TDC Options History — July 2016

In July 2016, TDC traded between $24.78 and $28.71. ATM implied volatility averaged 38.9%, placing in the 34.3% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded below realized volatility by 2.4% (HV 20d: 41.4%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.83.

Notable Days

  • 2016-07-05: Highest Volume — 1,612 contracts
  • 2016-07-11: Largest IV spike — 45.0% change
  • 2016-07-29: Highest IV Rank — 54.8%
  • 2016-07-29: Largest Expected Move — 13.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.14$24.78$28.71$25.27$28.42
Max Pain$27.25$25.00$30.00$30.00$27.50
ATM IV38.9%25.3%47.2%29.9%47.2%
Expected Move12.0%8.6%13.5%8.6%13.5%
HV 20d41.4%23.5%48.8%44.3%24.2%
HV 60d39.9%39.4%40.2%39.5%39.4%
IV Rank34.3%0.0%54.8%13.9%54.8%
IV Percentile58.2%0.0%85.7%16.3%85.7%
Term Structure-5.8%-10.5%10.9%10.9%-10.5%
VWIV42.3%39.4%46.9%40.5%46.9%
Skew 25d4.6%1.6%12.6%12.6%5.1%
Skew 10d10.4%-2.9%23.8%23.8%6.0%
Call IV 25d40.8%28.3%45.2%28.3%45.2%
Put IV 25d45.4%40.9%50.2%40.9%50.2%
Bid-Ask Spread %81.1671.48100.22100.2284.91
Gamma HHI0.350.250.510.260.49
Net GEX89.3K-9.3K182.7K8.7K176.9K
Net DEX-507.8K-4.2M4.0M3.4M-3.8M
Net VEX-40.7K-47.8K-33.1K-35.8K-47.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.830.382.261.880.69
Total Volume1,014.455311,6121,453973
Total OI9,244.67,18710,7459,8049,215

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-07-01$25.27$30.0029.9%8.6%44.3%13.9%40.5%12.6%10.9%8.7K3.4M-35.8K1.88100.22N/AN/A5059485,5614,243
2016-07-05$24.78$27.5031.5%11.9%43.9%15.3%41.7%4.2%-6.5%9374.0M-33.1K2.2677.09N/AN/A4951,1175,5734,264
2016-07-06$25.12$27.5034.1%12.0%44.5%21.9%41.7%3.0%-5.6%-5.4K3.8M-34.5K0.7571.48N/AN/A4923675,5744,437
2016-07-07$25.22$27.5031.2%11.9%44.2%14.7%40.7%4.1%-5.6%-9.3K3.8M-34.6K0.9277.75N/AN/A3823515,5814,504
2016-07-08$25.96$27.5025.3%12.0%45.9%0.0%41.0%6.3%-6.6%9.5K3.0M-36.3K0.9479.85N/AN/A3853625,6004,539
2016-07-11$26.07$27.5036.6%12.3%45.0%28.5%42.5%6.3%-7.3%17.9K2.8M-36.0K0.9176.76N/AN/A3963625,6064,529
2016-07-12$27.14$25.0030.2%11.4%47.4%12.4%40.7%4.8%-6.0%10.9K942.9K-39.0K0.3881.67N/AN/A8663325,6264,529
2016-07-13$27.11$25.0040.2%11.5%47.3%37.3%39.5%3.2%-5.9%40.5K479.2K-39.6K0.4772.14N/AN/A7203366,0034,513
2016-07-14$27.34$25.0040.0%11.5%47.3%36.8%39.4%3.8%-5.1%27.5K-340.1K-41.3K0.6180.41N/AN/A5633416,2234,508
2016-07-15$27.17$27.5040.1%11.5%47.3%37.3%43.7%2.2%-6.0%119.3K1.0M-39.7K0.7184.33N/AN/A4813426,2274,518
2016-07-18$27.37$27.5041.2%11.8%47.0%40.0%43.1%5.4%-5.4%124.5K-2.3M-40.3K0.8973.67N/AN/A2952634,7062,481
2016-07-19$27.22$27.5041.1%11.8%46.5%39.7%41.3%3.6%-5.1%126.8K-2.1M-40.1K0.9376.87N/AN/A2752564,7942,517
2016-07-20$28.32$27.5042.3%12.1%48.8%42.5%40.8%6.2%-5.9%146.2K-3.4M-41.5K0.6279.72N/AN/A8455214,8282,549
2016-07-21$28.09$27.5042.5%12.2%48.6%43.3%41.3%3.1%-5.4%156.2K-3.2M-45.3K0.7184.19N/AN/A7355235,3612,889
2016-07-22$28.21$27.5043.3%12.4%47.9%45.1%42.8%4.1%-6.0%163.5K-3.4M-45.3K0.4779.08N/AN/A7893735,3812,892
2016-07-25$28.27$27.5045.2%13.0%36.6%49.9%44.3%1.6%-7.8%160.4K-3.4M-45.2K0.4383.95N/AN/A8023475,4813,036
2016-07-26$28.52$27.5045.0%12.9%23.7%49.5%44.7%3.5%-7.7%167.1K-3.7M-45.1K0.5585.96N/AN/A7584155,5323,096
2016-07-27$28.50$27.5045.3%13.0%23.6%50.3%44.4%2.0%-8.7%161.0K-3.7M-46.1K0.7490.82N/AN/A5604155,5843,261
2016-07-28$28.71$27.5046.6%13.4%23.5%53.5%45.4%6.9%-9.5%182.7K-4.2M-47.8K0.7382.29N/AN/A5774245,8383,293
2016-07-29$28.42$27.5047.2%13.5%24.2%54.8%46.9%5.1%-10.5%176.9K-3.8M-47.4K0.6984.91N/AN/A5773965,8823,333