TDC Options History — May 2016

In May 2016, TDC traded between $24.39 and $28.37. ATM implied volatility averaged 35.9%, placing in the 34.7% IV rank vs the trailing year. The 30-day expected move averaged 10.1%. IV traded below realized volatility by 6.2% (HV 20d: 42.1%). Max pain ranged from $27.50 to $30.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 1.20.

Notable Days

  • 2016-05-06: Highest Volume — 8,088 contracts
  • 2016-05-05: Largest IV drop — 42.6% change
  • 2016-05-04: Highest IV Rank — 81.8%
  • 2016-05-04: Largest Expected Move — 16.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.75$24.39$28.37$25.34$28.37
Max Pain$28.81$27.50$30.00$27.50$27.50
ATM IV35.9%28.4%57.0%54.6%31.0%
Expected Move10.1%8.1%16.4%15.7%8.9%
HV 20d42.1%25.4%46.5%25.4%45.5%
HV 60d32.9%27.6%34.3%32.4%33.6%
IV Rank34.7%17.9%81.8%76.4%23.8%
IV Percentile43.8%15.9%98.0%98.0%26.2%
Term Structure-2.6%-15.1%1.2%-13.9%-0.2%
VWIV35.5%27.1%62.8%54.7%31.1%
Skew 25d3.6%0.5%10.0%4.3%5.0%
Skew 10d3.4%-9.0%14.9%-7.8%14.4%
Call IV 25d34.4%22.9%56.4%53.8%30.0%
Put IV 25d38.0%31.5%63.9%58.1%34.9%
Bid-Ask Spread %67.2627.1595.4978.8787.89
Gamma HHI0.410.220.690.500.22
Net GEX-233.7K-635.0K77.3K-165.6K5.8K
Net DEX5.7M-2.9M13.0M6.0M-256.3K
Net VEX-51.5K-65.0K-43.6K-49.1K-50.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.200.383.991.530.64
Total Volume2,523.8571,0168,0882,6861,527
Total OI15,912.9529,11520,81211,99210,166

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-05-02$25.34$27.5054.6%15.7%25.4%76.4%54.7%4.3%-13.9%-165.6K6.0M-49.1K1.5378.87N/AN/A1,0611,6254,9847,008
2016-05-03$25.04$27.5055.1%15.8%25.6%77.5%55.8%3.5%-14.0%-159.8K6.6M-47.3K1.6776.38N/AN/A1,0611,7715,0167,110
2016-05-04$24.39$27.5057.0%16.4%26.2%81.8%62.8%7.5%-15.1%-132.8K7.7M-44.7K3.9982.28N/AN/A1,3135,2455,0167,119
2016-05-05$26.35$27.5032.7%8.5%37.9%27.6%31.0%4.0%0.2%-380.7K4.3M-53.1K1.5882.87N/AN/A1,3052,0675,52710,771
2016-05-06$28.12$27.5036.2%9.9%43.6%35.4%33.8%3.2%-2.1%-309.6K-2.9M-52.5K1.5577.40N/AN/A3,1724,9165,57710,450
2016-05-09$27.23$30.0037.9%9.6%45.5%39.0%35.2%2.8%-1.8%-559.7K6.5M-65.0K0.6263.60N/AN/A1,3868586,93413,834
2016-05-10$27.74$30.0036.6%9.3%45.4%36.3%31.4%1.8%-0.5%-576.7K4.3M-63.3K0.6061.25N/AN/A1,3868306,96613,792
2016-05-11$27.56$30.0032.5%9.3%44.6%27.1%33.6%3.3%-0.8%-605.2K4.7M-62.2K0.6461.24N/AN/A1,0736856,98513,778
2016-05-12$27.30$30.0032.2%9.2%44.8%26.5%30.6%0.6%-1.1%-635.0K6.5M-61.4K0.6645.64N/AN/A1,0336847,01513,788
2016-05-13$26.49$30.0033.1%9.5%45.5%28.4%33.6%1.7%0.0%-543.4K10.5M-56.1K0.7039.71N/AN/A1,0027037,03113,781
2016-05-16$26.54$30.0033.0%9.5%45.5%28.1%34.9%2.9%-1.0%-509.0K9.8M-52.0K1.2134.50N/AN/A1,0041,2137,04613,759
2016-05-17$26.51$30.0033.2%9.5%45.5%28.6%33.2%2.9%-0.6%-482.8K10.8M-50.8K1.2128.67N/AN/A1,0041,2137,05113,571
2016-05-18$25.95$30.0037.0%10.6%45.9%37.0%33.5%2.9%-7.1%38.5K12.5M-45.8K0.7437.38N/AN/A1,0097497,03913,550
2016-05-19$25.88$30.0035.0%10.0%45.7%32.7%34.1%5.3%-2.3%77.3K13.0M-43.6K0.6727.15N/AN/A9936637,03713,659
2016-05-20$26.45$30.0033.6%9.6%45.0%29.4%31.2%0.7%1.2%-65.6K11.8M-46.9K2.1477.96N/AN/A1,2342,6467,04913,679
2016-05-23$26.64$30.0029.1%8.3%44.8%19.4%30.7%0.5%0.6%16.9K2.3M-44.7K0.3880.11N/AN/A1,1314314,7884,327
2016-05-24$26.57$27.5028.4%8.1%44.7%17.9%28.3%4.2%0.5%34.0K2.7M-44.1K1.0192.16N/AN/A5065104,9434,406
2016-05-25$27.60$27.5028.9%8.3%46.5%19.1%27.1%10.0%1.0%33.0K1.1M-47.5K1.6388.99N/AN/A6271,0204,9794,447
2016-05-26$27.71$27.5028.9%8.3%46.1%19.1%30.5%3.1%0.6%5.0K1.0M-50.7K0.9895.49N/AN/A5415305,1184,972
2016-05-27$27.94$27.5028.4%8.1%45.4%17.9%28.3%5.2%1.0%6.5K545.2K-50.7K1.0992.85N/AN/A6096655,1264,978
2016-05-31$28.37$27.5031.0%8.9%45.5%23.8%31.1%5.0%-0.2%5.8K-256.3K-50.7K0.6487.89N/AN/A9295985,1375,029