TXT Options History — April 2020

In April 2020, TXT traded between $24.16 and $30.31. ATM implied volatility averaged 77.5%, placing in the 54.5% IV rank vs the trailing year. The 30-day expected move averaged 22.4%. IV traded below realized volatility by 38.1% (HV 20d: 115.6%). Max pain ranged from $25.00 to $35.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.85.

Notable Days

  • 2020-04-30: Highest Volume — 1,011 contracts
  • 2020-04-13: Largest IV spike — 27.7% change
  • 2020-04-01: Highest IV Rank — 72.8%
  • 2020-04-01: Largest Expected Move — 27.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.02$24.16$30.31$24.69$26.37
Max Pain$25.71$25.00$35.00$35.00$30.00
ATM IV77.5%60.1%96.9%96.9%70.8%
Expected Move22.4%17.2%27.8%27.8%20.3%
HV 20d115.6%82.9%153.3%153.3%93.0%
HV 60d99.5%93.7%105.0%93.7%105.0%
IV Rank54.5%38.0%72.8%72.8%48.2%
IV Percentile91.4%85.3%95.6%95.6%87.7%
Term Structure-14.3%-39.1%-5.2%-6.9%-39.1%
VWIV74.7%60.3%96.0%96.0%61.1%
Skew 25d18.4%4.1%33.6%20.3%4.1%
Skew 10d33.3%4.3%61.8%17.4%4.3%
Call IV 25d68.4%52.8%90.9%90.9%62.4%
Put IV 25d86.8%66.6%111.2%111.2%66.6%
Bid-Ask Spread %62.4729.7391.3191.3164.15
Gamma HHI0.250.220.280.230.23
Net GEX-101.8K-141.1K-60.1K-84.3K-83.7K
Net DEX17.6M16.4M18.8M17.8M16.5M
Net VEX-48.7K-63.1K-35.9K-44.3K-47.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.850.153.721.520.26
Total Volume268.095301,0111261,011
Total OI14,915.95213,83015,80415,32614,510

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-04-01$24.69$35.0096.9%27.8%153.3%72.8%96.0%20.3%-6.9%-84.3K17.8M-44.3K1.5291.3150765,7849,542
2020-04-02$24.16$25.0090.1%25.3%151.0%66.4%93.1%21.1%-23.5%-88.0K16.4M-47.6K0.6957.28132915,7879,509
2020-04-03$24.79$25.0093.0%24.5%151.7%69.2%91.8%20.6%-7.1%-80.3K18.2M-41.0K1.5061.8512185,9049,519
2020-04-06$27.23$25.0070.8%23.8%150.2%48.2%69.8%23.6%-16.5%-112.9K17.1M-56.5K3.7260.21742755,9099,519
2020-04-07$27.20$25.0074.2%23.6%146.7%51.4%78.3%33.6%-12.8%-111.5K18.8M-50.6K0.8874.1893825,8909,726
2020-04-08$27.83$25.0071.4%20.5%142.0%48.7%71.6%18.5%-22.3%-128.2K18.6M-53.4K1.6263.571592575,9059,747
2020-04-09$29.56$25.0069.7%20.0%123.0%47.1%67.2%15.0%-7.0%-138.7K17.9M-63.1K0.2160.78207435,8629,666
2020-04-13$27.38$25.0089.0%25.5%117.5%65.3%81.2%21.1%-13.0%-117.0K18.7M-49.6K0.6656.541531015,8899,657
2020-04-14$27.58$25.0071.1%20.4%116.7%48.4%75.2%19.6%-20.9%-100.2K18.6M-47.6K0.3368.41135446,0649,625
2020-04-15$25.88$25.0084.8%24.3%118.5%61.4%76.3%21.3%-16.5%-104.0K18.8M-40.5K0.5152.37117606,0869,657
2020-04-16$24.73$25.0077.8%22.3%111.5%54.8%76.3%13.7%-7.5%-98.7K18.7M-35.9K0.2359.40131306,1219,683
2020-04-17$27.50$25.0076.8%22.0%116.8%53.9%68.3%15.1%-26.6%-112.9K16.5M-55.9K0.5461.691851006,0379,377
2020-04-20$26.72$25.0082.0%23.5%104.9%58.8%68.6%19.3%-7.8%-89.2K17.0M-47.7K0.3285.12198635,0908,740
2020-04-21$26.00$25.0083.2%23.8%104.9%59.9%78.5%12.4%-8.2%-83.0K16.4M-47.2K2.1765.7630655,2218,762
2020-04-22$26.84$25.0081.6%23.4%105.0%58.4%70.6%15.7%-26.6%-60.1K17.7M-41.9K0.4464.5443195,2488,750
2020-04-23$27.97$25.0071.2%20.4%87.1%48.6%74.8%21.5%-7.2%-97.6K17.1M-52.0K0.2668.30123325,2748,754
2020-04-24$27.28$25.0078.6%22.5%84.2%55.6%75.4%19.7%-8.0%-81.7K17.9M-42.4K1.1129.73921025,2358,757
2020-04-27$28.22$25.0066.2%19.0%82.9%43.9%67.0%13.4%-7.0%-106.1K17.7M-45.9K0.6237.22143885,3028,772
2020-04-28$29.18$25.0067.4%19.3%83.4%44.9%67.9%19.5%-10.4%-118.8K17.1M-53.7K0.1568.74175265,3288,843
2020-04-29$30.31$25.0060.1%17.2%83.4%38.0%60.3%17.0%-5.2%-141.1K16.4M-60.0K0.1760.786781175,3488,836
2020-04-30$26.37$30.0070.8%20.3%93.0%48.2%61.1%4.1%-39.1%-83.7K16.5M-47.2K0.2664.158052065,6388,872