TXT Options History — March 2023

In March 2023, TXT traded between $65.91 and $74.50. ATM implied volatility averaged 28.2%, placing in the 32.5% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded above realized volatility by 6.2% (HV 20d: 22.0%). Max pain ranged from $70.00 to $75.00. Net GEX was positive for 18 of 23 trading days. Term structure was in contango for 21 of 23 days. Put/call ratio averaged 0.70.

Notable Days

  • 2023-03-09: Highest Volume — 4,196 contracts
  • 2023-03-13: Largest IV spike — 48.8% change
  • 2023-03-13: Highest IV Rank — 89.8%
  • 2023-03-17: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$69.81$65.91$74.50$73.37$70.47
Max Pain$71.09$70.00$75.00$70.00$70.00
ATM IV28.2%22.4%48.3%23.2%25.4%
Expected Move7.9%6.4%9.5%6.6%7.3%
HV 20d22.0%13.3%28.9%16.2%28.4%
HV 60d23.0%20.6%24.0%23.1%24.0%
IV Rank32.5%16.1%89.8%18.3%24.6%
IV Percentile22.9%0.4%98.4%0.4%9.5%
Term Structure1.7%-0.5%4.0%1.3%3.7%
VWIV27.1%22.1%31.3%23.4%26.7%
Skew 25d4.7%1.2%7.1%3.5%4.8%
Skew 10d6.5%-4.2%15.3%8.0%5.4%
Call IV 25d25.7%22.2%30.0%23.5%23.5%
Put IV 25d30.4%26.2%35.1%26.9%28.4%
Bid-Ask Spread %70.257.6889.8038.2170.24
Gamma HHI0.260.200.350.320.21
Net GEX481.1K-585.2K1.8M1.0M891.2K
Net DEX-2.8M-24.5M16.2M-13.9M-8.8M
Net VEX-177.1K-199.2K-152.5K-152.5K-199.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.012.460.011.79
Total Volume7701404,196656237
Total OI19,014.73915,28622,35018,44418,321

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-03-01$73.37$70.0023.2%6.6%16.2%18.3%23.4%3.5%1.3%1.0M-13.9M-152.5K0.0138.2164979,7088,736
2023-03-02$74.35$70.0022.9%6.6%14.2%17.4%24.6%3.9%1.3%1.6M-20.5M-157.1K0.247.681,13327710,0828,742
2023-03-03$74.50$70.0022.5%6.4%13.6%16.3%22.5%4.1%1.3%1.8M-24.5M-173.3K1.0020.2921321311,1548,833
2023-03-06$73.32$75.0022.4%6.9%13.8%16.1%24.0%5.3%2.6%1.5M-18.0M-178.8K0.9169.7926423911,5858,945
2023-03-07$73.34$75.0023.2%7.1%13.8%18.2%27.1%3.9%1.4%1.5M-18.4M-182.7K2.1161.24459511,7789,058
2023-03-08$73.00$75.0023.0%6.8%13.3%17.7%24.7%5.4%2.8%1.3M-15.6M-178.8K2.0276.065611311,8089,054
2023-03-09$70.99$75.0030.0%7.8%16.0%37.6%22.1%5.6%0.5%166.2K-4.6M-169.8K0.0375.194,05713911,8049,072
2023-03-10$69.00$75.0032.5%8.3%18.5%44.7%28.9%4.3%0.4%-326.8K4.1M-174.5K0.7874.1225720011,4819,153
2023-03-13$67.47$70.0048.3%9.1%19.7%89.8%31.1%5.5%0.4%-371.1K11.1M-163.7K2.4677.674081,00311,6379,269
2023-03-14$67.99$70.0026.8%8.1%18.9%28.5%28.3%6.7%0.5%-585.2K10.2M-171.6K0.3081.082517611,7579,934
2023-03-15$66.03$70.0033.0%9.5%20.7%46.3%31.3%1.2%-0.5%-264.9K16.2M-163.7K0.1489.8074310111,7449,852
2023-03-16$67.60$70.0029.4%8.4%23.2%36.1%29.4%6.3%-0.1%-188.2K6.1M-167.8K0.0683.721,1857011,9379,244
2023-03-17$65.91$70.0033.3%9.5%24.2%47.1%31.0%3.4%0.8%130.8K9.1M-168.3K0.3984.1026410413,0879,263
2023-03-20$67.41$70.0032.1%9.2%26.2%43.7%29.9%4.0%1.3%92.3K5.0M-171.0K1.6368.853756138,1797,107
2023-03-21$68.83$70.0026.9%7.7%27.4%29.0%26.8%5.7%2.3%218.6K1.4M-183.0K0.0981.93563528,2787,623
2023-03-22$68.00$70.0027.1%7.8%27.5%29.3%28.1%3.5%2.4%187.2K3.0M-183.0K1.3688.72831138,8137,641
2023-03-23$67.47$70.0032.4%9.3%27.4%44.5%28.0%7.1%0.8%139.5K5.2M-184.9K0.1382.20381518,8237,747
2023-03-24$67.74$70.0028.5%8.2%27.6%33.5%30.2%3.6%2.2%186.2K3.9M-186.9K0.3586.05105379,0987,765
2023-03-27$68.65$70.0026.4%7.6%28.3%27.5%28.9%4.8%3.0%300.2K886.8K-186.0K0.1578.11229359,1627,782
2023-03-28$69.59$70.0027.6%7.9%28.8%30.7%25.8%4.8%4.0%441.3K-2.9M-190.1K0.0573.88510239,2997,779
2023-03-29$70.52$70.0024.8%7.1%28.9%23.0%24.1%6.3%4.0%681.5K-6.8M-192.4K0.0480.881,080489,7037,779
2023-03-30$70.19$70.0026.5%7.6%28.3%27.9%26.8%5.1%3.3%627.4K-5.7M-193.5K0.0865.88935789,9087,815
2023-03-31$70.47$70.0025.4%7.3%28.4%24.6%26.7%4.8%3.7%891.2K-8.8M-199.2K1.7970.248515210,4737,848