TXT Options History — January 2021

In January 2021, TXT traded between $45.31 and $50.30. ATM implied volatility averaged 42.7%, placing in the 19.1% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded above realized volatility by 13.1% (HV 20d: 29.5%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 0.38.

Notable Days

2021-01-26: Highest Volume — 3,149 contracts
2021-01-11: Largest IV spike — 24.9% change
2021-01-27: Highest IV Rank — 25.1%
2021-01-27: Largest Expected Move — 14.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$48.47	$45.31	$50.30	$46.55	$45.31
Max Pain	$47.63	$45.00	$50.00	$50.00	$45.00
ATM IV	42.7%	35.1%	49.1%	44.0%	47.3%
Expected Move	12.3%	11.3%	14.1%	12.7%	13.6%
HV 20d	29.5%	23.4%	44.7%	23.4%	44.7%
HV 60d	42.1%	40.5%	43.8%	41.9%	43.2%
IV Rank	19.1%	12.4%	25.1%	21.1%	23.3%
IV Percentile	36.4%	11.9%	53.2%	43.3%	49.2%
Term Structure	-1.3%	-3.5%	0.3%	-2.2%	-1.3%
VWIV	43.2%	40.3%	47.3%	43.3%	46.5%
Skew 25d	4.5%	3.0%	7.7%	5.6%	5.8%
Skew 10d	8.8%	4.1%	18.8%	10.2%	5.7%
Call IV 25d	41.4%	38.9%	45.6%	40.6%	45.6%
Put IV 25d	45.9%	43.1%	53.1%	46.2%	51.4%
Bid-Ask Spread %	61.28	13.61	71.60	60.62	71.60
Gamma HHI	0.44	0.29	0.79	0.37	0.43
Net GEX	266.4K	125.1K	704.3K	197.4K	208.8K
Net DEX	-9.6M	-15.8M	-4.1M	-8.7M	-4.1M
Net VEX	-39.5K	-46.8K	-36.3K	-37.3K	-43.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.38	0.05	1.43	1.11	0.45
Total Volume	590.421	73	3,149	312	208
Total OI	7,737.368	4,823	9,907	8,815	7,489

Daily Data (19 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
2021-01-04	$46.55	$50.00	44.0%	12.7%	23.4%	21.1%	43.3%	5.6%	-2.2%	197.4K	-8.7M	-37.3K	1.11	60.62	148	164	5,119	3,696
2021-01-05	$47.11	$45.00	43.7%	12.3%	23.6%	20.7%	43.3%	6.3%	-0.4%	218.6K	-9.6M	-37.9K	0.34	67.45	59	20	5,128	3,790
2021-01-06	$47.44	$45.00	43.4%	12.3%	23.8%	20.4%	41.8%	4.9%	-0.7%	235.2K	-10.1M	-36.9K	1.43	68.95	61	87	5,142	3,796
2021-01-07	$48.65	$45.00	35.9%	11.5%	25.3%	13.2%	41.7%	4.7%	-0.7%	301.2K	-12.0M	-36.3K	0.16	63.94	599	97	5,160	3,790
2021-01-08	$48.17	$50.00	35.1%	11.3%	25.6%	12.4%	40.7%	4.3%	-0.2%	306.3K	-11.7M	-39.4K	0.31	61.73	399	123	5,498	3,869
2021-01-11	$48.64	$45.00	43.9%	12.3%	25.8%	20.9%	44.6%	4.5%	-2.4%	338.9K	-12.7M	-38.2K	0.13	66.25	448	57	5,544	3,872
2021-01-12	$49.90	$45.00	40.6%	11.9%	27.1%	16.8%	41.1%	3.6%	-1.1%	439.7K	-15.0M	-38.6K	0.28	62.02	547	155	5,608	3,909
2021-01-13	$48.93	$45.00	41.1%	11.8%	27.5%	17.2%	42.5%	4.1%	-1.3%	461.0K	-13.4M	-39.2K	0.16	61.85	279	44	5,784	4,027
2021-01-14	$50.30	$45.00	40.5%	11.6%	28.3%	16.6%	40.6%	3.0%	-0.8%	704.3K	-15.8M	-37.8K	0.14	62.28	477	68	5,719	4,050
2021-01-15	$48.96	$45.00	41.1%	11.8%	29.1%	17.2%	42.5%	3.4%	-1.1%	125.1K	-12.3M	-38.3K	0.42	64.80	187	78	5,810	4,097
2021-01-19	$49.45	$50.00	41.1%	11.8%	29.3%	17.2%	41.7%	3.6%	-1.2%	128.8K	-7.0M	-38.3K	0.33	54.05	140	46	2,962	1,861
2021-01-20	$49.62	$50.00	41.1%	11.8%	29.2%	17.2%	40.3%	3.7%	-0.9%	140.1K	-7.3M	-38.4K	0.87	65.05	39	34	3,063	1,890
2021-01-21	$49.19	$50.00	42.4%	12.2%	29.5%	18.5%	42.6%	3.3%	-2.6%	165.6K	-7.4M	-39.0K	0.22	67.04	311	69	3,229	1,896
2021-01-22	$49.78	$50.00	41.9%	12.0%	29.6%	18.0%	43.1%	4.5%	-0.9%	162.2K	-7.6M	-39.4K	0.05	59.23	575	27	3,190	1,921
2021-01-25	$49.90	$50.00	45.3%	13.0%	27.3%	21.3%	45.7%	3.5%	-2.7%	197.8K	-8.1M	-40.2K	0.06	60.19	704	45	3,668	1,928
2021-01-26	$50.07	$50.00	46.9%	13.4%	26.9%	22.9%	45.9%	5.1%	-3.5%	197.0K	-8.1M	-41.9K	0.07	13.61	2,937	212	3,741	1,956
2021-01-27	$45.87	$50.00	49.1%	14.1%	41.7%	25.1%	47.3%	7.7%	-1.9%	236.7K	-5.1M	-43.7K	0.20	68.31	1,229	251	5,331	2,030
2021-01-28	$47.14	$50.00	46.2%	13.2%	43.0%	22.2%	44.9%	4.6%	0.3%	296.9K	-6.4M	-46.8K	0.42	65.43	207	87	5,320	2,127
2021-01-29	$45.31	$45.00	47.3%	13.6%	44.7%	23.3%	46.5%	5.8%	-1.3%	208.8K	-4.1M	-43.9K	0.45	71.60	143	65	5,342	2,147