TXT Options History — May 2020

In May 2020, TXT traded between $23.21 and $31.46. ATM implied volatility averaged 58.7%, placing in the 35.8% IV rank vs the trailing year. The 30-day expected move averaged 16.4%. IV traded below realized volatility by 29.0% (HV 20d: 87.6%). Max pain ranged from $25.00 to $45.00. Net GEX was positive for 8 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.90.

Notable Days

  • 2020-05-08: Highest Volume — 5,429 contracts
  • 2020-05-11: Largest IV spike — 17.7% change
  • 2020-05-01: Highest IV Rank — 49.7%
  • 2020-05-01: Largest Expected Move — 20.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.81$23.21$31.46$26.21$30.90
Max Pain$36.50$25.00$45.00$25.00$35.00
ATM IV58.7%46.6%72.4%72.4%58.1%
Expected Move16.4%14.6%20.8%20.8%16.7%
HV 20d87.6%74.7%96.4%92.6%80.2%
HV 60d109.0%104.9%113.9%105.0%113.9%
IV Rank35.8%24.2%49.7%49.7%35.2%
IV Percentile81.8%77.0%89.3%89.3%80.6%
Term Structure-0.6%-11.9%4.9%-11.9%-0.0%
VWIV55.8%51.1%68.4%68.4%59.0%
Skew 25d10.1%5.7%14.9%14.9%8.5%
Skew 10d17.4%0.6%35.4%35.4%4.8%
Call IV 25d51.8%46.2%64.4%64.4%52.6%
Put IV 25d61.9%55.2%79.3%79.3%61.1%
Bid-Ask Spread %47.7821.1775.4952.5550.32
Gamma HHI0.300.170.460.200.42
Net GEX830-134.6K191.7K-54.1K172.5K
Net DEX15.3M6.6M19.5M17.3M7.7M
Net VEX-57.6K-97.3K-35.8K-42.2K-94.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.900.093.010.590.12
Total Volume908.3795,429598171
Total OI20,376.0514,86026,13614,86026,136

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-05-01$26.21$25.0072.4%20.8%92.6%49.7%68.4%14.9%-11.9%-54.1K17.3M-42.2K0.5952.553752235,8938,967
2020-05-04$25.76$45.0069.2%17.4%92.5%46.0%61.9%13.7%-4.2%-62.5K17.2M-39.3K1.3646.211401916,0149,077
2020-05-05$25.35$45.0062.5%15.7%86.0%39.4%53.0%10.2%2.1%-61.3K16.9M-37.9K0.3875.49210796,0989,047
2020-05-06$25.04$45.0062.3%15.9%86.1%39.2%53.5%10.4%1.3%-57.3K17.0M-35.9K0.0946.08141136,2609,052
2020-05-07$25.64$40.0056.0%15.4%86.1%33.2%52.6%8.6%0.0%-54.8K17.3M-35.8K1.6959.601101866,3609,072
2020-05-08$27.27$40.0046.6%15.2%86.3%24.2%52.7%9.0%0.4%-79.7K16.7M-45.7K1.0652.872,6322,7976,4539,197
2020-05-11$25.86$35.0054.9%14.8%84.0%32.1%51.1%7.4%2.9%-80.3K18.0M-47.5K0.4463.423691628,36311,675
2020-05-12$24.87$35.0055.5%14.6%84.9%32.7%52.2%5.7%3.6%-134.6K18.7M-41.3K1.8436.35871608,65711,745
2020-05-13$23.21$35.0062.2%17.8%85.4%39.1%59.9%6.9%-2.9%-119.7K19.5M-39.2K3.0142.691083258,67311,953
2020-05-14$23.79$35.0059.3%17.0%84.7%36.3%59.3%12.0%3.2%-90.8K19.5M-44.1K0.4054.40186748,74712,197
2020-05-15$24.06$35.0055.6%15.9%74.7%32.8%56.6%11.0%4.9%-87.4K19.3M-45.0K2.4337.9523568,88012,194
2020-05-18$27.45$35.0059.0%16.9%88.8%36.1%53.4%9.4%-0.4%11.3K17.0M-54.8K0.5231.005262748,41811,606
2020-05-19$26.69$35.0060.0%17.2%88.9%37.0%59.0%14.0%-4.4%-21.3K17.1M-55.8K0.1256.833,4724278,51111,864
2020-05-20$27.38$35.0058.1%16.7%88.6%35.2%51.1%10.3%-0.4%107.9K14.4M-72.6K1.1641.069611111,59312,081
2020-05-21$26.99$35.0057.7%16.5%87.4%34.8%56.8%10.7%-5.4%93.7K15.4M-69.3K0.8741.96897711,63312,132
2020-05-22$26.87$35.0057.7%16.6%87.0%34.8%56.0%10.8%-4.0%69.2K14.8M-70.5K0.8621.1713011211,70312,158
2020-05-26$30.25$35.0054.2%15.5%96.2%31.5%53.1%8.3%-0.0%139.1K9.3M-88.3K0.2844.841,63346511,79812,235
2020-05-27$31.46$35.0058.1%16.7%96.4%35.2%53.6%12.7%1.1%135.1K6.6M-97.3K0.2952.601,21735112,58212,524
2020-05-28$31.19$35.0053.8%15.4%95.7%31.1%52.6%6.7%1.3%191.7K6.9M-95.5K0.5748.2323513313,20812,765
2020-05-29$30.90$35.0058.1%16.7%80.2%35.2%59.0%8.5%-0.0%172.5K7.7M-94.8K0.1250.321531813,24612,890