TDC Options History — March 2018

In March 2018, TDC traded between $38.20 and $42.65. ATM implied volatility averaged 25.7%, placing in the 14.0% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded below realized volatility by 8.5% (HV 20d: 34.2%). Max pain ranged from $35.00 to $37.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 1.03.

Notable Days

  • 2018-03-05: Highest Volume — 1,816 contracts
  • 2018-03-12: Largest IV spike — 15.8% change
  • 2018-03-01: Highest IV Rank — 18.1%
  • 2018-03-01: Largest Expected Move — 8.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.17$38.20$42.65$38.20$39.71
Max Pain$36.55$35.00$37.50$37.50$37.50
ATM IV25.7%22.5%28.3%28.3%26.4%
Expected Move7.3%6.4%8.1%8.1%7.6%
HV 20d34.2%26.7%46.8%41.2%32.9%
HV 60d29.9%27.6%31.9%27.6%31.9%
IV Rank14.0%8.9%18.1%18.1%15.1%
IV Percentile59.6%26.6%73.4%73.4%64.3%
Term Structure6.3%-3.3%11.4%-3.3%10.5%
VWIV26.5%24.1%29.8%28.5%27.7%
Skew 25d3.5%1.6%6.7%6.7%3.7%
Skew 10d7.7%1.6%24.7%16.1%4.8%
Call IV 25d24.4%22.3%28.1%24.6%25.9%
Put IV 25d27.9%24.6%32.3%31.3%29.7%
Bid-Ask Spread %22.2012.4956.8328.7918.14
Gamma HHI0.440.280.790.740.32
Net GEX593.4K206.1K1.1M633.2K242.5K
Net DEX-11.1M-19.8M-2.6M-4.2M-3.6M
Net VEX-17.2K-27.0K-13.0K-24.8K-13.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.030.151.891.141.41
Total Volume777.195361,8161,028663
Total OI6,711.0953,7918,9998,6504,209

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-03-01$38.20$37.5028.3%8.1%41.2%18.1%28.5%6.7%-3.3%633.2K-4.2M-24.8K1.1428.79N/AN/A4815475,9752,675
2018-03-02$39.28$37.5026.9%7.7%41.8%15.9%26.9%5.3%-1.9%917.7K-8.2M-27.0K0.3630.64N/AN/A6532385,9422,684
2018-03-05$41.63$35.0025.0%6.9%46.8%12.9%25.7%3.1%4.5%908.5K-17.6M-22.4K0.1518.30N/AN/A1,5822346,0332,722
2018-03-06$41.91$35.0025.6%7.4%46.6%13.9%25.9%3.2%3.7%954.8K-18.5M-22.2K0.5817.49N/AN/A7994606,2912,708
2018-03-07$41.58$35.0025.9%7.4%46.2%14.3%26.0%3.6%3.7%1.0M-17.0M-23.0K0.4818.96N/AN/A5532636,2832,716
2018-03-08$41.71$35.0023.6%7.1%46.1%10.6%26.4%4.1%4.8%1.0M-17.1M-21.3K1.0517.19N/AN/A2832976,1692,720
2018-03-09$42.40$35.0023.4%7.1%36.7%10.3%26.3%3.1%4.5%893.9K-19.4M-18.6K0.6719.45N/AN/A3782526,0992,757
2018-03-12$42.65$35.0027.1%6.9%26.7%16.1%25.3%4.1%4.4%815.1K-19.8M-16.2K0.7913.48N/AN/A3412705,9652,802
2018-03-13$42.29$35.0026.2%7.0%27.1%14.7%25.6%3.0%4.9%916.9K-18.6M-16.1K0.6712.49N/AN/A3372255,8902,807
2018-03-14$42.48$35.0024.5%7.0%27.1%12.1%24.5%3.5%4.3%881.2K-18.6M-14.8K0.4324.82N/AN/A8123525,7162,808
2018-03-15$42.41$37.5023.4%6.7%27.2%10.4%25.6%2.9%5.1%1.1M-16.6M-15.1K0.6413.62N/AN/A4723045,3682,940
2018-03-16$42.03$37.5022.5%6.4%27.8%8.9%24.1%1.6%6.2%239.7K-14.0M-14.5K0.4436.22N/AN/A6863055,1522,967
2018-03-19$42.49$37.5024.7%7.1%27.4%12.3%25.9%3.6%10.3%221.5K-6.6M-13.7K0.7523.46N/AN/A3142352,4801,311
2018-03-20$42.14$37.5024.0%6.9%27.8%11.2%26.2%3.4%9.9%255.0K-6.5M-14.3K1.8018.18N/AN/A2163892,5871,309
2018-03-21$41.95$37.5024.0%6.9%27.7%11.2%27.9%2.0%10.2%255.8K-6.3M-14.2K1.7656.83N/AN/A2013532,5801,511
2018-03-22$40.76$37.5027.1%7.8%30.5%16.1%27.2%3.2%9.2%251.7K-4.9M-14.7K1.6718.54N/AN/A2013352,5961,518
2018-03-23$39.96$37.5028.0%8.0%31.5%17.5%26.0%2.1%9.7%234.8K-4.0M-14.5K1.7724.67N/AN/A1973492,5961,512
2018-03-26$40.71$37.5027.5%7.9%31.9%16.8%26.8%4.3%9.5%257.2K-4.8M-13.7K1.4121.27N/AN/A2463482,5951,531
2018-03-27$39.57$37.5028.3%8.1%33.6%18.0%28.4%2.6%11.4%231.3K-3.4M-13.8K1.8918.74N/AN/A1973722,6501,554
2018-03-28$38.81$37.5028.0%8.0%34.5%17.6%29.8%4.1%10.8%206.1K-2.6M-13.0K1.8114.87N/AN/A2073742,6571,548
2018-03-29$39.71$37.5026.4%7.6%32.9%15.1%27.7%3.7%10.5%242.5K-3.6M-13.0K1.4118.14N/AN/A2753882,6591,550