TDC Options History — September 2017

In September 2017, TDC traded between $30.65 and $33.79. ATM implied volatility averaged 23.2%, placing in the 13.7% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 3.3% (HV 20d: 20.0%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 0.66.

Notable Days

  • 2017-09-14: Highest Volume — 2,224 contracts
  • 2017-09-11: Largest IV drop — 15.9% change
  • 2017-09-07: Highest IV Rank — 18.9%
  • 2017-09-25: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.43$30.65$33.79$32.19$33.79
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV23.2%18.6%25.6%18.6%23.3%
Expected Move6.6%5.3%7.2%5.3%6.7%
HV 20d20.0%15.2%21.7%15.2%20.7%
HV 60d22.6%21.0%23.1%21.0%21.8%
IV Rank13.7%3.6%18.9%3.6%13.8%
IV Percentile32.6%0.4%49.6%0.4%35.7%
Term Structure5.4%2.1%7.3%2.1%7.0%
VWIV23.2%18.4%25.3%18.4%23.1%
Skew 25d2.9%-0.5%8.0%-0.5%0.8%
Skew 10d6.1%-2.5%14.0%0.3%1.5%
Call IV 25d21.8%16.2%24.2%16.8%22.9%
Put IV 25d24.7%16.3%27.5%16.3%23.6%
Bid-Ask Spread %12.107.2417.8311.268.60
Gamma HHI0.280.190.330.220.31
Net GEX358.1K77.7K540.9K265.8K540.9K
Net DEX-6.6M-10.4M-1.5M-5.6M-10.4M
Net VEX-47.6K-51.7K-43.6K-48.3K-46.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.111.360.640.62
Total Volume634.253662,224434415
Total OI14,697.613,99615,32914,28915,133

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-09-01$32.19$30.0018.6%5.3%15.2%3.6%18.4%-0.5%2.1%265.8K-5.6M-48.3K0.6411.26N/AN/A2641707,0547,235
2017-09-05$31.72$30.0021.2%6.1%16.1%9.4%20.3%2.6%4.4%240.8K-4.6M-47.7K0.8015.70N/AN/A2101687,0817,231
2017-09-06$31.05$30.0022.6%6.7%17.3%12.4%23.3%1.9%3.6%195.2K-3.1M-47.0K0.2713.38N/AN/A5901617,0897,236
2017-09-07$30.65$30.0025.6%6.6%17.8%18.9%22.4%2.6%4.1%106.6K-1.5M-45.5K1.3612.84N/AN/A2032766,7577,239
2017-09-08$30.72$30.0024.8%6.6%16.6%17.1%22.6%2.8%4.1%77.7K-1.6M-45.8K1.2512.06N/AN/A2312886,7537,348
2017-09-11$31.80$30.0020.8%6.0%20.7%8.6%23.3%5.8%5.1%190.3K-3.6M-45.0K0.807.24N/AN/A3582886,7587,382
2017-09-12$31.91$30.0020.1%6.0%20.6%6.9%23.7%8.0%4.9%223.4K-3.9M-44.4K0.607.64N/AN/A3161916,7327,381
2017-09-13$31.61$30.0021.2%6.1%21.0%9.3%21.7%5.6%4.9%160.0K-3.2M-44.0K1.028.23N/AN/A1811856,7187,381
2017-09-14$32.01$30.0023.7%6.8%21.3%14.8%23.9%2.2%2.8%237.1K-4.0M-43.6K0.1110.35N/AN/A2,0002246,7167,394
2017-09-15$32.62$30.0023.2%6.6%20.9%13.6%23.3%2.2%4.5%356.4K-7.9M-50.7K0.159.88N/AN/A1,3142017,8937,436
2017-09-18$33.07$30.0024.3%7.0%20.7%16.2%23.6%2.8%6.0%497.0K-9.1M-50.4K0.3913.68N/AN/A5041997,9017,203
2017-09-19$32.99$30.0024.2%6.9%20.8%15.9%25.2%3.0%6.2%495.1K-8.8M-51.7K0.5612.17N/AN/A3662057,9297,214
2017-09-20$33.22$30.0024.1%6.9%20.7%15.7%23.7%2.4%7.3%513.2K-9.4M-49.6K0.7217.83N/AN/A2862057,9407,217
2017-09-21$32.90$30.0024.2%6.9%21.3%15.9%25.2%2.9%6.6%498.1K-8.6M-50.6K0.7810.68N/AN/A2511977,9347,217
2017-09-22$32.99$30.0024.2%6.9%21.2%15.9%21.0%3.9%6.4%511.0K-8.7M-50.6K0.5212.54N/AN/A3391777,9247,216
2017-09-25$32.84$30.0025.0%7.2%21.4%17.6%25.3%3.3%7.0%491.2K-7.9M-48.5K0.6314.86N/AN/A2791757,8417,239
2017-09-26$33.23$30.0024.6%7.1%21.6%16.7%24.5%2.2%7.2%516.6K-9.0M-47.6K0.6116.59N/AN/A2731667,7997,234
2017-09-27$33.59$30.0025.0%7.2%21.7%17.5%24.9%3.7%6.3%521.4K-10.0M-48.3K0.6817.00N/AN/A2401647,8407,245
2017-09-28$33.77$30.0023.7%6.8%21.7%14.7%23.7%0.5%6.5%525.1K-10.3M-47.1K0.679.43N/AN/A2551707,8627,250
2017-09-29$33.79$30.0023.3%6.7%20.7%13.8%23.1%0.8%7.0%540.9K-10.4M-46.1K0.628.60N/AN/A2561597,8787,255