TXT Options History — February 2023

In February 2023, TXT traded between $72.47 and $75.41. ATM implied volatility averaged 24.7%, placing in the 22.7% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 0.7% (HV 20d: 24.0%). Max pain ranged from $70.00 to $70.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 0.79.

Notable Days

2023-02-16: Highest Volume — 1,291 contracts
2023-02-06: Largest IV spike — 8.9% change
2023-02-06: Highest IV Rank — 28.2%
2023-02-28: Largest Expected Move — 7.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$74.14	$72.47	$75.41	$74.60	$72.47
Max Pain	$70.00	$70.00	$70.00	$70.00	$70.00
ATM IV	24.7%	23.2%	26.7%	24.3%	26.6%
Expected Move	7.1%	6.7%	7.6%	7.0%	7.6%
HV 20d	24.0%	18.3%	28.0%	27.3%	18.3%
HV 60d	24.0%	23.0%	25.6%	25.6%	23.0%
IV Rank	22.7%	18.5%	28.2%	21.5%	27.9%
IV Percentile	2.6%	0.4%	11.5%	0.8%	11.5%
Term Structure	1.3%	-0.3%	2.1%	-0.2%	0.0%
VWIV	24.9%	22.2%	26.8%	24.9%	24.5%
Skew 25d	4.7%	1.7%	10.5%	10.5%	1.7%
Skew 10d	8.6%	-5.3%	20.5%	20.5%	-5.3%
Call IV 25d	23.0%	17.7%	24.5%	17.7%	24.3%
Put IV 25d	27.6%	26.0%	28.8%	28.2%	26.0%
Bid-Ask Spread %	37.70	16.47	67.00	67.00	17.69
Gamma HHI	0.49	0.30	0.81	0.47	0.30
Net GEX	2.8M	713.1K	11.4M	2.4M	713.1K
Net DEX	-25.3M	-37.5M	-9.5M	-32.4M	-9.5M
Net VEX	-159.3K	-175.0K	-149.4K	-175.0K	-149.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.79	0.13	2.56	2.28	2.56
Total Volume	424.632	93	1,291	351	729
Total OI	19,072.789	16,756	20,993	19,672	17,993

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
2023-02-01	$74.60	$70.00	24.3%	7.0%	27.3%	21.5%	24.9%	10.5%	-0.2%	2.4M	-32.4M	-175.0K	2.28	67.00	107	244	11,018	8,654
2023-02-02	$75.41	$70.00	26.0%	7.2%	27.4%	26.3%	23.3%	4.9%	1.4%	2.4M	-37.5M	-170.1K	0.15	40.54	726	112	10,908	8,578
2023-02-03	$74.31	$70.00	24.5%	7.2%	28.0%	22.0%	24.8%	4.7%	1.8%	2.4M	-30.6M	-166.8K	0.20	61.67	231	47	10,532	8,622
2023-02-06	$74.17	$70.00	26.7%	7.2%	26.8%	28.2%	24.9%	4.5%	1.3%	2.4M	-29.3M	-162.5K	0.83	51.79	107	89	10,674	8,661
2023-02-07	$74.92	$70.00	25.9%	7.3%	25.7%	26.1%	25.2%	5.0%	1.2%	2.6M	-34.2M	-160.8K	1.04	56.62	246	257	10,715	8,745
2023-02-08	$74.08	$70.00	25.2%	7.2%	26.2%	24.2%	25.4%	4.7%	1.7%	2.6M	-28.8M	-166.8K	1.25	18.21	83	104	10,871	8,911
2023-02-09	$74.03	$70.00	25.2%	7.2%	26.3%	24.0%	25.3%	5.1%	1.9%	2.6M	-27.1M	-166.8K	0.97	34.41	124	120	10,884	8,940
2023-02-10	$73.70	$70.00	24.8%	7.1%	26.2%	23.0%	26.6%	4.7%	2.0%	2.7M	-25.2M	-164.9K	0.43	47.68	65	28	10,923	9,018
2023-02-13	$74.80	$70.00	25.5%	7.3%	26.0%	24.8%	25.9%	5.2%	1.3%	3.2M	-33.2M	-158.6K	0.47	36.58	160	76	10,920	9,037
2023-02-14	$74.72	$70.00	24.1%	6.9%	25.4%	20.8%	24.3%	5.0%	2.0%	3.9M	-32.7M	-155.5K	0.88	31.27	239	211	11,007	9,067
2023-02-15	$74.59	$70.00	23.7%	6.8%	24.9%	19.8%	23.5%	5.5%	2.0%	4.4M	-30.8M	-158.6K	0.28	42.44	256	72	11,168	9,268
2023-02-16	$74.57	$70.00	23.2%	6.7%	21.4%	18.5%	22.2%	4.4%	1.7%	5.7M	-30.7M	-154.0K	0.35	30.93	957	334	11,161	9,271
2023-02-17	$74.74	$70.00	23.5%	6.7%	21.0%	19.2%	24.2%	3.8%	1.4%	11.4M	-29.1M	-157.3K	1.82	45.21	146	265	11,455	9,538
2023-02-21	$73.57	$70.00	24.4%	7.0%	21.9%	21.8%	25.0%	3.9%	1.0%	827.1K	-13.6M	-152.8K	0.17	45.30	193	32	8,371	8,385
2023-02-22	$73.59	$70.00	23.9%	6.8%	22.0%	20.3%	23.8%	3.7%	1.0%	841.9K	-13.7M	-152.0K	0.13	23.56	149	20	8,466	8,411
2023-02-23	$73.80	$70.00	23.3%	6.7%	21.5%	18.5%	26.1%	5.0%	2.1%	930.4K	-14.9M	-151.2K	0.20	22.60	706	138	8,593	8,421
2023-02-24	$73.53	$70.00	24.7%	7.1%	20.1%	22.7%	26.8%	4.2%	-0.3%	994.2K	-14.9M	-154.3K	0.88	26.34	69	61	9,171	8,415
2023-02-27	$73.13	$70.00	24.4%	7.0%	19.9%	21.7%	25.3%	3.0%	0.5%	885.9K	-12.8M	-149.5K	0.17	16.47	484	81	9,190	8,421
2023-02-28	$72.47	$70.00	26.6%	7.6%	18.3%	27.9%	24.5%	1.7%	0.0%	713.1K	-9.5M	-149.4K	2.56	17.69	205	524	9,527	8,466