TDC Options History — August 2018

In August 2018, TDC traded between $37.89 and $41.46. ATM implied volatility averaged 27.4%, placing in the 14.3% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded below realized volatility by 2.1% (HV 20d: 29.5%). Max pain ranged from $37.50 to $40.00. Net GEX was positive for 10 of 23 trading days. Term structure was in contango for 20 of 23 days. Put/call ratio averaged 2.14.

Notable Days

  • 2018-08-02: Highest Volume — 5,596 contracts
  • 2018-08-03: Largest IV drop — 50.7% change
  • 2018-08-01: Highest IV Rank — 66.8%
  • 2018-08-01: Largest Expected Move — 17.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.38$37.89$41.46$37.89$41.44
Max Pain$39.89$37.50$40.00$40.00$40.00
ATM IV27.4%20.3%59.7%59.7%20.3%
Expected Move7.7%5.8%17.1%17.1%5.8%
HV 20d29.5%15.8%35.5%31.5%15.8%
HV 60d27.9%25.8%29.1%28.0%25.8%
IV Rank14.3%2.8%66.8%66.8%2.8%
IV Percentile40.6%2.4%98.8%98.8%2.4%
Term Structure-0.5%-19.5%2.5%-19.5%2.5%
VWIV27.1%20.4%60.4%60.4%20.4%
Skew 25d2.9%1.3%5.5%4.5%1.6%
Skew 10d5.4%-5.1%14.7%14.6%-5.1%
Call IV 25d25.8%21.0%56.7%56.7%21.0%
Put IV 25d28.7%22.6%61.2%61.2%22.6%
Bid-Ask Spread %22.687.2754.5050.9913.29
Gamma HHI0.400.250.850.290.31
Net GEX249.5K-376.6K1.8M151.0K-111.3K
Net DEX-2.3M-9.4M6.4M1.5M-1.5M
Net VEX-36.7K-52.2K-28.1K-43.5K-28.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.140.803.903.901.48
Total Volume1,347.2615015,5964,523598
Total OI10,634.8266,07214,7879,1226,226

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-08-01$37.89$40.0059.7%17.1%31.5%66.8%60.4%4.5%-19.5%151.0K1.5M-43.5K3.9050.99N/AN/A9243,5995,4103,712
2018-08-02$38.74$40.0053.5%15.4%32.7%56.9%53.5%4.2%-14.2%-54.3K2.0M-52.2K0.8054.50N/AN/A3,1122,4845,7676,867
2018-08-03$38.08$40.0026.4%7.6%32.5%12.8%24.5%5.5%0.1%-376.6K6.4M-44.4K1.7012.80N/AN/A5849945,5958,817
2018-08-06$39.30$40.0027.3%7.4%34.3%14.1%28.8%3.6%0.9%233.5K575.0K-46.9K1.8021.84N/AN/A4698466,1108,677
2018-08-07$39.70$40.0028.1%7.7%34.7%15.5%29.2%2.9%-0.4%381.6K-1.4M-46.1K2.0721.51N/AN/A4759856,0698,612
2018-08-08$40.44$40.0026.9%7.2%35.5%13.6%26.3%3.8%0.6%606.8K-5.6M-43.9K3.3923.34N/AN/A3161,0706,0208,567
2018-08-09$40.70$37.5026.8%7.3%34.4%13.4%26.3%2.7%0.2%706.7K-6.9M-42.3K2.8619.38N/AN/A3751,0746,0658,522
2018-08-10$40.65$40.0026.7%7.4%34.4%13.3%26.9%3.5%0.1%725.5K-7.1M-41.4K3.3815.58N/AN/A2729186,0438,524
2018-08-13$40.55$40.0028.6%7.4%34.4%16.4%26.8%2.9%1.0%907.5K-6.6M-39.0K3.1215.47N/AN/A2738526,0488,571
2018-08-14$40.93$40.0030.2%7.2%34.6%19.0%25.3%3.0%0.9%805.7K-8.8M-36.9K3.1718.03N/AN/A2668426,0548,610
2018-08-15$40.50$40.0025.4%7.3%34.6%11.2%25.5%3.4%0.5%1.1M-6.6M-37.0K1.6630.36N/AN/A5368886,0528,665
2018-08-16$40.21$40.0023.0%6.6%34.7%7.2%23.2%2.8%2.3%1.8M-5.0M-35.6K1.8522.05N/AN/A5169545,9658,752
2018-08-17$40.65$40.0023.6%6.8%32.9%8.2%23.6%2.8%1.3%-89.5K-9.4M-32.5K2.2543.52N/AN/A5601,2615,8068,868
2018-08-20$41.04$40.0023.4%6.7%32.0%7.9%23.2%2.9%1.5%-110.9K-569.2K-32.0K2.0017.67N/AN/A1703402,5033,569
2018-08-21$40.76$40.0023.3%6.7%29.1%7.7%22.9%2.4%2.2%-118.6K-191.0K-32.3K1.8318.41N/AN/A1773242,5153,633
2018-08-22$40.59$40.0023.0%6.6%29.1%7.3%23.3%2.0%1.4%-128.6K146.5K-31.9K1.8643.65N/AN/A1773292,5253,638
2018-08-23$40.46$40.0023.0%6.6%29.1%7.2%22.4%2.9%0.9%-145.7K478.1K-31.4K1.7911.13N/AN/A1903402,5253,644
2018-08-24$40.82$40.0022.3%6.4%28.5%6.0%21.9%2.5%1.7%-127.6K-351.0K-30.7K1.7513.38N/AN/A1903332,5293,639
2018-08-27$41.23$40.0023.0%6.6%19.3%7.2%22.6%2.2%1.1%-109.9K-1.1M-29.4K1.7213.49N/AN/A2123642,5293,668
2018-08-28$41.37$40.0021.9%6.3%19.3%5.3%22.6%2.0%1.1%-108.5K-1.2M-29.6K1.8317.44N/AN/A2133892,5293,703
2018-08-29$41.46$40.0021.7%6.2%18.6%5.1%21.7%1.3%1.2%-107.6K-1.6M-28.9K1.487.27N/AN/A2413572,5293,703
2018-08-30$41.34$40.0021.6%6.2%17.5%5.0%22.5%1.8%1.4%-114.4K-1.2M-28.8K1.4816.45N/AN/A2413572,5103,716
2018-08-31$41.44$40.0020.3%5.8%15.8%2.8%20.4%1.6%2.5%-111.3K-1.5M-28.1K1.4813.29N/AN/A2413572,5103,716