TXT Options History — January 2020

In January 2020, TXT traded between $44.25 and $47.09. ATM implied volatility averaged 29.0%, placing in the 37.1% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded above realized volatility by 9.9% (HV 20d: 19.0%). Max pain ranged from $45.00 to $45.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.49.

Notable Days

  • 2020-01-29: Highest Volume — 5,907 contracts
  • 2020-01-29: Largest IV drop — 32.7% change
  • 2020-01-28: Highest IV Rank — 67.1%
  • 2020-01-28: Largest Expected Move — 11.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.29$44.25$47.09$45.20$45.94
Max Pain$45.00$45.00$45.00$45.00$45.00
ATM IV29.0%21.8%39.7%21.8%28.7%
Expected Move8.9%6.2%11.4%6.2%8.2%
HV 20d19.0%17.7%22.7%18.2%22.7%
HV 60d20.2%17.7%24.1%24.1%18.7%
IV Rank37.1%17.0%67.1%17.0%36.5%
IV Percentile54.6%11.9%96.4%11.9%57.1%
Term Structure-1.7%-7.0%6.9%6.4%-0.7%
VWIV31.9%21.7%40.6%21.7%28.0%
Skew 25d5.0%3.3%9.4%9.3%5.4%
Skew 10d11.8%6.0%17.2%15.3%10.3%
Call IV 25d29.3%17.3%37.8%17.3%26.4%
Put IV 25d34.3%26.4%42.6%26.6%31.8%
Bid-Ask Spread %23.713.8477.6845.3019.97
Gamma HHI0.360.250.500.440.34
Net GEX-551.7K-801.4K-100.5K-616.5K-292.9K
Net DEX7.6M-1.0M13.0M9.3M3.7M
Net VEX-127.1K-135.8K-119.0K-119.6K-135.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.490.1310.640.631.32
Total Volume1,5023005,9078953,181
Total OI24,672.95220,83031,20523,21822,958

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-01-02$45.20$45.0021.8%6.2%18.2%17.0%21.7%9.3%6.4%-616.5K9.3M-119.6K0.6345.305503459,17314,045
2020-01-03$44.65$45.0022.4%6.4%18.6%18.9%22.9%9.4%6.9%-738.4K11.8M-119.0K0.3153.771,0693369,29314,154
2020-01-06$44.53$45.0023.8%8.5%18.5%22.7%31.5%5.7%-0.8%-688.7K11.5M-120.0K0.4515.914712149,91214,273
2020-01-07$44.84$45.0024.1%8.7%18.5%23.5%34.1%4.9%-1.2%-690.5K10.7M-119.7K0.5977.6897557910,07414,426
2020-01-08$44.25$45.0024.5%8.8%18.0%24.6%34.6%5.4%-1.3%-747.3K13.0M-124.5K0.4920.061,20859310,64014,861
2020-01-09$45.05$45.0022.6%8.9%18.8%19.3%31.2%3.8%-1.7%-584.8K9.1M-131.7K0.1317.386798811,39815,295
2020-01-10$44.39$45.0022.3%8.8%19.5%18.4%31.7%6.1%-2.2%-630.3K13.0M-126.3K0.4716.4933615811,54515,363
2020-01-13$45.00$45.0026.5%9.2%19.7%30.3%32.4%6.0%-2.7%-653.3K9.6M-126.1K1.5216.7146670911,77715,482
2020-01-14$45.38$45.0027.8%9.1%18.3%33.8%30.4%5.2%-2.0%-631.6K7.2M-128.1K3.9013.9516363611,89715,822
2020-01-15$45.25$45.0032.0%9.2%17.7%45.6%32.0%3.6%-2.1%-801.4K8.0M-127.3K0.6527.8721313811,96116,010
2020-01-16$46.03$45.0031.5%9.0%18.5%44.3%36.7%4.0%-2.3%-556.5K1.8M-125.9K10.6415.962332,48012,02515,891
2020-01-17$46.18$45.0031.7%9.1%17.7%44.9%30.5%4.6%-2.6%-377.5K219.3K-132.4K0.2015.124158512,97618,229
2020-01-21$45.48$45.0033.5%9.6%17.9%49.9%33.2%4.5%-4.0%-465.3K7.0M-130.5K0.5249.803211668,05112,779
2020-01-22$44.70$45.0033.9%9.7%18.5%51.0%34.2%4.2%-4.2%-577.8K9.7M-128.0K0.464.962391118,39613,073
2020-01-23$45.00$45.0034.5%9.9%18.4%52.7%34.6%3.9%-4.5%-544.4K8.8M-129.1K1.704.513856538,51613,139
2020-01-24$44.73$45.0035.6%10.2%18.3%55.6%35.1%3.9%-4.9%-635.8K10.8M-128.6K0.697.771781228,50613,528
2020-01-27$44.66$45.0038.5%11.0%18.2%63.7%38.5%3.6%-6.4%-607.1K10.7M-130.1K0.453.844121848,61013,574
2020-01-28$45.99$45.0039.7%11.4%20.3%67.1%40.6%4.9%-7.0%-401.0K5.2M-135.8K1.028.081,6881,7238,78113,556
2020-01-29$47.09$45.0026.7%7.7%21.7%30.8%28.1%3.8%-0.4%-245.0K541.2K-122.9K1.9843.401,9793,9288,94114,995
2020-01-30$46.80$45.0026.1%7.5%21.9%29.2%27.8%3.3%1.2%-100.5K-1.0M-126.9K3.1519.317552,37810,19814,009
2020-01-31$45.94$45.0028.7%8.2%22.7%36.5%28.0%5.4%-0.7%-292.9K3.7M-135.5K1.3219.971,3721,80910,49512,463