TXT Options History — December 2020

In December 2020, TXT traded between $45.74 and $48.53. ATM implied volatility averaged 39.8%, placing in the 17.5% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded above realized volatility by 4.6% (HV 20d: 35.2%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 1.01.

Notable Days

  • 2020-12-11: Highest Volume — 542 contracts
  • 2020-12-23: Largest IV drop — 10.0% change
  • 2020-12-02: Highest IV Rank — 20.2%
  • 2020-12-02: Largest Expected Move — 12.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.52$45.74$48.53$45.74$48.30
Max Pain$41.36$40.00$45.00$45.00$45.00
ATM IV39.8%36.4%42.5%41.5%37.0%
Expected Move11.4%10.4%12.2%11.9%10.6%
HV 20d35.2%20.9%55.8%55.8%20.9%
HV 60d43.6%41.1%45.4%45.3%41.1%
IV Rank17.5%14.2%20.2%19.3%14.7%
IV Percentile29.0%15.9%40.5%36.9%16.7%
Term Structure1.4%-2.9%4.5%-0.1%2.8%
VWIV39.9%37.4%43.1%41.5%37.4%
Skew 25d3.6%0.8%6.4%1.9%2.7%
Skew 10d6.2%-6.5%15.1%7.0%-1.4%
Call IV 25d38.7%37.0%41.1%40.9%37.7%
Put IV 25d42.3%39.4%44.9%42.9%40.5%
Bid-Ask Spread %86.2173.1493.9693.6488.47
Gamma HHI0.370.300.440.360.43
Net GEX131.5K-147.8K254.7K-67.0K254.0K
Net DEX-10.7M-12.8M-6.5M-6.5M-11.3M
Net VEX-46.3K-60.0K-38.4K-60.0K-38.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.010.036.240.880.15
Total Volume182.1823154219231
Total OI11,519.8648,24213,80113,7328,801

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-12-01$45.74$45.0041.5%11.9%55.8%19.3%41.5%1.9%-0.1%-67.0K-6.5M-60.0K0.8893.64102906,5787,154
2020-12-02$46.42$45.0042.5%12.2%53.5%20.2%41.1%3.1%-2.9%-23.7K-7.9M-58.9K0.0793.967456,5707,189
2020-12-03$47.55$45.0040.2%11.3%51.4%18.0%41.3%4.2%0.8%120.9K-11.3M-58.0K0.0490.96487206,6167,185
2020-12-04$47.91$45.0039.2%11.2%51.4%17.1%40.0%3.1%1.2%76.2K-11.8M-55.1K6.2473.20251566,2017,188
2020-12-07$47.74$40.0042.3%11.5%51.7%20.1%43.1%3.4%0.5%73.0K-11.8M-52.1K6.2186.58241496,2117,054
2020-12-08$48.08$40.0040.5%11.3%41.6%18.3%40.0%4.0%0.8%125.5K-12.8M-50.3K0.1576.48185286,2207,054
2020-12-09$48.15$40.0038.9%11.1%41.2%16.7%41.7%6.4%1.3%130.3K-12.8M-49.5K0.7486.5291676,1617,049
2020-12-10$47.93$40.0039.4%11.3%37.0%17.2%40.0%4.1%0.3%115.9K-11.5M-48.7K0.1686.665595,9916,993
2020-12-11$47.65$40.0041.1%11.8%36.7%18.9%39.4%3.8%0.3%101.9K-11.3M-48.0K0.0386.64527156,0047,002
2020-12-14$46.94$40.0041.8%12.0%33.5%19.6%39.7%5.4%1.1%-147.8K-9.2M-45.7K0.5288.2561325,9017,011
2020-12-15$47.86$40.0039.5%11.3%30.9%17.3%39.9%6.0%1.8%141.1K-11.5M-44.7K0.1489.63177245,8977,040
2020-12-16$46.89$40.0041.2%11.8%31.9%19.0%40.6%3.1%1.7%25.0K-10.5M-42.5K0.1688.73260425,8037,064
2020-12-17$47.09$40.0040.6%11.6%31.3%18.2%39.6%3.9%1.6%142.1K-10.9M-42.3K0.3089.70104315,9007,038
2020-12-18$47.11$40.0040.6%11.6%30.2%18.2%38.5%4.1%1.0%202.8K-10.9M-41.9K0.2190.54148315,9297,059
2020-12-21$46.99$40.0041.5%11.9%29.7%19.1%40.7%3.5%2.6%201.7K-9.4M-41.6K0.6086.05149894,8093,433
2020-12-22$46.93$40.0040.9%11.7%26.7%18.6%39.3%4.1%1.3%190.2K-9.0M-42.3K0.1283.297594,8893,501
2020-12-23$48.53$40.0036.9%10.6%25.9%14.6%39.0%3.2%3.3%245.3K-11.6M-40.8K0.1588.90185284,9173,506
2020-12-24$47.99$40.0036.4%10.4%25.1%14.2%39.5%2.4%4.5%242.7K-10.9M-40.8K0.6392.3332205,0313,525
2020-12-28$47.72$40.0037.8%10.8%25.0%15.5%39.6%2.7%2.4%242.8K-10.5M-39.2K0.2689.27105275,0603,536
2020-12-29$47.60$40.0038.3%11.0%20.9%16.0%39.3%0.8%1.7%245.9K-10.4M-38.9K4.0073.14291165,0893,533
2020-12-30$48.38$45.0037.3%10.7%21.3%15.1%37.6%3.5%3.3%254.7K-11.5M-38.4K0.5773.6260345,0933,652
2020-12-31$48.30$45.0037.0%10.6%20.9%14.7%37.4%2.7%2.8%254.0K-11.3M-38.6K0.1588.472745,1073,694