TDC Options History — January 2019

In January 2019, TDC traded between $37.12 and $44.36. ATM implied volatility averaged 37.2%, placing in the 28.5% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded above realized volatility by 11.5% (HV 20d: 25.7%). Max pain ranged from $32.50 to $42.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.95.

Notable Days

  • 2019-01-18: Highest Volume — 1,510 contracts
  • 2019-01-09: Largest IV spike — 24.6% change
  • 2019-01-31: Highest IV Rank — 40.4%
  • 2019-01-30: Largest Expected Move — 12.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.71$37.12$44.36$37.51$44.36
Max Pain$38.81$32.50$42.50$32.50$42.50
ATM IV37.2%30.2%44.4%31.9%44.4%
Expected Move10.8%9.1%12.5%9.1%9.2%
HV 20d25.7%22.7%28.0%24.3%22.7%
HV 60d28.2%26.4%29.3%28.3%26.4%
IV Rank28.5%17.1%40.4%20.0%40.4%
IV Percentile70.8%52.8%87.7%59.9%87.7%
Term Structure-5.9%-11.1%5.3%5.3%-3.6%
VWIV38.4%32.3%44.4%32.3%32.3%
Skew 25d4.8%2.8%6.3%4.4%4.3%
Skew 10d11.7%2.6%25.5%2.6%8.8%
Call IV 25d36.6%30.3%42.4%30.3%31.3%
Put IV 25d41.4%34.6%48.3%34.6%35.5%
Bid-Ask Spread %52.3741.3263.3357.5741.32
Gamma HHI0.440.190.830.370.19
Net GEX220.1K49.0K531.2K223.6K49.5K
Net DEX-7.5M-16.3M-3.1M-4.6M-3.2M
Net VEX-16.4K-26.1K-8.4K-8.7K-25.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.950.003.630.183.63
Total Volume513.952201,510145662
Total OI4,600.8573,6196,6694,1524,259

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-01-02$37.51$32.5031.9%9.1%24.3%20.0%32.3%4.4%5.3%223.6K-4.6M-8.7K0.1857.57N/AN/A123223,1361,016
2019-01-03$37.12$35.0031.9%10.6%23.6%20.0%39.2%5.5%-5.0%202.5K-4.2M-8.7K0.2844.21N/AN/A123353,1951,024
2019-01-04$38.38$35.0031.8%10.7%26.5%19.8%37.0%4.6%-5.7%279.0K-5.6M-9.0K0.5453.50N/AN/A1901033,1951,037
2019-01-07$39.16$35.0030.3%10.6%27.3%17.3%37.3%5.3%-5.6%319.1K-6.6M-8.4K0.4351.24N/AN/A1463,1911,101
2019-01-08$39.84$35.0030.2%10.8%26.6%17.1%37.9%4.6%-5.6%345.6K-7.6M-8.6K0.0943.17N/AN/A737673,1931,106
2019-01-09$39.99$35.0037.6%10.8%26.4%29.0%38.0%4.6%-4.5%408.3K-8.7M-12.1K0.3160.06N/AN/A235733,6571,167
2019-01-10$40.03$37.5036.6%10.5%26.0%27.3%37.4%5.0%-3.8%417.2K-8.8M-12.5K0.3451.81N/AN/A182613,7251,191
2019-01-11$40.09$37.5036.6%10.5%25.3%27.2%36.9%4.4%-5.3%487.9K-9.1M-12.3K0.7951.20N/AN/A2311833,7741,194
2019-01-14$40.07$37.5037.5%10.7%24.4%28.7%0.0%5.1%-5.9%531.2K-9.1M-12.7K0.0051.78N/AN/A57423,8571,315
2019-01-15$41.59$37.5036.2%10.4%26.8%26.6%36.7%4.6%-6.4%331.0K-13.3M-15.5K0.0347.30N/AN/A30994,3941,315
2019-01-16$42.91$37.5037.6%10.8%26.7%29.0%37.2%4.7%-5.9%127.9K-15.1M-14.5K0.3849.97N/AN/A9053484,4291,315
2019-01-17$43.38$37.5035.9%10.3%26.5%26.1%36.8%2.8%-5.6%156.8K-16.3M-19.5K1.5052.17N/AN/A5538284,8321,611
2019-01-18$43.97$42.5035.2%10.1%26.4%25.0%37.6%3.8%-5.8%139.0K-15.1M-21.3K2.6953.21N/AN/A4091,1014,5422,127
2019-01-22$43.17$42.5040.0%11.5%28.0%33.0%39.6%3.9%-6.9%103.1K-4.6M-22.6K0.1353.21N/AN/A165212,2501,424
2019-01-23$43.50$42.5039.9%11.4%26.5%32.8%39.9%5.1%-6.4%103.1K-4.5M-21.6K1.3350.91N/AN/A1041382,1741,445
2019-01-24$44.09$42.5039.0%11.2%25.5%31.3%39.6%4.6%-6.8%100.9K-5.0M-21.7K0.1363.33N/AN/A163212,2241,552
2019-01-25$44.34$42.5039.3%11.3%24.7%31.8%40.1%5.2%-8.0%102.5K-5.1M-20.9K0.8855.07N/AN/A3022662,1791,559
2019-01-28$44.19$42.5043.2%12.4%25.1%38.4%44.4%4.9%-10.2%80.2K-4.3M-21.6K0.0655.08N/AN/A14382,1151,804
2019-01-29$44.00$42.5042.9%12.3%25.5%37.8%44.4%6.3%-10.6%64.1K-3.5M-20.0K2.9056.91N/AN/A1795201,9221,808
2019-01-30$44.24$42.5043.5%12.5%24.7%38.9%44.3%6.3%-11.1%49.0K-3.1M-26.1K3.2656.75N/AN/A1595191,9422,322
2019-01-31$44.36$42.5044.4%9.2%22.7%40.4%32.3%4.3%-3.6%49.5K-3.2M-25.7K3.6341.32N/AN/A1435191,9292,330