TDC Options History — May 2018

In May 2018, TDC traded between $37.96 and $40.96. ATM implied volatility averaged 27.4%, placing in the 14.9% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 1.0% (HV 20d: 26.4%). Max pain ranged from $40.00 to $42.50. Net GEX was positive for 4 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 2.79.

Notable Days

  • 2018-05-04: Highest Volume — 4,203 contracts
  • 2018-05-04: Largest IV drop — 43.9% change
  • 2018-05-03: Highest IV Rank — 57.0%
  • 2018-05-02: Largest Expected Move — 14.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.04$37.96$40.96$40.96$39.87
Max Pain$40.45$40.00$42.50$42.50$40.00
ATM IV27.4%21.0%52.9%50.4%21.6%
Expected Move7.5%6.0%14.7%14.4%6.2%
HV 20d26.4%17.4%29.4%17.6%29.4%
HV 60d27.9%23.8%33.1%31.5%23.8%
IV Rank14.9%4.0%57.0%53.0%4.9%
IV Percentile38.0%6.7%97.6%97.2%7.9%
Term Structure-1.8%-16.0%0.7%-16.0%0.5%
VWIV27.1%21.2%55.2%54.2%24.0%
Skew 25d2.7%0.8%7.0%7.0%3.4%
Skew 10d4.5%-8.6%18.6%18.1%4.3%
Call IV 25d25.3%20.1%49.2%46.7%22.2%
Put IV 25d28.0%22.6%55.7%53.8%25.6%
Bid-Ask Spread %19.989.1967.0453.0010.81
Gamma HHI0.430.220.840.230.39
Net GEX-131.3K-336.0K139.9K-29.8K-191.5K
Net DEX2.1M-469.2K4.2M-118.3K1.4M
Net VEX-17.4K-24.2K-9.3K-9.3K-22.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.790.206.533.413.78
Total Volume1,469.4553754,2034501,453
Total OI4,643.0452,4986,8112,4984,462

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-05-01$40.96$42.5050.4%14.4%17.6%53.0%54.2%7.0%-16.0%-29.8K-118.3K-9.3K3.4153.00N/AN/A1023488891,609
2018-05-02$40.78$42.5051.2%14.7%17.4%54.3%55.2%6.5%-14.2%-35.2K17.3K-9.4K6.5367.04N/AN/A1026668891,650
2018-05-03$39.98$42.5052.9%10.1%18.9%57.0%35.4%6.4%-6.0%-87.1K987.4K-11.0K2.4025.12N/AN/A3648758891,955
2018-05-04$37.97$42.5029.7%7.3%26.1%20.3%25.2%2.1%0.2%-236.1K3.2M-9.6K0.6313.60N/AN/A2,5731,6301,0722,380
2018-05-07$38.51$40.0028.7%7.4%26.7%18.7%25.1%2.7%-0.1%-81.5K1.8M-18.5K2.2615.55N/AN/A5071,1472,3933,138
2018-05-08$39.26$40.0024.9%6.6%27.1%12.8%24.1%1.6%0.1%53.6K68.6K-18.5K3.6711.76N/AN/A3161,1592,4993,162
2018-05-09$39.46$40.0022.9%6.6%27.2%9.6%24.0%2.0%-0.1%83.5K-168.6K-19.0K4.2112.51N/AN/A2531,0652,5503,221
2018-05-10$39.66$40.0021.4%6.1%26.8%4.6%21.7%2.0%-0.6%139.9K-469.2K-17.6K0.2014.08N/AN/A1,2962652,4953,219
2018-05-11$39.48$40.0021.0%6.0%26.4%4.0%21.2%2.4%-0.0%19.7K836.4K-14.6K1.0042.88N/AN/A2882882,0223,251
2018-05-14$38.12$40.0022.6%6.5%27.6%6.6%22.1%2.9%-0.3%-244.9K3.5M-12.6K0.689.88N/AN/A2952002,0203,226
2018-05-15$38.01$40.0023.0%6.6%26.8%7.3%21.5%4.0%-0.7%-285.6K3.8M-12.2K0.8312.07N/AN/A2121772,0353,228
2018-05-16$37.96$40.0022.2%6.4%26.6%5.9%21.9%1.7%0.1%-336.0K3.7M-11.6K0.7011.05N/AN/A2211542,0403,222
2018-05-17$39.02$40.0022.3%6.4%28.9%6.1%23.9%1.6%0.2%-25.2K1.5M-12.7K2.3516.87N/AN/A6571,5432,0593,109
2018-05-18$38.77$40.0022.4%6.4%28.7%6.2%23.1%2.2%-0.1%-188.0K4.2M-24.2K3.8618.20N/AN/A3961,5282,4474,364
2018-05-21$38.47$40.0023.7%6.8%28.7%8.4%24.9%1.1%-0.1%-201.4K3.3M-23.4K3.2619.56N/AN/A4321,4081,4192,927
2018-05-22$38.37$40.0022.9%6.6%28.4%7.0%25.0%1.4%0.7%-206.5K3.6M-23.3K3.4714.88N/AN/A4051,4061,4352,930
2018-05-23$38.33$40.0023.3%6.7%28.4%7.6%25.5%1.8%0.3%-207.1K3.7M-22.8K3.4624.18N/AN/A4061,4051,4312,930
2018-05-24$38.82$40.0021.8%6.3%28.0%5.3%23.8%1.2%-0.0%-204.7K3.0M-23.3K3.279.19N/AN/A4301,4061,4312,930
2018-05-25$38.74$40.0023.4%6.7%27.9%7.9%24.2%1.8%0.2%-212.9K3.0M-23.1K3.3610.39N/AN/A4291,4401,4482,930
2018-05-29$38.70$40.0026.9%7.7%27.8%13.6%25.8%1.7%-3.0%-216.6K3.3M-22.4K4.709.78N/AN/A2771,3011,4472,964
2018-05-30$39.60$40.0022.5%6.5%29.3%6.4%24.0%0.8%0.1%-194.1K1.8M-22.3K3.2517.10N/AN/A3541,1491,4682,962
2018-05-31$39.87$40.0021.6%6.2%29.4%4.9%24.0%3.4%0.5%-191.5K1.4M-22.4K3.7810.81N/AN/A3041,1491,4952,967