TDC Options History — April 2014

In April 2014, TDC traded between $44.71 and $49.18. ATM implied volatility averaged 34.6%, placing in the 28.4% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 3.3% (HV 20d: 31.3%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 4 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 2.00.

Notable Days

  • 2014-04-10: Highest Volume — 3,706 contracts
  • 2014-04-10: Largest IV spike — 27.9% change
  • 2014-04-28: Highest IV Rank — 43.7%
  • 2014-04-21: Largest Expected Move — 10.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.50$44.71$49.18$48.27$45.46
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV34.6%26.4%40.9%27.7%40.8%
Expected Move9.5%9.1%10.3%9.5%9.3%
HV 20d31.3%24.6%35.2%24.6%31.6%
HV 60d29.1%27.3%30.6%28.5%27.3%
IV Rank28.4%8.8%43.7%11.7%43.6%
IV Percentile58.8%6.3%89.7%11.1%89.7%
Term Structure-3.1%-7.3%7.9%6.3%-7.3%
VWIV33.7%31.1%37.6%33.6%33.3%
Skew 25d2.3%-0.3%4.9%1.1%2.3%
Skew 10d3.7%-1.1%11.2%0.5%5.1%
Call IV 25d35.8%26.6%41.5%27.5%40.3%
Put IV 25d38.0%27.8%43.2%28.5%42.7%
Bid-Ask Spread %36.1022.8356.9835.4130.76
Gamma HHI0.250.190.350.300.21
Net GEX-405.7K-1.3M947.5K587.0K-612.8K
Net DEX-3.2M-23.6M11.9M-17.2M3.0M
Net VEX-239.4K-263.2K-223.7K-237.7K-241.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.000.1616.990.231.90
Total Volume697.9521703,706174284
Total OI34,944.85726,81442,31037,17628,576

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-04-01$48.27$40.0027.7%9.5%24.6%11.7%33.6%1.1%6.3%587.0K-17.2M-237.7K0.2335.41N/AN/A1423215,30921,867
2014-04-02$49.18$40.0026.4%9.2%25.3%8.8%0.0%2.4%7.9%947.5K-23.6M-235.5K0.8647.26N/AN/A1079215,40221,879
2014-04-03$48.98$40.0026.7%9.2%25.3%9.3%31.1%1.1%7.8%931.4K-22.1M-235.5K1.5527.45N/AN/A7812115,43121,897
2014-04-04$47.79$40.0027.6%9.2%27.0%11.4%34.1%-0.3%-2.6%440.8K-13.0M-236.5K2.8648.64N/AN/A11031515,47221,910
2014-04-07$45.72$40.0029.0%9.8%31.3%15.0%0.0%1.4%-4.0%-453.1K491.3K-231.5K2.6034.52N/AN/A20252615,47621,760
2014-04-08$45.33$40.0029.6%9.9%31.2%16.5%34.0%2.6%-4.6%-875.7K5.8M-232.5K0.4435.20N/AN/A44519515,49222,010
2014-04-09$46.58$40.0028.9%9.5%32.4%14.7%33.0%3.3%-3.7%-524.7K-2.7M-223.7K0.7732.60N/AN/A1,3071,01015,61221,978
2014-04-10$46.07$40.0037.0%9.2%32.5%34.2%37.6%1.9%-3.9%-663.2K-2.5M-234.1K16.9927.28N/AN/A2063,50016,37422,642
2014-04-11$44.71$40.0037.7%9.1%34.2%36.1%0.0%3.0%-4.3%-1.2M11.9M-263.2K1.7144.20N/AN/A44075116,49425,271
2014-04-14$45.28$40.0038.0%9.6%33.4%36.7%0.0%2.8%-5.7%-1.3M8.3M-258.6K0.6031.07N/AN/A1277616,56825,644
2014-04-15$46.78$40.0036.3%9.5%35.2%32.7%33.1%4.9%-4.4%-848.3K-2.7M-249.7K0.8026.91N/AN/A26921416,63325,677
2014-04-16$47.08$40.0036.0%9.6%35.2%31.8%0.0%3.1%-4.9%-533.8K-7.2M-241.1K0.4422.83N/AN/A2229716,45225,595
2014-04-17$46.99$40.0034.8%9.5%31.2%28.9%34.2%3.1%-3.7%-587.4K-6.6M-238.9K0.1633.18N/AN/A2964716,42525,633
2014-04-21$47.60$40.0036.8%10.3%31.5%33.7%0.0%2.5%-4.1%-414.4K-5.2M-232.4K0.1834.47N/AN/A500908,89717,917
2014-04-22$47.55$40.0036.5%9.4%31.4%33.0%0.0%2.3%-3.8%-382.8K-6.4M-231.1K3.9133.57N/AN/A2248759,18217,987
2014-04-23$46.31$40.0037.1%9.4%32.6%34.4%32.9%1.4%-4.3%-522.9K-1.4M-237.8K0.1632.42N/AN/A257419,22718,556
2014-04-24$46.00$40.0037.8%9.6%32.3%36.2%0.0%2.1%-5.1%-561.8K103.0K-238.8K3.6740.77N/AN/A521919,21818,577
2014-04-25$44.84$40.0039.4%9.6%33.2%40.1%0.0%2.8%-5.9%-648.7K4.8M-243.3K0.3035.25N/AN/A5611709,24018,744
2014-04-28$44.77$40.0040.9%9.6%33.0%43.7%0.0%1.7%-7.2%-645.9K5.4M-243.7K0.8256.98N/AN/A1731429,42018,885
2014-04-29$45.16$40.0040.9%9.6%31.9%43.6%0.0%2.3%-6.9%-630.5K3.6M-240.5K0.9547.42N/AN/A87839,54418,969
2014-04-30$45.46$40.0040.8%9.3%31.6%43.6%33.3%2.3%-7.3%-612.8K3.0M-241.1K1.9030.76N/AN/A981869,59518,981