TXT Options History — December 2018

In December 2018, TXT traded between $44.70 and $56.65. ATM implied volatility averaged 35.2%, placing in the 75.7% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded above realized volatility by 9.9% (HV 20d: 25.3%). Max pain ranged from $50.00 to $60.00. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.77.

Notable Days

  • 2018-12-07: Highest Volume — 1,296 contracts
  • 2018-12-07: Largest IV spike — 19.1% change
  • 2018-12-24: Highest IV Rank — 100.0%
  • 2018-12-26: Largest Expected Move — 12.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.29$44.70$56.65$56.65$45.91
Max Pain$55.50$50.00$60.00$60.00$50.00
ATM IV35.2%26.4%43.2%26.4%37.2%
Expected Move9.8%7.6%12.4%7.6%10.7%
HV 20d25.3%20.7%28.2%20.7%27.2%
HV 60d35.3%34.0%36.4%34.0%36.4%
IV Rank75.7%43.1%100.0%43.1%78.4%
IV Percentile90.9%62.3%100.0%62.3%94.8%
Term Structure0.5%-3.7%2.8%-1.3%2.4%
VWIV34.0%24.9%43.2%24.9%36.7%
Skew 25d5.1%3.7%7.1%3.7%4.9%
Skew 10d12.1%7.7%20.3%11.1%13.3%
Call IV 25d32.5%24.1%41.4%24.1%36.1%
Put IV 25d37.6%27.8%48.6%27.8%41.1%
Bid-Ask Spread %51.8319.5877.9666.4524.61
Gamma HHI0.340.220.440.440.26
Net GEX-217.4K-609.8K469.5K440.0K-476.7K
Net DEX24.7M6.4M36.5M6.4M18.8M
Net VEX-93.6K-128.3K-72.4K-126.4K-73.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.182.460.180.57
Total Volume693.051241,2961,195124
Total OI30,595.5523,26133,66532,38423,605

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-12-03$56.65$60.0026.4%7.6%20.7%43.1%24.9%3.7%-1.3%440.0K6.4M-126.4K0.1866.451,01318213,73518,649
2018-12-04$54.58$60.0030.1%8.6%24.6%57.7%31.2%5.3%-3.2%469.5K15.6M-128.3K0.2176.2094519714,47018,684
2018-12-05$54.47$60.0031.1%8.9%24.1%61.5%31.7%5.3%-3.7%458.3K15.1M-127.9K0.2177.9694519714,47018,684
2018-12-06$52.95$55.0031.6%8.1%24.0%63.5%29.4%5.2%1.4%282.8K22.3M-119.1K0.4572.1723110414,45718,551
2018-12-07$52.07$55.0037.6%9.0%24.4%87.3%28.4%4.9%0.8%182.5K23.0M-115.4K0.1976.461,09120514,53918,488
2018-12-10$51.27$55.0039.0%9.3%24.4%92.7%31.4%5.1%0.9%18.0K26.3M-102.8K1.2463.1118222614,55418,442
2018-12-11$50.44$55.0035.3%8.9%23.4%78.2%31.4%4.1%1.6%-197.1K28.7M-95.9K0.2235.0856612714,54418,379
2018-12-12$51.26$55.0030.3%8.7%24.2%58.3%31.2%5.0%1.9%-108.5K27.6M-98.1K1.4748.1831546414,24118,370
2018-12-13$50.09$55.0029.8%8.5%24.8%56.4%29.7%4.2%2.6%-556.2K31.2M-90.3K0.4752.7147122014,19718,681
2018-12-14$49.27$55.0030.1%8.6%23.9%57.6%32.5%4.3%2.6%-584.3K31.6M-89.1K0.3919.5842616514,23918,578
2018-12-17$48.46$55.0034.8%10.0%24.1%76.4%33.1%4.6%-2.6%-557.1K32.5M-82.2K0.4525.2934615414,26718,518
2018-12-18$49.02$55.0032.0%9.2%24.8%65.1%33.3%5.6%1.9%-609.8K31.7M-87.4K0.6053.3222713614,40318,515
2018-12-19$47.25$55.0034.5%9.9%26.7%75.0%33.9%4.0%2.0%-411.6K33.1M-83.4K0.5757.4553830914,38518,502
2018-12-20$45.62$55.0038.8%11.1%28.2%92.1%38.0%5.2%-0.7%-443.4K35.8M-77.1K1.1541.1148455614,71418,675
2018-12-21$45.54$55.0038.6%11.1%27.9%91.3%38.3%6.5%0.3%-459.5K36.5M-75.2K1.2143.4038046014,80518,860
2018-12-24$44.70$55.0043.1%12.4%27.4%100.0%43.0%7.1%-0.7%-458.0K19.9M-77.2K0.6561.333242118,19215,069
2018-12-26$45.01$55.0043.2%12.4%28.1%100.0%43.2%5.3%-1.3%-387.4K19.3M-72.4K2.4645.901022518,26515,105
2018-12-27$45.50$55.0040.9%11.7%26.7%91.7%40.5%6.0%2.8%-481.4K19.6M-78.2K1.6856.151592678,31215,204
2018-12-28$45.67$55.0039.6%11.4%26.9%87.0%39.3%4.9%2.3%-468.0K19.5M-72.9K1.0840.102702918,34615,217
2018-12-31$45.91$50.0037.2%10.7%27.2%78.4%36.7%4.9%2.4%-476.7K18.8M-73.3K0.5724.6179458,39715,208