TDC Options History — April 2009

In April 2009, TDC traded between $15.28 and $16.78. ATM implied volatility averaged 51.8%, placing in the 30.4% IV rank vs the trailing year. The 30-day expected move averaged 14.9%. IV traded above realized volatility by 6.4% (HV 20d: 45.4%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 4.55.

Notable Days

  • 2009-04-27: Highest Volume — 449 contracts
  • 2009-04-06: Largest IV spike — 34.3% change
  • 2009-04-06: Highest IV Rank — 37.1%
  • 2009-04-28: Largest Expected Move — 16.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.11$15.28$16.78$16.00$16.72
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV51.8%42.2%57.5%56.4%50.3%
Expected Move14.9%12.1%16.2%16.2%14.4%
HV 20d45.4%41.0%49.3%41.0%47.7%
HV 60d49.0%47.6%51.0%48.7%48.6%
IV Rank30.4%19.1%37.1%35.9%28.7%
IV Percentile57.3%36.5%68.7%67.5%53.2%
Term Structure-3.9%-8.0%7.3%0.7%-4.5%
VWIV52.5%42.9%57.9%57.9%50.1%
Skew 25d10.4%4.4%31.7%18.2%5.7%
Skew 10d20.3%3.8%61.3%52.2%9.4%
Call IV 25d42.1%21.8%46.6%44.4%42.8%
Put IV 25d52.5%48.5%62.6%62.6%48.5%
Bid-Ask Spread %32.2419.6658.1922.7643.92
Gamma HHI0.440.270.690.430.48
Net GEX3.2K-35.3K26.0K8.7K23.9K
Net DEX-415.2K-960.5K248.6K-144.7K-960.5K
Net VEX-5.5K-6.1K-4.7K-5.6K-5.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.550.0030.003.330.18
Total Volume138.571124492666
Total OI4,069.1432,2195,3284,8322,782

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-04-01$16.00$15.0056.4%16.2%41.0%35.9%57.9%18.2%0.7%8.7K-144.7K-5.6K3.3322.76N/AN/A6202,2872,545
2009-04-02$16.70$15.0042.2%12.1%43.9%19.1%42.9%17.2%7.3%26.0K-651.3K-5.7K0.8320.91N/AN/A1881562,2812,545
2009-04-03$16.38$15.0042.8%14.7%43.9%19.8%0.0%7.7%-4.0%19.5K-496.3K-6.1K1.3336.17N/AN/A45602,4342,665
2009-04-06$16.09$15.0057.5%15.6%43.5%37.1%53.8%20.9%-3.1%6.7K-314.6K-5.8K30.0037.98N/AN/A1302,4792,705
2009-04-07$15.56$15.0053.3%15.2%45.1%32.3%53.5%15.0%-2.4%-7.9K-34.5K-5.7K5.1436.33N/AN/A211082,4792,715
2009-04-08$15.78$15.0053.5%14.4%43.3%32.4%50.1%20.7%-1.6%-6.4K-108.8K-5.8K1.0541.00N/AN/A41432,5002,767
2009-04-09$16.45$15.0047.8%13.7%43.4%25.7%48.0%31.7%-4.6%25.0K-680.1K-5.6K0.0025.87N/AN/A1202,5202,752
2009-04-13$15.31$15.0052.4%15.0%49.3%31.2%53.0%5.9%-3.4%-31.9K125.8K-5.2K1.0829.43N/AN/A1341452,5182,752
2009-04-14$15.28$15.0052.7%15.1%46.1%31.5%0.0%7.5%-4.9%-35.3K248.6K-5.4K0.0029.06N/AN/A5702,5152,789
2009-04-15$15.53$15.0052.4%15.0%45.2%31.2%52.9%8.2%-4.1%-3.7K-380.8K-4.9K1.6328.02N/AN/A32522,5562,772
2009-04-16$15.82$15.0051.6%14.8%45.8%30.3%0.0%6.6%-4.4%-17.1K-356.0K-4.8K0.0037.42N/AN/A1502,4312,655
2009-04-17$16.39$15.0047.5%13.6%47.8%25.4%48.4%6.5%-2.9%285-613.2K-4.7K0.2331.49N/AN/A213502,4362,655
2009-04-20$16.20$15.0055.5%15.9%47.2%34.8%49.5%4.8%-5.3%5.8K-502.7K-4.8K0.9830.71N/AN/A53521,1641,055
2009-04-21$16.46$15.0048.0%13.8%46.5%26.0%56.2%6.0%-2.6%4.8K-517.6K-4.9K10.0924.25N/AN/A232321,1991,107
2009-04-22$16.35$15.0052.1%14.9%46.4%30.8%53.7%7.5%-6.1%-710-466.0K-5.4K0.1219.66N/AN/A89111,2171,337
2009-04-23$16.25$15.0055.9%16.0%46.0%35.2%55.3%4.4%-8.0%-1.5K-381.6K-5.5K0.5327.18N/AN/A167891,2891,340
2009-04-24$16.48$15.0053.0%15.2%43.7%31.8%53.8%6.0%-7.6%6.5K-616.6K-5.9K0.0026.69N/AN/A18301,4351,310
2009-04-27$15.95$15.0055.7%16.0%45.0%35.1%56.3%6.1%-6.6%9.1K-482.3K-5.8K9.4458.19N/AN/A434061,5941,310
2009-04-28$15.90$15.0056.6%16.2%44.0%36.2%56.3%5.2%-7.9%13.0K-494.8K-5.6K0.0034.28N/AN/A0151,6021,178
2009-04-29$16.78$15.0050.4%14.5%48.0%28.8%50.1%6.5%-5.0%22.1K-890.8K-5.6K25.0035.70N/AN/A2501,6021,178
2009-04-30$16.72$15.0050.3%14.4%47.7%28.7%0.0%5.7%-4.5%23.9K-960.5K-5.6K0.1843.92N/AN/A56101,6041,178