TDC Options History — March 2017

In March 2017, TDC traded between $30.30 and $31.55. ATM implied volatility averaged 22.5%, placing in the 7.1% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 1.1% (HV 20d: 21.4%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 22 of 23 days. Put/call ratio averaged 3.27.

Notable Days

2017-03-06: Highest Volume — 7,190 contracts
2017-03-14: Largest IV spike — 52.5% change
2017-03-14: Highest IV Rank — 27.3%
2017-03-14: Largest Expected Move — 7.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$30.97	$30.30	$31.55	$31.55	$31.24
Max Pain	$30.00	$30.00	$30.00	$30.00	$30.00
ATM IV	22.5%	19.1%	31.1%	22.9%	22.0%
Expected Move	6.6%	6.1%	7.0%	6.6%	6.3%
HV 20d	21.4%	12.5%	36.0%	35.3%	12.5%
HV 60d	25.4%	23.4%	26.9%	26.6%	23.4%
IV Rank	7.1%	0.0%	27.3%	2.9%	6.6%
IV Percentile	6.4%	0.0%	55.6%	2.8%	4.0%
Term Structure	7.7%	-0.8%	11.3%	-0.8%	10.3%
VWIV	21.6%	14.8%	24.3%	22.9%	14.8%
Skew 25d	1.9%	-1.7%	4.8%	3.2%	3.1%
Skew 10d	4.1%	-1.2%	13.6%	4.5%	4.9%
Call IV 25d	21.9%	18.2%	23.9%	23.3%	18.2%
Put IV 25d	23.8%	20.0%	26.5%	26.5%	21.3%
Bid-Ask Spread %	61.76	16.94	88.07	19.50	78.79
Gamma HHI	0.26	0.21	0.30	0.23	0.30
Net GEX	246.1K	150.1K	337.8K	226.3K	337.8K
Net DEX	-3.0M	-4.3M	-802.4K	-4.3M	-4.3M
Net VEX	-100.9K	-106.9K	-96.0K	-106.9K	-97.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.27	1.85	13.29	2.42	13.29
Total Volume	6,495.522	5,117	7,190	7,170	5,117
Total OI	16,612.087	15,982	17,184	16,597	16,378

