TXT Options History — November 2020

In November 2020, TXT traded between $37.50 and $48.32. ATM implied volatility averaged 40.7%, placing in the 18.5% IV rank vs the trailing year. The 30-day expected move averaged 11.8%. IV traded below realized volatility by 13.8% (HV 20d: 54.4%). Max pain ranged from $35.00 to $45.00. Net GEX was positive for 15 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 2.42.

Notable Days

  • 2020-11-09: Highest Volume — 2,369 contracts
  • 2020-11-10: Largest IV spike — 22.9% change
  • 2020-11-02: Highest IV Rank — 29.9%
  • 2020-11-02: Largest Expected Move — 15.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.44$37.50$48.32$37.50$45.27
Max Pain$43.50$35.00$45.00$35.00$45.00
ATM IV40.7%33.6%52.5%52.5%41.1%
Expected Move11.8%10.5%15.1%15.1%11.8%
HV 20d54.4%40.4%60.6%40.4%58.1%
HV 60d42.7%36.8%45.9%36.8%45.3%
IV Rank18.5%11.7%29.9%29.9%18.9%
IV Percentile35.6%24.6%58.7%58.7%36.1%
Term Structure-1.3%-6.6%0.9%-3.2%-0.5%
VWIV41.6%36.8%51.9%51.9%41.3%
Skew 25d5.5%0.8%13.6%4.4%0.9%
Skew 10d11.1%-1.4%25.2%11.0%2.7%
Call IV 25d38.3%27.8%49.1%49.1%43.5%
Put IV 25d43.8%38.1%54.5%53.5%44.4%
Bid-Ask Spread %78.6865.8095.6770.1791.17
Gamma HHI0.380.270.530.330.34
Net GEX151.0K-86.1K357.8K-86.1K-38.2K
Net DEX-9.9M-20.0M2.8M2.8M-6.0M
Net VEX-59.0K-64.4K-50.5K-50.5K-59.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.420.0229.730.346.06
Total Volume695.25512,369207346
Total OI14,627.5511,28617,45011,28613,453

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-11-02$37.50$35.0052.5%15.1%40.4%29.9%51.9%4.4%-3.2%-86.1K2.8M-50.5K0.3470.17155525,2026,084
2020-11-03$39.56$35.0047.1%13.5%43.7%24.7%51.1%8.9%-3.7%-41.0K-130.1K-52.7K0.5666.158604795,2026,084
2020-11-04$38.25$35.0043.4%12.4%45.5%21.1%45.1%6.0%-4.3%-45.3K1.3M-51.9K3.9966.721375465,6186,494
2020-11-05$38.68$45.0039.9%11.2%45.4%17.7%41.3%5.4%-0.0%-64.0K721.5K-53.3K0.0277.381,933355,6046,907
2020-11-06$39.10$45.0036.4%10.7%45.5%14.4%38.7%6.2%0.9%270.1K-2.6M-57.2K0.0478.158037,3136,914
2020-11-09$42.86$45.0033.6%13.1%55.3%11.7%43.8%4.2%-6.6%178.2K-12.5M-59.5K0.0595.672,2491207,3046,906
2020-11-10$43.82$45.0041.3%10.8%54.3%19.1%38.0%12.6%0.0%289.2K-14.1M-60.3K0.1480.66353498,7226,967
2020-11-11$41.88$45.0041.7%12.0%57.6%19.5%41.7%4.5%-2.2%357.8K-10.4M-60.3K3.9665.802931,1618,8386,949
2020-11-12$41.43$45.0041.6%11.9%58.0%19.3%41.8%7.9%-0.7%256.1K-7.0M-64.4K0.6886.3581558,9187,929
2020-11-13$43.60$45.0039.5%11.3%60.0%17.4%43.6%13.6%-1.1%176.9K-12.8M-64.0K0.1167.30246278,9407,936
2020-11-16$45.50$45.0038.7%11.1%59.7%16.5%39.3%3.1%0.7%144.8K-18.2M-60.3K0.0366.12367129,0317,944
2020-11-17$45.56$45.0040.2%11.5%59.4%18.0%40.3%3.5%0.3%141.9K-18.2M-61.8K0.0279.31535129,1797,947
2020-11-18$46.43$45.0042.0%12.0%58.5%19.7%39.6%5.5%-1.3%231.6K-20.0M-64.0K0.2474.294511109,2997,944
2020-11-19$45.44$45.0039.5%11.3%59.8%17.3%40.8%4.0%-0.9%164.2K-17.6M-62.7K0.4284.4636159,4927,958
2020-11-20$44.83$45.0039.2%11.2%60.6%17.0%39.5%5.9%-0.7%175.3K-15.9M-60.7K0.6591.1377509,4827,958
2020-11-23$46.52$45.0038.5%11.0%57.9%16.4%36.8%4.6%-0.3%207.9K-10.2M-59.9K0.3081.99109336,6856,212
2020-11-24$48.32$45.0036.6%10.5%56.6%14.6%38.8%0.8%0.2%346.6K-14.5M-58.1K0.5978.303562106,6936,210
2020-11-25$47.32$45.0040.4%11.6%56.6%18.2%41.2%2.3%-1.5%241.4K-11.9M-58.8K29.7382.56712,1116,5206,304
2020-11-27$46.94$45.0039.8%11.4%55.8%17.6%37.3%5.8%-0.5%112.9K-10.1M-60.2K0.4589.9262286,5486,861
2020-11-30$45.27$45.0041.1%11.8%58.1%18.9%41.3%0.9%-0.5%-38.2K-6.0M-59.7K6.0691.17492976,5796,874