TDC Options History — May 2019

In May 2019, TDC traded between $34.24 and $44.38. ATM implied volatility averaged 30.7%, placing in the 22.7% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded below realized volatility by 12.0% (HV 20d: 42.7%). Max pain ranged from $37.50 to $45.00. Net GEX was positive for 2 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 12.49.

Notable Days

  • 2019-05-09: Highest Volume — 2,664 contracts
  • 2019-05-03: Largest IV drop — 40.8% change
  • 2019-05-02: Highest IV Rank — 45.9%
  • 2019-05-02: Largest Expected Move — 12.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.13$34.24$44.38$44.38$34.33
Max Pain$39.66$37.50$45.00$45.00$37.50
ATM IV30.7%24.8%41.9%39.7%29.5%
Expected Move8.3%6.7%12.0%11.4%8.5%
HV 20d42.7%16.2%47.2%16.2%46.5%
HV 60d30.8%20.0%32.9%20.0%32.6%
IV Rank22.7%10.5%45.9%41.4%20.3%
IV Percentile53.9%28.2%86.1%82.9%51.2%
Term Structure-1.4%-12.1%1.5%-10.5%0.2%
VWIV28.7%21.4%41.2%39.7%33.4%
Skew 25d4.4%1.4%7.0%4.5%5.6%
Skew 10d8.7%-2.8%18.1%8.8%7.3%
Call IV 25d27.7%22.9%38.8%38.1%28.1%
Put IV 25d32.1%27.6%43.0%42.5%33.7%
Bid-Ask Spread %69.4940.3879.2764.9677.23
Gamma HHI0.230.150.350.160.21
Net GEX-145.1K-324.8K269.1K269.1K-131.5K
Net DEX5.5M-3.8M9.4M-3.8M4.8M
Net VEX-37.4K-52.9K-31.4K-52.9K-33.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio12.490.05183.330.230.18
Total Volume619.045622,664187396
Total OI9,732.2278,62811,5219,1208,985

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$44.38$45.0039.7%11.4%16.2%41.4%39.7%4.5%-10.5%269.1K-3.8M-52.9K0.2364.96N/AN/A152355,9463,174
2019-05-02$43.64$45.0041.9%12.0%17.2%45.9%41.2%4.2%-12.1%182.0K-2.2M-51.1K0.8840.38N/AN/A3873395,9573,186
2019-05-03$39.41$45.0024.8%7.1%39.7%10.5%21.4%1.4%-0.2%-294.0K6.0M-36.0K0.6670.13N/AN/A6914546,1173,521
2019-05-06$40.00$42.5025.9%6.7%39.8%12.8%23.4%5.9%1.5%-324.8K5.2M-39.3K0.0570.84N/AN/A243126,3463,561
2019-05-07$37.86$40.0034.1%8.5%43.5%29.8%29.3%4.9%-1.3%-159.7K7.3M-33.2K1.4767.06N/AN/A2643886,3003,568
2019-05-08$38.70$40.0032.7%8.2%44.7%27.0%28.0%4.4%-1.1%-286.6K6.5M-36.8K1.5457.66N/AN/A2724206,3033,826
2019-05-09$37.72$40.0035.2%8.3%45.0%32.2%27.0%4.9%-1.5%-212.4K7.7M-33.0K1.9263.72N/AN/A9121,7526,3373,812
2019-05-10$38.03$40.0030.5%8.1%45.3%22.3%27.4%3.8%-1.3%-210.7K6.9M-42.8K9.8971.06N/AN/A9896,8864,163
2019-05-13$36.45$40.0039.9%8.5%46.8%41.8%30.0%3.7%-1.7%-145.2K8.1M-38.5K0.5964.89N/AN/A58346,8864,163
2019-05-14$36.84$40.0032.7%7.9%47.2%26.8%25.6%3.8%-1.1%-166.0K8.0M-38.0K3.6564.62N/AN/A4581,6706,9184,181
2019-05-15$36.82$40.0026.2%7.5%47.0%13.4%26.2%3.9%0.1%-173.6K8.2M-37.5K183.3364.53N/AN/A35506,9384,170
2019-05-16$37.02$40.0026.2%7.5%47.0%13.5%27.0%3.1%-0.1%-264.9K8.4M-41.1K36.7174.06N/AN/A176246,9354,500
2019-05-17$36.09$37.5028.2%8.1%46.6%17.5%26.4%4.4%0.0%-133.7K9.4M-37.5K13.3473.40N/AN/A476276,9504,571
2019-05-20$35.49$37.5029.2%8.4%46.4%19.6%27.4%4.0%-1.1%-136.3K5.2M-36.0K4.1772.92N/AN/A12505,4123,269
2019-05-21$35.77$37.5028.1%8.1%46.3%17.4%26.3%7.0%-0.1%-139.8K5.1M-35.7K1.1474.45N/AN/A44505,4243,279
2019-05-22$35.41$37.5027.8%8.0%46.1%16.8%26.1%4.5%-0.2%-143.1K5.4M-34.3K0.9874.12N/AN/A51505,4403,279
2019-05-23$34.69$37.5029.2%8.4%46.1%19.7%23.8%5.0%-0.7%-130.3K5.5M-33.6K6.8878.48N/AN/A976675,4413,187
2019-05-24$34.51$37.5027.3%7.8%45.2%15.7%25.0%4.0%0.2%-154.6K5.4M-33.1K6.2979.27N/AN/A1066675,4943,282
2019-05-28$34.47$37.5029.0%8.3%44.9%19.3%32.3%5.1%0.3%-153.9K5.0M-31.5K0.2474.73N/AN/A229555,5133,125
2019-05-29$34.24$37.5028.7%8.2%45.0%18.5%32.8%5.8%-0.4%-150.1K5.1M-31.4K0.1375.10N/AN/A413535,6313,168
2019-05-30$34.99$37.5028.4%8.2%46.5%18.1%31.5%3.6%0.6%-132.5K4.3M-35.0K0.5075.13N/AN/A115575,8073,158
2019-05-31$34.33$37.5029.5%8.5%46.5%20.3%33.4%5.6%0.2%-131.5K4.8M-33.4K0.1877.23N/AN/A337595,8233,162