TDC Options History — July 2018

In July 2018, TDC traded between $38.12 and $43.23. ATM implied volatility averaged 38.4%, placing in the 32.3% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 12.3% (HV 20d: 26.1%). Max pain ranged from $40.00 to $42.50. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 1.01.

Notable Days

  • 2018-07-31: Highest Volume — 3,495 contracts
  • 2018-07-11: Largest IV spike — 45.8% change
  • 2018-07-31: Highest IV Rank — 61.6%
  • 2018-07-31: Largest Expected Move — 16.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.59$38.12$43.23$40.92$38.28
Max Pain$41.90$40.00$42.50$40.00$42.50
ATM IV38.4%25.8%56.4%28.7%56.4%
Expected Move11.6%8.1%16.2%8.2%16.2%
HV 20d26.1%23.0%32.1%29.8%31.4%
HV 60d26.6%25.5%30.0%26.1%28.1%
IV Rank32.3%11.8%61.6%16.4%61.6%
IV Percentile81.8%53.2%98.8%69.4%98.8%
Term Structure-8.3%-18.6%10.3%10.0%-18.6%
VWIV41.1%27.8%54.2%28.1%54.2%
Skew 25d3.6%1.7%5.0%1.7%3.7%
Skew 10d5.3%-30.3%10.0%2.9%10.0%
Call IV 25d39.7%26.9%54.3%28.4%54.3%
Put IV 25d43.3%29.4%57.9%30.1%57.9%
Bid-Ask Spread %22.4311.9564.3318.0120.89
Gamma HHI0.420.230.780.360.35
Net GEX516.3K-164.6K1.6M338.5K-146.6K
Net DEX-3.6M-12.0M5.0M-2.2M4.6M
Net VEX-29.4K-35.7K-24.1K-31.4K-35.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.010.085.330.530.08
Total Volume1,184.4764353,4955413,495
Total OI6,880.1433,8659,3757,0156,456

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-07-02$40.92$40.0028.7%8.2%29.8%16.4%28.1%1.7%10.0%338.5K-2.2M-31.4K0.5318.01N/AN/A3541874,3222,693
2018-07-03$41.01$40.0028.3%8.1%29.0%15.9%27.8%2.5%10.3%371.7K-2.3M-30.7K0.7525.65N/AN/A2481874,3342,693
2018-07-05$41.20$42.5028.4%11.1%27.7%16.0%38.3%3.4%-7.6%407.5K-2.7M-29.8K0.6721.01N/AN/A2811874,3312,693
2018-07-06$41.74$42.5025.8%10.7%25.8%11.8%38.1%3.1%-7.1%503.2K-3.8M-29.8K0.6216.12N/AN/A2731694,3612,693
2018-07-09$42.34$42.5026.7%11.1%25.7%13.2%38.8%3.7%-8.3%597.2K-5.1M-28.6K0.4616.58N/AN/A3641664,3432,698
2018-07-10$42.25$42.5026.1%11.0%25.6%12.3%38.5%2.7%-8.2%619.9K-4.9M-28.0K1.0120.18N/AN/A3023044,3022,697
2018-07-11$42.09$40.0038.1%10.9%25.6%31.7%38.5%3.6%-7.8%605.4K-4.2M-28.4K1.1611.95N/AN/A2623054,2892,851
2018-07-12$43.06$40.0038.4%11.0%25.6%32.3%37.4%5.0%-8.3%696.1K-6.7M-28.6K0.1464.33N/AN/A2,5723634,2892,852
2018-07-13$43.00$40.0039.0%11.2%25.5%33.3%39.4%4.1%-8.6%1.6M-12.0M-33.4K0.4316.64N/AN/A9764216,5122,863
2018-07-16$42.94$42.5039.2%11.2%24.6%33.5%38.9%2.4%-9.0%1.3M-9.7M-29.2K1.1419.95N/AN/A3203655,7032,921
2018-07-17$43.23$42.5039.6%11.3%23.4%34.1%41.6%4.6%-9.8%1.3M-11.2M-27.7K0.5024.48N/AN/A8794415,7002,950
2018-07-18$42.95$42.5040.2%11.5%23.0%35.1%42.4%3.4%-10.4%1.3M-8.8M-26.5K1.6414.75N/AN/A2574225,3073,001
2018-07-19$42.94$42.5040.2%11.5%23.0%35.1%41.5%3.7%-10.6%1.6M-9.1M-25.5K1.5320.81N/AN/A2764225,2913,006
2018-07-20$41.48$42.5040.9%11.7%25.3%36.4%42.6%2.2%-11.1%8.7K-1.5M-24.1K0.6714.67N/AN/A1,1547705,2913,006
2018-07-23$42.44$42.5042.3%12.1%23.9%38.5%43.9%4.4%-10.1%-3.7K-789.8K-24.5K1.9317.76N/AN/A2845471,7582,107
2018-07-24$40.87$42.5045.0%12.9%25.4%43.0%45.4%4.3%-10.8%-29.6K449.3K-24.6K0.9453.27N/AN/A1,0559961,8262,125
2018-07-25$41.10$42.5045.1%12.9%25.3%43.2%46.4%4.2%-11.3%-20.0K-788.3K-31.8K0.4020.62N/AN/A1,0444222,5512,604
2018-07-26$41.05$42.5044.7%12.8%24.5%42.5%44.1%3.6%-11.6%-24.4K-605.9K-31.6K0.3119.61N/AN/A1,3394152,5562,625
2018-07-27$40.31$42.5044.4%12.7%25.4%42.0%46.3%5.0%-11.2%-12.6K-72.7K-32.1K5.3314.02N/AN/A2421,2912,7842,650
2018-07-30$38.12$42.5049.3%14.1%32.1%50.0%50.2%4.5%-15.1%-164.6K5.0M-34.8K0.9519.64N/AN/A2652522,7703,679
2018-07-31$38.28$42.5056.4%16.2%31.4%61.6%54.2%3.7%-18.6%-146.6K4.6M-35.7K0.0820.89N/AN/A3,2232722,7653,691