TXT Options History — March 2021

In March 2021, TXT traded between $50.00 and $56.19. ATM implied volatility averaged 36.3%, placing in the 10.4% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded below realized volatility by 1.0% (HV 20d: 37.3%). Max pain ranged from $45.00 to $55.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 22 of 23 days. Put/call ratio averaged 0.63.

Notable Days

  • 2021-03-19: Highest Volume — 1,091 contracts
  • 2021-03-29: Largest IV spike — 24.2% change
  • 2021-03-29: Highest IV Rank — 19.9%
  • 2021-03-29: Largest Expected Move — 12.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.47$50.00$56.19$51.64$56.19
Max Pain$51.52$45.00$55.00$45.00$55.00
ATM IV36.3%30.4%42.3%36.6%35.6%
Expected Move10.4%8.7%12.1%10.5%10.2%
HV 20d37.3%34.1%41.3%34.1%36.0%
HV 60d36.7%34.3%38.4%34.7%37.6%
IV Rank10.4%4.3%19.9%9.9%12.3%
IV Percentile9.3%0.4%42.9%4.4%6.0%
Term Structure3.1%-2.6%7.9%0.8%2.4%
VWIV35.3%28.0%42.0%33.2%33.7%
Skew 25d3.8%-5.1%10.4%5.0%2.5%
Skew 10d5.3%-7.6%13.9%5.7%-0.1%
Call IV 25d33.4%28.2%40.0%33.2%28.8%
Put IV 25d37.3%28.9%43.9%38.3%31.3%
Bid-Ask Spread %82.0965.17100.6184.1581.53
Gamma HHI0.390.210.750.290.31
Net GEX351.8K138.6K989.1K205.6K198.8K
Net DEX-10.1M-15.2M-6.1M-8.6M-11.3M
Net VEX-43.6K-48.2K-40.3K-40.3K-47.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.073.000.070.74
Total Volume318.304451,091212212
Total OI6,804.7835,3948,2776,4016,490

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-03-01$51.64$45.0036.6%10.5%34.1%9.9%33.2%5.0%0.8%205.6K-8.6M-40.3K0.0784.15199133,6262,775
2021-03-02$51.58$45.0038.4%11.0%34.1%11.7%36.7%5.4%0.4%225.3K-8.4M-41.0K0.5578.5829163,7242,792
2021-03-03$51.41$45.0037.1%10.6%34.1%10.4%34.4%4.3%7.9%224.1K-8.2M-40.4K0.0782.89225153,7212,785
2021-03-04$50.00$50.0039.1%11.1%36.0%12.4%38.2%2.3%3.2%153.8K-7.0M-42.0K0.4385.55183783,8962,796
2021-03-05$51.77$50.0037.2%10.8%37.5%10.5%36.6%8.0%3.5%276.4K-9.2M-42.8K1.9565.1744863,9942,870
2021-03-08$52.41$50.0040.0%11.0%37.1%13.3%37.7%3.3%2.9%295.2K-10.0M-41.9K0.2173.8997204,0072,943
2021-03-09$51.11$50.0038.8%11.3%36.9%12.1%34.8%8.0%0.8%254.0K-8.5M-42.2K0.3179.23165514,0682,956
2021-03-10$52.68$50.0036.1%10.3%38.2%9.3%36.2%5.2%2.5%387.3K-10.5M-41.3K0.0875.91165144,1942,987
2021-03-11$53.23$50.0035.5%10.2%38.2%8.8%36.9%3.2%2.0%388.8K-10.7M-41.8K0.3877.44144544,0702,990
2021-03-12$55.30$50.0035.4%10.1%39.3%8.6%35.5%4.0%2.9%466.0K-13.7M-40.6K0.3774.875512064,1563,038
2021-03-15$55.17$50.0036.0%10.3%39.4%9.3%36.7%3.0%2.0%577.9K-14.7M-44.4K0.1379.65497654,7043,238
2021-03-16$54.06$50.0033.4%9.6%40.2%6.7%33.4%3.2%5.2%596.6K-12.3M-45.5K0.2474.24184454,8073,280
2021-03-17$55.24$50.0032.8%9.4%40.6%6.1%32.3%1.7%5.1%854.8K-15.0M-44.1K0.2175.74424874,9323,317
2021-03-18$55.19$55.0036.1%10.4%38.3%9.4%37.0%5.8%3.6%989.1K-14.5M-45.9K0.1277.75625744,8733,404
2021-03-19$55.67$55.0033.9%9.7%37.5%7.1%34.7%4.3%4.1%926.7K-15.2M-42.9K0.4078.807813104,8043,457
2021-03-22$54.52$55.0033.9%9.7%38.6%8.5%34.1%5.7%3.7%159.8K-8.7M-43.3K1.1293.2681913,3642,030
2021-03-23$52.15$55.0038.4%11.0%41.3%13.9%39.8%2.2%0.8%140.3K-6.1M-44.2K1.3194.43831093,3922,087
2021-03-24$52.88$55.0036.3%10.4%40.2%11.4%33.4%3.3%2.2%149.1K-6.8M-43.9K0.8293.5957473,3942,099
2021-03-25$54.11$55.0030.4%8.7%35.2%4.3%32.7%3.2%5.7%145.0K-7.9M-44.9K3.0078.721223663,4292,195
2021-03-26$54.13$55.0034.0%9.8%35.2%9.3%33.3%10.4%7.7%138.6K-8.0M-46.4K0.3888.693821463,4932,426
2021-03-29$54.01$55.0042.3%12.1%35.0%19.9%42.0%-0.7%-2.6%158.7K-8.0M-48.2K0.24100.6168163,8642,561
2021-03-30$55.28$55.0037.4%10.7%35.8%14.8%28.0%-5.1%3.2%178.8K-9.6M-47.1K1.4193.4539553,9152,567
2021-03-31$56.19$55.0035.6%10.2%36.0%12.3%33.7%2.5%2.4%198.8K-11.3M-47.1K0.7481.53122903,9292,561