TDC Options History — October 2014

In October 2014, TDC traded between $39.83 and $42.30. ATM implied volatility averaged 37.0%, placing in the 38.3% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 8.9% (HV 20d: 28.1%). Max pain ranged from $42.50 to $45.00. Net GEX was positive for 3 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 4.10.

Notable Days

2014-10-15: Highest Volume — 11,296 contracts
2014-10-10: Largest IV spike — 25.2% change
2014-10-15: Highest IV Rank — 78.4%
2014-10-16: Largest Expected Move — 9.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$41.18	$39.83	$42.30	$41.59	$42.30
Max Pain	$43.26	$42.50	$45.00	$45.00	$42.50
ATM IV	37.0%	21.2%	54.7%	26.6%	40.0%
Expected Move	8.7%	7.7%	9.9%	7.7%	8.5%
HV 20d	28.1%	21.3%	35.1%	22.5%	35.1%
HV 60d	23.4%	20.7%	25.9%	20.9%	25.3%
IV Rank	38.3%	2.4%	78.4%	14.6%	45.0%
IV Percentile	71.0%	2.0%	98.4%	34.1%	86.5%
Term Structure	-4.3%	-9.4%	4.9%	4.0%	-7.3%
VWIV	30.3%	27.0%	32.9%	27.4%	29.6%
Skew 25d	2.0%	-0.1%	5.1%	0.1%	2.0%
Skew 10d	4.7%	-10.0%	17.6%	-10.0%	8.2%
Call IV 25d	37.3%	28.4%	44.8%	28.7%	41.0%
Put IV 25d	39.2%	28.6%	46.1%	28.8%	43.0%
Bid-Ask Spread %	60.57	47.59	72.68	71.06	54.57
Gamma HHI	0.31	0.21	0.57	0.28	0.22
Net GEX	-758.7K	-1.9M	3.9M	-1.3M	14.8K
Net DEX	22.8M	5.4M	41.4M	26.5M	5.4M
Net VEX	-197.1K	-217.6K	-184.3K	-192.3K	-200.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	4.10	0.11	50.00	3.89	1.17
Total Volume	2,352.522	213	11,296	3,290	2,831
Total OI	37,921.826	32,265	49,801	35,287	35,882

