TDC Options History — March 2019

In March 2019, TDC traded between $43.75 and $49.27. ATM implied volatility averaged 24.4%, placing in the 9.7% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 4.9% (HV 20d: 19.5%). Max pain ranged from $45.00 to $47.50. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 2.93.

Notable Days

  • 2019-03-27: Highest Volume — 2,554 contracts
  • 2019-03-04: Largest IV spike — 33.6% change
  • 2019-03-11: Highest IV Rank — 14.9%
  • 2019-03-29: Largest Expected Move — 9.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.64$43.75$49.27$49.27$43.75
Max Pain$46.58$45.00$47.50$47.50$47.50
ATM IV24.4%19.7%26.9%19.7%26.9%
Expected Move8.1%5.7%9.4%5.7%9.4%
HV 20d19.5%13.9%28.7%14.2%25.9%
HV 60d22.0%19.8%24.7%21.4%23.3%
IV Rank9.7%0.0%14.9%0.0%14.8%
IV Percentile23.6%0.0%39.7%0.0%39.7%
Term Structure4.5%1.3%7.0%1.3%5.5%
VWIV28.6%20.0%36.5%20.0%31.9%
Skew 25d4.2%2.9%5.3%4.8%3.7%
Skew 10d8.2%4.8%12.6%5.2%6.4%
Call IV 25d22.6%17.3%25.9%17.3%23.7%
Put IV 25d26.8%22.2%31.1%22.2%27.4%
Bid-Ask Spread %44.0026.1773.1526.1741.07
Gamma HHI0.200.170.290.290.18
Net GEX237.9K-17.9K534.0K452.1K64.9K
Net DEX-8.8M-12.8M-2.7M-11.8M-3.1M
Net VEX-72.3K-82.2K-57.0K-57.0K-61.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.930.0318.000.050.40
Total Volume816.762302,5541,966400
Total OI9,824.818,07110,4688,0719,579

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$49.27$47.5019.7%5.7%14.2%0.0%20.0%4.8%1.3%452.1K-11.8M-57.0K0.0526.17N/AN/A1,880864,9563,115
2019-03-04$48.24$47.5026.3%7.6%16.6%13.7%26.3%4.6%2.3%509.8K-12.7M-78.8K2.4440.38N/AN/A2866976,4583,116
2019-03-05$48.34$47.5025.5%7.3%15.7%12.0%25.7%3.9%2.8%294.2K-12.1M-81.8K2.6541.46N/AN/A2797406,6003,743
2019-03-06$47.91$47.5024.9%7.2%16.2%10.8%24.2%3.9%3.0%228.9K-11.2M-82.2K0.3154.44N/AN/A284876,6033,731
2019-03-07$47.56$47.5024.7%7.1%15.9%10.3%24.6%3.1%3.6%173.8K-10.1M-80.9K0.3551.78N/AN/A251876,6043,732
2019-03-08$47.43$47.5023.7%6.8%14.8%8.3%23.5%4.2%2.6%108.4K-9.6M-79.4K0.2157.36N/AN/A293616,6013,733
2019-03-11$47.81$45.0026.9%7.9%14.5%14.9%26.7%4.3%3.2%144.5K-10.9M-77.7K0.0339.90N/AN/A2916,6063,724
2019-03-12$48.03$45.0024.1%7.7%14.0%9.0%25.4%4.3%2.7%166.4K-11.8M-78.1K0.8340.60N/AN/A103856,6083,724
2019-03-13$48.08$45.0023.2%7.7%13.9%7.2%25.1%3.8%3.6%134.5K-12.0M-77.1K1.4340.49N/AN/A841206,6613,807
2019-03-14$48.00$45.0022.2%7.6%14.0%5.2%26.5%2.9%4.2%-17.9K-12.3M-77.2K0.7540.91N/AN/A69526,6523,797
2019-03-15$48.00$45.0022.2%7.5%13.9%5.1%25.9%3.4%4.1%523.2K-12.8M-75.4K0.5546.83N/AN/A62346,6513,787
2019-03-18$47.75$0.0022.6%8.5%14.1%6.1%0.0%3.9%6.6%506.1K-11.5M-73.8K0.2773.15N/AN/A51146,3172,501
2019-03-19$48.23$0.0022.2%8.2%14.4%5.2%32.1%3.8%6.3%534.0K-12.5M-74.9K0.6440.32N/AN/A42276,3242,497
2019-03-20$45.59$47.5025.8%9.0%25.2%12.7%36.5%3.6%5.2%391.4K-7.7M-67.7K18.0050.88N/AN/A811,4586,3262,509
2019-03-21$45.82$45.0025.2%9.0%25.3%11.4%36.5%3.9%6.6%279.8K-7.0M-72.9K16.5833.83N/AN/A528626,3823,709
2019-03-22$43.99$45.0026.5%9.2%28.7%14.0%35.8%4.7%5.5%139.5K-3.1M-69.0K15.6338.11N/AN/A487506,3773,783
2019-03-25$43.80$47.5026.4%9.1%28.7%13.9%31.8%5.3%5.3%120.8K-2.7M-67.7K0.0640.76N/AN/A2,3181286,3743,825
2019-03-26$44.11$47.5025.0%9.1%28.5%10.9%31.4%5.0%6.9%98.3K-3.8M-63.0K0.0440.21N/AN/A2,288895,7793,836
2019-03-27$43.90$47.5024.4%9.0%27.2%9.6%30.8%5.0%7.0%73.5K-3.2M-62.1K0.0543.04N/AN/A2,4341205,7783,833
2019-03-28$43.77$47.5023.9%9.0%27.0%8.7%32.2%5.1%7.0%70.5K-2.9M-61.0K0.2542.31N/AN/A255655,7773,806
2019-03-29$43.75$47.5026.9%9.4%25.9%14.8%31.9%3.7%5.5%64.9K-3.1M-61.3K0.4041.07N/AN/A2861145,7773,802