TDC Options History — February 2019

In February 2019, TDC traded between $45.00 and $48.47. ATM implied volatility averaged 27.6%, placing in the 13.3% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 10.6% (HV 20d: 17.1%). Max pain ranged from $42.50 to $47.50. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.96.

Notable Days

  • 2019-02-15: Highest Volume — 2,606 contracts
  • 2019-02-06: Largest IV drop — 38.2% change
  • 2019-02-05: Highest IV Rank — 50.5%
  • 2019-02-07: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.52$45.00$48.47$45.00$48.47
Max Pain$45.53$42.50$47.50$42.50$47.50
ATM IV27.6%20.1%50.5%45.9%21.7%
Expected Move7.2%5.8%10.1%9.4%6.2%
HV 20d17.1%12.8%21.6%21.6%13.6%
HV 60d23.4%21.3%26.7%26.5%21.4%
IV Rank13.3%0.0%50.5%42.8%3.3%
IV Percentile27.2%0.0%95.2%90.9%5.2%
Term Structure-0.6%-5.9%2.1%-4.0%1.5%
VWIV25.7%19.6%35.1%34.1%20.7%
Skew 25d3.8%-0.2%7.1%3.5%-0.2%
Skew 10d7.6%-2.4%15.3%8.3%-2.4%
Call IV 25d23.5%16.1%33.3%31.6%20.7%
Put IV 25d27.3%20.5%38.1%35.2%20.5%
Bid-Ask Spread %49.6034.4967.3241.1934.49
Gamma HHI0.210.150.360.200.26
Net GEX96.5K-220.6K360.9K63.8K360.9K
Net DEX-6.1M-10.1M-3.6M-3.9M-10.1M
Net VEX-40.4K-55.7K-23.8K-24.8K-55.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.960.094.573.190.32
Total Volume1,035.684122,606780359
Total OI6,877.8424,2888,8624,2887,858

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$45.00$42.5045.9%9.4%21.6%42.8%34.1%3.5%-4.0%63.8K-3.9M-24.8K3.1941.19N/AN/A1865941,9552,333
2019-02-04$45.80$42.5048.9%9.3%20.0%47.9%32.4%4.5%-4.0%81.8K-4.7M-23.8K1.0840.37N/AN/A1631762,0262,399
2019-02-05$46.12$42.5050.5%9.2%19.5%50.5%35.0%4.0%-3.2%88.0K-5.0M-24.8K0.9741.36N/AN/A4304192,1472,484
2019-02-06$46.74$42.5031.2%8.9%19.4%18.2%35.1%4.1%-3.7%85.5K-5.8M-30.0K0.3540.75N/AN/A4291512,4012,811
2019-02-07$46.02$42.5035.2%10.1%21.0%31.2%34.2%4.7%-5.9%85.2K-5.0M-30.7K4.5745.56N/AN/A3761,7202,4892,840
2019-02-08$45.67$47.5025.9%7.4%21.6%11.8%25.5%3.0%0.0%-220.6K-3.6M-33.7K1.8256.39N/AN/A4027302,7274,006
2019-02-11$46.28$47.5024.1%6.9%21.6%8.0%26.3%3.7%-0.1%-103.5K-5.3M-31.5K0.0960.36N/AN/A2,0531752,7974,101
2019-02-12$46.25$47.5024.9%7.1%21.6%9.7%25.3%3.1%0.0%-52.2K-6.4M-46.0K0.1060.86N/AN/A2,0422084,5814,247
2019-02-13$46.27$47.5022.9%6.6%18.6%5.4%24.2%2.9%-0.2%12.6K-7.1M-44.2K0.1153.09N/AN/A1,9872264,5674,245
2019-02-14$46.17$47.5023.9%6.8%16.0%7.5%23.7%3.4%0.4%64.5K-7.1M-43.3K0.1167.32N/AN/A2,0492214,5644,298
2019-02-15$46.41$45.0022.1%6.3%15.8%3.9%23.2%2.9%0.2%120.7K-7.4M-42.2K0.2362.05N/AN/A2,1184884,5544,291
2019-02-19$46.35$45.0022.1%6.3%15.4%3.7%23.9%2.2%-0.0%98.6K-4.9M-44.6K0.4347.07N/AN/A4611983,7822,968
2019-02-20$46.44$45.0021.0%6.0%13.3%1.5%21.1%6.4%0.8%111.0K-5.4M-48.5K0.2846.32N/AN/A119334,0523,025
2019-02-21$46.48$45.0021.3%6.1%13.2%2.1%22.4%2.7%1.4%117.8K-5.3M-49.1K0.2549.82N/AN/A275704,0663,021
2019-02-22$46.86$45.0020.8%6.0%12.8%1.1%20.8%7.0%2.1%161.0K-6.2M-48.5K0.1449.33N/AN/A453644,1612,988
2019-02-25$46.93$47.5021.1%6.1%12.8%1.7%21.7%7.1%1.1%203.2K-6.4M-48.7K2.0037.33N/AN/A484,2962,998
2019-02-26$47.38$47.5020.1%5.8%12.8%0.0%19.6%3.6%1.9%250.6K-7.2M-48.8K0.5550.67N/AN/A58324,2973,006
2019-02-27$48.32$47.5021.5%6.2%13.6%2.9%19.8%3.5%1.1%305.2K-8.7M-47.9K1.7258.00N/AN/A741274,2803,018
2019-02-28$48.47$47.5021.7%6.2%13.6%3.3%20.7%-0.2%1.5%360.9K-10.1M-55.7K0.3234.49N/AN/A272874,7583,100