TDC Options History — October 2013

In October 2013, TDC traded between $41.48 and $55.37. ATM implied volatility averaged 36.1%, placing in the 40.9% IV rank vs the trailing year. The 30-day expected move averaged 10.5%. IV traded below realized volatility by 16.4% (HV 20d: 52.5%). Max pain ranged from $40.00 to $65.00. Net GEX was positive for 11 of 23 trading days. Term structure was in contango for 4 of 23 days. Put/call ratio averaged 1.09.

Notable Days

2013-10-15: Highest Volume — 15,732 contracts
2013-10-31: Largest IV drop — 34.4% change
2013-10-15: Highest IV Rank — 56.7%
2013-10-15: Largest Expected Move — 11.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$48.18	$41.48	$55.37	$55.25	$44.07
Max Pain	$50.22	$40.00	$65.00	$60.00	$40.00
ATM IV	36.1%	27.2%	41.4%	29.8%	27.2%
Expected Move	10.5%	10.2%	11.0%	10.5%	10.2%
HV 20d	52.5%	20.9%	78.9%	24.1%	78.9%
HV 60d	40.4%	27.0%	50.7%	30.9%	49.2%
IV Rank	40.9%	14.3%	56.7%	22.3%	14.3%
IV Percentile	68.3%	13.5%	90.5%	45.2%	13.5%
Term Structure	-2.9%	-9.6%	8.6%	7.1%	0.4%
VWIV	38.2%	35.1%	41.3%	36.8%	35.7%
Skew 25d	2.2%	-0.7%	8.4%	-0.7%	8.4%
Skew 10d	5.0%	-3.5%	16.6%	-2.1%	14.6%
Call IV 25d	37.8%	23.7%	41.7%	32.1%	23.7%
Put IV 25d	40.0%	31.4%	44.8%	31.4%	32.0%
Bid-Ask Spread %	17.36	10.67	56.64	12.34	16.16
Gamma HHI	0.24	0.16	0.33	0.29	0.22
Net GEX	-16.1K	-256.5K	247.1K	82.0K	-44.3K
Net DEX	15.0M	2.2M	38.8M	6.2M	15.3M
Net VEX	-153.7K	-198.8K	-68.5K	-141.0K	-179.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.09	0.09	3.01	0.31	1.93
Total Volume	2,475.087	264	15,732	1,587	2,490
Total OI	30,148.652	22,948	41,742	22,948	35,382

