TXT Options History — July 2020

In July 2020, TXT traded between $30.09 and $35.10. ATM implied volatility averaged 56.0%, placing in the 33.2% IV rank vs the trailing year. The 30-day expected move averaged 16.2%. IV traded above realized volatility by 5.7% (HV 20d: 50.3%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 13 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.64.

Notable Days

2020-07-13: Highest Volume — 991 contracts
2020-07-02: Largest IV drop — 10.4% change
2020-07-13: Highest IV Rank — 38.8%
2020-07-13: Largest Expected Move — 18.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$33.23	$30.09	$35.10	$32.17	$35.06
Max Pain	$30.68	$30.00	$35.00	$30.00	$30.00
ATM IV	56.0%	46.2%	61.8%	58.0%	46.2%
Expected Move	16.2%	13.3%	18.1%	16.6%	13.3%
HV 20d	50.3%	39.9%	72.0%	72.0%	39.9%
HV 60d	75.4%	68.0%	81.0%	81.0%	68.0%
IV Rank	33.2%	23.8%	38.8%	35.1%	23.8%
IV Percentile	68.6%	57.1%	79.0%	72.2%	57.1%
Term Structure	-1.9%	-4.6%	7.5%	4.3%	1.1%
VWIV	56.5%	46.0%	61.0%	59.0%	46.0%
Skew 25d	6.0%	0.7%	10.6%	1.3%	3.4%
Skew 10d	11.7%	-12.3%	24.1%	-11.0%	6.1%
Call IV 25d	54.6%	45.6%	59.5%	57.7%	45.6%
Put IV 25d	60.6%	49.0%	66.4%	59.0%	49.0%
Bid-Ask Spread %	61.85	40.57	94.85	94.85	82.30
Gamma HHI	0.37	0.27	0.51	0.35	0.38
Net GEX	50.6K	-236.2K	204.9K	-72.3K	201.3K
Net DEX	136.4K	-3.0M	6.8M	2.4M	-2.4M
Net VEX	-81.8K	-88.5K	-75.1K	-88.1K	-78.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.64	0.04	1.58	1.03	0.06
Total Volume	353.636	69	991	71	905
Total OI	17,858.545	14,688	20,832	19,509	15,589

Daily Data (22 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
2020-07-01	$32.17	$30.00	58.0%	16.6%	72.0%	35.1%	59.0%	1.3%	4.3%	-72.3K	2.4M	-88.1K	1.03	94.85	35	36	11,132	8,377
2020-07-02	$32.48	$30.00	51.9%	14.9%	69.1%	29.3%	52.3%	0.7%	7.5%	-72.9K	2.0M	-87.8K	0.54	85.62	142	76	11,137	8,380
2020-07-06	$33.27	$35.00	55.4%	16.3%	66.0%	32.6%	58.7%	8.6%	-2.2%	-7.2K	436.3K	-88.5K	0.81	48.14	516	418	11,204	8,369
2020-07-07	$31.56	$35.00	60.4%	17.5%	65.1%	37.4%	56.8%	8.2%	0.8%	-128.0K	3.7M	-82.1K	0.75	57.60	102	76	11,234	8,378
2020-07-08	$31.71	$35.00	58.0%	17.5%	64.3%	35.1%	57.4%	9.4%	-3.5%	-154.4K	3.4M	-81.6K	0.77	54.47	99	76	11,281	8,364
2020-07-09	$30.09	$30.00	60.5%	16.8%	60.4%	37.5%	57.6%	10.6%	-0.4%	-236.2K	6.8M	-75.1K	0.63	49.39	115	73	11,299	8,386
2020-07-10	$30.94	$30.00	58.9%	17.3%	48.6%	36.0%	60.8%	6.2%	-1.0%	-235.7K	4.9M	-77.5K	1.58	59.20	104	164	11,345	8,414
2020-07-13	$32.22	$30.00	61.8%	18.1%	45.5%	38.8%	60.8%	6.9%	-3.4%	-118.7K	1.9M	-80.2K	0.05	57.08	946	45	11,387	8,463
2020-07-14	$32.52	$30.00	55.9%	16.7%	45.5%	33.1%	60.2%	6.6%	-3.1%	-52.2K	920.2K	-82.3K	1.22	54.91	54	66	12,202	8,477
2020-07-15	$33.84	$30.00	59.1%	17.0%	46.2%	36.2%	61.0%	6.6%	-3.7%	81.5K	-2.1M	-85.9K	0.75	46.03	508	383	12,220	8,561
2020-07-16	$33.51	$30.00	58.8%	16.9%	46.3%	35.9%	59.4%	8.3%	-3.5%	159.6K	-1.7M	-84.4K	0.04	49.23	85	3	12,259	8,573
2020-07-17	$33.51	$30.00	56.5%	16.2%	46.1%	33.7%	55.8%	6.3%	-3.1%	142.4K	-1.1M	-81.2K	0.32	57.86	68	22	12,244	8,572
2020-07-20	$33.02	$30.00	54.5%	15.6%	46.3%	31.7%	54.9%	8.1%	-2.9%	146.7K	-3.2K	-76.6K	0.38	61.86	210	80	8,890	5,798
2020-07-21	$33.88	$30.00	54.5%	15.6%	47.1%	31.8%	55.6%	3.0%	-3.0%	162.4K	-1.4M	-81.2K	1.44	69.69	205	296	9,026	5,870
2020-07-22	$34.39	$30.00	54.8%	15.7%	47.4%	32.0%	55.0%	4.6%	-3.1%	171.2K	-2.1M	-84.7K	0.62	76.86	97	60	9,150	6,005
2020-07-23	$34.66	$30.00	54.8%	15.7%	44.1%	32.0%	54.8%	4.9%	-4.2%	188.6K	-2.6M	-82.7K	0.20	47.97	163	32	9,196	6,006
2020-07-24	$34.44	$30.00	55.8%	16.0%	44.2%	33.0%	57.7%	7.3%	-4.6%	180.7K	-2.2M	-83.2K	0.51	56.85	253	128	9,218	6,033
2020-07-27	$34.20	$30.00	56.7%	16.3%	42.7%	33.9%	58.3%	6.6%	-4.6%	177.0K	-1.7M	-80.7K	0.86	56.31	37	32	9,243	6,138
2020-07-28	$34.22	$30.00	55.5%	15.9%	40.5%	32.7%	56.2%	4.3%	-3.9%	191.6K	-1.7M	-79.2K	0.53	40.57	98	52	9,253	6,154
2020-07-29	$34.18	$30.00	54.8%	15.7%	40.5%	32.0%	56.2%	4.3%	-3.0%	182.2K	-1.4M	-78.6K	0.55	77.23	256	141	9,273	6,199
2020-07-30	$35.10	$30.00	49.5%	14.2%	39.9%	26.9%	49.6%	5.9%	-2.2%	204.9K	-3.0M	-80.2K	0.46	76.76	359	164	9,265	6,324
2020-07-31	$35.06	$30.00	46.2%	13.3%	39.9%	23.8%	46.0%	3.4%	1.1%	201.3K	-2.4M	-78.2K	0.06	82.30	851	54	9,240	6,349