TXT Options History — March 2020

In March 2020, TXT traded between $21.84 and $41.15. ATM implied volatility averaged 88.5%, placing in the 81.9% IV rank vs the trailing year. The 30-day expected move averaged 25.0%. IV traded below realized volatility by 14.0% (HV 20d: 102.5%). Max pain ranged from $35.00 to $50.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 3.84.

Notable Days

  • 2020-03-13: Highest Volume — 1,921 contracts
  • 2020-03-12: Largest IV spike — 56.9% change
  • 2020-03-05: Highest IV Rank — 100.0%
  • 2020-03-19: Largest Expected Move — 36.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.68$21.84$41.15$41.15$26.86
Max Pain$38.41$35.00$50.00$50.00$35.00
ATM IV88.5%46.0%125.6%49.7%98.2%
Expected Move25.0%13.2%36.0%14.3%28.1%
HV 20d102.5%31.8%152.6%47.6%151.8%
HV 60d66.8%31.9%92.4%32.0%92.4%
IV Rank81.9%57.6%100.0%77.0%74.0%
IV Percentile98.6%95.2%100.0%98.8%96.0%
Term Structure-12.8%-38.0%7.3%-7.4%-26.3%
VWIV87.5%46.0%142.3%47.9%111.5%
Skew 25d24.6%-9.7%65.6%13.8%53.6%
Skew 10d47.5%-9.3%114.3%22.1%48.3%
Call IV 25d78.0%40.6%124.6%42.4%89.6%
Put IV 25d102.6%52.8%148.9%56.3%143.2%
Bid-Ask Spread %78.1312.9598.7512.9595.50
Gamma HHI0.260.190.360.340.25
Net GEX-210.8K-660.6K-67.1K-660.6K-101.1K
Net DEX24.5M15.6M32.5M24.9M18.2M
Net VEX-74.3K-117.5K-39.7K-114.1K-53.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.840.1516.7410.220.48
Total Volume639.727431,9211,12243
Total OI20,239.63614,82124,56620,84315,317

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-03-02$41.15$50.0049.7%14.3%47.6%77.0%47.9%13.8%-7.4%-660.6K24.9M-114.1K10.2212.951001,0228,33312,510
2020-03-03$41.09$50.0051.9%14.9%47.3%82.0%47.8%11.3%-6.1%-631.6K24.4M-117.5K1.8728.741913588,35912,536
2020-03-04$40.89$50.0046.0%13.2%31.8%68.6%46.0%12.2%-2.0%-611.1K25.6M-111.0K1.8229.601202188,45812,670
2020-03-05$37.14$40.0067.7%16.3%43.4%100.0%56.8%27.6%-10.7%-392.6K29.4M-96.9K11.5762.84799148,46212,627
2020-03-06$35.70$40.0059.4%16.6%43.8%84.1%60.0%20.4%0.0%-329.5K31.5M-96.7K8.5088.261008508,51613,362
2020-03-09$31.22$40.0092.6%20.5%59.6%100.0%70.4%12.6%-12.3%-230.4K32.5M-70.2K0.8561.066925898,56113,389
2020-03-10$33.83$40.0062.6%18.2%70.2%61.0%65.0%0.6%-10.5%-287.8K32.2M-86.2K1.8087.24661198,87213,510
2020-03-11$30.20$40.0070.4%20.2%77.6%69.4%67.5%28.7%-5.4%-190.6K31.3M-72.2K7.9089.54503958,90213,510
2020-03-12$24.71$40.00110.4%31.7%99.1%100.0%142.3%-9.7%-19.1%-101.4K27.1M-59.3K0.1588.831,0891658,94613,821
2020-03-13$28.20$35.00107.6%30.8%115.5%96.9%70.3%64.4%-36.9%-94.3K27.3M-77.2K2.5195.735471,3749,95013,701
2020-03-16$27.16$35.00101.4%29.1%115.0%90.0%113.8%65.6%7.3%-95.9K27.5M-74.5K8.4493.33413469,94914,046
2020-03-17$27.81$35.0099.0%28.4%116.3%87.4%94.5%40.1%-14.2%-79.8K28.1M-74.8K16.7489.43691,1559,94114,101
2020-03-18$24.66$35.00124.8%35.8%120.5%100.0%137.6%36.0%-38.0%-84.0K27.3M-65.8K2.7495.19581599,95714,609
2020-03-19$25.80$35.00125.6%36.0%123.1%100.0%126.7%24.9%-37.5%-97.8K25.9M-74.6K0.6398.759045739,96814,163
2020-03-20$22.45$35.00101.9%29.2%128.4%77.6%99.9%24.9%-14.0%-67.1K26.3M-46.2K2.4788.9438949,86613,912
2020-03-23$21.84$35.00104.4%29.9%128.4%80.0%101.3%3.0%-2.6%-68.8K17.1M-39.7K2.4282.51641555,3569,781
2020-03-24$22.48$35.0090.2%25.9%130.3%66.5%98.5%30.4%-4.4%-71.4K16.5M-42.2K1.4277.181171665,4129,409
2020-03-25$26.66$35.00110.1%31.6%148.9%85.3%105.0%28.0%-12.0%-105.3K17.2M-58.6K0.6683.402881895,4849,428
2020-03-26$28.48$35.0080.8%23.2%152.3%57.6%80.0%10.0%-5.8%-123.6K15.6M-75.6K0.4092.51201805,5199,550
2020-03-27$27.02$35.00104.4%29.9%152.6%79.9%90.3%27.6%-17.9%-103.9K16.9M-62.2K0.7686.71112855,6969,546
2020-03-30$27.65$35.0088.2%25.3%152.0%64.6%92.5%14.8%-6.4%-108.8K16.7M-67.0K0.1890.6384155,7189,549
2020-03-31$26.86$35.0098.2%28.1%151.8%74.0%111.5%53.6%-26.3%-101.1K18.2M-53.1K0.4895.5029145,7779,540