TDC Options History — August 2015

In August 2015, TDC traded between $27.98 and $36.53. ATM implied volatility averaged 34.1%, placing in the 40.4% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded below realized volatility by 26.0% (HV 20d: 60.1%). Max pain ranged from $32.50 to $37.50. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.98.

Notable Days

  • 2015-08-20: Highest Volume — 5,076 contracts
  • 2015-08-06: Largest IV drop — 40.5% change
  • 2015-08-05: Highest IV Rank — 80.0%
  • 2015-08-05: Largest Expected Move — 13.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.82$27.98$36.53$36.53$29.27
Max Pain$35.12$32.50$37.50$35.00$32.50
ATM IV34.1%26.0%47.8%45.0%33.9%
Expected Move9.7%7.4%13.7%12.9%9.7%
HV 20d60.1%20.0%69.6%20.1%69.0%
HV 60d38.5%19.5%43.2%20.0%43.0%
IV Rank40.4%16.8%80.0%71.9%39.4%
IV Percentile75.8%50.4%97.2%95.6%76.2%
Term Structure-2.0%-14.5%11.5%-11.9%-1.3%
VWIV33.8%24.9%48.2%46.0%36.9%
Skew 25d4.5%0.7%13.6%3.3%8.5%
Skew 10d8.3%-3.5%28.6%5.4%25.9%
Call IV 25d32.5%25.8%47.4%45.6%29.7%
Put IV 25d37.0%28.1%51.5%48.9%38.1%
Bid-Ask Spread %58.9522.9593.3130.0188.01
Gamma HHI0.210.170.290.290.17
Net GEX-379.8K-632.2K315.7K96.4K-317.2K
Net DEX41.7M13.1M50.6M13.1M43.5M
Net VEX-105.9K-238.5K-65.1K-236.3K-69.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.980.022.220.021.49
Total Volume2,540.1432405,0763,9012,592
Total OI48,034.95242,10353,10444,14542,521

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-08-03$36.53$35.0045.0%12.9%20.1%71.9%46.0%3.3%-11.9%96.4K13.1M-236.3K0.0230.01N/AN/A3,8366525,68918,456
2015-08-04$36.00$35.0047.6%13.7%20.6%79.6%46.5%1.7%-13.9%308.6K14.2M-234.5K1.8733.09N/AN/A5601,04927,90018,489
2015-08-05$36.28$35.0047.8%13.7%20.0%80.0%48.2%4.1%-14.5%315.7K13.4M-238.5K0.4753.90N/AN/A3,4371,60527,94918,975
2015-08-06$30.43$37.5028.4%7.7%65.8%23.9%27.7%0.7%-0.0%-459.2K49.5M-92.4K2.2256.82N/AN/A1,4683,26029,93519,851
2015-08-07$29.99$37.5029.3%8.1%65.6%26.4%28.3%3.9%-0.5%-575.4K50.3M-84.5K0.7822.95N/AN/A1,3551,06130,32320,447
2015-08-10$30.84$37.5030.5%8.1%66.6%30.0%27.3%2.6%-0.4%-632.2K49.1M-94.2K0.8133.94N/AN/A1,15192830,57620,697
2015-08-11$30.25$37.5030.2%8.0%66.6%29.2%27.9%1.9%0.4%-622.3K50.6M-81.1K1.1655.29N/AN/A28733430,61220,738
2015-08-12$30.50$35.0028.9%8.3%66.9%25.2%28.1%3.3%-0.6%-590.2K49.2M-89.5K1.0559.10N/AN/A1,1511,20630,84920,653
2015-08-13$30.56$35.0028.5%8.2%67.0%24.2%28.7%1.8%-0.2%-605.0K48.2M-86.6K1.1925.03N/AN/A1,1331,34730,90520,635
2015-08-14$30.53$35.0027.5%7.9%67.0%21.4%28.3%2.2%0.7%-619.9K47.9M-87.9K1.2332.67N/AN/A1,0951,34330,91320,573
2015-08-17$30.63$37.5026.0%7.4%65.3%16.8%24.9%3.6%0.7%-629.8K47.4M-91.1K1.2448.72N/AN/A1,1461,41930,96520,615
2015-08-18$30.40$37.5026.6%7.6%65.3%18.8%26.7%1.3%1.1%-567.7K48.7M-74.9K1.0537.34N/AN/A1,1961,25131,06920,636
2015-08-19$29.88$35.0027.3%7.8%65.3%20.7%26.4%4.3%0.2%-493.3K48.3M-76.5K0.4361.59N/AN/A1687231,08520,400
2015-08-20$29.63$35.0029.5%8.5%65.1%27.0%29.4%3.4%0.1%-473.1K48.9M-73.6K0.3164.80N/AN/A3,8821,19431,08920,676
2015-08-21$30.23$35.0034.7%9.9%65.9%42.0%34.8%5.2%-2.1%-468.7K43.2M-99.7K1.1884.82N/AN/A1,3221,56632,20820,896
2015-08-24$29.24$35.0042.0%12.0%66.4%63.2%43.2%9.6%-3.8%-379.0K42.6M-79.1K0.9489.02N/AN/A1,0771,01623,26418,839
2015-08-25$27.98$32.5041.6%11.9%67.0%62.1%39.9%13.6%11.5%-245.8K43.2M-65.1K0.8188.71N/AN/A1,07787423,34518,846
2015-08-26$29.02$32.5039.8%11.4%68.8%56.9%40.2%12.3%-3.4%-325.6K41.4M-87.7K0.8693.31N/AN/A1,04990423,41318,903
2015-08-27$29.64$32.5037.2%10.7%69.6%49.2%36.7%4.2%-3.7%-364.4K41.9M-89.9K0.7488.80N/AN/A1,13484323,42118,899
2015-08-28$29.48$32.5034.1%9.8%69.0%40.0%33.9%4.0%-0.3%-327.0K41.5M-91.4K0.7890.03N/AN/A1,06382723,54918,930
2015-08-31$29.27$32.5033.9%9.7%69.0%39.4%36.9%8.5%-1.3%-317.2K43.5M-69.5K1.4988.01N/AN/A1,0431,54923,58318,938