TDC Options History — February 2018

In February 2018, TDC traded between $35.14 and $41.40. ATM implied volatility averaged 39.0%, placing in the 37.8% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 4.6% (HV 20d: 34.5%). Max pain ranged from $37.50 to $40.00. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 1.44.

Notable Days

  • 2018-02-08: Highest Volume — 5,345 contracts
  • 2018-02-07: Largest IV drop — 45.3% change
  • 2018-02-02: Highest IV Rank — 100.0%
  • 2018-02-05: Largest Expected Move — 13.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.66$35.14$41.40$41.40$36.79
Max Pain$38.29$37.50$40.00$40.00$37.50
ATM IV39.0%26.7%80.1%56.3%28.0%
Expected Move9.6%7.6%13.0%11.5%8.0%
HV 20d34.5%19.2%41.2%19.2%38.4%
HV 60d24.1%17.3%26.8%18.6%26.5%
IV Rank37.8%15.5%100.0%85.4%17.6%
IV Percentile81.5%69.4%100.0%99.2%73.0%
Term Structure-3.6%-9.1%-0.3%-7.3%-2.1%
VWIV34.4%27.9%46.2%41.2%30.9%
Skew 25d5.6%2.5%11.5%5.2%3.6%
Skew 10d15.0%5.3%28.4%12.7%11.1%
Call IV 25d32.3%24.8%46.1%37.9%27.7%
Put IV 25d37.9%30.6%49.5%43.1%31.3%
Bid-Ask Spread %29.0815.6468.1537.7017.96
Gamma HHI0.520.330.710.710.55
Net GEX248.7K-186.4K571.0K448.9K236.8K
Net DEX-3.0M-14.3M4.9M-12.8M-262.8K
Net VEX-28.5K-40.9K-21.9K-35.5K-21.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.440.342.810.342.31
Total Volume1,661.1587315,3452,150999
Total OI9,632.5796,93712,3556,9378,671

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-02-01$41.40$40.0056.3%11.5%19.2%85.4%41.2%5.2%-7.3%448.9K-12.8M-35.5K0.3437.70N/AN/A1,5995515,4711,466
2018-02-02$40.83$40.0067.0%12.3%20.1%100.0%43.1%4.1%-8.0%544.8K-14.3M-40.9K0.3524.37N/AN/A1,5705436,5351,575
2018-02-05$40.42$40.0074.7%13.0%20.6%100.0%45.8%4.2%-9.1%571.0K-13.5M-39.8K0.4034.88N/AN/A1,4455736,8061,607
2018-02-06$39.73$40.0080.1%13.0%21.7%100.0%46.2%5.8%-7.6%527.9K-11.4M-39.0K1.0368.15N/AN/A5745936,7211,647
2018-02-07$40.21$40.0043.8%12.6%21.6%42.6%45.1%2.5%-8.2%548.1K-12.1M-38.4K2.2363.47N/AN/A1,5143,3836,6061,844
2018-02-08$37.36$40.0031.1%8.9%34.3%22.5%31.3%5.4%-1.1%226.4K-744.7K-32.7K1.5140.40N/AN/A2,1263,2197,7194,636
2018-02-09$35.14$37.5041.2%11.8%40.4%38.5%37.8%11.5%-6.3%-92.8K4.9M-28.0K1.1932.63N/AN/A5246257,8464,209
2018-02-12$35.86$37.5034.2%9.8%41.2%27.4%32.4%6.9%-4.0%-186.4K3.8M-25.6K1.1725.44N/AN/A4365087,8364,148
2018-02-13$36.21$37.5033.4%9.6%41.2%26.1%32.2%7.3%-3.9%-185.6K2.0M-25.1K2.8120.18N/AN/A2908147,7153,902
2018-02-14$36.74$37.5029.2%8.4%40.3%19.5%30.2%6.9%-2.5%-71.4K802.2K-26.2K1.4924.67N/AN/A5117597,7384,163
2018-02-15$37.00$37.5028.9%8.3%40.4%19.0%29.4%5.8%-2.1%72.5K-440.8K-26.5K1.5115.64N/AN/A5057627,9534,120
2018-02-16$36.73$37.5027.5%7.9%40.3%16.8%30.2%5.8%-1.0%327.8K733.5K-24.1K1.7816.68N/AN/A3916978,0004,156
2018-02-20$36.75$37.5027.6%7.9%40.3%17.0%27.9%6.1%-0.3%278.0K-292.0K-23.2K1.1018.27N/AN/A4134535,7882,352
2018-02-21$36.50$37.5029.3%8.4%39.0%19.6%30.3%4.9%-2.3%268.6K-106.9K-23.0K1.6835.61N/AN/A2734585,9272,361
2018-02-22$36.64$37.5027.3%7.8%39.0%16.5%28.7%4.8%-0.4%266.8K-124.4K-22.3K1.2320.57N/AN/A5206425,8852,365
2018-02-23$37.19$37.5027.4%7.9%39.5%16.7%30.8%6.4%-1.0%338.5K-1.2M-24.6K2.0715.66N/AN/A2845895,7192,556
2018-02-26$37.28$37.5026.7%7.6%38.8%15.5%29.5%5.8%-1.1%348.1K-1.3M-22.7K1.0024.23N/AN/A7007035,7632,556
2018-02-27$36.85$37.5027.5%7.9%38.4%16.8%30.5%4.4%-1.0%256.6K-510.6K-22.8K2.2515.96N/AN/A3137035,9822,675
2018-02-28$36.79$37.5028.0%8.0%38.4%17.6%30.9%3.6%-2.1%236.8K-262.8K-21.9K2.3117.96N/AN/A3026975,9962,675