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2017-03-01	$31.55	$30.00	22.9%	6.6%	35.3%	2.9%	22.9%	3.2%	-0.8%	226.3K	-4.3M	-106.9K	2.42	19.50	N/A	N/A	2,098	5,072	8,432	8,165
2017-03-02	$31.07	$30.00	23.2%	6.6%	35.9%	3.3%	23.6%	1.1%	2.0%	200.5K	-3.1M	-105.3K	2.22	16.94	N/A	N/A	2,094	4,641	8,433	8,167
2017-03-03	$31.47	$30.00	21.2%	6.1%	36.0%	0.0%	20.6%	2.3%	0.9%	230.9K	-4.1M	-105.6K	2.31	27.83	N/A	N/A	2,017	4,665	8,438	8,172
2017-03-06	$31.34	$30.00	19.1%	6.6%	35.9%	0.0%	22.7%	2.2%	6.7%	215.2K	-3.5M	-104.0K	1.85	24.87	N/A	N/A	2,524	4,666	8,467	8,209
2017-03-07	$31.10	$30.00	21.7%	6.9%	35.7%	5.9%	24.3%	1.7%	6.4%	268.4K	-3.3M	-105.7K	2.34	23.38	N/A	N/A	1,996	4,666	8,868	8,203
2017-03-08	$30.98	$30.00	21.0%	6.8%	35.8%	4.3%	22.6%	1.2%	7.1%	258.1K	-3.3M	-104.7K	2.35	23.38	N/A	N/A	1,985	4,666	8,868	8,221
2017-03-09	$31.11	$30.00	20.5%	6.9%	35.7%	3.2%	22.7%	2.9%	6.1%	267.0K	-3.2M	-104.0K	2.36	78.41	N/A	N/A	1,976	4,666	8,872	8,221
2017-03-10	$31.36	$30.00	22.0%	6.3%	19.4%	6.5%	22.4%	2.2%	7.2%	299.0K	-4.2M	-104.2K	2.30	68.32	N/A	N/A	2,027	4,666	8,868	8,221
2017-03-13	$31.02	$30.00	20.4%	6.8%	16.1%	2.9%	23.4%	1.2%	6.8%	269.2K	-3.2M	-101.6K	2.31	72.21	N/A	N/A	2,019	4,666	8,909	8,221
2017-03-14	$31.04	$30.00	31.1%	7.0%	16.0%	27.3%	23.6%	2.8%	6.2%	274.9K	-3.0M	-101.2K	2.18	79.95	N/A	N/A	2,142	4,666	8,895	8,227
2017-03-15	$31.17	$30.00	24.4%	7.0%	16.0%	12.0%	22.3%	4.8%	5.7%	276.2K	-3.3M	-100.9K	2.10	88.07	N/A	N/A	2,222	4,657	8,954	8,203
2017-03-16	$31.22	$30.00	23.6%	6.8%	16.0%	10.2%	23.2%	4.1%	6.8%	284.5K	-3.7M	-101.2K	2.06	70.74	N/A	N/A	2,258	4,654	8,959	8,204
2017-03-17	$30.81	$30.00	21.7%	6.2%	15.2%	6.0%	21.7%	-1.7%	8.4%	255.5K	-3.5M	-99.7K	2.06	74.81	N/A	N/A	2,269	4,667	9,073	8,111
2017-03-20	$30.95	$30.00	22.5%	6.5%	15.3%	7.7%	22.1%	-0.6%	10.4%	259.8K	-2.6M	-98.3K	3.72	60.44	N/A	N/A	1,241	4,617	8,081	7,910
2017-03-21	$30.30	$30.00	22.7%	6.5%	14.8%	8.0%	22.4%	0.7%	10.8%	193.6K	-1.0M	-97.1K	3.84	65.56	N/A	N/A	1,214	4,667	8,115	7,915
2017-03-22	$30.33	$30.00	22.5%	6.5%	14.5%	7.7%	21.3%	2.9%	10.7%	183.9K	-802.4K	-97.3K	3.20	76.21	N/A	N/A	1,606	5,134	8,223	7,958
2017-03-23	$30.44	$30.00	23.2%	6.7%	14.6%	9.3%	22.2%	2.9%	10.3%	196.0K	-1.5M	-96.0K	3.28	80.53	N/A	N/A	1,568	5,150	8,171	7,811
2017-03-24	$30.45	$30.00	22.9%	6.5%	14.6%	8.5%	21.7%	-1.0%	10.6%	185.6K	-1.7M	-98.1K	3.93	79.81	N/A	N/A	1,304	5,131	8,232	7,832
2017-03-27	$30.47	$30.00	23.4%	6.7%	14.5%	9.7%	18.2%	4.0%	10.3%	150.1K	-1.1M	-96.6K	3.91	80.17	N/A	N/A	1,205	4,713	8,258	7,824
2017-03-28	$30.77	$30.00	22.5%	6.5%	14.8%	7.8%	16.7%	1.9%	11.1%	233.1K	-2.7M	-98.1K	3.93	79.16	N/A	N/A	1,212	4,762	8,352	7,838
2017-03-29	$30.96	$30.00	22.1%	6.3%	14.0%	6.7%	19.2%	1.7%	11.2%	266.6K	-3.0M	-98.0K	3.81	77.37	N/A	N/A	1,251	4,762	8,380	7,879
2017-03-30	$31.22	$30.00	21.8%	6.2%	13.3%	6.1%	21.3%	0.8%	11.3%	327.6K	-4.0M	-98.1K	3.55	74.15	N/A	N/A	1,340	4,758	8,461	7,879
2017-03-31	$31.24	$30.00	22.0%	6.3%	12.5%	6.6%	14.8%	3.1%	10.3%	337.8K	-4.3M	-97.4K	13.29	78.79	N/A	N/A	358	4,759	8,493	7,885