TDC Options History — December 2018

In December 2018, TDC traded between $35.62 and $38.29. ATM implied volatility averaged 32.7%, placing in the 21.4% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 7.7% (HV 20d: 25.0%). Max pain ranged from $32.50 to $37.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 1.93.

Notable Days

  • 2018-12-11: Highest Volume — 1,602 contracts
  • 2018-12-12: Largest IV drop — 17.9% change
  • 2018-12-24: Highest IV Rank — 29.6%
  • 2018-12-24: Largest Expected Move — 10.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.12$35.62$38.29$38.29$38.26
Max Pain$33.25$32.50$37.50$37.50$32.50
ATM IV32.7%29.1%37.7%29.8%32.1%
Expected Move9.2%8.3%10.8%8.5%9.2%
HV 20d25.0%20.9%31.7%30.7%23.8%
HV 60d27.6%26.9%28.7%28.4%28.1%
IV Rank21.4%15.4%29.6%16.6%20.4%
IV Percentile64.1%54.8%70.2%60.7%61.5%
Term Structure1.7%-4.1%6.2%-1.4%4.7%
VWIV34.8%27.9%41.6%31.6%30.6%
Skew 25d4.8%3.0%7.2%5.0%5.7%
Skew 10d8.1%2.4%17.0%17.0%14.6%
Call IV 25d30.3%27.6%33.9%27.7%28.5%
Put IV 25d35.1%31.5%39.1%32.7%34.1%
Bid-Ask Spread %67.5422.0684.4527.5269.90
Gamma HHI0.380.260.460.400.45
Net GEX504.0K144.2K747.2K741.6K252.8K
Net DEX-7.7M-16.2M-724.8K-16.2M-5.5M
Net VEX-19.3K-30.7K-9.2K-29.9K-9.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.930.0527.500.600.40
Total Volume477.871,6026977
Total OI8,542.454,02910,44610,2734,089

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-12-03$38.29$37.5029.8%8.5%30.7%16.6%31.6%5.0%-1.4%741.6K-16.2M-29.9K0.6027.52N/AN/A43267,9032,370
2018-12-04$37.55$37.5032.0%9.2%31.7%20.1%35.7%6.1%-2.4%691.3K-13.4M-30.7K0.2422.06N/AN/A58147,9452,357
2018-12-05$37.55$37.5033.8%9.7%31.7%23.2%36.9%5.9%-4.1%688.3K-13.3M-30.3K0.2437.67N/AN/A58147,9452,357
2018-12-06$37.71$32.5033.6%8.7%24.3%22.8%29.4%5.2%1.8%705.7K-13.5M-30.0K2.0968.42N/AN/A33697,9572,354
2018-12-07$36.99$32.5033.9%8.9%24.9%23.3%27.9%5.1%1.1%647.2K-11.0M-29.0K1.1180.39N/AN/A75837,9762,422
2018-12-10$36.79$32.5034.4%9.0%24.8%24.1%38.6%5.9%1.1%640.8K-10.0M-26.5K0.0568.73N/AN/A1,042527,9762,470
2018-12-11$37.41$32.5035.8%9.0%25.6%26.5%41.3%4.7%2.0%642.8K-9.6M-24.5K0.2076.29N/AN/A1,3402627,1202,482
2018-12-12$38.16$32.5029.4%8.4%26.6%15.8%36.1%3.2%4.6%747.2K-12.4M-22.9K0.2684.45N/AN/A1,0752827,1262,674
2018-12-13$37.59$32.5029.1%8.3%27.1%15.4%38.3%4.3%3.7%721.0K-9.9M-21.3K0.1777.10N/AN/A1,0751787,1282,674
2018-12-14$37.26$32.5030.5%8.7%27.1%17.7%37.8%3.8%1.7%658.9K-8.0M-21.2K0.1569.56N/AN/A1,1501787,1482,759
2018-12-17$36.58$32.5031.7%9.1%27.8%19.6%30.5%4.7%1.1%537.7K-4.9M-17.6K2.5059.48N/AN/A257,1352,749
2018-12-18$36.53$32.5031.4%9.0%21.0%19.1%33.6%3.5%1.7%530.4K-4.3M-15.6K27.5062.62N/AN/A2557,1372,754
2018-12-19$36.53$32.5032.1%9.2%21.0%20.4%33.7%4.2%0.4%516.0K-3.5M-13.8K0.3380.09N/AN/A202677,1372,793
2018-12-20$36.56$32.5033.2%9.5%20.9%22.1%34.4%3.5%-0.1%470.4K-2.6M-12.3K0.9472.05N/AN/A86817,1602,800
2018-12-21$35.99$32.5034.9%10.0%21.6%24.9%34.9%7.2%-1.4%144.2K-724.8K-10.8K0.8078.80N/AN/A2081676,9892,790
2018-12-24$35.62$32.5037.7%10.8%21.3%29.6%41.6%5.2%3.5%156.8K-2.7M-10.6K0.0977.36N/AN/A1,2101033,052977
2018-12-26$36.63$32.5033.3%9.5%23.7%22.3%36.3%5.6%5.0%184.1K-3.5M-10.5K0.2675.91N/AN/A3183,054977
2018-12-27$37.08$32.5033.6%9.6%22.0%22.8%35.4%3.0%6.2%195.0K-4.2M-10.3K0.3284.36N/AN/A31103,069985
2018-12-28$37.31$32.5032.0%9.2%22.1%20.2%31.9%4.5%4.7%208.7K-4.4M-9.9K0.2878.04N/AN/A81233,069990
2018-12-31$38.26$32.5032.1%9.2%23.8%20.4%30.6%5.7%4.7%252.8K-5.5M-9.2K0.4069.90N/AN/A55223,095994