TDC Options History — July 2014

In July 2014, TDC traded between $39.99 and $43.38. ATM implied volatility averaged 31.0%, placing in the 21.8% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 12.5% (HV 20d: 18.4%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 1.46.

Notable Days

  • 2014-07-15: Highest Volume — 2,186 contracts
  • 2014-07-10: Largest IV spike — 41.3% change
  • 2014-07-31: Highest IV Rank — 44.2%
  • 2014-07-25: Largest Expected Move — 9.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.73$39.99$43.38$40.33$42.16
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV31.0%21.7%40.5%21.7%40.5%
Expected Move9.0%7.7%9.4%9.2%8.6%
HV 20d18.4%16.8%19.8%17.4%19.1%
HV 60d28.0%27.2%30.4%30.4%27.5%
IV Rank21.8%0.0%44.2%0.0%44.2%
IV Percentile53.5%0.0%90.1%0.0%90.1%
Term Structure-3.2%-10.0%8.7%8.3%-10.0%
VWIV31.2%26.4%33.8%32.6%32.7%
Skew 25d1.8%-2.2%3.8%1.6%2.7%
Skew 10d3.8%-4.0%10.7%-0.8%2.2%
Call IV 25d31.6%21.7%40.7%21.7%40.7%
Put IV 25d33.4%19.8%43.3%23.2%43.3%
Bid-Ask Spread %46.2226.9977.7627.1140.63
Gamma HHI0.300.180.440.440.30
Net GEX-1.5M-2.2M-928.0K-1.9M-1.2M
Net DEX19.1M9.6M32.3M28.8M17.0M
Net VEX-214.7K-235.1K-197.0K-219.1K-235.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.460.273.453.010.85
Total Volume1,129.9551872,1861,094187
Total OI35,999.54527,67240,97736,74934,706

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-07-01$40.33$40.0021.7%9.2%17.4%0.0%32.6%1.6%8.3%-1.9M28.8M-219.1K3.0127.11N/AN/A27382111,25725,492
2014-07-02$39.99$40.0021.8%9.2%17.4%0.2%33.8%-0.5%8.7%-2.0M31.6M-220.2K1.4729.72N/AN/A57885011,38825,890
2014-07-03$40.55$40.0022.5%9.1%17.3%2.0%32.1%-2.2%8.4%-2.0M28.7M-224.2K3.3429.39N/AN/A3151,05111,79626,458
2014-07-07$40.82$40.0025.0%9.3%16.8%7.8%32.2%1.1%-2.6%-1.9M28.0M-223.2K1.4931.67N/AN/A48572112,01827,009
2014-07-08$40.23$40.0024.0%9.3%17.1%5.4%30.8%1.2%-3.4%-2.1M32.3M-218.9K0.9826.99N/AN/A36235512,24527,312
2014-07-09$40.48$40.0022.9%9.2%17.4%2.8%0.0%1.1%-2.9%-2.2M29.4M-220.8K1.3934.54N/AN/A20829012,45927,601
2014-07-10$40.81$40.0032.3%9.0%17.8%25.0%0.0%2.9%-3.5%-2.2M26.2M-219.9K0.2730.18N/AN/A82322512,65227,674
2014-07-11$41.24$40.0031.9%9.1%18.4%24.1%0.0%3.1%-3.2%-1.9M22.6M-215.2K0.3149.56N/AN/A1,15836212,62927,689
2014-07-14$42.05$40.0032.1%9.0%18.9%24.6%32.8%3.4%-4.0%-1.4M14.1M-204.5K0.6132.25N/AN/A69542412,55827,726
2014-07-15$41.49$40.0032.1%8.9%18.3%24.5%31.5%2.7%-4.0%-1.4M16.5M-207.0K2.4535.76N/AN/A6341,55212,69527,781
2014-07-16$41.78$40.0032.4%8.8%18.6%25.2%0.0%2.1%-4.6%-1.3M15.0M-209.0K0.5232.60N/AN/A36719213,11027,867
2014-07-17$41.74$40.0032.7%8.8%18.4%25.9%0.0%2.2%-4.7%-1.5M16.8M-206.9K0.5340.31N/AN/A50426712,95827,667
2014-07-18$42.37$40.0032.2%9.0%19.4%24.7%0.0%0.5%-4.5%-1.2M12.3M-203.2K0.9154.77N/AN/A45941713,06027,690
2014-07-21$42.22$40.0033.1%8.8%19.2%27.0%30.8%2.8%-4.9%-1.0M14.9M-201.2K1.0247.98N/AN/A3063137,30120,371
2014-07-22$43.06$40.0032.6%7.7%19.7%25.7%30.7%2.4%-4.2%-939.4K10.9M-199.2K0.4653.26N/AN/A6242897,49520,511
2014-07-23$42.70$40.0032.6%9.1%19.2%25.7%26.4%1.4%-4.3%-934.7K11.9M-197.0K1.8077.76N/AN/A2254057,83620,715
2014-07-24$43.38$40.0032.9%8.2%19.8%26.4%0.0%3.8%-4.7%-928.0K9.6M-201.6K3.4556.07N/AN/A4901,6907,98721,003
2014-07-25$42.63$40.0033.8%9.4%19.3%28.6%30.7%2.1%-5.2%-1.1M14.2M-217.5K2.0670.79N/AN/A6001,2338,37922,498
2014-07-28$42.37$40.0035.9%9.4%18.6%33.4%0.0%0.9%-7.2%-1.2M15.5M-228.3K0.3276.44N/AN/A6522118,91123,402
2014-07-29$42.85$40.0037.3%9.4%18.4%36.7%28.8%2.4%-8.3%-1.0M11.8M-223.7K2.2665.69N/AN/A4821,0909,43023,534
2014-07-30$42.78$40.0039.0%8.7%18.5%40.8%32.7%2.4%-9.8%-1.0M12.9M-227.3K2.5373.42N/AN/A4741,2009,71723,513
2014-07-31$42.16$40.0040.5%8.6%19.1%44.2%0.0%2.7%-10.0%-1.2M17.0M-235.1K0.8540.63N/AN/A1018610,14724,559