TDC Options History — April 2015

In April 2015, TDC traded between $43.11 and $45.86. ATM implied volatility averaged 32.2%, placing in the 34.9% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 12.4% (HV 20d: 19.8%). Max pain ranged from $42.50 to $45.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 1.08.

Notable Days

  • 2015-04-15: Highest Volume — 6,504 contracts
  • 2015-04-08: Largest IV spike — 41.1% change
  • 2015-04-30: Highest IV Rank — 55.9%
  • 2015-04-30: Largest Expected Move — 11.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.18$43.11$45.86$43.98$44.01
Max Pain$44.40$42.50$45.00$45.00$45.00
ATM IV32.2%22.4%39.5%24.0%39.5%
Expected Move9.6%6.9%11.3%6.9%11.3%
HV 20d19.8%17.0%22.5%21.5%17.0%
HV 60d32.6%31.3%33.3%32.9%31.3%
IV Rank34.9%6.3%55.9%11.2%55.9%
IV Percentile68.7%7.1%89.3%25.4%89.3%
Term Structure-6.1%-11.4%8.1%8.1%-11.4%
VWIV34.3%24.6%40.5%24.6%39.8%
Skew 25d1.6%0.3%3.1%0.3%2.5%
Skew 10d3.4%1.0%6.7%3.6%6.7%
Call IV 25d33.7%25.6%39.2%25.6%38.9%
Put IV 25d35.3%25.9%41.5%25.9%41.5%
Bid-Ask Spread %39.6118.9685.1085.1032.04
Gamma HHI0.280.190.340.190.33
Net GEX373.9K-422.1K715.3K107.7K599.8K
Net DEX-3.0M-10.1M4.1M101.4K-3.6M
Net VEX-89.0K-110.5K-64.9K-66.9K-109.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.080.076.020.471.91
Total Volume1,888.3813966,5041,4131,377
Total OI20,586.09516,40828,35419,78818,162

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-04-01$43.98$45.0024.0%6.9%21.5%11.2%24.6%0.3%8.1%107.7K101.4K-66.9K0.4785.10N/AN/A96045312,8606,928
2015-04-02$44.02$42.5022.4%9.3%20.9%6.3%34.1%1.9%-4.5%73.1K-177.8K-66.8K1.6356.70N/AN/A45674113,1066,953
2015-04-06$44.71$42.5024.7%9.5%19.1%13.1%35.0%0.8%-5.4%196.4K-3.7M-69.3K0.8160.01N/AN/A1,16694613,2347,352
2015-04-07$45.40$42.5024.3%9.7%19.6%11.9%34.6%0.5%-5.3%407.1K-7.5M-71.4K0.4358.61N/AN/A97641613,7707,460
2015-04-08$45.62$42.5034.2%9.8%18.3%40.8%34.1%0.5%-5.9%593.2K-8.9M-73.2K0.0759.11N/AN/A3692714,0377,545
2015-04-09$45.86$42.5033.9%9.7%18.3%39.8%34.6%1.3%-5.6%574.2K-10.1M-71.2K0.8727.06N/AN/A60352414,2137,548
2015-04-10$44.84$45.0034.2%9.8%20.6%40.7%35.3%1.0%-6.4%-166.4K-3.3M-69.1K1.6525.53N/AN/A59297414,3357,539
2015-04-13$44.25$45.0032.9%9.4%21.2%36.8%33.2%2.6%-5.4%-422.1K1.3M-64.9K0.3133.72N/AN/A1,55548514,3807,965
2015-04-14$43.53$45.0032.6%9.4%22.3%36.1%31.1%2.0%-6.3%64.1K4.1M-67.9K0.4740.75N/AN/A3,5721,66415,9978,097
2015-04-15$43.68$45.0032.3%9.2%21.9%35.1%32.5%2.8%-5.8%249.0K-1.3M-83.9K6.0240.78N/AN/A9265,57818,3038,560
2015-04-16$43.71$45.0032.1%9.2%21.9%34.6%32.9%0.8%-6.6%320.5K-1.3M-101.3K0.9738.12N/AN/A73771618,3609,614
2015-04-17$43.11$45.0032.4%9.3%22.5%35.5%31.4%2.0%-6.5%392.8K2.6M-98.3K1.3234.21N/AN/A1,0951,44118,4319,923
2015-04-20$43.18$45.0032.6%9.4%20.0%36.1%32.6%2.5%-5.1%438.0K-129.1K-102.0K0.9418.96N/AN/A4494249,2737,135
2015-04-21$43.46$45.0032.6%9.3%20.0%36.0%31.8%1.4%-5.3%514.4K-1.9M-103.4K0.4824.30N/AN/A8534089,5357,167
2015-04-22$43.78$45.0032.5%9.3%19.8%35.6%33.5%3.1%-5.5%582.8K-3.0M-105.8K0.9834.65N/AN/A4063969,7277,169
2015-04-23$44.40$45.0033.9%9.7%18.2%39.7%33.9%1.9%-7.5%668.0K-6.9M-107.4K0.3223.37N/AN/A1,7505599,8027,189
2015-04-24$44.00$45.0034.5%9.9%18.6%41.6%37.0%1.3%-8.1%623.3K-4.2M-110.5K0.4931.61N/AN/A1,27762110,2027,335
2015-04-27$43.78$45.0036.0%10.3%18.7%45.8%38.3%0.9%-8.8%656.2K-4.0M-108.8K0.6333.45N/AN/A98961910,2157,397
2015-04-28$44.19$45.0036.9%10.6%17.7%48.5%40.5%2.5%-9.7%664.7K-5.6M-107.6K0.7630.12N/AN/A71854310,2467,432
2015-04-29$44.19$45.0038.1%10.9%17.0%51.9%39.6%1.0%-10.7%715.3K-6.0M-108.9K1.2043.58N/AN/A58970610,3167,496
2015-04-30$44.01$45.0039.5%11.3%17.0%55.9%39.8%2.5%-11.4%599.8K-3.6M-109.7K1.9132.04N/AN/A47490310,3907,772