TDC Options History — April 2016

In April 2016, TDC traded between $24.50 and $26.64. ATM implied volatility averaged 40.7%, placing in the 45.4% IV rank vs the trailing year. The 30-day expected move averaged 12.5%. IV traded above realized volatility by 16.0% (HV 20d: 24.8%). Max pain ranged from $25.00 to $27.50. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 1.37.

Notable Days

  • 2016-04-29: Highest Volume — 3,356 contracts
  • 2016-04-13: Largest IV spike — 13.2% change
  • 2016-04-27: Highest IV Rank — 72.7%
  • 2016-04-27: Largest Expected Move — 15.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.42$24.50$26.64$25.62$25.35
Max Pain$27.38$25.00$27.50$25.00$27.50
ATM IV40.7%30.7%53.0%30.7%51.1%
Expected Move12.5%8.8%15.2%8.8%14.6%
HV 20d24.8%21.4%26.8%26.8%25.6%
HV 60d37.6%35.7%39.2%39.2%35.9%
IV Rank45.4%23.0%72.7%23.0%68.5%
IV Percentile67.7%31.0%96.4%31.0%93.3%
Term Structure-6.7%-16.3%10.0%10.0%-11.0%
VWIV44.0%34.4%51.7%34.4%51.7%
Skew 25d3.4%-3.9%5.8%-3.9%4.6%
Skew 10d6.8%-4.8%18.0%-4.8%1.5%
Call IV 25d42.6%35.0%49.3%35.0%49.3%
Put IV 25d45.9%31.1%53.9%31.1%53.9%
Bid-Ask Spread %72.1259.9099.7099.7079.05
Gamma HHI0.550.480.640.640.49
Net GEX-166.1K-230.1K-133.4K-147.0K-213.7K
Net DEX5.2M3.2M6.8M5.1M6.6M
Net VEX-43.9K-49.8K-39.5K-42.5K-49.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.370.781.860.791.02
Total Volume2,271.2862,0313,3562,2443,356
Total OI11,115.198,92412,64411,65011,332

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-04-01$25.62$25.0030.7%8.8%26.8%23.0%34.4%-3.9%10.0%-147.0K5.1M-42.5K0.7999.70N/AN/A1,2569885,9365,714
2016-04-04$25.34$27.5032.8%11.9%26.6%27.7%40.4%2.1%-5.2%-133.4K5.1M-41.9K0.7868.23N/AN/A1,2499806,0065,717
2016-04-05$25.15$27.5033.7%11.9%24.2%29.6%41.0%3.5%-6.3%-136.9K5.6M-40.3K0.8166.63N/AN/A1,2179806,0065,709
2016-04-06$25.61$27.5034.2%12.0%24.2%30.8%41.8%4.4%-6.7%-144.6K4.5M-41.3K1.0962.98N/AN/A1,1391,2436,0085,591
2016-04-07$25.15$27.5032.7%12.3%24.7%27.5%43.1%2.6%-6.1%-139.8K5.5M-42.5K1.2760.21N/AN/A9651,2246,1085,898
2016-04-08$24.92$27.5031.4%12.2%24.2%24.6%42.8%3.1%-6.5%-141.5K6.0M-42.3K1.4368.30N/AN/A8701,2416,2435,924
2016-04-11$24.76$27.5034.7%12.0%22.0%31.9%42.9%3.1%-5.7%-140.3K6.0M-41.2K1.3963.09N/AN/A8541,1836,3035,920
2016-04-12$24.50$27.5036.8%12.1%21.4%36.7%40.8%4.8%-6.7%-137.6K6.8M-39.5K1.2569.79N/AN/A9641,2076,2865,921
2016-04-13$25.29$27.5041.7%12.0%24.4%47.6%41.9%4.5%-6.4%-158.5K5.3M-42.0K1.2274.47N/AN/A9631,1776,3735,966
2016-04-14$25.21$27.5041.6%11.9%24.0%47.3%41.4%3.6%-6.3%-147.1K5.1M-42.5K1.2373.71N/AN/A1,0061,2406,4915,996
2016-04-15$24.68$27.5041.8%12.0%24.6%47.9%41.3%5.8%-7.2%-133.8K6.8M-40.1K1.2366.59N/AN/A9711,1986,6805,964
2016-04-18$24.80$27.5042.0%12.0%23.9%48.2%42.2%1.3%-5.1%-133.9K5.6M-40.9K1.6559.90N/AN/A8121,3403,7275,197
2016-04-19$25.08$27.5042.9%12.3%24.5%50.2%44.7%4.6%-5.3%-159.6K5.5M-43.4K1.8667.20N/AN/A7871,4613,8575,475
2016-04-20$25.50$27.5043.4%12.4%25.4%51.3%44.0%3.5%-6.2%-173.7K4.7M-45.5K1.6073.08N/AN/A7811,2503,9345,595
2016-04-21$25.83$27.5043.6%12.5%23.5%51.8%45.0%3.1%-6.4%-186.4K4.4M-46.1K1.8573.80N/AN/A7471,3833,9485,646
2016-04-22$26.64$27.5042.6%12.2%25.9%49.5%46.2%5.2%-6.6%-205.7K3.2M-47.7K1.6476.10N/AN/A8311,3653,9765,802
2016-04-25$26.28$27.5045.6%13.1%26.2%56.3%47.1%3.5%-8.3%-199.3K3.4M-48.5K1.4775.06N/AN/A8361,2334,0845,989
2016-04-26$26.03$27.5050.1%14.4%26.0%66.3%49.8%2.5%-11.6%-208.7K4.6M-47.6K1.6378.30N/AN/A7921,2934,1016,262
2016-04-27$26.20$27.5053.0%15.2%25.7%72.7%50.6%5.7%-16.3%-216.5K4.4M-48.0K1.8284.18N/AN/A9431,7154,1286,375
2016-04-28$25.85$27.5049.1%14.1%26.1%64.2%50.3%3.0%-10.0%-230.1K5.7M-49.8K1.7774.10N/AN/A9581,6994,2696,962
2016-04-29$25.35$27.5051.1%14.6%25.6%68.5%51.7%4.6%-11.0%-213.7K6.6M-49.4K1.0279.05N/AN/A1,6641,6924,3376,995