TXT Options History — February 2018

In February 2018, TXT traded between $55.80 and $60.97. ATM implied volatility averaged 25.5%, placing in the 40.5% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded below realized volatility by 1.3% (HV 20d: 26.8%). Max pain ranged from $55.00 to $55.00. Net GEX was positive for 12 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 2.85.

Notable Days

  • 2018-02-01: Highest Volume — 5,149 contracts
  • 2018-02-05: Largest IV spike — 43.5% change
  • 2018-02-06: Highest IV Rank — 100.0%
  • 2018-02-09: Largest Expected Move — 10.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$58.80$55.80$60.97$59.68$60.00
Max Pain$55.00$55.00$55.00$55.00$55.00
ATM IV25.5%20.4%40.2%20.9%23.5%
Expected Move7.1%5.9%10.0%5.9%6.7%
HV 20d26.8%19.4%30.2%19.4%29.7%
HV 60d19.7%16.3%21.2%16.3%21.0%
IV Rank40.5%19.9%100.0%22.2%32.2%
IV Percentile53.8%17.1%100.0%21.0%52.8%
Term Structure1.0%-3.8%3.3%2.7%1.7%
VWIV27.1%21.3%39.2%27.2%26.2%
Skew 25d3.7%0.3%11.3%2.4%2.3%
Skew 10d6.5%-0.9%17.8%5.9%3.8%
Call IV 25d23.7%19.4%29.3%20.5%23.1%
Put IV 25d27.4%21.6%40.4%22.9%25.4%
Bid-Ask Spread %64.4112.26105.6212.2696.40
Gamma HHI0.300.210.590.250.35
Net GEX330.7K-393.7K2.8M385.6K209.9K
Net DEX-14.6M-56.5M10.9M-20.8M-25.9M
Net VEX-224.0K-278.1K-177.9K-261.7K-177.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.850.546.005.363.69
Total Volume3,447.5791,5495,1495,1493,828
Total OI37,161.15830,81241,17640,19432,617

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-02-01$59.68$55.0020.9%5.9%19.4%22.2%27.2%2.4%2.7%385.6K-20.8M-261.7K5.3612.268104,33914,51625,678
2018-02-02$59.08$55.0022.9%6.3%19.8%30.5%25.8%2.8%1.8%662.2K-17.6M-245.7K4.5515.488053,66014,56024,617
2018-02-05$57.06$55.0032.9%8.0%22.9%71.6%30.0%0.3%-0.4%-186.7K570.2K-252.4K2.26105.621,3383,02714,51524,543
2018-02-06$57.05$55.0040.2%8.7%22.9%100.0%31.5%3.8%-2.3%-206.2K2.3M-278.1K2.1791.398601,86814,90024,719
2018-02-07$58.09$55.0025.0%7.2%23.9%38.3%28.1%2.9%0.4%37.7K-4.7M-265.4K0.5498.441,8651,00115,03325,127
2018-02-08$55.80$55.0031.0%8.9%27.8%62.5%32.8%6.2%-1.0%-393.7K8.4M-240.5K1.1996.6370884116,31924,600
2018-02-09$56.36$55.0035.0%10.0%27.7%78.6%39.2%11.3%-3.8%-348.6K10.9M-275.3K1.7398.438091,39716,29124,658
2018-02-12$57.50$55.0030.0%8.6%27.9%58.6%28.1%4.2%-3.1%78.9K1.3M-255.7K1.0795.019481,01516,15224,604
2018-02-13$57.61$55.0025.1%7.2%26.9%38.7%29.9%4.4%0.6%123.5K-152.7K-245.0K1.9690.326511,27816,14424,708
2018-02-14$58.89$55.0022.6%6.5%28.1%28.6%25.1%4.2%2.0%1.4M-9.7M-239.9K1.2295.709561,16616,19224,984
2018-02-15$59.68$55.0022.4%6.4%28.4%28.0%22.1%4.1%1.8%2.8M-23.5M-198.3K1.0696.631,0871,14716,13024,964
2018-02-16$60.47$55.0020.4%5.9%28.7%19.9%21.9%1.6%2.3%656.6K-56.5M-192.4K2.20102.131,4763,24816,20324,951
2018-02-20$60.13$55.0023.0%6.6%28.8%30.2%24.0%4.2%1.7%497.9K-26.1M-179.4K6.0022.916984,18610,42220,390
2018-02-21$59.56$55.0022.3%6.4%29.1%27.4%27.5%2.0%2.5%-64.6K-19.3M-208.6K5.4441.855723,10910,40020,482
2018-02-22$59.55$55.0021.9%6.3%28.8%25.6%26.4%3.7%3.3%-13.3K-20.5M-181.7K4.4413.456973,09510,47120,537
2018-02-23$59.33$55.0020.8%5.9%28.4%21.1%24.7%3.1%3.1%-61.3K-19.2M-182.4K2.3713.441,4703,48710,57220,582
2018-02-26$60.97$55.0021.6%6.2%30.1%24.5%21.3%3.5%2.9%376.3K-29.3M-195.0K3.5317.128863,13011,49520,676
2018-02-27$60.33$55.0022.9%6.6%30.2%30.0%23.3%3.5%2.5%303.6K-27.1M-180.6K3.4020.539203,12611,61020,700
2018-02-28$60.00$55.0023.5%6.7%29.7%32.2%26.2%2.3%1.7%209.9K-25.9M-177.9K3.6996.408163,01211,81320,804