TDC Options History — April 2019

In April 2019, TDC traded between $43.16 and $45.99. ATM implied volatility averaged 30.8%, placing in the 23.0% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded above realized volatility by 10.1% (HV 20d: 20.7%). Max pain ranged from $45.00 to $45.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 2.03.

Notable Days

  • 2019-04-03: Highest Volume — 1,320 contracts
  • 2019-04-10: Largest IV spike — 19.8% change
  • 2019-04-29: Highest IV Rank — 41.6%
  • 2019-04-29: Largest Expected Move — 11.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.47$43.16$45.99$43.57$45.53
Max Pain$45.00$45.00$45.00$45.00$45.00
ATM IV30.8%22.9%39.8%26.5%38.9%
Expected Move9.4%8.3%11.4%9.6%11.2%
HV 20d20.7%11.3%26.8%25.3%12.9%
HV 60d20.8%19.4%23.2%23.2%19.6%
IV Rank23.0%6.6%41.6%14.1%39.8%
IV Percentile54.0%13.9%82.5%36.5%79.8%
Term Structure-4.0%-10.7%6.4%6.4%-9.8%
VWIV33.1%27.3%41.7%29.8%41.7%
Skew 25d4.5%3.4%6.6%5.7%4.8%
Skew 10d10.1%5.2%17.7%16.1%13.8%
Call IV 25d30.3%21.0%37.4%22.0%36.5%
Put IV 25d34.8%27.5%41.3%27.7%41.3%
Bid-Ask Spread %57.0742.4263.1142.4259.22
Gamma HHI0.190.160.230.190.16
Net GEX124.4K-37.4K415.3K37.1K379.0K
Net DEX-3.8M-6.9M-1.8M-2.6M-5.8M
Net VEX-56.5K-59.4K-53.1K-59.0K-57.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.030.005.880.103.29
Total Volume473.57181,320111613
Total OI9,656.2867,87710,4649,6289,249

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$43.57$45.0026.5%9.6%25.3%14.1%0.0%5.7%6.4%37.1K-2.6M-59.0K0.1042.42N/AN/A101105,7813,847
2019-04-02$43.70$45.0027.0%9.5%25.3%15.0%0.0%6.6%5.3%34.0K-2.6M-58.4K1.5442.53N/AN/A1412175,7213,845
2019-04-03$43.97$45.0023.0%8.3%25.6%6.9%29.8%3.4%-1.6%25.4K-3.1M-56.8K1.4056.43N/AN/A5507705,7394,023
2019-04-04$43.16$45.0026.6%8.9%26.1%14.2%30.4%5.4%-1.9%-15.9K-1.8M-59.3K1.5956.65N/AN/A4867726,0254,368
2019-04-05$43.73$45.0024.5%8.8%26.8%10.0%29.8%4.0%-2.2%4.4K-2.6M-58.6K1.5952.26N/AN/A4837665,9964,370
2019-04-08$43.84$45.0022.9%8.6%26.6%6.6%29.5%4.7%-3.2%1.4K-2.8M-57.9K3.8559.01N/AN/A331275,9984,368
2019-04-09$43.62$45.0025.4%9.1%26.4%11.7%30.6%3.6%-3.4%-37.4K-2.4M-56.5K5.8860.06N/AN/A502945,9744,398
2019-04-10$43.92$45.0030.4%8.7%26.6%22.1%27.3%3.6%-3.8%18.8K-3.0M-57.2K5.2460.71N/AN/A583045,9754,328
2019-04-11$43.84$45.0029.6%8.5%26.6%20.5%30.5%4.2%-2.8%331-2.8M-55.4K2.7459.98N/AN/A1293535,9634,338
2019-04-12$44.00$45.0029.7%8.5%26.7%20.6%28.5%3.9%-2.5%1.1K-3.0M-55.5K2.4763.11N/AN/A1243066,0444,352
2019-04-15$43.98$45.0030.8%8.8%26.7%23.0%30.2%3.8%-4.2%42.0K-3.4M-56.6K0.0060.82N/AN/A806,0474,354
2019-04-16$44.24$45.0030.9%8.8%26.5%23.1%30.9%4.2%-4.0%119.6K-3.6M-53.6K0.1760.98N/AN/A82146,0514,354
2019-04-17$44.49$45.0031.5%9.0%18.2%24.5%31.9%4.6%-5.3%181.2K-3.9M-53.3K0.6262.38N/AN/A55346,0724,355
2019-04-18$45.05$45.0031.7%9.1%18.7%24.9%32.0%4.7%-5.5%301.1K-5.8M-55.3K0.1859.56N/AN/A125236,0874,377
2019-04-22$45.17$45.0033.9%9.7%11.4%29.3%34.3%4.8%-6.2%158.2K-3.8M-53.1K0.7060.54N/AN/A70494,8193,058
2019-04-23$45.59$45.0035.0%10.0%11.5%31.7%37.9%5.2%-6.3%214.8K-5.0M-56.2K4.4755.95N/AN/A1125014,8473,067
2019-04-24$45.60$45.0035.8%10.3%11.3%33.3%38.8%5.5%-7.1%185.0K-4.6M-54.9K5.1851.52N/AN/A985084,9013,235
2019-04-25$45.18$45.0036.2%10.4%11.8%34.1%34.7%4.3%-7.3%152.0K-3.7M-54.6K0.0657.08N/AN/A1,107684,9153,240
2019-04-26$45.75$45.0036.7%10.5%12.3%35.2%39.1%4.4%-8.1%394.9K-6.4M-59.4K0.7759.58N/AN/A88685,9193,251
2019-04-29$45.99$45.0039.8%11.4%12.3%41.6%40.9%3.5%-10.7%415.3K-6.9M-58.5K0.7557.62N/AN/A1421065,8803,251
2019-04-30$45.53$45.0038.9%11.2%12.9%39.8%41.7%4.8%-9.8%379.0K-5.8M-57.0K3.2959.22N/AN/A1434705,9463,303