TDC Options History — January 2018

In January 2018, TDC traded between $37.78 and $41.31. ATM implied volatility averaged 36.5%, placing in the 42.5% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded above realized volatility by 22.0% (HV 20d: 14.5%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 2.22.

Notable Days

  • 2018-01-30: Highest Volume — 5,333 contracts
  • 2018-01-10: Largest IV spike — 75.5% change
  • 2018-01-31: Highest IV Rank — 83.9%
  • 2018-01-31: Largest Expected Move — 15.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.20$37.78$41.31$38.50$40.53
Max Pain$38.21$35.00$40.00$35.00$40.00
ATM IV36.5%19.9%55.6%22.4%55.6%
Expected Move11.3%6.4%15.9%6.4%15.9%
HV 20d14.5%10.9%18.0%17.1%18.0%
HV 60d29.5%19.3%30.4%30.4%19.3%
IV Rank42.5%6.4%83.9%12.0%83.9%
IV Percentile71.2%2.0%98.8%27.8%98.8%
Term Structure-7.7%-14.3%13.1%13.1%-12.4%
VWIV41.4%17.9%56.4%29.2%56.4%
Skew 25d4.7%1.4%6.7%2.5%2.1%
Skew 10d10.9%2.3%17.6%11.5%5.8%
Call IV 25d37.8%20.1%54.7%20.8%54.7%
Put IV 25d42.6%21.5%56.8%23.3%56.8%
Bid-Ask Spread %30.618.4775.508.4738.13
Gamma HHI0.540.390.730.580.73
Net GEX282.9K81.2K477.2K416.4K345.1K
Net DEX-9.9M-14.0M-2.7M-13.2M-9.3M
Net VEX-15.2K-28.9K-12.3K-17.6K-28.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.220.074.662.470.22
Total Volume1,333.1433805,3331,1923,177
Total OI10,561.3332,40015,64314,9905,507

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-01-02$38.50$35.0022.4%6.4%17.1%12.0%29.2%2.5%13.1%416.4K-13.2M-17.6K2.478.47N/AN/A3448486,0438,947
2018-01-03$38.67$35.0022.3%6.4%17.1%11.6%17.9%1.4%12.7%430.8K-13.6M-17.0K2.6621.79N/AN/A3248616,0498,954
2018-01-04$38.65$37.5022.1%10.5%16.2%11.2%37.1%5.4%-7.6%432.5K-13.5M-16.6K2.6916.02N/AN/A3248706,0548,971
2018-01-05$38.83$37.5019.9%10.0%11.5%6.4%36.6%5.5%-7.3%455.1K-13.9M-15.9K2.2217.61N/AN/A3928706,0548,983
2018-01-08$38.80$37.5019.9%10.2%11.4%6.5%38.9%5.7%-7.5%474.8K-14.0M-15.2K2.2417.85N/AN/A3888706,1298,984
2018-01-09$38.40$37.5021.9%10.9%10.9%10.8%39.3%4.1%-9.1%414.5K-13.3M-14.7K2.1214.61N/AN/A4168806,1728,984
2018-01-10$37.97$37.5038.4%11.0%11.4%46.5%37.0%5.3%-9.9%348.9K-12.5M-14.7K2.3519.85N/AN/A3768836,1848,974
2018-01-11$38.17$37.5037.8%10.8%11.4%45.4%36.6%4.5%-8.3%350.8K-12.8M-14.1K2.3973.43N/AN/A3708836,1948,974
2018-01-12$38.32$37.5037.6%10.8%10.9%45.0%37.6%4.5%-8.3%384.6K-13.1M-13.9K2.6875.50N/AN/A3298836,1958,974
2018-01-16$37.78$37.5038.9%11.2%11.8%47.7%39.9%5.3%-9.2%293.7K-12.3M-12.8K2.8369.43N/AN/A3158936,1868,974
2018-01-17$38.82$37.5039.1%11.2%15.4%48.2%40.5%4.8%-10.4%477.2K-13.9M-12.8K4.6623.16N/AN/A2941,3706,1608,944
2018-01-18$38.83$37.5039.5%11.3%13.8%49.0%41.5%5.6%-10.4%354.9K-13.7M-12.9K2.9817.71N/AN/A2948776,2019,416
2018-01-19$39.09$37.5039.6%11.3%13.9%49.2%41.8%5.1%-10.8%119.4K-14.0M-12.3K4.2318.48N/AN/A2751,1636,2229,421
2018-01-22$38.85$40.0041.9%12.0%14.0%54.2%46.7%5.5%-8.7%89.9K-2.7M-13.1K1.9920.56N/AN/A1342671,624776
2018-01-23$39.82$40.0042.8%12.3%16.4%56.1%44.2%5.1%-9.6%97.9K-3.3M-13.4K0.8823.77N/AN/A2021781,666798
2018-01-24$39.93$40.0042.4%12.2%16.2%55.4%46.5%4.6%-9.6%98.0K-3.4M-14.2K2.1621.07N/AN/A1403031,733872
2018-01-25$40.17$40.0042.6%12.2%16.3%55.8%48.3%6.7%-9.9%86.8K-3.4M-15.1K1.9418.67N/AN/A1563031,7441,071
2018-01-26$40.84$40.0043.4%12.4%17.1%57.4%49.3%6.2%-10.5%97.3K-3.9M-14.7K1.5729.86N/AN/A2163391,7651,071
2018-01-29$41.31$40.0046.7%13.4%16.9%64.6%50.0%5.9%-13.0%92.0K-4.1M-14.2K1.3346.60N/AN/A2823741,7641,114
2018-01-30$40.96$40.0051.6%14.8%17.4%75.1%53.8%3.6%-14.3%81.2K-3.9M-14.5K0.0750.34N/AN/A4,9853481,7741,166
2018-01-31$40.53$40.0055.6%15.9%18.0%83.9%56.4%2.1%-12.4%345.1K-9.3M-28.9K0.2238.13N/AN/A2,6085694,3031,204