TXT Options History — March 2018

In March 2018, TXT traded between $57.00 and $60.36. ATM implied volatility averaged 26.4%, placing in the 43.8% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 2.8% (HV 20d: 23.6%). Max pain ranged from $55.00 to $60.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 1.48.

Notable Days

  • 2018-03-01: Highest Volume — 11,033 contracts
  • 2018-03-08: Largest IV drop — 24.0% change
  • 2018-03-27: Highest IV Rank — 80.0%
  • 2018-03-27: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$58.61$57.00$60.36$58.36$59.00
Max Pain$58.33$55.00$60.00$55.00$60.00
ATM IV26.4%19.4%35.3%24.6%29.6%
Expected Move7.8%6.8%10.1%7.1%8.5%
HV 20d23.6%20.0%29.8%29.8%21.8%
HV 60d22.0%21.1%23.5%21.6%23.5%
IV Rank43.8%15.7%80.0%36.7%57.0%
IV Percentile64.6%5.6%95.6%60.3%82.1%
Term Structure-2.0%-8.3%2.0%2.0%-3.9%
VWIV27.1%20.3%32.0%26.2%32.0%
Skew 25d2.6%1.7%4.2%2.7%2.2%
Skew 10d7.3%3.2%12.2%12.2%5.8%
Call IV 25d26.8%23.3%32.2%26.4%30.1%
Put IV 25d29.4%25.9%34.5%29.1%32.3%
Bid-Ask Spread %39.5710.54101.07101.0710.54
Gamma HHI0.270.210.360.250.25
Net GEX307.6K-64.9K809.6K-64.9K431.0K
Net DEX-11.4M-27.9M738.6K-15.9M-10.7M
Net VEX-196.2K-225.1K-169.6K-180.2K-181.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.480.296.940.451.41
Total Volume2,6541,06011,03311,0331,287
Total OI30,645.14322,78736,74332,68424,479

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-03-01$58.36$55.0024.6%7.1%29.8%36.7%26.2%2.7%2.0%-64.9K-15.9M-180.2K0.45101.077,6303,40311,87220,812
2018-03-02$57.78$55.0025.0%7.2%29.2%38.4%26.8%4.2%2.0%173.6K-8.9M-225.1K0.9396.441,3831,29314,24420,567
2018-03-05$58.46$55.0024.9%7.7%29.4%37.8%27.9%2.1%-1.8%328.0K-16.1M-192.2K0.8273.201,2871,05714,30320,734
2018-03-06$58.53$55.0025.1%7.6%26.5%38.7%26.0%2.4%-1.7%348.8K-15.8M-206.8K0.7266.241,3991,01014,56920,820
2018-03-07$58.50$55.0025.5%7.6%26.5%40.4%26.6%2.3%-1.9%262.5K-15.4M-205.4K0.9280.031,2351,13614,43920,859
2018-03-08$58.92$55.0019.4%7.4%25.8%15.7%20.3%2.4%-1.6%337.7K-18.8M-202.7K1.1344.851,0041,13214,46720,968
2018-03-09$60.36$55.0020.0%6.8%22.1%18.1%25.0%2.6%-0.4%571.1K-27.9M-198.2K3.8835.701,0834,20214,23220,971
2018-03-12$59.09$60.0023.7%7.0%23.7%33.1%23.0%1.7%-1.1%490.8K-16.8M-202.3K1.2431.2478196814,10822,037
2018-03-13$58.94$60.0023.9%7.2%22.8%33.7%24.0%1.7%-1.3%638.4K-17.0M-180.9K0.8118.581,19497214,31622,044
2018-03-14$59.05$60.0024.8%7.1%22.8%37.5%25.8%2.6%-1.0%809.6K-16.9M-180.4K1.6317.8760999314,66922,046
2018-03-15$59.07$60.0024.8%7.1%21.5%37.6%25.2%2.4%-1.1%694.5K-13.4M-201.4K1.7016.505931,00614,67722,066
2018-03-16$59.01$60.0024.1%6.9%20.9%34.7%24.5%2.1%-1.2%166.3K-12.8M-188.8K1.3819.567451,02814,68222,048
2018-03-19$59.02$60.0028.2%8.1%20.3%51.3%28.5%3.5%-3.7%154.5K-4.9M-204.6K0.8619.445694918,09314,694
2018-03-20$59.11$60.0026.9%7.7%20.2%45.8%27.5%2.9%-2.3%256.7K-8.0M-169.6K0.8065.386295048,29714,777
2018-03-21$59.39$60.0027.1%7.8%20.0%46.7%28.2%2.1%-2.7%259.7K-6.5M-215.6K1.2915.059311,2018,53714,832
2018-03-22$57.67$60.0026.9%7.7%22.6%46.0%26.3%3.3%-0.6%-16.3K-1.1M-198.1K0.5722.661,2187008,89115,520
2018-03-23$57.00$60.0031.9%9.1%22.8%66.1%30.2%2.5%-2.9%-23.0K738.6K-200.7K0.8322.856335279,29015,631
2018-03-26$58.29$60.0030.6%8.8%22.1%61.1%31.8%2.9%-4.4%152.1K-4.0M-199.3K6.9419.326744,6759,33015,677
2018-03-27$57.49$60.0035.3%10.1%22.3%80.0%31.3%3.3%-8.3%247.3K-4.5M-190.6K2.5722.865941,5279,35815,006
2018-03-28$57.67$60.0031.3%9.0%22.3%63.6%31.2%2.3%-4.5%241.6K-4.7M-196.6K0.2931.681,8875449,37315,213
2018-03-29$59.00$60.0029.6%8.5%21.8%57.0%32.0%2.2%-3.9%431.0K-10.7M-181.1K1.4110.545357529,21915,260