TXT Options History — November 2018

In November 2018, TXT traded between $54.33 and $57.08. ATM implied volatility averaged 29.7%, placing in the 56.2% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded below realized volatility by 8.8% (HV 20d: 38.5%). 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 0 of 21 days. Put/call ratio averaged 0.88.

Notable Days

  • 2018-11-08: Highest Volume — 2,062 contracts
  • 2018-11-12: Largest IV spike — 23.6% change
  • 2018-11-13: Highest IV Rank — 79.4%
  • 2018-11-20: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$55.79$54.33$57.08$55.13$56.27
Max Pain$59.52$55.00$60.00$55.00$60.00
ATM IV29.7%27.7%35.6%29.3%28.5%
Expected Move8.2%7.5%8.7%8.4%8.2%
HV 20d38.5%21.5%52.3%51.1%21.5%
HV 60d33.4%32.6%33.9%32.6%33.9%
IV Rank56.2%48.0%79.4%54.7%51.4%
IV Percentile81.6%75.4%96.4%82.9%76.2%
Term Structure-1.5%-2.2%-0.9%-1.5%-1.6%
VWIV29.0%23.9%32.9%30.6%26.5%
Skew 25d5.2%4.5%6.1%6.0%5.5%
Skew 10d9.7%4.1%13.2%10.0%9.4%
Call IV 25d26.5%22.9%30.8%28.6%26.1%
Put IV 25d31.7%27.7%36.5%34.6%31.6%
Bid-Ask Spread %26.439.3372.5110.3972.51
Gamma HHI0.340.280.410.280.39
Net GEX163.6K-131.9K344.3K-116.3K287.9K
Net DEX10.5M3.1M19.7M16.5M8.5M
Net VEX-149.7K-164.5K-131.9K-161.2K-131.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.880.611.160.610.72
Total Volume1,536.7141,1812,0621,7061,372
Total OI34,335.71431,84536,88234,61032,288

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-11-01$55.13$55.0029.3%8.4%51.1%54.7%30.6%6.0%-1.5%-116.3K16.5M-161.2K0.6110.391,05864814,93519,675
2018-11-02$54.33$55.0030.0%8.6%51.0%57.3%32.9%5.8%-1.9%-116.4K19.7M-156.5K0.6810.7996566015,09719,678
2018-11-05$54.97$60.0032.3%8.1%51.3%66.2%30.7%5.3%-1.3%-131.9K17.4M-157.6K0.9212.6281174415,12319,713
2018-11-06$55.72$60.0031.4%8.1%52.1%62.7%28.6%4.7%-1.0%112.2K10.4M-164.5K0.9310.4888782515,96619,795
2018-11-07$57.08$60.0027.9%7.5%52.3%49.0%25.7%4.8%-0.9%162.9K3.1M-159.3K0.9132.3685878116,04919,776
2018-11-08$56.59$60.0027.7%7.5%51.7%48.0%23.9%4.5%-1.1%163.8K6.0M-160.3K0.6318.041,26280016,16219,808
2018-11-09$56.95$60.0028.7%7.8%51.9%52.2%26.3%4.9%-1.3%297.6K3.3M-164.0K0.8034.291,01981916,76019,858
2018-11-12$55.45$60.0035.5%8.1%51.6%79.0%32.1%4.8%-1.5%173.4K13.3M-153.4K0.9013.6185076716,77319,885
2018-11-13$55.88$60.0035.6%8.2%51.6%79.4%30.3%5.6%-1.7%164.5K9.3M-156.8K1.0515.5973577116,84119,872
2018-11-14$56.11$60.0029.3%8.4%51.3%54.7%30.8%5.9%-1.7%131.3K7.9M-160.2K1.1015.0372579616,87819,947
2018-11-15$56.94$60.0029.2%8.4%29.4%54.0%30.6%5.5%-1.7%105.0K4.0M-155.9K0.8616.9885473816,91419,968
2018-11-16$56.77$60.0028.3%8.1%29.2%50.7%29.8%5.4%-1.4%96.1K4.8M-151.0K1.1015.4281689616,89919,972
2018-11-19$55.88$60.0028.3%8.1%29.6%50.7%28.7%5.0%-1.4%186.5K10.1M-146.6K0.9137.6462457013,35118,494
2018-11-20$54.82$60.0030.3%8.7%29.7%58.5%30.5%6.1%-2.0%153.5K14.4M-146.0K0.9148.7879672813,36218,521
2018-11-21$54.88$60.0028.4%8.1%27.8%51.0%28.8%4.6%-1.5%175.0K14.6M-141.5K1.0910.1067673513,36218,609
2018-11-23$55.10$60.0029.5%8.5%27.8%55.5%31.5%5.0%-1.9%307.9K14.2M-136.5K1.1637.7462872713,46118,615
2018-11-26$55.51$60.0028.5%8.2%27.6%51.4%27.8%5.5%-1.4%286.7K11.5M-136.8K0.839.3364453713,46118,615
2018-11-27$54.95$60.0028.7%8.2%24.6%52.1%27.4%4.5%-1.5%324.2K14.9M-134.6K0.849.4868757613,55218,602
2018-11-28$56.14$60.0028.4%8.1%22.8%51.0%28.0%5.4%-2.2%328.1K9.8M-134.3K0.9163.7270464213,54418,633
2018-11-29$56.22$60.0028.6%8.2%22.6%51.8%27.6%4.9%-1.6%344.3K7.2M-135.2K0.6860.0991462613,55718,679
2018-11-30$56.27$60.0028.5%8.2%21.5%51.4%26.5%5.5%-1.6%287.9K8.5M-131.9K0.7272.5179957313,58818,700