TXT Options History — December 2023

In December 2023, TXT traded between $76.11 and $80.93. ATM implied volatility averaged 20.3%, placing in the 23.5% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 2.3% (HV 20d: 18.0%). Max pain ranged from $75.00 to $75.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.83.

Notable Days

2023-12-04: Highest Volume — 2,051 contracts
2023-12-11: Largest IV spike — 30.3% change
2023-12-11: Highest IV Rank — 39.5%
2023-12-06: Largest Expected Move — 6.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$78.73	$76.11	$80.93	$77.91	$80.72
Max Pain	$75.00	$75.00	$75.00	$75.00	$75.00
ATM IV	20.3%	18.3%	26.2%	18.4%	18.4%
Expected Move	5.6%	5.2%	6.0%	5.3%	5.3%
HV 20d	18.0%	11.7%	20.2%	19.7%	11.7%
HV 60d	19.9%	17.7%	22.2%	21.7%	17.7%
IV Rank	23.5%	17.9%	39.5%	18.4%	18.2%
IV Percentile	20.2%	5.2%	65.9%	5.2%	5.6%
Term Structure	3.4%	-0.5%	5.3%	-0.5%	5.3%
VWIV	19.8%	17.9%	21.1%	20.4%	17.9%
Skew 25d	2.4%	1.3%	3.1%	2.4%	2.6%
Skew 10d	4.8%	1.5%	7.2%	1.8%	5.6%
Call IV 25d	18.8%	17.8%	19.6%	18.6%	17.8%
Put IV 25d	21.2%	20.3%	21.8%	21.0%	20.5%
Bid-Ask Spread %	56.59	20.16	79.55	59.11	33.13
Gamma HHI	0.40	0.34	0.63	0.39	0.34
Net GEX	1.7M	761.3K	3.9M	1.3M	2.0M
Net DEX	-34.1M	-48.5M	-22.4M	-31.2M	-39.5M
Net VEX	-230.8K	-239.4K	-217.4K	-230.5K	-233.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.83	0.05	2.17	0.29	0.59
Total Volume	610.4	163	2,051	217	185
Total OI	25,193.5	20,864	28,953	26,646	22,725

Daily Data (20 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
2023-12-01	$77.91	$75.00	18.4%	5.3%	19.7%	18.4%	20.4%	2.4%	-0.5%	1.3M	-31.2M	-230.5K	0.29	59.11	168	49	13,235	13,411
2023-12-04	$77.03	$75.00	21.1%	5.8%	20.1%	25.7%	19.0%	2.7%	2.4%	916.6K	-25.1M	-225.4K	0.12	75.19	1,837	214	13,269	13,381
2023-12-05	$76.63	$75.00	21.9%	5.9%	20.2%	27.8%	19.2%	2.9%	2.9%	1.2M	-25.3M	-239.4K	0.30	75.97	423	125	14,725	13,431
2023-12-06	$76.56	$75.00	21.6%	6.0%	20.2%	26.9%	20.0%	3.0%	2.6%	1.2M	-26.2M	-238.5K	1.47	74.35	66	97	14,896	13,298
2023-12-07	$76.20	$75.00	21.3%	5.9%	19.7%	26.3%	19.6%	3.0%	2.8%	887.6K	-22.8M	-234.4K	0.89	43.91	319	285	14,887	13,281
2023-12-08	$76.11	$75.00	20.1%	5.7%	18.5%	22.9%	19.2%	3.1%	2.8%	761.3K	-22.4M	-232.5K	2.17	73.87	60	130	14,983	13,289
2023-12-11	$77.06	$75.00	26.2%	5.8%	18.0%	39.5%	19.5%	2.3%	2.9%	1.4M	-31.0M	-221.9K	0.49	24.38	263	129	14,905	13,101
2023-12-12	$77.49	$75.00	22.1%	5.7%	18.1%	28.5%	19.0%	2.3%	3.2%	1.6M	-34.4M	-218.7K	0.70	59.42	113	79	14,825	13,116
2023-12-13	$78.85	$75.00	18.3%	5.2%	18.4%	17.9%	20.0%	2.2%	3.5%	3.3M	-45.0M	-217.4K	1.06	78.57	581	613	14,797	13,115
2023-12-14	$79.32	$75.00	19.3%	5.5%	18.4%	20.8%	21.1%	2.4%	2.8%	3.9M	-48.5M	-235.9K	1.73	20.16	220	381	15,174	13,643
2023-12-15	$79.16	$75.00	19.1%	5.5%	18.2%	20.1%	21.0%	2.4%	4.0%	1.6M	-44.4M	-233.5K	0.65	78.59	407	263	15,150	13,803
2023-12-18	$79.53	$75.00	19.3%	5.5%	18.2%	20.8%	20.3%	1.3%	3.9%	1.7M	-31.7M	-229.7K	1.83	79.55	174	319	11,164	9,700
2023-12-19	$79.81	$75.00	19.3%	5.5%	17.9%	20.9%	19.7%	1.9%	3.9%	1.8M	-33.6M	-227.7K	1.29	76.88	101	130	11,250	9,842
2023-12-20	$79.62	$75.00	20.2%	5.8%	17.9%	23.3%	20.0%	2.2%	3.8%	1.7M	-31.8M	-231.3K	0.93	33.25	282	263	11,293	9,922
2023-12-21	$80.03	$75.00	20.0%	5.7%	17.9%	22.7%	20.2%	2.1%	3.8%	1.7M	-33.7M	-231.3K	0.17	52.58	452	78	11,380	10,113
2023-12-22	$80.43	$75.00	19.9%	5.7%	17.9%	22.4%	19.9%	2.2%	4.4%	1.8M	-36.7M	-230.6K	0.09	34.49	1,410	121	11,473	10,134
2023-12-26	$80.84	$75.00	20.3%	5.8%	17.4%	23.4%	20.2%	2.0%	4.2%	1.9M	-40.2M	-233.0K	1.52	63.67	361	547	11,852	10,151
2023-12-27	$80.42	$75.00	19.6%	5.6%	17.3%	21.7%	19.7%	1.7%	4.8%	1.9M	-37.2M	-237.7K	0.29	32.86	287	84	11,952	10,542
2023-12-28	$80.93	$75.00	19.4%	5.5%	13.6%	20.9%	19.3%	2.5%	4.5%	2.0M	-40.6M	-234.0K	0.05	61.92	564	28	12,086	10,576
2023-12-29	$80.72	$75.00	18.4%	5.3%	11.7%	18.2%	17.9%	2.6%	5.3%	2.0M	-39.5M	-233.3K	0.59	33.13	116	69	12,140	10,585