TDC Options History — February 2013

In February 2013, TDC traded between $58.06 and $67.60. ATM implied volatility averaged 32.4%, placing in the 42.5% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded below realized volatility by 1.1% (HV 20d: 33.5%). Max pain ranged from $60.00 to $70.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.99.

Notable Days

2013-02-06: Highest Volume — 13,467 contracts
2013-02-07: Largest IV drop — 46.6% change
2013-02-01: Highest IV Rank — 100.0%
2013-02-01: Largest Expected Move — 10.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$62.74	$58.06	$67.60	$66.42	$58.06
Max Pain	$65.53	$60.00	$70.00	$70.00	$60.00
ATM IV	32.4%	24.5%	56.0%	53.6%	24.5%
Expected Move	8.2%	7.0%	10.7%	10.7%	7.0%
HV 20d	33.5%	23.4%	37.8%	23.8%	36.0%
HV 60d	28.1%	24.2%	30.2%	24.4%	30.2%
IV Rank	42.5%	22.7%	100.0%	100.0%	22.7%
IV Percentile	34.0%	8.3%	100.0%	100.0%	8.3%
Term Structure	-0.9%	-5.4%	1.5%	-5.4%	1.0%
VWIV	29.0%	25.8%	36.1%	34.9%	26.1%
Skew 25d	1.2%	-8.2%	5.5%	5.5%	1.5%
Skew 10d	0.7%	-15.4%	10.4%	10.4%	-5.6%
Call IV 25d	28.8%	25.7%	35.2%	34.1%	25.7%
Put IV 25d	30.0%	20.8%	39.6%	39.6%	27.2%
Bid-Ask Spread %	18.51	13.54	29.39	24.42	14.19
Gamma HHI	0.32	0.22	0.53	0.23	0.30
Net GEX	100.2K	-1.4M	878.9K	104.3K	418.4K
Net DEX	2.9M	-8.0M	18.3M	607.3K	5.3M
Net VEX	-81.5K	-107.1K	-68.7K	-107.1K	-72.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.99	0.04	5.34	0.61	0.09
Total Volume	2,323.947	164	13,467	1,158	1,208
Total OI	19,203.316	13,413	26,041	17,039	17,215

Daily Data (19 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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2013-02-01	$66.42	$70.00	53.6%	10.7%	23.8%	100.0%	34.9%	5.5%	-5.4%	104.3K	607.3K	-107.1K	0.61	24.42	N/A	N/A	721	437	8,131	8,908
2013-02-04	$66.86	$70.00	56.0%	10.5%	23.8%	100.0%	36.1%	4.1%	-4.5%	285.7K	-2.4M	-106.2K	4.67	18.64	N/A	N/A	458	2,141	8,591	9,004
2013-02-05	$67.60	$70.00	51.0%	9.8%	23.4%	87.7%	34.7%	4.0%	-4.8%	606.5K	-8.0M	-104.0K	0.77	21.28	N/A	N/A	398	306	8,765	8,516
2013-02-06	$66.55	$70.00	54.6%	10.4%	24.3%	96.8%	35.7%	3.0%	-4.3%	404.2K	-4.1M	-102.5K	0.43	19.90	N/A	N/A	9,402	4,065	8,870	8,598
2013-02-07	$61.82	$70.00	29.2%	8.4%	36.3%	34.2%	28.5%	3.1%	-0.4%	-1.4M	18.3M	-72.6K	1.80	13.70	N/A	N/A	2,864	5,166	14,552	9,877
2013-02-08	$62.75	$65.00	27.8%	8.0%	36.4%	30.8%	29.3%	2.0%	-0.9%	-601.1K	9.3M	-81.8K	0.42	16.29	N/A	N/A	1,708	718	15,717	9,368
2013-02-11	$62.26	$65.00	28.2%	8.1%	36.2%	31.8%	27.9%	1.6%	0.0%	-802.5K	11.5M	-75.8K	0.87	14.63	N/A	N/A	797	690	16,580	9,461
2013-02-12	$61.43	$65.00	27.8%	8.0%	36.0%	30.7%	27.5%	1.6%	0.2%	-1.2M	12.6M	-76.9K	5.34	26.36	N/A	N/A	155	827	16,782	9,149
2013-02-13	$61.68	$65.00	27.0%	7.7%	36.1%	28.9%	26.9%	2.2%	0.5%	-782.1K	11.5M	-71.0K	1.06	15.21	N/A	N/A	397	420	16,757	8,690
2013-02-14	$62.15	$65.00	27.4%	7.9%	36.1%	29.9%	26.9%	1.3%	0.5%	106.5K	6.0M	-72.6K	0.53	14.69	N/A	N/A	635	338	16,885	8,260
2013-02-15	$62.59	$65.00	27.2%	7.8%	35.4%	29.4%	31.2%	-0.4%	-0.8%	440.3K	3.7M	-78.9K	0.04	17.87	N/A	N/A	2,802	100	17,313	8,313
2013-02-19	$63.50	$65.00	26.0%	7.5%	35.8%	26.5%	26.4%	-1.2%	-0.8%	852.0K	-5.0M	-81.4K	0.08	17.35	N/A	N/A	689	53	9,743	3,670
2013-02-20	$62.06	$65.00	26.4%	7.6%	36.6%	27.4%	26.5%	0.5%	0.1%	529.4K	-1.3M	-74.8K	0.89	21.68	N/A	N/A	87	77	10,121	3,691
2013-02-21	$61.55	$65.00	26.4%	7.6%	36.4%	27.4%	26.7%	1.2%	0.4%	423.9K	-78.6K	-72.0K	0.24	17.69	N/A	N/A	298	73	10,150	3,711
2013-02-22	$63.19	$65.00	25.6%	7.3%	37.8%	25.4%	25.8%	-0.3%	-0.2%	878.9K	-4.3M	-80.5K	0.28	18.82	N/A	N/A	149	41	10,257	3,750
2013-02-25	$62.81	$65.00	26.1%	7.5%	34.0%	26.6%	26.6%	-0.2%	-0.3%	785.4K	-3.3M	-75.8K	0.31	16.02	N/A	N/A	867	268	10,368	3,746
2013-02-26	$60.46	$60.00	26.0%	7.5%	35.7%	26.4%	27.6%	-8.2%	1.5%	431.8K	852.3K	-68.7K	0.22	29.39	N/A	N/A	3,074	669	10,968	3,728
2013-02-27	$58.38	$60.00	25.6%	7.3%	36.3%	25.4%	26.6%	0.5%	1.0%	416.8K	4.5M	-74.1K	0.22	13.54	N/A	N/A	868	189	12,444	4,214
2013-02-28	$58.06	$60.00	24.5%	7.0%	36.0%	22.7%	26.1%	1.5%	1.0%	418.4K	5.3M	-72.4K	0.09	14.19	N/A	N/A	1,113	95	12,908	4,307