TXT Options History — July 2017

In July 2017, TXT traded between $47.45 and $49.68. ATM implied volatility averaged 25.1%, placing in the 22.6% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 8.6% (HV 20d: 16.6%). Max pain ranged from $46.00 to $49.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 1.96.

Notable Days

  • 2017-07-25: Highest Volume — 13,669 contracts
  • 2017-07-12: Largest IV drop — 31.3% change
  • 2017-07-11: Highest IV Rank — 62.7%
  • 2017-07-05: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.78$47.45$49.68$47.73$49.24
Max Pain$47.65$46.00$49.00$48.00$49.00
ATM IV25.1%18.6%36.4%29.4%21.2%
Expected Move6.7%5.3%8.9%8.4%6.1%
HV 20d16.6%13.6%18.8%17.2%14.5%
HV 60d18.2%17.5%19.1%18.8%18.1%
IV Rank22.6%0.0%62.7%37.3%9.1%
IV Percentile46.4%0.0%98.0%79.8%21.0%
Term Structure-1.1%-6.3%0.8%-5.5%0.0%
VWIV23.9%19.0%34.0%30.2%21.3%
Skew 25d1.3%-0.3%4.0%1.7%1.1%
Skew 10d3.6%-0.3%13.4%4.2%3.6%
Call IV 25d23.6%19.3%29.4%29.3%22.0%
Put IV 25d24.8%20.1%33.3%31.0%23.1%
Bid-Ask Spread %34.2611.6381.1665.0223.74
Gamma HHI0.510.430.610.520.47
Net GEX3.3M1.8M4.9M2.2M4.9M
Net DEX-40.3M-55.0M-21.4M-21.4M-51.6M
Net VEX-278.2K-459.2K-195.8K-195.8K-443.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.960.248.371.363.89
Total Volume5,937.651,80813,6691,8085,416
Total OI37,254.1527,17254,49327,17754,493

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2017-07-03$47.73$48.0029.4%8.4%17.2%37.3%30.2%1.7%-5.5%2.2M-21.4M-195.8K1.3665.027651,04318,3238,854
2017-07-05$48.09$48.0031.0%8.9%17.3%43.2%34.0%4.0%-6.3%2.1M-26.2M-203.8K0.9571.162,1712,06518,3348,838
2017-07-06$47.45$46.0033.7%7.5%18.0%52.8%26.5%1.7%-1.9%1.8M-21.9M-216.6K1.1922.941,8662,21519,4699,817
2017-07-07$48.08$46.0032.4%6.9%18.6%48.3%24.8%1.7%-1.4%2.2M-26.4M-218.9K1.1518.761,8952,18319,46610,006
2017-07-10$48.52$47.0036.3%7.2%18.8%62.3%25.4%0.8%-1.5%2.1M-32.2M-221.7K0.7315.853,0092,19719,57210,096
2017-07-11$48.73$47.0036.4%7.1%18.8%62.7%26.3%1.8%-1.0%2.5M-35.6M-224.1K2.0818.541,1982,48720,84210,149
2017-07-12$48.88$47.0025.0%7.2%18.4%21.5%26.2%1.1%-1.0%2.5M-36.6M-225.4K0.5140.634,4962,30420,91610,516
2017-07-13$49.17$48.0025.3%7.2%18.2%22.5%26.5%1.8%-1.9%2.9M-45.3M-270.6K1.6214.261,6242,62924,45510,783
2017-07-14$49.68$48.0024.7%7.1%18.3%20.3%26.1%1.6%-1.6%3.0M-51.6M-266.9K1.2911.631,7192,21224,66911,194
2017-07-17$49.57$46.0025.6%7.3%18.4%23.5%25.8%0.8%-2.0%3.1M-51.7M-265.4K0.7917.653,3292,61925,10011,169
2017-07-18$49.67$47.0024.7%7.1%17.9%20.3%25.6%1.2%-1.9%3.4M-55.0M-266.4K0.9925.843,6723,61926,16111,604
2017-07-19$48.79$47.0019.4%5.6%16.8%1.2%19.8%1.3%-0.2%4.1M-42.8M-258.8K0.8245.283,0212,47727,45711,826
2017-07-20$48.69$48.0018.7%5.3%15.2%0.0%19.7%0.8%0.4%4.2M-40.7M-254.2K1.8118.601,0921,97528,05312,144
2017-07-21$48.52$48.0018.9%5.4%14.1%0.8%19.9%0.8%0.6%3.4M-38.5M-254.2K0.9513.412,3112,19028,01712,208
2017-07-24$48.79$48.0018.6%5.3%14.1%0.0%19.0%0.8%0.5%4.0M-37.8M-254.7K1.5032.031,2271,83625,3278,775
2017-07-25$49.26$48.0020.2%5.8%14.3%5.7%19.8%0.1%0.5%4.0M-45.4M-260.3K0.2473.1810,9902,67925,7108,824
2017-07-26$49.04$49.0020.0%5.7%13.6%4.8%20.1%-0.3%0.7%4.9M-54.4M-354.5K6.0181.161,90311,44234,4289,698
2017-07-27$48.45$49.0021.2%6.1%14.2%9.2%21.0%1.7%0.8%4.3M-39.6M-450.1K8.3729.391,43512,01835,07618,531
2017-07-28$49.29$49.0020.4%5.8%14.9%6.2%20.6%1.2%0.8%4.6M-51.4M-459.2K2.9746.101,3654,05934,97219,211
2017-07-31$49.24$49.0021.2%6.1%14.5%9.1%21.3%1.1%0.0%4.9M-51.6M-443.1K3.8923.741,1084,30835,23119,262