TXT Options History — September 2020

In September 2020, TXT traded between $34.73 and $40.64. ATM implied volatility averaged 43.0%, placing in the 20.7% IV rank vs the trailing year. The 30-day expected move averaged 12.5%. IV traded above realized volatility by 9.9% (HV 20d: 33.1%). Max pain ranged from $30.00 to $40.00. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.68.

Notable Days

  • 2020-09-09: Highest Volume — 1,677 contracts
  • 2020-09-28: Largest IV spike — 24.0% change
  • 2020-09-24: Highest IV Rank — 27.2%
  • 2020-09-24: Largest Expected Move — 14.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.77$34.73$40.64$39.35$35.99
Max Pain$39.29$30.00$40.00$30.00$40.00
ATM IV43.0%37.9%49.8%37.9%46.1%
Expected Move12.5%10.9%14.3%10.9%13.2%
HV 20d33.1%28.5%38.6%28.5%38.6%
HV 60d36.8%34.2%46.7%46.7%34.2%
IV Rank20.7%15.8%27.2%15.8%23.7%
IV Percentile50.3%42.1%57.1%46.0%52.8%
Term Structure3.7%-0.1%10.2%3.3%4.2%
VWIV43.7%37.2%49.2%37.2%46.1%
Skew 25d6.0%-1.1%13.2%4.3%-0.6%
Skew 10d10.9%-6.5%23.4%6.0%-5.3%
Call IV 25d40.4%26.9%46.4%39.0%42.2%
Put IV 25d46.4%36.8%54.2%43.3%41.5%
Bid-Ask Spread %78.2534.20107.8934.2094.26
Gamma HHI0.580.260.970.620.35
Net GEX1.5M-67.6K5.3M2.0M-67.6K
Net DEX-10.9M-35.1M6.0M-25.3M4.8M
Net VEX-71.7K-108.3K-50.5K-100.9K-55.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.033.710.663.71
Total Volume430.238801,677242193
Total OI23,148.819,06932,57830,47510,011

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-09-01$39.35$30.0037.9%10.9%28.5%15.8%37.2%4.3%3.3%2.0M-25.3M-100.9K0.6634.201469624,2486,227
2020-09-02$40.64$35.0039.8%11.4%29.9%17.6%40.2%3.2%10.1%2.3M-35.1M-108.3K0.0756.184863324,2696,293
2020-09-03$38.90$40.0039.7%13.0%34.2%17.5%45.7%6.6%3.7%1.8M-22.2M-96.0K0.7676.0727220624,3016,297
2020-09-04$39.08$40.0039.5%12.7%34.1%17.4%44.6%1.2%3.3%1.9M-23.2M-96.3K0.4481.87803524,3166,424
2020-09-08$38.43$40.0047.2%13.6%32.3%24.7%49.2%9.9%0.8%1.7M-18.6M-86.3K0.2274.212365224,3356,419
2020-09-09$38.80$40.0044.5%12.8%32.5%22.2%45.9%7.5%3.2%2.0M-19.4M-82.2K0.0365.981,6364124,3146,435
2020-09-10$38.66$40.0042.5%12.2%31.9%20.2%45.7%12.3%2.1%2.3M-19.8M-82.1K0.4362.311837825,5586,476
2020-09-11$38.67$40.0042.2%12.1%30.8%19.9%43.0%7.0%3.3%2.6M-17.5M-77.3K0.9971.53767525,6786,504
2020-09-14$39.30$40.0041.0%11.8%30.1%18.8%41.9%7.2%4.9%3.3M-22.3M-75.4K0.3176.141404425,6976,531
2020-09-15$39.09$40.0038.4%11.0%30.0%16.3%38.3%13.2%4.1%3.6M-17.3M-68.6K0.3986.612479625,6986,564
2020-09-16$39.66$40.0043.3%12.4%29.2%20.9%43.6%7.0%-0.1%5.3M-24.1M-71.4K0.8483.2154746125,7386,601
2020-09-17$39.09$40.0039.7%11.4%29.6%17.5%39.5%7.6%3.1%3.6M-16.1M-68.3K0.0485.851,3005825,6166,962
2020-09-18$37.68$40.0042.1%12.1%32.5%19.9%42.3%0.6%3.1%-45.4K-6.7M-59.8K0.5479.9423112525,2246,956
2020-09-21$35.62$40.0043.8%12.6%38.2%21.5%43.2%9.9%4.6%-54.7K4.9M-53.5K0.4967.473201564,4474,622
2020-09-22$35.67$40.0046.3%13.3%34.2%23.8%45.3%-1.1%2.8%-57.2K5.2M-52.5K0.6892.9460414,5754,706
2020-09-23$34.99$40.0044.2%12.7%34.5%21.9%44.0%6.3%4.1%-56.4K5.5M-51.0K0.9875.181251234,6004,724
2020-09-24$34.73$40.0049.8%14.3%34.3%27.2%49.2%7.3%0.7%-63.3K6.0M-50.5K0.9390.0184784,6614,815
2020-09-25$35.27$40.0039.2%11.2%34.3%17.1%40.9%9.9%10.2%-56.6K5.3M-52.6K0.31107.8961194,7564,854
2020-09-28$36.84$40.0048.6%13.9%38.1%26.1%45.9%5.7%2.5%-32.3K3.4M-59.1K0.6886.981891284,8704,863
2020-09-29$36.79$40.0046.7%13.4%38.0%24.3%45.2%1.8%4.8%-25.6K3.7M-58.0K0.8594.392582205,0154,925
2020-09-30$35.99$40.0046.1%13.2%38.6%23.7%46.1%-0.6%4.2%-67.6K4.8M-55.5K3.7194.26411524,9525,059