TDC Options History — April 2018

In April 2018, TDC traded between $39.19 and $41.74. ATM implied volatility averaged 38.1%, placing in the 33.6% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded above realized volatility by 14.4% (HV 20d: 23.7%). Max pain ranged from $37.50 to $42.50. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 2.39.

Notable Days

  • 2018-04-18: Highest Volume — 844 contracts
  • 2018-04-11: Largest IV spike — 40.3% change
  • 2018-04-30: Highest IV Rank — 51.6%
  • 2018-04-30: Largest Expected Move — 14.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.41$39.19$41.74$39.19$41.10
Max Pain$41.67$37.50$42.50$37.50$42.50
ATM IV38.1%28.2%49.5%30.5%49.5%
Expected Move11.5%8.4%14.2%8.7%14.2%
HV 20d23.7%17.7%31.8%31.8%17.7%
HV 60d32.0%31.6%32.2%32.0%31.6%
IV Rank33.6%17.9%51.6%21.5%51.6%
IV Percentile86.7%71.0%97.2%75.0%97.2%
Term Structure-7.5%-14.3%10.5%9.4%-14.3%
VWIV41.1%28.1%52.7%29.9%52.7%
Skew 25d5.7%2.8%7.8%3.9%6.0%
Skew 10d13.8%9.7%17.6%11.2%16.4%
Call IV 25d38.4%28.7%46.5%30.0%46.5%
Put IV 25d44.1%31.5%52.4%33.8%52.4%
Bid-Ask Spread %19.5712.2933.3819.0121.10
Gamma HHI0.320.230.440.330.23
Net GEX153.5K-43.2K294.9K231.9K-28.6K
Net DEX-2.8M-6.3M253.2K-2.9M-186.2K
Net VEX-10.7K-13.9K-8.2K-12.2K-9.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.391.085.171.743.06
Total Volume628.952400844723418
Total OI4,191.5242,1335,3874,3022,476

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-04-02$39.19$37.5030.5%8.7%31.8%21.5%29.9%3.9%9.4%231.9K-2.9M-12.2K1.7419.01N/AN/A2644592,7371,565
2018-04-03$39.55$37.5029.9%8.6%23.6%20.5%28.1%2.8%9.4%244.9K-3.2M-12.4K1.8219.64N/AN/A2524592,7381,606
2018-04-04$39.94$37.5029.2%8.4%23.8%19.5%30.7%4.7%10.5%249.7K-3.6M-12.4K1.8518.81N/AN/A2524662,7401,606
2018-04-05$39.99$42.5028.6%11.2%23.7%18.5%40.9%5.1%-7.4%266.9K-3.7M-11.9K1.8316.42N/AN/A2514602,7401,616
2018-04-06$39.48$42.5028.2%11.5%24.0%17.9%40.8%4.7%-8.3%208.6K-2.5M-13.9K1.8320.56N/AN/A2404402,7412,295
2018-04-09$39.44$42.5029.4%11.6%22.9%19.8%40.2%5.8%-8.7%217.2K-2.4M-12.8K1.8018.04N/AN/A2244032,7482,295
2018-04-10$40.02$42.5028.3%11.6%23.6%18.1%40.3%5.9%-9.1%252.6K-3.2M-12.4K2.1617.57N/AN/A1874032,7482,286
2018-04-11$40.13$42.5039.7%11.4%23.6%36.2%40.0%5.1%-8.8%259.4K-3.5M-11.8K1.5722.56N/AN/A2594062,7602,296
2018-04-12$40.66$42.5039.9%11.4%24.1%36.4%39.4%5.8%-8.9%279.3K-4.3M-11.3K1.7412.29N/AN/A2424212,7842,301
2018-04-13$40.08$42.5040.2%11.5%24.5%36.9%40.1%6.1%-9.3%281.1K-3.3M-10.9K2.1314.05N/AN/A1944142,7812,295
2018-04-16$40.96$42.5040.8%11.7%25.9%37.9%40.1%5.5%-10.5%283.2K-4.8M-9.4K1.9514.77N/AN/A2124132,7852,300
2018-04-17$41.55$42.5038.2%10.9%26.1%33.7%39.4%5.8%-9.5%272.7K-5.7M-9.0K1.6215.29N/AN/A2554132,7942,323
2018-04-18$41.74$42.5039.0%11.2%26.0%35.0%42.0%6.6%-10.6%294.9K-6.3M-8.6K1.0817.13N/AN/A4064382,8412,323
2018-04-19$41.46$40.0038.8%11.1%26.1%34.7%38.9%6.6%-11.4%66.0K-5.4M-8.2K1.5019.72N/AN/A3294922,8632,359
2018-04-20$40.88$42.5042.8%12.3%24.5%41.0%42.3%5.4%-12.5%-1.2K-4.8M-9.3K2.0428.37N/AN/A2134342,9472,440
2018-04-23$40.57$42.5043.3%12.4%23.5%41.7%43.7%6.4%-9.4%-7.5K-343.4K-9.0K3.1918.87N/AN/A1414508441,289
2018-04-24$40.03$42.5045.1%12.9%23.0%44.7%46.2%7.8%-11.1%-42.7K253.2K-10.0K4.8922.73N/AN/A924508591,555
2018-04-25$40.07$42.5044.8%12.9%20.6%44.2%45.3%7.0%-10.8%-43.2K236.2K-9.9K5.1720.81N/AN/A874508721,573
2018-04-26$40.78$42.5046.6%13.4%20.0%47.1%49.8%6.9%-12.7%-30.9K-109.4K-9.8K3.5519.81N/AN/A883128701,573
2018-04-27$40.93$42.5047.4%13.6%18.5%48.3%52.0%6.5%-13.8%-30.8K-138.9K-9.8K3.7633.38N/AN/A883318691,589
2018-04-30$41.10$42.5049.5%14.2%17.7%51.6%52.7%6.0%-14.3%-28.6K-186.2K-9.2K3.0621.10N/AN/A1033158691,607