TXT Options History — April 2018

In April 2018, TXT traded between $57.58 and $65.54. ATM implied volatility averaged 27.7%, placing in the 49.3% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 0.1% (HV 20d: 27.6%). Max pain ranged from $55.00 to $65.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.79.

Notable Days

  • 2018-04-18: Highest Volume — 10,340 contracts
  • 2018-04-11: Largest IV drop — 27.2% change
  • 2018-04-10: Highest IV Rank — 85.7%
  • 2018-04-04: Largest Expected Move — 9.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$60.97$57.58$65.54$57.58$62.38
Max Pain$60.71$55.00$65.00$60.00$65.00
ATM IV27.7%21.1%36.7%33.4%25.1%
Expected Move7.5%6.0%9.7%9.6%7.2%
HV 20d27.6%23.1%34.2%23.2%30.2%
HV 60d26.0%23.9%28.3%24.0%27.5%
IV Rank49.3%22.5%85.7%72.2%38.7%
IV Percentile69.7%23.4%97.6%92.1%63.9%
Term Structure-2.0%-7.1%0.3%-6.1%-0.5%
VWIV27.1%22.4%35.1%35.1%24.0%
Skew 25d3.3%2.6%4.1%3.2%3.3%
Skew 10d7.9%6.5%11.8%7.7%6.5%
Call IV 25d25.9%21.4%33.7%33.7%21.6%
Put IV 25d29.2%24.7%36.9%36.9%24.9%
Bid-Ask Spread %19.066.9556.5718.597.13
Gamma HHI0.400.230.730.230.48
Net GEX1.1M136.6K3.0M136.6K1.6M
Net DEX-22.8M-65.5M-4.0M-4.0M-23.6M
Net VEX-191.4K-221.8K-167.2K-179.4K-214.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.790.179.411.442.53
Total Volume2,411.42986810,3401,4431,744
Total OI29,482.23824,63536,33624,80535,498

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-04-02$57.58$60.0033.4%9.6%23.2%72.2%35.1%3.2%-6.1%136.6K-4.0M-179.4K1.4418.595928519,35415,451
2018-04-03$58.14$60.0032.0%9.2%23.1%66.6%32.9%2.7%-5.1%209.6K-5.8M-174.1K1.159.455356149,26015,375
2018-04-04$58.28$60.0033.7%9.7%23.1%73.6%35.1%3.4%-7.1%207.7K-5.5M-188.0K1.9111.333767179,34315,376
2018-04-05$59.59$55.0030.7%7.3%24.5%61.5%26.0%3.5%-1.6%517.8K-11.3M-189.5K1.186.956267379,43015,499
2018-04-06$58.05$60.0033.5%7.7%26.1%72.8%27.5%4.1%-1.6%188.2K-4.8M-187.8K1.6223.156431,0409,66415,639
2018-04-09$58.06$60.0036.2%7.8%24.4%83.6%27.8%3.2%-2.3%203.5K-5.6M-171.6K1.4110.814997049,88215,939
2018-04-10$58.52$60.0036.7%7.8%23.6%85.7%27.6%2.6%-2.7%284.3K-6.5M-186.6K1.2410.295737109,90415,999
2018-04-11$58.63$60.0026.7%7.7%23.6%45.3%27.0%3.0%-2.4%406.5K-8.1M-183.4K2.3315.1136484910,13916,036
2018-04-12$59.27$60.0026.1%7.5%23.9%42.9%26.3%3.3%-1.9%614.0K-12.0M-167.2K2.337.7835983810,17416,215
2018-04-13$58.42$60.0027.5%7.9%24.4%48.4%29.8%2.7%-2.8%341.3K-7.6M-171.8K9.4151.783673,45510,26216,209
2018-04-16$59.52$60.0027.1%7.8%25.4%46.8%27.7%3.8%-2.8%377.5K-10.1M-184.8K1.1610.7240146710,33618,127
2018-04-17$60.08$60.0026.5%7.6%25.6%44.4%30.0%3.8%-3.5%660.6K-14.6M-178.0K2.2214.092,1284,72810,31418,134
2018-04-18$63.88$60.0023.1%6.6%33.4%30.4%24.2%3.3%0.2%1.5M-44.2M-175.4K0.1743.218,8031,53712,54119,086
2018-04-19$65.51$60.0023.7%6.8%34.2%33.2%24.5%3.9%-0.1%3.0M-64.8M-211.3K0.6820.352,0721,41716,20919,525
2018-04-20$65.54$60.0024.4%7.0%31.8%35.8%24.7%3.6%-0.4%2.1M-65.5M-197.2K0.438.301,68673216,31820,018
2018-04-23$64.72$60.0023.4%6.7%31.9%31.7%24.4%3.0%-0.2%2.4M-44.9M-191.6K0.938.521,0791,00513,94517,824
2018-04-24$64.11$60.0024.4%7.0%31.8%36.0%24.6%3.1%-0.7%2.2M-40.2M-219.0K0.9845.3599797514,40318,030
2018-04-25$63.34$65.0024.2%6.9%31.6%35.0%24.6%2.8%-0.9%1.9M-32.9M-221.8K0.8356.571,13894414,67419,135
2018-04-26$63.78$65.0022.3%6.4%31.6%27.4%22.4%3.0%0.0%2.2M-37.0M-213.9K1.0111.981,0431,05715,22319,405
2018-04-27$62.96$65.0021.1%6.0%31.5%22.5%23.0%3.3%0.3%1.9M-29.4M-212.6K2.598.8834589315,45519,777
2018-04-30$62.38$65.0025.1%7.2%30.2%38.7%24.0%3.3%-0.5%1.6M-23.6M-214.1K2.537.134941,25015,52019,978