TDC Options History — November 2018

In November 2018, TDC traded between $35.93 and $38.50. ATM implied volatility averaged 35.0%, placing in the 25.1% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded above realized volatility by 1.9% (HV 20d: 33.0%). Max pain ranged from $32.50 to $37.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.85.

Notable Days

2018-11-01: Highest Volume — 4,520 contracts
2018-11-02: Largest IV drop — 41.3% change
2018-11-01: Highest IV Rank — 79.9%
2018-11-01: Largest Expected Move — 19.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$37.14	$35.93	$38.50	$36.70	$37.74
Max Pain	$34.64	$32.50	$37.50	$37.50	$37.50
ATM IV	35.0%	28.7%	68.0%	68.0%	30.7%
Expected Move	9.4%	8.2%	19.5%	19.5%	8.8%
HV 20d	33.0%	29.5%	37.0%	30.1%	31.1%
HV 60d	27.6%	24.7%	29.8%	24.7%	28.3%
IV Rank	25.1%	14.6%	79.9%	79.9%	18.0%
IV Percentile	69.3%	59.5%	99.2%	99.2%	64.3%
Term Structure	-2.6%	-25.6%	-0.3%	-25.6%	-1.9%
VWIV	33.0%	28.1%	65.5%	65.5%	32.1%
Skew 25d	4.1%	-0.2%	5.7%	-0.2%	4.4%
Skew 10d	10.5%	0.4%	18.5%	7.1%	17.8%
Call IV 25d	31.4%	26.6%	65.8%	65.8%	29.5%
Put IV 25d	35.4%	30.8%	65.6%	65.6%	33.9%
Bid-Ask Spread %	24.78	14.93	53.59	53.59	29.83
Gamma HHI	0.39	0.32	0.57	0.35	0.38
Net GEX	889.6K	528.0K	1.6M	528.0K	678.8K
Net DEX	-15.2M	-22.8M	-8.7M	-13.1M	-13.9M
Net VEX	-40.2K	-49.9K	-33.5K	-47.0K	-33.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.85	0.16	1.37	0.84	0.76
Total Volume	1,582.048	822	4,520	4,520	847
Total OI	11,716.333	9,604	13,824	9,713	10,182

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2018-11-01	$36.70	$37.50	68.0%	19.5%	30.1%	79.9%	65.5%	-0.2%	-25.6%	528.0K	-13.1M	-47.0K	0.84	53.59	N/A	N/A	2,454	2,066	8,179	1,534
2018-11-02	$36.14	$37.50	39.9%	11.4%	30.6%	33.2%	40.4%	2.4%	-5.6%	635.3K	-11.0M	-49.9K	0.65	31.78	N/A	N/A	1,927	1,254	9,921	3,241
2018-11-05	$36.26	$32.50	38.4%	9.2%	29.8%	30.8%	33.6%	5.7%	-1.6%	758.1K	-13.0M	-48.9K	0.17	32.90	N/A	N/A	1,927	323	10,370	2,856
2018-11-06	$36.39	$32.50	36.5%	8.8%	29.5%	27.7%	31.9%	4.1%	-0.6%	788.8K	-13.1M	-47.8K	0.16	25.72	N/A	N/A	1,863	301	10,369	2,893
2018-11-07	$38.50	$32.50	34.3%	8.5%	33.1%	23.9%	28.1%	4.0%	-0.8%	1.2M	-22.7M	-45.6K	0.69	26.29	N/A	N/A	575	399	10,367	2,842
2018-11-08	$38.03	$32.50	32.8%	8.3%	33.3%	21.5%	28.7%	3.5%	-0.8%	1.2M	-21.6M	-44.6K	1.22	20.43	N/A	N/A	538	657	10,422	2,800
2018-11-09	$37.73	$32.50	33.0%	8.4%	33.2%	21.9%	28.5%	4.3%	-0.4%	1.2M	-19.6M	-45.3K	1.23	18.71	N/A	N/A	536	657	10,421	3,047
2018-11-12	$37.75	$32.50	39.1%	8.7%	33.1%	32.0%	30.7%	4.2%	-1.2%	1.3M	-20.0M	-42.6K	1.30	19.56	N/A	N/A	525	680	10,423	3,047
2018-11-13	$37.63	$32.50	39.3%	8.6%	32.6%	32.3%	29.3%	4.6%	-1.0%	1.3M	-19.0M	-41.1K	1.25	18.08	N/A	N/A	574	716	10,427	3,106
2018-11-14	$37.51	$32.50	29.8%	8.5%	32.5%	16.5%	29.3%	3.4%	-1.0%	1.4M	-18.7M	-40.3K	1.16	19.58	N/A	N/A	564	653	10,462	3,141
2018-11-15	$37.82	$35.00	30.5%	8.7%	32.6%	17.6%	28.2%	4.5%	-1.0%	1.6M	-20.1M	-39.5K	1.37	19.41	N/A	N/A	570	781	10,465	3,287
2018-11-16	$37.86	$35.00	28.7%	8.2%	32.5%	14.6%	28.8%	4.2%	-0.3%	802.2K	-22.8M	-37.6K	0.53	20.80	N/A	N/A	2,577	1,361	10,459	3,365
2018-11-19	$35.99	$35.00	33.7%	9.7%	37.0%	22.9%	34.0%	4.4%	-2.1%	632.7K	-9.7M	-36.0K	0.76	20.19	N/A	N/A	628	480	7,970	1,634
2018-11-20	$35.93	$35.00	33.1%	9.5%	37.0%	21.9%	33.8%	5.7%	-0.9%	576.4K	-8.7M	-37.2K	0.98	22.07	N/A	N/A	508	500	7,863	1,836
2018-11-21	$36.13	$35.00	32.5%	9.3%	36.4%	21.0%	32.4%	5.2%	-1.1%	608.8K	-9.6M	-35.7K	0.95	23.98	N/A	N/A	508	483	7,865	1,839
2018-11-23	$36.34	$35.00	30.6%	8.8%	36.0%	17.9%	30.8%	5.2%	-1.2%	632.6K	-10.4M	-35.7K	0.64	43.94	N/A	N/A	502	320	7,865	1,839
2018-11-26	$36.79	$35.00	30.4%	8.7%	35.5%	17.6%	29.8%	4.2%	-1.4%	686.9K	-11.4M	-33.7K	0.60	14.93	N/A	N/A	602	362	7,866	1,839
2018-11-27	$36.83	$35.00	30.5%	8.7%	33.6%	17.7%	31.4%	3.1%	-1.2%	674.9K	-11.3M	-33.5K	0.77	16.70	N/A	N/A	597	461	7,866	1,957
2018-11-28	$37.84	$37.50	31.6%	9.1%	32.9%	19.5%	32.0%	4.8%	-2.7%	692.5K	-14.2M	-34.1K	0.88	19.34	N/A	N/A	555	490	7,866	2,154
2018-11-29	$37.98	$37.50	30.9%	8.9%	30.9%	18.3%	33.1%	4.1%	-1.2%	672.5K	-14.9M	-34.7K	0.84	22.56	N/A	N/A	489	413	7,907	2,251
2018-11-30	$37.74	$37.50	30.7%	8.8%	31.1%	18.0%	32.1%	4.4%	-1.9%	678.8K	-13.9M	-33.5K	0.76	29.83	N/A	N/A	482	365	7,908	2,274