TDC Options History — March 2015

In March 2015, TDC traded between $42.14 and $44.94. ATM implied volatility averaged 25.2%, placing in the 14.7% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded below realized volatility by 2.0% (HV 20d: 27.2%). Max pain ranged from $45.00 to $45.00. Net GEX was positive for 8 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 1.67.

Notable Days

  • 2015-03-31: Highest Volume — 1,788 contracts
  • 2015-03-20: Largest IV drop — 6.4% change
  • 2015-03-10: Highest IV Rank — 22.2%
  • 2015-03-17: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.20$42.14$44.94$44.94$44.15
Max Pain$45.00$45.00$45.00$45.00$45.00
ATM IV25.2%23.5%27.8%26.3%24.2%
Expected Move7.2%6.8%7.6%7.5%6.9%
HV 20d27.2%18.2%48.5%48.5%22.1%
HV 60d33.7%32.4%34.6%34.3%33.2%
IV Rank14.7%9.8%22.2%17.9%11.7%
IV Percentile36.9%17.1%59.1%46.0%28.2%
Term Structure4.3%-0.9%8.5%-0.9%8.2%
VWIV25.8%23.7%28.3%28.3%24.3%
Skew 25d0.9%-1.1%2.1%0.7%-1.1%
Skew 10d1.7%-4.8%5.5%0.1%4.4%
Call IV 25d25.8%24.1%27.3%26.9%26.0%
Put IV 25d26.7%24.9%27.9%27.6%24.9%
Bid-Ask Spread %80.5473.5087.1481.4787.05
Gamma HHI0.200.150.350.280.23
Net GEX-12.9K-822.0K859.8K859.8K17.3K
Net DEX4.8M-5.7M10.7M-5.7M377.2K
Net VEX-76.7K-108.3K-65.4K-108.3K-68.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.670.008.570.941.63
Total Volume609.5501,7886721,788
Total OI21,670.13618,90824,20921,90919,862

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-03-02$44.94$45.0026.3%7.5%48.5%17.9%28.3%0.7%-0.9%859.8K-5.7M-108.3K0.9481.47N/AN/A34632614,0357,874
2015-03-03$44.06$45.0025.6%7.3%48.4%15.9%26.3%-0.1%-0.7%480.4K-623.3K-98.6K0.8885.44N/AN/A36031814,0497,878
2015-03-04$44.67$45.0024.7%7.1%47.7%13.1%25.5%0.4%0.1%686.6K-3.6M-100.7K1.0986.79N/AN/A39643214,0637,891
2015-03-05$44.03$45.0025.4%6.9%47.8%15.2%26.2%1.1%4.1%366.8K833.0K-92.1K1.0874.90N/AN/A33836614,0737,956
2015-03-06$42.88$45.0026.0%7.5%29.3%17.0%27.1%1.0%3.1%-89.6K6.9M-78.4K1.0474.57N/AN/A33735014,0837,953
2015-03-09$42.85$45.0026.2%7.5%28.8%17.6%27.7%1.5%2.9%-25.4K6.7M-80.0K0.4576.45N/AN/A713214,0837,993
2015-03-10$42.18$45.0027.8%7.5%28.2%22.2%26.9%1.3%2.7%-139.3K8.8M-73.7K3.5876.29N/AN/A5319014,0577,971
2015-03-11$42.24$45.0026.2%7.5%26.6%17.4%27.1%1.3%2.8%-245.6K9.7M-72.1K0.3477.48N/AN/A40813914,0848,127
2015-03-12$42.34$45.0025.6%7.3%26.5%15.7%25.5%1.4%3.6%-185.7K9.1M-71.6K0.4778.82N/AN/A803814,2978,162
2015-03-13$42.14$45.0025.7%7.4%18.2%16.0%27.0%2.1%3.9%-167.9K9.9M-71.9K2.8978.17N/AN/A18754114,3778,146
2015-03-16$42.19$45.0025.6%7.3%18.2%15.8%26.7%0.7%3.4%-265.1K10.7M-70.3K0.4573.50N/AN/A2129514,4938,547
2015-03-17$42.74$45.0026.4%7.6%18.7%18.1%27.1%0.6%2.4%-110.5K7.9M-73.7K8.5781.99N/AN/A1471,26014,6528,577
2015-03-18$42.73$45.0025.1%7.2%18.7%14.2%25.6%0.9%3.7%-577.4K9.7M-74.5K1.6384.70N/AN/A8313514,6939,455
2015-03-19$42.73$45.0025.2%7.2%18.7%14.5%25.4%2.1%3.4%-822.0K10.0M-70.6K2.0381.32N/AN/A326514,7169,463
2015-03-20$43.95$45.0023.5%6.8%21.6%9.8%24.3%0.9%4.3%158.1K3.8M-75.0K0.2180.06N/AN/A1382914,7409,469
2015-03-23$44.23$45.0023.6%6.8%21.0%9.9%24.1%0.4%7.4%238.0K-408.7K-72.8K0.4679.12N/AN/A79136311,7687,140
2015-03-24$43.70$45.0023.9%6.9%21.3%10.9%23.7%0.5%7.7%51.2K1.5M-68.0K0.7377.99N/AN/A68349812,1376,945
2015-03-25$42.67$45.0024.5%7.0%22.1%12.7%23.8%0.7%7.1%-103.5K5.4M-66.9K6.8681.16N/AN/A2919912,3767,275
2015-03-26$42.60$45.0024.6%7.0%22.1%12.7%25.8%0.6%7.8%-91.0K5.8M-68.5K0.4884.79N/AN/A60228712,3857,375
2015-03-27$42.71$45.0024.1%6.9%21.5%11.5%24.4%1.8%8.1%-162.9K6.1M-65.4K0.0082.57N/AN/A50012,3877,362
2015-03-30$43.56$45.0024.7%7.1%22.5%13.1%24.8%1.7%8.5%-155.8K3.6M-66.3K0.8487.14N/AN/A33428112,4127,362
2015-03-31$44.15$45.0024.2%6.9%22.1%11.7%24.3%-1.1%8.2%17.3K377.2K-68.6K1.6387.05N/AN/A6801,10812,4967,366