TDC Options History — July 2017

In July 2017, TDC traded between $28.39 and $31.91. ATM implied volatility averaged 31.2%, placing in the 31.1% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 12.5% (HV 20d: 18.7%). Max pain ranged from $27.50 to $30.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.70.

Notable Days

  • 2017-07-13: Highest Volume — 4,342 contracts
  • 2017-07-27: Largest IV drop — 41.6% change
  • 2017-07-26: Highest IV Rank — 49.3%
  • 2017-07-26: Largest Expected Move — 11.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.57$28.39$31.91$29.61$31.91
Max Pain$29.75$27.50$30.00$27.50$30.00
ATM IV31.2%21.8%39.6%23.0%22.3%
Expected Move9.5%6.3%11.4%6.6%6.4%
HV 20d18.7%12.7%30.1%12.7%30.0%
HV 60d24.2%17.8%26.2%25.4%23.3%
IV Rank31.1%10.7%49.3%13.2%11.6%
IV Percentile59.8%11.9%85.3%21.8%14.3%
Term Structure-4.6%-10.4%9.2%9.2%-0.1%
VWIV33.2%22.6%40.0%23.2%22.6%
Skew 25d3.5%1.3%7.4%1.3%7.4%
Skew 10d7.4%0.6%19.2%1.2%19.2%
Call IV 25d32.0%19.3%40.0%24.7%19.3%
Put IV 25d35.5%24.3%43.5%26.0%26.7%
Bid-Ask Spread %17.4710.0462.3314.4912.85
Gamma HHI0.470.260.740.480.37
Net GEX769.3K171.2K1.7M763.4K652.5K
Net DEX-5.3M-16.1M1.5M-4.7M-16.1M
Net VEX-70.7K-78.1K-65.4K-76.7K-67.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.042.330.291.06
Total Volume1,167.554474,3427441,045
Total OI19,572.917,58022,40318,79419,003

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-07-03$29.61$27.5023.0%6.6%12.7%13.2%23.2%1.3%9.2%763.4K-4.7M-76.7K0.2914.49N/AN/A57516910,7128,082
2017-07-05$29.28$27.5023.9%6.9%13.1%15.2%26.4%5.7%9.1%615.7K-2.4M-75.2K0.3762.33N/AN/A45716910,6178,084
2017-07-06$28.39$30.0027.1%10.0%17.7%22.2%34.3%4.1%-5.3%171.2K1.5M-66.3K0.3515.49N/AN/A48616910,6178,084
2017-07-07$28.44$30.0025.3%10.0%17.7%18.3%33.0%3.5%-5.8%176.7K1.4M-65.5K0.3412.30N/AN/A47416110,6198,052
2017-07-10$28.64$30.0027.6%10.5%17.8%23.2%35.8%4.5%-7.7%258.0K975.5K-66.3K0.3812.61N/AN/A49318910,6218,044
2017-07-11$28.75$30.0026.7%10.4%17.7%21.3%34.3%4.2%-7.1%370.3K455.3K-65.4K0.3412.93N/AN/A56018910,6058,030
2017-07-12$28.98$30.0034.4%9.9%17.4%38.0%34.2%2.4%-6.3%556.5K-516.9K-67.0K0.4810.04N/AN/A33116010,6288,030
2017-07-13$29.31$30.0033.9%9.7%17.8%36.9%33.7%2.6%-6.0%892.3K-2.5M-67.3K0.0416.60N/AN/A4,18415810,6298,047
2017-07-14$29.53$30.0034.3%9.8%17.9%37.7%34.9%2.8%-6.1%1.5M-8.1M-78.1K0.2216.41N/AN/A66514513,8718,060
2017-07-17$29.46$30.0036.2%10.4%17.9%41.9%36.7%3.0%-8.5%1.5M-7.6M-74.9K0.4616.53N/AN/A30614113,8718,059
2017-07-18$29.39$30.0035.9%10.3%17.5%41.2%36.5%2.7%-7.5%1.4M-6.5M-72.4K0.4410.66N/AN/A32414213,8648,059
2017-07-19$29.40$30.0038.1%10.9%17.4%45.9%38.3%2.5%-10.4%1.5M-6.8M-71.4K0.1915.37N/AN/A74514313,8988,059
2017-07-20$29.49$30.0038.0%10.9%16.6%45.8%38.0%2.5%-9.8%1.7M-6.5M-71.8K0.1616.63N/AN/A1,11217814,0108,057
2017-07-21$29.24$30.0036.6%10.5%16.5%42.7%36.7%3.3%-9.2%467.3K-4.6M-70.8K1.2711.11N/AN/A60476714,3058,098
2017-07-24$29.24$30.0038.0%10.9%15.2%45.8%38.2%4.5%-7.3%465.8K-4.0M-73.1K2.3312.69N/AN/A34079310,2827,298
2017-07-25$29.69$30.0038.7%11.1%16.3%47.3%38.3%3.5%-7.0%511.5K-6.1M-73.7K1.2113.24N/AN/A64077410,3707,378
2017-07-26$29.45$30.0039.6%11.4%16.5%49.3%40.0%3.4%-8.3%492.5K-5.2M-72.5K1.6336.45N/AN/A7961,29910,5617,386
2017-07-27$31.63$30.0023.2%6.6%30.1%13.6%26.8%2.5%1.5%607.6K-14.4M-69.4K1.1517.42N/AN/A1,1831,35810,6477,936
2017-07-28$31.52$30.0021.8%6.3%30.1%10.7%22.6%3.6%0.2%750.6K-15.3M-69.0K1.3713.20N/AN/A39153611,0807,805
2017-07-31$31.91$30.0022.3%6.4%30.0%11.6%22.6%7.4%-0.1%652.5K-16.1M-67.4K1.0612.85N/AN/A50853711,0857,918