TDC Options History — October 2008

In October 2008, TDC traded between $14.24 and $18.85. ATM implied volatility averaged 76.8%, placing in the 68.5% IV rank vs the trailing year. The 30-day expected move averaged 21.2%. IV traded below realized volatility by 3.5% (HV 20d: 80.3%). Max pain ranged from $17.50 to $22.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 2 of 23 days. Put/call ratio averaged 0.65.

Notable Days

  • 2008-10-03: Highest Volume — 5,306 contracts
  • 2008-10-09: Largest IV spike — 32.5% change
  • 2008-10-09: Highest IV Rank — 100.0%
  • 2008-10-10: Largest Expected Move — 25.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.14$14.24$18.85$18.85$15.39
Max Pain$19.57$17.50$22.50$22.50$17.50
ATM IV76.8%59.9%110.8%62.4%77.3%
Expected Move21.2%17.5%25.7%17.9%22.2%
HV 20d80.3%71.6%91.4%72.9%82.0%
HV 60d58.9%49.9%67.6%49.9%66.0%
IV Rank68.5%50.8%100.0%67.5%62.0%
IV Percentile97.2%93.7%100.0%97.6%95.6%
Term Structure-7.7%-13.0%2.7%-2.9%-10.4%
VWIV72.0%48.3%92.3%48.3%78.5%
Skew 25d3.4%-15.4%14.9%-8.2%8.9%
Skew 10d8.2%-19.0%25.7%-19.0%8.8%
Call IV 25d72.4%61.6%84.4%63.7%71.7%
Put IV 25d75.8%46.2%94.1%55.5%80.6%
Bid-Ask Spread %49.1929.3767.6039.3129.37
Gamma HHI0.550.470.710.710.48
Net GEX84.3K46.0K156.1K156.1K61.0K
Net DEX-262.4K-1.9M654.9K-1.9M203.4K
Net VEX-21.4K-31.7K-13.7K-31.7K-15.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.002.800.902.80
Total Volume475645,30629595
Total OI13,135.73912,22814,39012,63612,816

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-10-01$18.85$22.5062.4%17.9%72.9%67.5%48.3%-8.2%-2.9%156.1K-1.9M-31.7K0.9039.31N/AN/A15514010,8951,741
2008-10-02$17.84$22.5061.0%17.5%73.5%65.2%66.5%-12.6%2.7%124.8K-1.2M-28.4K0.0057.01N/AN/A84010,9221,862
2008-10-03$17.10$22.5062.7%18.0%72.0%68.0%55.9%-15.4%1.6%99.1K-380.8K-24.0K0.0147.33N/AN/A5,2535310,9611,862
2008-10-06$16.79$20.0070.7%18.8%71.6%81.5%66.1%-3.0%-8.4%89.7K16.3K-22.7K0.4350.64N/AN/A2149210,9131,901
2008-10-07$16.07$20.0059.9%19.9%72.2%63.3%68.3%-1.3%-12.2%78.2K95.8K-20.4K0.7450.60N/AN/A48335611,0411,944
2008-10-08$16.79$20.0070.0%21.1%74.8%80.4%76.2%8.5%-10.0%96.7K-815.1K-27.8K1.1659.88N/AN/A12214111,4762,257
2008-10-09$16.01$17.5092.7%23.3%75.5%100.0%69.4%5.0%-12.7%91.0K-611.7K-27.1K0.1355.36N/AN/A2833611,5332,268
2008-10-10$15.22$20.00110.8%25.7%76.3%100.0%92.3%9.3%-11.0%74.2K-134.1K-23.8K0.0464.78N/AN/A7193211,6942,256
2008-10-13$16.57$17.50101.7%21.6%84.6%89.7%72.1%4.8%-7.5%87.2K-301.0K-24.1K0.0358.66N/AN/A3531011,6822,276
2008-10-14$16.12$17.5082.4%21.1%79.2%67.8%77.5%-6.6%-7.7%89.2K200.5K-20.1K1.4657.59N/AN/A11516811,9202,266
2008-10-15$16.11$20.0077.7%20.9%77.8%62.4%63.3%4.0%-7.1%88.6K-38.9K-23.7K0.0043.05N/AN/A127011,9232,311
2008-10-16$17.49$20.0075.7%21.7%85.2%60.2%73.6%14.3%-9.5%118.6K-1.1M-26.7K2.0753.24N/AN/A11824412,0142,281
2008-10-17$16.86$20.0078.2%22.4%85.4%63.1%0.0%4.9%-12.6%114.6K-905.4K-25.8K0.1745.12N/AN/A1152012,0982,292
2008-10-20$16.90$20.0067.4%19.3%85.1%50.8%69.1%8.4%-1.9%106.7K-1.2M-25.1K0.9164.03N/AN/A555010,5901,638
2008-10-21$16.13$20.0070.3%20.2%86.0%54.2%68.1%6.2%-7.7%74.9K-104.3K-17.3K2.2644.19N/AN/A10624010,5951,647
2008-10-22$14.58$20.0075.3%21.6%91.4%59.8%74.6%-1.9%-7.3%50.9K348.7K-14.8K0.1956.27N/AN/A1593010,6361,787
2008-10-23$14.89$20.0074.5%21.4%89.3%58.9%62.5%1.4%-9.8%47.1K654.9K-14.1K0.0038.89N/AN/A127010,7221,797
2008-10-24$14.67$20.0085.3%24.5%84.9%71.1%92.3%9.5%-9.1%54.1K288.9K-16.2K0.6239.68N/AN/A16210010,7201,797
2008-10-27$14.24$20.0082.4%23.6%77.3%67.8%82.0%14.9%-8.1%46.0K552.0K-13.7K0.1734.16N/AN/A1152010,7721,847
2008-10-28$15.72$17.5080.8%23.2%83.4%66.0%77.6%11.8%-13.0%60.3K259.7K-16.1K0.2837.71N/AN/A722010,8591,826
2008-10-29$15.19$17.5075.5%21.7%83.4%60.0%76.9%9.2%-7.6%61.8K58.6K-16.7K0.5467.60N/AN/A502710,8821,846
2008-10-30$15.66$17.5071.8%20.6%82.9%55.7%72.7%6.5%-5.8%68.3K6.8K-17.1K0.0036.82N/AN/A64010,9241,832
2008-10-31$15.39$17.5077.3%22.2%82.0%62.0%78.5%8.9%-10.4%61.0K203.4K-15.8K2.8029.37N/AN/A257010,9841,832