Daily Data (23 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
2013-10-01	$55.25	$60.00	29.8%	10.5%	24.1%	22.3%	0.0%	-0.7%	7.1%	82.0K	6.2M	-141.0K	0.31	12.34	N/A	N/A	1,215	372	12,755	10,193
2013-10-02	$55.37	$60.00	29.0%	10.3%	24.1%	19.8%	0.0%	0.5%	7.7%	183.5K	4.8M	-149.0K	1.57	12.43	N/A	N/A	145	228	13,691	10,446
2013-10-03	$54.39	$60.00	28.7%	10.4%	23.7%	19.0%	0.0%	0.6%	8.6%	-20.1K	10.0M	-142.7K	2.07	12.83	N/A	N/A	354	734	13,690	10,600
2013-10-04	$54.12	$60.00	28.3%	10.5%	23.6%	17.6%	36.8%	1.5%	-4.3%	-70.1K	11.0M	-141.5K	1.56	15.01	N/A	N/A	103	161	13,769	10,673
2013-10-07	$53.46	$60.00	30.6%	10.6%	23.8%	24.7%	0.0%	2.7%	-3.8%	-129.3K	13.1M	-134.2K	0.87	10.67	N/A	N/A	205	179	13,781	10,655
2013-10-08	$52.58	$60.00	32.0%	10.6%	22.9%	28.8%	0.0%	3.2%	-4.5%	-188.2K	16.7M	-128.8K	1.07	14.63	N/A	N/A	237	253	13,820	10,784
2013-10-09	$52.75	$60.00	30.4%	10.6%	22.0%	24.1%	41.3%	1.8%	-4.9%	-219.0K	16.7M	-128.3K	3.01	15.00	N/A	N/A	172	518	13,882	10,924
2013-10-10	$52.69	$60.00	39.8%	10.6%	21.1%	52.0%	38.3%	3.4%	-5.7%	-235.1K	17.5M	-131.6K	0.53	14.56	N/A	N/A	1,606	857	13,883	11,275
2013-10-11	$52.95	$60.00	39.2%	10.7%	21.4%	50.1%	35.1%	3.8%	-4.5%	-232.1K	17.0M	-137.4K	0.34	15.26	N/A	N/A	442	151	14,561	11,832
2013-10-14	$52.58	$65.00	41.3%	10.6%	20.9%	56.2%	0.0%	3.5%	-5.7%	-200.2K	18.9M	-134.4K	0.86	10.81	N/A	N/A	531	455	14,688	11,942
2013-10-15	$42.91	$65.00	41.4%	11.0%	72.9%	56.7%	39.5%	2.3%	-4.5%	-256.5K	38.8M	-68.5K	0.65	29.84	N/A	N/A	9,510	6,222	15,026	12,119
2013-10-16	$41.48	$45.00	39.9%	10.9%	72.1%	52.3%	38.3%	2.5%	-3.0%	-89.3K	36.1M	-124.2K	1.47	17.34	N/A	N/A	2,215	3,256	22,523	15,358
2013-10-17	$42.52	$40.00	38.6%	10.6%	73.7%	48.4%	39.3%	1.4%	-3.7%	-42.7K	34.2M	-152.0K	0.36	18.84	N/A	N/A	2,665	952	23,259	17,498
2013-10-18	$42.64	$40.00	38.6%	10.8%	72.2%	48.3%	38.8%	1.2%	-3.4%	12.2K	31.7M	-161.3K	0.37	13.48	N/A	N/A	2,889	1,067	23,953	17,789
2013-10-21	$43.44	$40.00	38.4%	10.5%	73.4%	47.7%	37.3%	1.6%	-2.9%	51.6K	11.6M	-168.5K	1.62	17.82	N/A	N/A	896	1,448	17,909	13,197
2013-10-22	$43.96	$40.00	38.0%	10.4%	74.0%	46.5%	37.7%	1.9%	-3.7%	99.0K	10.1M	-180.2K	0.89	13.36	N/A	N/A	766	681	18,392	13,923
2013-10-23	$43.42	$40.00	38.4%	10.6%	73.9%	47.7%	0.0%	0.1%	-3.4%	29.2K	12.0M	-179.6K	0.09	11.79	N/A	N/A	1,948	174	18,353	14,144
2013-10-24	$45.45	$40.00	39.0%	10.5%	76.9%	49.4%	38.9%	0.8%	-4.9%	224.7K	3.3M	-191.9K	0.35	11.15	N/A	N/A	1,882	657	18,316	14,129
2013-10-25	$44.47	$40.00	39.0%	10.6%	76.9%	49.6%	38.8%	1.2%	-4.8%	105.7K	8.5M	-182.0K	0.95	15.45	N/A	N/A	898	852	18,197	14,290
2013-10-28	$45.89	$40.00	40.1%	10.4%	78.4%	52.9%	39.2%	1.8%	-5.6%	247.1K	2.4M	-196.0K	0.48	15.18	N/A	N/A	811	388	18,566	14,972
2013-10-29	$46.25	$40.00	41.2%	10.4%	78.6%	56.1%	0.0%	3.1%	-9.6%	245.8K	2.2M	-183.4K	2.86	56.64	N/A	N/A	850	2,430	18,491	14,902
2013-10-30	$45.47	$40.00	41.4%	10.3%	78.6%	56.6%	0.0%	3.1%	-8.4%	75.6K	7.3M	-198.8K	0.95	28.64	N/A	N/A	1,060	1,002	18,578	16,309
2013-10-31	$44.07	$40.00	27.2%	10.2%	78.9%	14.3%	35.7%	8.4%	0.4%	-44.3K	15.3M	-179.6K	1.93	16.16	N/A	N/A	849	1,641	18,815	16,567