TDC Options History — July 2019

In July 2019, TDC traded between $34.58 and $37.20. ATM implied volatility averaged 33.2%, placing in the 27.9% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded above realized volatility by 11.4% (HV 20d: 21.7%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 3.91.

Notable Days

  • 2019-07-31: Highest Volume — 7,785 contracts
  • 2019-07-10: Largest IV spike — 36.9% change
  • 2019-07-31: Highest IV Rank — 52.1%
  • 2019-07-31: Largest Expected Move — 12.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.34$34.58$37.20$36.69$36.91
Max Pain$35.00$35.00$35.00$35.00$35.00
ATM IV33.2%22.4%44.9%23.7%44.9%
Expected Move9.8%6.5%12.9%6.8%12.9%
HV 20d21.7%17.9%25.1%22.4%23.5%
HV 60d32.3%26.7%34.2%32.5%26.7%
IV Rank27.9%5.5%52.1%8.3%52.1%
IV Percentile59.5%7.1%93.7%11.9%93.7%
Term Structure-3.9%-11.6%8.6%6.9%-11.6%
VWIV36.2%23.3%47.8%25.7%46.0%
Skew 25d4.9%-1.6%6.6%6.6%5.9%
Skew 10d13.5%1.7%21.8%7.0%21.0%
Call IV 25d33.0%18.9%44.6%20.1%44.6%
Put IV 25d37.9%17.3%50.4%26.7%50.4%
Bid-Ask Spread %65.5957.4780.8263.3979.74
Gamma HHI0.250.200.380.200.26
Net GEX144.8K-57.3K283.1K142.3K-57.3K
Net DEX-297.6K-2.8M2.1M-1.4M2.1M
Net VEX-46.0K-68.6K-32.9K-50.4K-68.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.910.0044.180.2017.94
Total Volume1,102.31857,7851027,785
Total OI12,584.3646,99614,35814,25213,438

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-07-01$36.69$35.0023.7%6.8%22.4%8.3%25.7%6.6%6.9%142.3K-1.4M-50.4K0.2063.39N/AN/A85178,4505,802
2019-07-02$36.78$35.0022.7%6.5%21.9%6.1%23.9%3.9%8.6%186.0K-1.6M-49.6K0.8670.20N/AN/A43378,4595,823
2019-07-03$37.19$35.0023.2%6.7%21.4%7.3%23.3%-1.6%8.2%243.0K-2.7M-52.0K1.2871.79N/AN/A46598,4575,823
2019-07-05$37.20$35.0022.4%9.1%21.1%5.5%33.9%5.6%-2.5%283.1K-2.8M-50.8K0.6659.67N/AN/A89598,4555,840
2019-07-08$36.44$35.0024.1%9.3%22.5%9.2%0.0%5.0%-3.3%168.0K-717.0K-45.4K7.2459.83N/AN/A211528,4145,839
2019-07-09$36.64$35.0023.9%9.3%22.4%8.6%0.0%6.4%-3.3%224.4K-1.1M-46.1K7.4158.44N/AN/A221638,4235,913
2019-07-10$36.59$35.0032.7%9.4%22.2%26.9%34.0%6.0%-3.7%238.1K-959.4K-45.4K1.7357.62N/AN/A52908,4225,924
2019-07-11$36.10$35.0035.6%10.2%22.5%32.9%33.9%5.4%-4.5%171.5K25.9K-43.6K0.3060.66N/AN/A54168,4395,910
2019-07-12$36.61$35.0032.8%9.4%22.9%27.0%33.1%5.6%-3.7%277.4K-942.8K-43.9K0.7961.38N/AN/A47378,4445,912
2019-07-15$36.24$35.0036.7%10.5%22.0%35.2%0.0%5.8%-5.0%205.4K-35.6K-41.4K0.0057.47N/AN/A508,4405,913
2019-07-16$36.02$35.0036.0%10.3%18.1%33.8%34.6%5.2%-4.8%150.2K452.9K-39.7K0.0059.87N/AN/A608,4455,913
2019-07-17$35.88$35.0036.2%10.4%17.9%34.1%34.6%5.6%-5.5%78.3K523.6K-38.3K0.3958.34N/AN/A1878,4455,901
2019-07-18$35.50$35.0035.5%10.2%18.1%32.7%36.5%5.7%-5.3%46.0K449.2K-38.1K0.7769.63N/AN/A93728,4435,799
2019-07-19$35.19$35.0035.9%10.3%18.1%33.6%36.7%5.1%-6.2%-22.6K867.1K-36.1K0.6768.11N/AN/A117788,4565,784
2019-07-22$34.58$35.0036.9%10.6%19.0%35.6%35.6%5.2%-5.3%36.5K1.9M-32.9K0.0768.35N/AN/A2824,7662,241
2019-07-23$35.19$35.0036.8%10.6%20.0%35.5%37.5%4.7%-6.1%57.1K1.5M-33.3K0.0965.63N/AN/A108104,7912,242
2019-07-24$36.78$35.0035.5%10.2%25.1%32.6%40.4%4.1%-6.5%127.9K-258.9K-38.5K0.0174.68N/AN/A1,178144,7552,241
2019-07-25$36.57$35.0036.5%10.5%25.0%34.7%43.8%6.2%-6.7%218.2K-903.5K-41.9K0.0163.00N/AN/A1,153135,7702,246
2019-07-26$36.62$35.0037.3%10.7%24.4%36.4%42.0%1.8%-6.9%222.3K-1.2M-43.1K0.6969.73N/AN/A4,4853,0865,7712,246
2019-07-29$36.65$35.0039.4%11.3%24.4%40.8%47.8%4.8%-8.8%200.6K-953.5K-67.0K0.6780.82N/AN/A15107,5955,316
2019-07-30$37.18$35.0041.0%11.8%23.3%44.2%45.3%5.3%-10.4%-10.1K1.2M-66.1K44.1864.69N/AN/A1084,7716,3276,823
2019-07-31$36.91$35.0044.9%12.9%23.5%52.1%46.0%5.9%-11.6%-57.3K2.1M-68.6K17.9479.74N/AN/A4117,3746,3917,047