TDC Options History — December 2007

In December 2007, TDC traded between $25.54 and $27.50. ATM implied volatility averaged 49.9%. The 30-day expected move averaged 14.3%. IV traded above realized volatility by 10.5% (HV 20d: 39.4%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 9.72.

Notable Days

  • 2007-12-28: Highest Volume — 148 contracts
  • 2007-12-13: Largest IV spike — 35.3% change
  • 2007-12-04: Largest Expected Move — 16.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.73$25.54$27.50$26.19$27.41
Max Pain$24.50$22.50$25.00$22.50$25.00
ATM IV49.9%38.8%59.6%57.7%45.4%
Expected Move14.3%11.8%16.6%16.6%13.0%
HV 20d39.4%27.2%48.2%48.1%27.2%
HV 60d39.3%37.5%40.9%40.9%37.5%
Term Structure-2.8%-7.4%9.9%-5.5%1.7%
VWIV47.9%33.0%64.5%33.0%46.3%
Skew 25d3.7%-2.5%20.8%20.8%1.9%
Skew 10d-8.3%-23.6%21.4%21.4%-14.6%
Call IV 25d46.7%37.6%53.2%38.2%42.5%
Put IV 25d50.4%43.3%59.0%59.0%44.3%
Bid-Ask Spread %69.7956.9993.7788.4165.67
Gamma HHI0.580.470.680.660.47
Net GEX23.3K14.1K37.7K31.9K14.1K
Net DEX-620.3K-842.9K-399.6K-648.2K-520.4K
Net VEX-5.5K-6.3K-5.0K-6.2K-5.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio9.720.00147.000.000.00
Total Volume34.1014809
Total OI1,457.551,1731,5741,5651,449

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-12-03$26.19$22.5057.7%16.6%48.1%0.0%0.0%20.8%-5.5%31.9K-648.2K-6.2K0.0088.41N/AN/A001,145420
2007-12-04$26.45$22.5057.8%16.6%47.9%0.0%0.0%2.6%-7.4%35.2K-796.6K-6.3K0.0089.40N/AN/A101,145420
2007-12-05$26.78$22.5053.8%15.4%48.2%0.0%0.0%1.0%-3.9%37.0K-842.9K-6.2K0.0093.77N/AN/A2001,144420
2007-12-06$26.87$22.5053.3%15.3%47.5%0.0%0.0%0.9%-1.6%37.7K-828.1K-6.3K2.6763.24N/AN/A30801,154420
2007-12-07$26.52$25.0047.0%14.0%47.4%0.0%33.0%-1.6%-4.1%34.8K-755.0K-5.9K0.0362.40N/AN/A10031,157389
2007-12-10$26.69$25.0059.6%14.6%42.2%0.0%51.0%2.8%-7.1%30.3K-623.2K-5.8K1.0060.83N/AN/A10101,084389
2007-12-11$25.54$25.0050.9%13.7%45.5%0.0%0.0%1.3%-2.5%20.5K-399.6K-5.2K0.0075.67N/AN/A0111,094389
2007-12-12$26.16$25.0038.8%13.6%43.6%0.0%48.4%-2.5%-4.3%18.6K-473.6K-5.3K0.4072.29N/AN/A25101,094400
2007-12-13$26.63$25.0052.5%15.1%41.7%0.0%0.0%10.4%-4.7%21.1K-525.1K-5.4K0.5067.46N/AN/A20101,091400
2007-12-14$27.12$25.0053.6%15.4%40.7%0.0%0.0%6.7%-5.6%28.9K-738.1K-5.7K1.0070.45N/AN/A20201,109400
2007-12-17$26.67$25.0050.2%14.4%40.0%0.0%48.4%2.4%-5.0%16.9K-576.0K-5.4K0.0060.75N/AN/A201,116400
2007-12-18$26.83$25.0047.7%13.7%37.9%0.0%0.0%0.3%-2.0%16.0K-605.0K-5.3K3.0062.43N/AN/A261,118400
2007-12-19$26.44$25.0048.0%13.8%36.3%0.0%0.0%0.6%-2.3%15.3K-558.4K-5.2K0.0064.20N/AN/A001,118400
2007-12-20$26.65$25.0049.0%14.0%36.2%0.0%0.0%1.3%-4.6%15.6K-565.1K-5.2K0.0061.88N/AN/A201,118400
2007-12-21$26.87$25.0049.0%14.1%34.6%0.0%0.0%7.0%-3.7%17.0K-615.0K-5.2K0.0061.06N/AN/A001,120400
2007-12-24$27.41$25.0050.9%14.6%33.4%0.0%0.0%4.3%-5.5%18.6K-619.1K-5.3K0.0080.01N/AN/A20814359
2007-12-26$27.04$25.0049.4%14.1%34.0%0.0%43.4%4.6%-0.8%16.8K-555.4K-5.0K0.0056.99N/AN/A380814359
2007-12-27$26.80$25.0043.0%12.3%27.4%0.0%64.5%1.8%2.6%17.1K-523.6K-5.0K0.0067.62N/AN/A1030842359
2007-12-28$27.50$25.0041.2%11.8%28.3%0.0%46.3%8.1%9.9%21.6K-638.1K-5.1K147.0071.28N/AN/A1147942359
2007-12-31$27.41$25.0045.4%13.0%27.2%0.0%0.0%1.9%1.7%14.1K-520.4K-5.7K0.0065.67N/AN/A90943506