TXT Options History — February 2019

In February 2019, TXT traded between $52.40 and $55.00. ATM implied volatility averaged 21.9%, placing in the 20.7% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded below realized volatility by 1.2% (HV 20d: 23.1%). Max pain ranged from $50.00 to $50.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 19 of 19 days. Put/call ratio averaged 0.72.

Notable Days

2019-02-27: Highest Volume — 1,167 contracts
2019-02-08: Largest IV spike — 18.6% change
2019-02-08: Highest IV Rank — 37.6%
2019-02-08: Largest Expected Move — 7.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$54.14	$52.40	$55.00	$53.41	$54.35
Max Pain	$50.00	$50.00	$50.00	$50.00	$50.00
ATM IV	21.9%	20.8%	26.7%	22.6%	21.0%
Expected Move	6.3%	6.0%	7.6%	6.7%	6.0%
HV 20d	23.1%	15.7%	26.7%	26.6%	15.9%
HV 60d	27.1%	26.6%	27.7%	27.7%	26.7%
IV Rank	20.7%	16.6%	37.6%	22.9%	17.3%
IV Percentile	29.5%	24.6%	54.4%	30.6%	25.4%
Term Structure	4.2%	1.4%	9.5%	2.5%	5.7%
VWIV	23.2%	20.8%	30.2%	23.8%	21.1%
Skew 25d	4.8%	3.6%	8.2%	3.8%	7.5%
Skew 10d	9.2%	5.9%	14.7%	9.5%	11.9%
Call IV 25d	21.0%	18.0%	22.8%	22.8%	18.7%
Put IV 25d	25.7%	24.5%	27.3%	26.6%	26.2%
Bid-Ask Spread %	17.43	6.88	53.69	19.81	6.88
Gamma HHI	0.54	0.35	0.86	0.44	0.62
Net GEX	785.0K	124.5K	3.1M	365.1K	715.1K
Net DEX	-14.3M	-20.2M	-9.6M	-14.2M	-10.9M
Net VEX	-104.8K	-120.7K	-95.9K	-120.7K	-99.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.72	0.00	5.41	5.41	0.75
Total Volume	457.474	126	1,167	955	313
Total OI	33,866.684	13,574	48,540	47,940	15,250

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
2019-02-01	$53.41	$50.00	22.6%	6.7%	26.6%	22.9%	23.8%	3.8%	2.5%	365.1K	-14.2M	-120.7K	5.41	19.81	149	806	10,031	37,909
2019-02-04	$53.44	$50.00	22.0%	6.4%	24.2%	21.1%	26.1%	4.8%	2.7%	561.2K	-15.5M	-114.5K	0.17	36.87	237	40	10,059	37,980
2019-02-05	$54.32	$50.00	22.0%	6.4%	23.9%	20.9%	24.4%	4.7%	2.9%	782.3K	-18.7M	-112.8K	0.71	53.69	223	159	10,115	37,972
2019-02-06	$54.11	$50.00	21.2%	6.1%	23.6%	18.0%	26.0%	4.2%	3.6%	850.3K	-18.7M	-109.9K	0.57	12.21	80	46	10,155	37,964
2019-02-07	$53.00	$50.00	22.5%	6.4%	25.3%	22.7%	30.2%	3.8%	3.4%	387.4K	-12.4M	-113.0K	1.11	9.01	142	158	10,183	37,957
2019-02-08	$52.40	$50.00	26.7%	7.6%	25.9%	37.6%	25.1%	4.5%	1.4%	124.5K	-9.6M	-112.4K	0.72	10.57	245	177	10,226	37,960
2019-02-11	$52.69	$50.00	22.6%	6.5%	25.9%	22.9%	22.7%	3.6%	2.9%	324.0K	-11.4M	-107.6K	0.68	11.39	259	175	10,300	38,023
2019-02-12	$53.88	$50.00	21.4%	6.1%	26.5%	18.7%	22.0%	3.7%	3.4%	991.2K	-17.3M	-104.8K	0.26	8.60	333	88	10,311	38,117
2019-02-13	$54.51	$50.00	21.7%	6.2%	26.6%	19.8%	22.0%	4.0%	3.4%	1.4M	-20.2M	-104.6K	0.53	10.51	229	121	10,415	38,120
2019-02-14	$54.20	$50.00	22.0%	6.3%	26.7%	21.0%	22.3%	3.8%	3.2%	1.3M	-18.4M	-104.4K	0.68	11.16	197	134	10,420	38,120
2019-02-15	$54.76	$50.00	21.5%	6.2%	26.7%	19.2%	21.5%	4.5%	3.4%	3.1M	-19.9M	-101.6K	0.21	10.14	746	153	10,395	38,103
2019-02-19	$54.65	$50.00	22.1%	6.3%	26.6%	21.1%	24.0%	3.9%	6.1%	510.2K	-11.1M	-99.1K	0.00	12.75	143	0	8,064	5,529
2019-02-20	$55.00	$50.00	20.8%	6.0%	25.5%	16.7%	20.8%	4.6%	5.7%	506.6K	-12.6M	-99.4K	0.17	16.60	289	49	8,045	5,529
2019-02-21	$54.66	$50.00	21.7%	6.2%	25.7%	19.9%	22.1%	4.7%	6.0%	575.1K	-11.5M	-98.3K	0.20	9.19	584	115	8,182	5,560
2019-02-22	$54.99	$50.00	20.8%	6.0%	15.8%	16.6%	22.0%	4.5%	9.5%	537.0K	-12.2M	-97.8K	0.16	10.54	631	98	8,247	5,591
2019-02-25	$54.97	$50.00	21.6%	6.2%	15.7%	19.4%	21.6%	4.2%	5.6%	599.8K	-13.0M	-97.0K	0.21	52.30	211	44	8,541	5,606
2019-02-26	$54.56	$50.00	21.3%	6.1%	16.0%	18.2%	21.7%	7.6%	6.2%	616.2K	-11.6M	-95.9K	0.19	8.58	127	24	8,599	5,618
2019-02-27	$54.73	$50.00	21.3%	6.1%	16.0%	18.4%	21.3%	8.2%	2.8%	620.8K	-12.1M	-97.0K	0.95	20.37	597	570	8,639	5,632
2019-02-28	$54.35	$50.00	21.0%	6.0%	15.9%	17.3%	21.1%	7.5%	5.7%	715.1K	-10.9M	-99.6K	0.75	6.88	179	134	8,983	6,267