TDC Options History — May 2014

In May 2014, TDC traded between $39.54 and $45.85. ATM implied volatility averaged 30.8%, placing in the 19.4% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded below realized volatility by 8.0% (HV 20d: 38.8%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 2.51.

Notable Days

  • 2014-05-08: Highest Volume — 4,535 contracts
  • 2014-05-08: Largest IV drop — 39.4% change
  • 2014-05-07: Highest IV Rank — 60.2%
  • 2014-05-08: Largest Expected Move — 9.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.82$39.54$45.85$45.85$41.99
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV30.8%22.7%47.7%40.9%24.8%
Expected Move9.5%9.2%9.9%9.3%9.4%
HV 20d38.8%26.4%44.0%30.9%40.7%
HV 60d31.9%27.2%33.7%27.2%32.8%
IV Rank19.4%0.0%60.2%43.7%4.9%
IV Percentile30.4%0.0%97.6%90.9%4.0%
Term Structure-0.8%-8.1%1.6%-7.5%-0.3%
VWIV32.9%30.3%35.7%35.7%33.0%
Skew 25d2.0%1.1%3.1%2.4%1.5%
Skew 10d4.1%-0.3%8.4%3.0%7.5%
Call IV 25d28.9%24.4%42.2%40.5%24.4%
Put IV 25d30.9%25.9%43.9%42.9%25.9%
Bid-Ask Spread %32.2126.1459.3439.9929.71
Gamma HHI0.330.210.390.210.33
Net GEX-1.2M-1.5M-567.1K-567.1K-1.5M
Net DEX22.8M1.2M37.4M1.2M22.0M
Net VEX-244.3K-251.0K-231.0K-238.9K-246.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.510.4011.310.402.43
Total Volume977.4761514,535318151
Total OI33,412.52428,70535,84628,70535,609

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-05-01$45.85$40.0040.9%9.3%30.9%43.7%35.7%2.4%-7.5%-567.1K1.2M-238.9K0.4039.99N/AN/A227919,68719,018
2014-05-02$45.10$40.0041.8%9.6%31.2%45.8%0.0%1.7%-8.1%-622.5K3.2M-238.2K3.6026.14N/AN/A3071,1049,76619,048
2014-05-05$44.59$40.0046.4%9.4%30.4%57.0%0.0%1.3%-2.6%-782.2K7.2M-237.6K2.1635.03N/AN/A3196889,84619,871
2014-05-06$44.32$40.0047.6%9.6%26.4%60.0%0.0%2.3%-2.0%-902.9K10.0M-242.2K11.3130.43N/AN/A778719,75820,474
2014-05-07$43.97$40.0047.7%9.5%26.4%60.2%30.3%1.7%-1.5%-1.1M14.2M-249.0K1.9359.34N/AN/A5159959,77721,277
2014-05-08$39.54$40.0028.9%9.9%43.8%14.8%35.4%1.4%-0.0%-1.2M37.4M-231.0K1.2242.74N/AN/A2,0392,49610,03721,989
2014-05-09$39.63$40.0028.2%9.8%44.0%13.1%34.8%2.2%0.8%-1.2M36.7M-241.2K1.2128.94N/AN/A79295911,17223,234
2014-05-12$40.34$40.0029.2%9.5%44.0%15.5%33.5%3.1%-0.1%-1.3M33.3M-237.7K0.7926.62N/AN/A94974811,58223,172
2014-05-13$40.78$40.0025.3%9.3%43.9%5.9%32.3%2.3%0.5%-1.3M28.9M-251.0K1.2829.28N/AN/A26734112,17723,484
2014-05-14$40.87$40.0022.7%9.4%41.7%0.0%30.8%2.5%1.6%-1.3M29.4M-249.5K1.9829.17N/AN/A14228112,21923,623
2014-05-15$40.53$40.0027.5%9.5%41.4%11.5%33.7%1.9%0.8%-1.3M30.0M-245.9K0.6927.94N/AN/A33823412,02023,583
2014-05-16$40.62$40.0027.7%9.4%41.5%12.0%0.0%2.2%0.6%-1.3M29.4M-246.2K9.9028.02N/AN/A1351,33612,22723,619
2014-05-19$41.17$40.0027.2%9.4%41.5%10.7%31.3%1.8%0.6%-1.3M25.4M-250.4K0.6337.18N/AN/A47329910,27423,081
2014-05-20$40.80$40.0026.6%9.2%41.5%9.3%0.0%2.2%0.8%-1.3M26.8M-250.1K1.7728.33N/AN/A7713610,52923,240
2014-05-21$40.84$40.0026.1%9.3%41.0%8.2%31.2%2.0%0.3%-1.3M27.3M-250.0K0.4730.78N/AN/A44220610,55023,355
2014-05-22$41.02$40.0026.4%9.4%41.2%8.9%0.0%2.8%-0.4%-1.3M26.4M-248.0K1.1028.85N/AN/A13314610,68323,365
2014-05-23$41.18$40.0025.9%9.4%40.6%7.8%32.3%2.1%0.2%-1.3M24.4M-247.6K3.6729.25N/AN/A8531210,71623,401
2014-05-27$41.30$40.0025.8%9.4%40.7%7.3%0.0%1.1%-0.3%-1.4M24.6M-241.4K0.7229.53N/AN/A23216710,73723,685
2014-05-28$41.60$40.0025.1%9.3%40.6%5.7%0.0%2.3%0.0%-1.4M22.6M-244.2K0.4029.29N/AN/A46718810,87623,821
2014-05-29$42.19$40.0025.2%9.5%41.0%5.9%33.0%1.8%-0.1%-1.4M17.8M-244.9K5.1029.80N/AN/A12563711,18223,899
2014-05-30$41.99$40.0024.8%9.4%40.7%4.9%0.0%1.5%-0.3%-1.5M22.0M-246.1K2.4329.71N/AN/A4410711,21324,396