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
2014-10-01	$41.59	$45.00	26.6%	7.7%	22.5%	14.6%	27.4%	0.1%	4.0%	-1.3M	26.5M	-192.3K	3.89	71.06	N/A	N/A	673	2,617	11,248	24,039
2014-10-02	$41.84	$45.00	26.0%	8.1%	21.3%	13.2%	27.0%	1.1%	4.9%	-1.5M	27.9M	-193.2K	1.79	53.09	N/A	N/A	300	537	11,633	25,382
2014-10-03	$41.96	$45.00	26.4%	8.1%	21.4%	14.3%	28.1%	0.3%	4.5%	-1.4M	25.3M	-196.0K	2.94	62.98	N/A	N/A	150	441	11,704	25,547
2014-10-06	$42.23	$45.00	26.6%	8.2%	21.3%	14.6%	0.0%	2.3%	-2.9%	-1.4M	25.5M	-185.3K	50.00	47.59	N/A	N/A	21	1,050	11,718	25,489
2014-10-07	$41.29	$45.00	21.2%	8.2%	21.5%	2.4%	30.2%	-0.1%	-3.1%	-1.6M	29.4M	-186.2K	2.18	66.17	N/A	N/A	67	146	11,729	25,349
2014-10-08	$41.93	$45.00	25.7%	8.0%	22.0%	12.5%	29.1%	4.9%	-3.2%	-1.5M	26.6M	-184.9K	1.70	65.23	N/A	N/A	828	1,410	11,738	25,409
2014-10-09	$41.15	$45.00	30.8%	8.8%	22.4%	24.2%	29.0%	3.5%	-4.8%	-1.7M	31.3M	-184.3K	0.75	67.14	N/A	N/A	932	695	11,811	25,347
2014-10-10	$40.01	$42.50	38.6%	8.4%	23.9%	41.9%	29.5%	0.3%	-4.3%	-1.7M	37.2M	-187.5K	6.20	62.51	N/A	N/A	88	546	12,543	25,841
2014-10-13	$39.90	$42.50	47.5%	9.1%	23.6%	62.0%	31.8%	1.2%	-5.1%	-1.9M	41.4M	-184.7K	2.01	72.68	N/A	N/A	1,022	2,058	12,607	26,127
2014-10-14	$41.56	$42.50	50.5%	8.7%	28.9%	69.0%	30.8%	3.1%	-5.9%	-1.9M	30.0M	-187.5K	0.46	68.06	N/A	N/A	2,084	951	12,836	27,260
2014-10-15	$41.26	$42.50	54.7%	8.9%	28.4%	78.4%	32.9%	0.7%	-8.1%	-1.8M	31.4M	-203.8K	0.11	58.74	N/A	N/A	10,221	1,075	13,933	28,396
2014-10-16	$41.00	$42.50	43.7%	9.9%	28.0%	53.4%	32.8%	1.7%	-9.4%	225.1K	25.0M	-217.6K	0.90	57.59	N/A	N/A	630	566	21,721	27,808
2014-10-17	$42.29	$42.50	39.9%	9.0%	29.4%	44.9%	31.8%	3.3%	-7.0%	3.9M	8.4M	-211.2K	0.23	55.24	N/A	N/A	1,189	274	22,104	27,697
2014-10-20	$40.70	$42.50	41.9%	9.3%	32.1%	49.3%	31.8%	1.8%	-6.1%	-619.6K	17.3M	-203.8K	0.30	58.66	N/A	N/A	3,116	926	12,404	19,861
2014-10-21	$41.36	$42.50	39.1%	9.1%	32.6%	43.0%	32.6%	2.4%	-5.0%	-377.1K	13.3M	-213.8K	0.40	55.45	N/A	N/A	1,982	793	14,615	20,167
2014-10-22	$40.00	$42.50	39.2%	8.7%	33.9%	43.3%	30.7%	0.3%	-5.0%	-492.1K	20.2M	-208.3K	0.86	62.46	N/A	N/A	1,281	1,107	15,804	20,525
2014-10-23	$39.83	$42.50	38.0%	8.8%	32.0%	40.5%	30.7%	1.5%	-4.9%	-670.8K	24.1M	-198.0K	1.03	54.68	N/A	N/A	1,871	1,922	15,850	20,651
2014-10-24	$40.69	$42.50	38.0%	8.9%	32.7%	40.6%	30.8%	3.4%	-4.3%	-398.2K	18.3M	-206.9K	1.11	56.49	N/A	N/A	940	1,046	15,789	20,215
2014-10-27	$40.63	$42.50	40.0%	8.8%	32.6%	45.0%	0.0%	2.9%	-6.8%	-443.5K	17.4M	-200.4K	9.69	55.44	N/A	N/A	52	504	15,789	20,265
2014-10-28	$41.38	$42.50	38.9%	8.7%	33.4%	42.5%	30.0%	2.5%	-6.5%	-231.3K	12.3M	-202.7K	2.40	66.87	N/A	N/A	236	566	15,811	19,960
2014-10-29	$40.71	$42.50	40.1%	8.9%	33.8%	45.2%	30.3%	1.1%	-6.5%	-410.2K	17.4M	-190.7K	2.11	63.91	N/A	N/A	709	1,499	15,943	19,807
2014-10-30	$41.42	$42.50	38.7%	8.5%	34.3%	42.2%	29.7%	5.1%	-6.8%	-243.0K	13.7M	-193.6K	2.16	56.57	N/A	N/A	683	1,473	15,950	19,898
2014-10-31	$42.30	$42.50	40.0%	8.5%	35.1%	45.0%	29.6%	2.0%	-7.3%	14.8K	5.4M	-200.7K	1.17	54.57	N/A	N/A	1,303	1,528	15,996	19,886