%-3.3%-97.3K-6.2M-194.9K1.5232.387591,15719,17015,251
2017-04-18$47.36$45.0031.3%9.0%15.9%44.2%31.4%3.7%-3.9%164.2K-13.0M-192.1K0.8327.771,8711,56219,18215,310
2017-04-19$46.09$45.0023.5%6.7%17.5%15.8%25.0%3.1%-0.4%-2.4M6.6M-164.2K2.4432.908282,02120,10316,384
2017-04-20$46.02$46.0022.3%6.4%17.3%11.5%23.7%3.0%-0.3%-2.6M7.1M-160.7K0.1124.4210,6311,18820,02816,064
2017-04-21$46.64$46.0023.0%6.6%18.0%13.8%23.2%3.5%-1.1%3.4M-14.4M-192.6K1.3924.857781,07925,03016,033
2017-04-24$47.06$46.0020.6%5.9%17.4%5.3%20.9%2.2%0.5%3.8M-35.7M-195.6K0.9319.911,00493122,6525,780
2017-04-25$47.12$46.0020.4%5.9%17.3%4.5%21.2%1.5%0.3%4.1M-36.6M-190.2K2.1825.1042191722,9765,781
2017-04-26$47.18$46.0020.1%5.8%16.7%3.4%20.1%0.9%0.2%4.2M-36.8M-192.5K2.2369.1140389823,0875,849
2017-04-27$47.06$46.0019.7%5.6%16.7%1.9%20.0%1.8%0.7%4.2M-36.1M-189.2K2.0849.1142087423,1515,867
2017-04-28$46.64$46.0019.1%5.5%16.8%0.0%20.6%1.8%0.5%4.0M-31.0M-185.4K0.5429.221,37773723,1985,869