TXT Options History — February 2021

In February 2021, TXT traded between $45.26 and $53.52. ATM implied volatility averaged 37.4%, placing in the 12.7% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded below realized volatility by 5.8% (HV 20d: 43.2%). Max pain ranged from $45.00 to $45.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 0.54.

Notable Days

2021-02-03: Highest Volume — 911 contracts
2021-02-05: Largest IV drop — 13.9% change
2021-02-01: Highest IV Rank — 21.3%
2021-02-01: Largest Expected Move — 13.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$49.59	$45.26	$53.52	$45.26	$50.95
Max Pain	$45.00	$45.00	$45.00	$45.00	$45.00
ATM IV	37.4%	32.0%	45.3%	45.3%	39.4%
Expected Move	10.9%	10.0%	13.0%	13.0%	11.3%
HV 20d	43.2%	37.7%	46.1%	44.7%	37.7%
HV 60d	36.3%	33.4%	41.9%	41.9%	34.7%
IV Rank	12.7%	8.3%	21.3%	21.3%	12.7%
IV Percentile	11.8%	2.4%	43.3%	43.3%	17.9%
Term Structure	2.0%	-1.9%	4.5%	0.6%	1.9%
VWIV	38.3%	34.4%	45.6%	45.6%	36.4%
Skew 25d	4.4%	1.1%	6.9%	6.9%	6.9%
Skew 10d	8.0%	-1.0%	28.8%	4.3%	17.7%
Call IV 25d	36.5%	33.9%	44.1%	44.1%	35.4%
Put IV 25d	41.0%	38.0%	51.1%	51.1%	42.3%
Bid-Ask Spread %	72.04	46.77	79.96	73.03	78.47
Gamma HHI	0.46	0.27	0.69	0.44	0.27
Net GEX	374.6K	130.6K	773.9K	208.5K	160.7K
Net DEX	-8.3M	-12.9M	-4.0M	-4.0M	-7.6M
Net VEX	-44.0K	-47.6K	-41.1K	-42.7K	-42.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.54	0.01	5.46	0.11	0.18
Total Volume	304.684	59	911	243	264
Total OI	7,841.474	6,015	8,963	7,513	6,352

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
2021-02-01	$45.26	$45.00	45.3%	13.0%	44.7%	21.3%	45.6%	6.9%	0.6%	208.5K	-4.0M	-42.7K	0.11	73.03	219	24	5,344	2,169
2021-02-02	$46.00	$45.00	40.7%	11.7%	43.3%	16.8%	40.8%	3.3%	1.2%	236.1K	-4.5M	-41.5K	0.77	78.05	56	43	5,343	2,170
2021-02-03	$46.33	$45.00	38.3%	11.0%	43.2%	14.5%	37.5%	4.4%	1.5%	244.7K	-4.7M	-41.1K	5.46	76.80	141	770	5,379	2,181
2021-02-04	$47.10	$45.00	37.1%	11.3%	43.5%	13.3%	40.4%	4.4%	1.9%	204.7K	-4.4M	-46.1K	0.46	48.75	71	33	5,427	2,924
2021-02-05	$48.10	$45.00	32.0%	10.0%	43.2%	8.3%	36.2%	5.3%	4.5%	292.0K	-5.8M	-45.9K	0.55	75.39	49	27	5,455	2,922
2021-02-08	$49.67	$45.00	33.8%	10.6%	44.6%	10.1%	35.8%	4.7%	3.5%	435.4K	-8.5M	-46.3K	0.11	73.33	370	40	5,473	2,908
2021-02-09	$49.41	$45.00	33.1%	10.4%	44.5%	9.4%	35.2%	4.3%	4.2%	434.1K	-8.6M	-46.6K	0.10	46.77	329	32	5,645	2,916
2021-02-10	$49.16	$45.00	36.9%	10.6%	43.6%	13.1%	35.9%	5.8%	3.6%	423.5K	-8.0M	-46.2K	0.69	66.18	75	52	5,644	2,923
2021-02-11	$50.45	$45.00	37.1%	10.6%	44.0%	13.2%	37.2%	3.9%	3.3%	536.1K	-10.5M	-45.9K	0.18	67.31	619	112	5,685	2,951
2021-02-12	$50.75	$45.00	37.1%	10.6%	42.9%	13.3%	36.6%	4.9%	2.7%	574.2K	-11.9M	-47.6K	0.01	76.55	115	1	5,963	3,000
2021-02-16	$51.33	$45.00	38.3%	11.0%	41.8%	14.5%	34.4%	6.0%	1.5%	637.2K	-12.9M	-44.3K	0.19	79.71	150	29	5,924	2,998
2021-02-17	$50.90	$45.00	38.3%	11.0%	41.9%	14.1%	45.6%	5.5%	2.3%	631.1K	-12.4M	-44.6K	0.44	74.41	41	18	5,880	3,019
2021-02-18	$49.30	$45.00	36.8%	10.6%	43.5%	12.4%	41.0%	1.1%	2.7%	676.6K	-7.9M	-44.1K	0.06	71.23	119	7	5,870	3,017
2021-02-19	$50.65	$45.00	36.6%	10.5%	44.4%	12.2%	37.7%	3.7%	0.7%	773.9K	-12.5M	-43.4K	0.13	76.72	581	74	5,794	3,024
2021-02-22	$50.68	$45.00	36.8%	10.5%	44.2%	10.0%	37.1%	3.2%	0.9%	130.6K	-7.7M	-41.9K	0.13	72.99	386	51	3,355	2,660
2021-02-23	$51.98	$45.00	38.4%	11.0%	45.1%	11.7%	38.4%	3.4%	-1.1%	153.9K	-8.5M	-41.4K	0.20	79.96	283	57	3,369	2,677
2021-02-24	$53.52	$45.00	35.5%	10.2%	46.1%	8.8%	37.0%	3.2%	-1.9%	211.2K	-10.3M	-41.7K	0.20	77.85	266	54	3,513	2,726
2021-02-25	$50.61	$45.00	39.0%	11.2%	38.6%	12.3%	38.6%	3.4%	3.4%	152.9K	-7.7M	-43.2K	0.20	75.27	192	39	3,645	2,743
2021-02-26	$50.95	$45.00	39.4%	11.3%	37.7%	12.7%	36.4%	6.9%	1.9%	160.7K	-7.6M	-42.3K	0.18	78.47	223	41	3,590	2,762