TXT Options History — September 2018

In September 2018, TXT traded between $69.17 and $72.41. ATM implied volatility averaged 21.9%, placing in the 25.9% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 10.0% (HV 20d: 11.9%). Max pain ranged from $60.00 to $70.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 14.50.

Notable Days

2018-09-06: Highest Volume — 12,609 contracts
2018-09-12: Largest IV spike — 29.6% change
2018-09-27: Highest IV Rank — 39.6%
2018-09-27: Largest Expected Move — 7.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$70.72	$69.17	$72.41	$69.51	$71.46
Max Pain	$63.42	$60.00	$70.00	$65.00	$70.00
ATM IV	21.9%	17.5%	25.3%	17.6%	24.9%
Expected Move	6.6%	5.0%	7.3%	5.0%	7.1%
HV 20d	11.9%	9.3%	13.4%	13.4%	12.3%
HV 60d	13.8%	13.1%	14.2%	14.2%	13.8%
IV Rank	25.9%	7.9%	39.6%	8.4%	37.7%
IV Percentile	42.2%	6.3%	69.0%	6.3%	65.1%
Term Structure	-1.2%	-3.2%	5.6%	5.3%	-2.8%
VWIV	28.2%	17.7%	36.3%	17.8%	24.5%
Skew 25d	3.0%	1.3%	4.3%	3.4%	2.8%
Skew 10d	7.3%	1.3%	13.6%	5.0%	5.1%
Call IV 25d	22.1%	17.3%	24.4%	17.7%	23.9%
Put IV 25d	25.1%	21.1%	27.0%	21.1%	26.7%
Bid-Ask Spread %	16.77	6.28	44.04	6.28	11.25
Gamma HHI	0.50	0.24	0.71	0.53	0.26
Net GEX	2.0M	198.5K	4.2M	2.0M	208.7K
Net DEX	-36.6M	-54.0M	-19.6M	-34.6M	-19.6M
Net VEX	-146.5K	-187.5K	-120.9K	-165.0K	-141.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	14.50	6.27	24.37	16.19	11.03
Total Volume	11,038.895	9,938	12,609	10,140	11,299
Total OI	33,189.579	24,657	37,460	34,739	25,922

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2018-09-04	$69.51	$65.00	17.6%	5.0%	13.4%	8.4%	17.8%	3.4%	5.3%	2.0M	-34.6M	-165.0K	16.19	6.28	590	9,550	12,578	22,161
2018-09-05	$69.88	$65.00	17.5%	5.0%	13.3%	7.9%	17.7%	4.3%	5.6%	2.2M	-37.5M	-161.4K	13.57	6.55	682	9,256	12,611	22,177
2018-09-06	$69.79	$60.00	17.7%	6.5%	13.2%	8.7%	30.4%	2.9%	-1.0%	2.3M	-37.6M	-158.1K	15.88	10.43	747	11,862	12,723	22,185
2018-09-07	$69.17	$60.00	17.5%	6.6%	12.9%	8.2%	31.6%	2.8%	-1.4%	1.8M	-29.2M	-187.5K	24.37	11.65	487	11,868	12,771	24,689
2018-09-10	$69.95	$60.00	17.9%	6.7%	12.8%	9.8%	33.7%	3.6%	-1.9%	2.7M	-37.6M	-161.2K	15.41	11.26	669	10,309	12,775	23,205
2018-09-11	$70.07	$60.00	17.9%	6.7%	12.3%	9.6%	32.6%	3.1%	-1.7%	2.9M	-38.7M	-162.2K	14.74	11.59	691	10,182	12,884	23,217
2018-09-12	$69.75	$60.00	23.2%	6.6%	12.3%	31.0%	34.4%	2.5%	-1.4%	3.0M	-36.6M	-160.2K	13.61	14.42	747	10,166	12,906	23,222
2018-09-13	$69.85	$60.00	22.7%	6.5%	11.4%	28.9%	36.3%	3.6%	-1.3%	3.6M	-37.7M	-154.7K	17.33	44.04	590	10,224	13,005	23,227
2018-09-14	$70.58	$60.00	22.1%	6.3%	11.3%	26.6%	32.2%	3.7%	-0.6%	3.8M	-44.4M	-145.9K	19.80	19.27	508	10,056	12,966	23,230
2018-09-17	$70.79	$60.00	23.1%	6.6%	11.2%	30.8%	30.4%	3.6%	-1.2%	3.8M	-46.4M	-144.6K	6.27	35.56	1,623	10,181	13,023	23,173
2018-09-18	$71.56	$65.00	23.5%	6.7%	11.0%	32.2%	29.3%	3.6%	-1.9%	2.3M	-50.6M	-137.8K	12.66	30.28	833	10,542	12,824	23,294
2018-09-19	$71.70	$65.00	24.1%	6.9%	9.3%	34.6%	25.4%	2.2%	-3.2%	2.0M	-53.7M	-126.8K	8.80	9.58	1,139	10,026	12,950	23,269
2018-09-20	$70.84	$65.00	23.8%	6.8%	10.5%	33.3%	21.5%	2.4%	-3.2%	4.2M	-50.0M	-127.2K	10.43	16.19	944	9,842	13,164	23,302
2018-09-21	$71.72	$65.00	23.5%	6.7%	10.9%	32.4%	31.9%	3.3%	-2.8%	234.1K	-54.0M	-131.6K	12.48	15.47	794	9,910	13,020	23,305
2018-09-24	$71.40	$65.00	24.3%	7.0%	11.1%	35.5%	32.0%	2.9%	-2.3%	226.7K	-20.5M	-126.3K	20.35	7.02	484	9,849	6,133	18,524
2018-09-25	$72.41	$65.00	24.8%	7.1%	11.8%	37.4%	24.6%	1.3%	-2.1%	329.9K	-23.6M	-120.9K	11.82	9.55	847	10,009	6,244	18,549
2018-09-26	$71.82	$65.00	25.3%	7.3%	12.3%	39.5%	25.0%	2.8%	-2.7%	339.3K	-22.6M	-132.8K	15.48	25.91	682	10,555	6,580	18,987
2018-09-27	$71.45	$70.00	25.3%	7.3%	12.5%	39.6%	24.6%	2.9%	-2.8%	198.5K	-20.0M	-136.9K	15.29	22.24	675	10,321	6,568	19,239
2018-09-28	$71.46	$70.00	24.9%	7.1%	12.3%	37.7%	24.5%	2.8%	-2.8%	208.7K	-19.6M	-141.9K	11.03	11.25	939	10,360	6,664	19,258