TDC Options History — April 2008

In April 2008, TDC traded between $20.61 and $22.29. ATM implied volatility averaged 49.3%, placing in the 45.4% IV rank vs the trailing year. The 30-day expected move averaged 14.8%. IV traded above realized volatility by 1.6% (HV 20d: 47.7%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 1.77.

Notable Days

  • 2008-04-02: Highest Volume — 515 contracts
  • 2008-04-10: Largest IV spike — 38.3% change
  • 2008-04-14: Highest IV Rank — 58.1%
  • 2008-04-14: Largest Expected Move — 16.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.64$20.61$22.29$20.64$21.29
Max Pain$23.41$22.50$25.00$25.00$22.50
ATM IV49.3%37.5%56.8%48.8%51.1%
Expected Move14.8%12.5%16.3%14.0%14.6%
HV 20d47.7%29.1%57.0%53.6%29.1%
HV 60d45.2%44.0%46.2%44.9%44.0%
IV Rank45.4%25.3%58.1%39.4%48.3%
IV Percentile72.6%22.1%93.3%60.3%78.1%
Term Structure-5.8%-12.1%12.0%2.6%-9.2%
VWIV49.1%35.8%58.7%45.8%55.5%
Skew 25d2.9%-11.8%14.8%-11.8%6.4%
Skew 10d4.4%-11.8%19.6%-11.8%11.5%
Call IV 25d40.7%33.5%54.0%54.0%39.3%
Put IV 25d43.6%30.6%52.9%42.2%45.7%
Bid-Ask Spread %30.5515.0449.7649.7646.98
Gamma HHI0.380.290.480.480.29
Net GEX37.6K9.6K94.9K26.8K37.6K
Net DEX-33.8K-513.5K638.4K185.8K-47.3K
Net VEX-9.6K-11.9K-7.7K-8.7K-7.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.770.0011.763.310.00
Total Volume124.59115155001
Total OI4,5683,9065,1514,1244,121

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-04-01$20.64$25.0048.8%14.0%53.6%0.0%45.8%-11.8%2.6%26.8K185.8K-8.7K3.3149.76N/AN/A1163843,322802
2008-04-02$21.57$25.0045.8%13.1%57.0%39.4%47.3%14.8%4.5%24.6K110.5K-10.7K0.8328.54N/AN/A2822333,4311,086
2008-04-03$21.98$25.0043.7%12.5%55.6%35.8%44.0%11.1%12.0%27.7K-61.9K-11.2K0.2329.69N/AN/A172403,5031,158
2008-04-04$21.89$22.5044.4%15.3%55.0%37.1%56.0%10.4%-8.1%30.4K-148.6K-11.3K4.2016.91N/AN/A5213,5891,151
2008-04-07$22.01$22.5039.5%15.1%54.5%28.7%52.0%10.1%-7.4%31.5K-206.9K-11.4K0.1523.84N/AN/A135203,5911,172
2008-04-08$22.23$22.5040.8%15.2%54.0%30.9%54.2%-3.1%-8.4%43.6K-336.2K-11.8K11.7617.08N/AN/A212473,6961,172
2008-04-09$22.29$25.0037.5%14.7%53.0%25.3%52.9%-1.1%-6.8%37.8K2.4K-11.9K1.1615.04N/AN/A19223,7061,418
2008-04-10$22.17$25.0051.9%14.9%53.0%49.6%49.8%-1.4%-6.7%36.5K103.6K-11.5K0.0917.00N/AN/A120113,7061,419
2008-04-11$21.52$25.0050.7%14.5%53.7%47.6%0.0%-10.7%-6.1%39.6K288.5K-10.1K1.2523.53N/AN/A8103,8211,330
2008-04-14$20.86$25.0056.8%16.3%53.5%58.1%35.8%3.1%-7.9%16.0K638.4K-9.0K0.0027.80N/AN/A01993,8201,312
2008-04-15$20.61$25.0050.4%14.5%51.5%47.2%40.4%3.4%-2.1%9.6K616.2K-8.0K7.0032.58N/AN/A13913,8201,188
2008-04-16$21.28$22.5051.3%14.7%49.8%48.7%46.0%2.1%-6.7%35.5K194.1K-8.6K2.5037.13N/AN/A4103,8281,092
2008-04-17$21.60$22.5051.5%14.8%49.3%49.0%51.2%2.4%-6.9%55.0K-20.5K-9.0K0.0029.99N/AN/A13403,8281,092
2008-04-18$21.99$22.5051.0%14.6%49.1%48.2%46.9%3.7%-7.9%94.9K-443.7K-10.3K0.2533.69N/AN/A55143,9561,092
2008-04-21$21.80$22.5051.4%14.7%43.0%48.9%51.8%3.3%-10.0%36.1K-224.3K-9.0K0.0631.77N/AN/A12373,067839
2008-04-22$21.28$22.5051.2%14.7%42.8%48.6%0.0%2.5%-6.9%31.1K-57.2K-8.2K0.8131.58N/AN/A26213,067839
2008-04-23$21.53$22.5052.7%15.1%41.2%51.0%0.0%3.0%-9.2%40.6K-201.7K-8.6K0.0031.81N/AN/A0103,211853
2008-04-24$21.62$22.5050.6%14.5%39.8%47.6%46.8%2.2%-5.8%39.9K-164.2K-8.8K0.0434.48N/AN/A2713,211863
2008-04-25$21.77$22.5053.0%15.2%38.8%51.7%0.0%3.3%-7.2%41.1K-230.6K-8.5K0.0037.48N/AN/A1003,235862
2008-04-28$22.24$22.5055.0%15.8%39.5%55.0%58.7%9.3%-10.4%48.7K-513.5K-9.2K1.6735.90N/AN/A48803,235862
2008-04-29$21.81$22.5055.5%15.9%31.7%55.8%55.5%0.1%-12.1%43.0K-225.7K-8.6K0.0039.53N/AN/A103,235895
2008-04-30$21.29$22.5051.1%14.6%29.1%48.3%0.0%6.4%-9.2%37.6K-47.3K-7.7K0.0046.98N/AN/A103,236885