TDC Options History — May 2017

In May 2017, TDC traded between $27.29 and $29.35. ATM implied volatility averaged 21.2%, placing in the 8.1% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded below realized volatility by 11.2% (HV 20d: 32.4%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 3.31.

Notable Days

  • 2017-05-01: Highest Volume — 3,725 contracts
  • 2017-05-10: Largest IV spike — 21.9% change
  • 2017-05-30: Highest IV Rank — 15.2%
  • 2017-05-30: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.77$27.29$29.35$29.08$27.29
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV21.2%16.9%23.9%20.2%23.2%
Expected Move6.1%5.7%6.9%5.8%6.7%
HV 20d32.4%19.3%36.2%35.9%22.8%
HV 60d25.4%23.4%30.0%30.0%25.2%
IV Rank8.1%0.0%15.2%2.3%13.7%
IV Percentile8.9%0.0%25.4%1.2%22.2%
Term Structure0.4%-1.0%1.4%0.9%-1.0%
VWIV21.2%18.6%23.8%21.2%23.3%
Skew 25d2.6%-1.6%5.9%3.4%0.0%
Skew 10d3.5%-4.2%7.1%6.7%0.8%
Call IV 25d19.6%16.7%23.4%19.9%19.3%
Put IV 25d22.2%19.3%23.3%23.3%19.3%
Bid-Ask Spread %16.608.7439.1326.349.47
Gamma HHI0.190.160.280.200.18
Net GEX129.9K-62.2K344.6K222.0K-62.2K
Net DEX1.3M78.8K4.0M244.4K4.0M
Net VEX-75.0K-81.4K-64.9K-78.6K-64.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.311.318.966.101.62
Total Volume1,603.2278053,7253,725884
Total OI15,765.72714,84016,84215,21515,012

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-05-01$29.08$30.0020.2%5.8%35.9%2.3%21.2%3.4%0.9%222.0K244.4K-78.6K6.1026.34N/AN/A5253,2008,3976,818
2017-05-02$29.09$30.0020.8%6.0%35.0%3.7%20.9%2.0%0.4%191.8K630.1K-81.4K8.9621.62N/AN/A3583,2098,4577,417
2017-05-03$29.11$30.0020.2%5.8%35.0%2.5%21.1%3.0%1.1%191.5K527.4K-81.3K7.9432.29N/AN/A4033,2008,4527,441
2017-05-04$29.08$30.0019.9%5.8%34.9%1.7%20.4%5.0%1.4%189.0K801.6K-78.5K7.6316.41N/AN/A4143,1588,4767,416
2017-05-05$29.35$30.0021.0%6.0%35.1%4.2%20.8%5.9%0.5%234.0K78.8K-80.0K2.7814.99N/AN/A3731,0378,4657,432
2017-05-08$29.16$30.0020.2%5.8%35.1%2.5%20.5%5.0%0.8%213.4K630.8K-78.7K3.1010.46N/AN/A3341,0358,5057,505
2017-05-09$29.07$30.0016.9%6.0%35.1%0.0%20.9%3.7%0.2%209.7K851.6K-77.2K2.7714.73N/AN/A3871,0718,5127,505
2017-05-10$29.02$30.0020.6%5.9%35.0%8.0%20.5%4.0%0.2%185.6K1.2M-77.0K2.759.89N/AN/A3931,0808,5407,555
2017-05-11$28.61$30.0022.5%6.4%35.3%12.1%20.7%1.3%-0.0%50.2K2.5M-73.6K2.5410.90N/AN/A4441,1278,5657,545
2017-05-12$28.90$30.0020.0%5.7%35.4%6.8%20.0%3.2%0.9%75.3K2.0M-74.8K2.7111.61N/AN/A4121,1178,7447,589
2017-05-15$29.26$30.0020.1%5.7%35.1%6.9%20.0%5.4%1.0%316.3K537.8K-76.8K3.5211.56N/AN/A2378348,7497,589
2017-05-16$29.26$30.0020.2%5.8%35.1%7.2%20.4%3.6%1.2%344.6K390.5K-76.0K1.7719.84N/AN/A4718348,9957,589
2017-05-17$28.34$30.0023.2%6.6%36.2%13.6%18.6%1.4%0.3%1.1K2.8M-72.5K1.7839.13N/AN/A4538059,0057,579
2017-05-18$28.10$30.0022.9%6.6%34.9%13.1%22.5%-1.6%0.3%-6.6K2.9M-73.3K1.3115.71N/AN/A5186789,1857,530
2017-05-19$28.56$30.0022.7%6.5%34.8%12.7%23.0%1.9%0.9%67.5K1.7M-73.1K2.1513.42N/AN/A3557639,3177,525
2017-05-22$28.95$30.0020.1%5.8%35.0%7.0%21.1%3.4%0.4%95.6K738.3K-73.6K2.6214.48N/AN/A2265927,4947,346
2017-05-23$28.71$30.0022.3%6.4%34.9%11.6%21.3%1.4%0.8%84.1K927.2K-73.2K2.6412.80N/AN/A2245927,5307,346
2017-05-24$28.37$30.0023.0%6.6%34.0%13.3%21.8%2.3%-0.2%40.7K1.9M-71.6K2.4719.88N/AN/A2325737,5327,346
2017-05-25$28.92$30.0020.4%5.9%19.3%7.7%21.7%2.2%0.4%108.2K607.7K-73.2K1.4613.95N/AN/A3985827,5667,346
2017-05-26$28.63$30.0022.5%6.4%19.3%12.1%22.0%2.7%-0.3%82.7K1.2M-70.6K2.1417.02N/AN/A2816017,6217,351
2017-05-30$28.19$30.0023.9%6.9%20.0%15.2%23.8%-0.9%-0.9%22.3K2.5M-69.7K2.018.74N/AN/A2865757,6047,353
2017-05-31$27.29$30.0023.2%6.7%22.8%13.7%23.3%0.0%-1.0%-62.2K4.0M-64.9K1.629.47N/AN/A3385467,6627,350