TDC Options History — February 2014

In February 2014, TDC traded between $40.00 and $46.28. ATM implied volatility averaged 35.5%, placing in the 32.8% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded above realized volatility by 2.7% (HV 20d: 32.8%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 5 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 1.27.

Notable Days

  • 2014-02-05: Highest Volume — 13,892 contracts
  • 2014-02-06: Largest IV drop — 44.9% change
  • 2014-02-05: Highest IV Rank — 100.0%
  • 2014-02-03: Largest Expected Move — 10.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.41$40.00$46.28$40.00$45.92
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV35.5%29.3%64.2%54.9%30.3%
Expected Move10.0%9.6%10.5%10.5%10.0%
HV 20d32.8%26.7%38.7%33.0%27.1%
HV 60d32.3%31.0%33.2%31.0%33.2%
IV Rank32.8%16.6%100.0%90.6%18.9%
IV Percentile60.3%37.3%100.0%99.2%45.6%
Term Structure-2.6%-19.3%1.2%-12.3%-0.4%
VWIV35.6%33.1%40.1%35.3%35.5%
Skew 25d1.7%-0.2%7.5%2.0%1.4%
Skew 10d3.8%-0.2%14.5%-0.1%3.7%
Call IV 25d35.5%29.9%60.2%54.7%29.9%
Put IV 25d37.2%30.9%67.7%56.7%31.3%
Bid-Ask Spread %24.3313.2956.7624.7021.31
Gamma HHI0.320.190.460.400.21
Net GEX-786.1K-2.4M672.2K-1.7M499.0K
Net DEX8.4M-25.0M43.2M43.2M-10.8M
Net VEX-304.8K-324.2K-287.1K-313.7K-301.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.270.164.974.971.56
Total Volume2,875.52626813,8923,592384
Total OI54,669.31638,72163,12151,85840,826

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-02-03$40.00$40.0054.9%10.5%33.0%90.6%35.3%2.0%-12.3%-1.7M43.2M-313.7K4.9724.70N/AN/A6022,99019,88631,972
2014-02-04$40.56$40.0055.0%10.1%33.6%90.7%0.0%2.9%-11.9%-1.5M36.7M-318.4K0.6229.73N/AN/A1,7121,05620,21431,926
2014-02-05$41.06$40.0064.2%10.1%33.8%100.0%35.4%7.5%-19.3%-1.4M33.7M-322.4K1.4029.26N/AN/A5,7988,09420,96032,504
2014-02-06$41.00$40.0035.4%9.9%33.8%31.1%0.0%3.2%-1.3%-2.3M37.8M-315.9K0.9056.76N/AN/A4,6344,17724,56137,158
2014-02-07$40.95$40.0033.1%10.3%33.8%25.7%35.6%2.2%-0.3%-2.4M37.8M-324.2K0.5027.93N/AN/A1,71886624,71537,342
2014-02-10$41.07$40.0033.6%10.3%33.2%26.8%34.7%2.1%-1.5%-2.4M37.4M-317.4K0.6517.77N/AN/A50032724,61737,699
2014-02-11$43.30$40.0031.4%10.0%38.7%21.7%35.2%1.4%-0.8%-717.5K2.2M-314.3K0.2023.47N/AN/A3,93676824,84137,567
2014-02-12$42.79$40.0029.8%10.1%35.9%17.9%0.0%0.9%-0.9%-1.4M12.4M-310.6K0.2618.16N/AN/A49913223,77837,793
2014-02-13$42.80$40.0031.5%9.8%32.2%21.8%36.4%1.8%-0.3%-1.2M11.2M-302.0K1.6519.82N/AN/A10116723,75137,801
2014-02-14$43.31$40.0031.0%9.6%32.8%20.6%33.1%0.8%-0.9%-771.6K5.9M-295.7K2.7437.30N/AN/A6631,81823,78337,793
2014-02-18$43.42$40.0031.1%9.9%32.8%20.9%35.1%1.0%-0.5%-587.0K6.4M-299.5K0.9013.29N/AN/A21919823,90939,137
2014-02-19$44.31$40.0030.5%9.8%33.9%19.6%0.0%1.8%0.2%-402.0K-3.8M-300.4K0.5921.36N/AN/A49429323,93339,188
2014-02-20$44.96$40.0030.1%10.0%33.5%18.6%35.0%1.2%0.3%-309.7K-13.2M-289.9K0.9528.42N/AN/A1,0901,03823,12238,238
2014-02-21$45.58$40.0031.3%9.9%33.3%21.3%0.0%-0.2%-0.6%-564.3K-25.0M-287.1K0.2318.08N/AN/A5,3601,23623,58638,757
2014-02-24$45.66$40.0031.3%9.7%31.6%21.4%35.8%-0.1%-0.6%473.8K-12.6M-288.9K0.6914.39N/AN/A47432617,59721,124
2014-02-25$45.58$40.0030.8%9.6%31.4%20.2%35.2%1.1%-0.4%452.6K-10.5M-293.2K0.1622.85N/AN/A2854717,80321,177
2014-02-26$46.26$40.0029.8%9.9%31.5%17.8%40.1%0.4%0.7%672.2K-16.3M-290.6K4.7122.05N/AN/A3781,77917,88521,201
2014-02-27$46.28$40.0029.3%9.8%26.7%16.6%35.5%0.9%1.2%542.7K-13.6M-305.9K0.3515.64N/AN/A35212417,99222,581
2014-02-28$45.92$40.0030.3%10.0%27.1%18.9%0.0%1.4%-0.4%499.0K-10.8M-301.6K1.5621.31N/AN/A15023418,18922,637