TDC Options History — September 2019

In September 2019, TDC traded between $29.84 and $34.25. ATM implied volatility averaged 32.9%, placing in the 27.2% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded below realized volatility by 4.8% (HV 20d: 37.7%). Max pain ranged from $32.50 to $35.00. Net GEX was positive for 11 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 2.63.

Notable Days

  • 2019-09-24: Highest Volume — 2,259 contracts
  • 2019-09-24: Largest IV spike — 17.7% change
  • 2019-09-24: Highest IV Rank — 37.4%
  • 2019-09-24: Largest Expected Move — 10.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.02$29.84$34.25$29.84$31.12
Max Pain$32.75$32.50$35.00$35.00$32.50
ATM IV32.9%29.6%37.8%34.3%35.6%
Expected Move9.4%8.8%10.8%9.8%10.2%
HV 20d37.7%34.0%43.1%40.0%37.1%
HV 60d36.1%33.9%37.4%33.9%37.4%
IV Rank27.2%20.4%37.4%30.3%32.9%
IV Percentile59.8%41.3%82.9%69.0%73.0%
Term Structure2.7%-0.7%5.1%-0.6%5.1%
VWIV33.4%30.4%41.9%41.9%37.6%
Skew 25d4.7%2.8%15.6%15.6%3.2%
Skew 10d8.2%-4.0%14.3%14.3%5.3%
Call IV 25d31.5%24.1%36.9%24.1%34.1%
Put IV 25d36.3%34.2%40.4%39.7%37.3%
Bid-Ask Spread %81.3465.1989.6968.8085.36
Gamma HHI0.340.240.410.350.40
Net GEX31.8K-110.2K290.8K-110.2K13.3K
Net DEX1.7M-6.6M10.7M10.7M3.4M
Net VEX-85.6K-101.8K-54.8K-54.8K-91.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.630.0033.133.117.31
Total Volume455.5592,259259241
Total OI23,810.821,09325,90721,09325,907

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-09-03$29.84$35.0034.3%9.8%40.0%30.3%41.9%15.6%-0.6%-110.2K10.7M-54.8K3.1168.80N/AN/A6319614,3526,741
2019-09-04$30.43$35.0034.3%9.8%40.6%30.2%34.3%5.2%-0.7%-69.7K8.0M-66.3K4.6965.19N/AN/A6731415,1596,915
2019-09-05$31.44$32.5031.9%8.9%41.9%25.3%31.0%5.0%2.2%-77.1K5.5M-76.1K0.5280.30N/AN/A251315,1867,217
2019-09-06$32.09$32.5029.6%8.8%40.2%20.4%31.1%3.2%2.3%-25.5K3.0M-80.7K0.0073.01N/AN/A1,555015,1807,228
2019-09-09$33.44$32.5033.5%9.3%43.1%28.6%32.2%5.0%2.1%180.1K-3.6M-94.9K0.0377.45N/AN/A72216,2157,228
2019-09-10$34.25$32.5030.7%8.8%38.1%22.8%31.7%5.5%2.0%290.8K-6.6M-95.5K0.3882.25N/AN/A2208415,8647,230
2019-09-11$33.95$32.5030.7%8.8%38.1%22.7%30.7%5.3%2.4%203.9K-4.9M-93.5K1.6178.68N/AN/A386115,7737,277
2019-09-12$33.36$32.5032.6%9.4%36.5%26.8%35.9%4.6%1.5%84.4K-1.9M-88.6K33.1384.98N/AN/A826515,8097,282
2019-09-13$32.84$32.5031.6%9.1%37.0%24.6%0.0%4.0%2.8%-5.6K407.0K-85.9K0.8079.85N/AN/A5415,8087,490
2019-09-16$33.12$32.5032.1%9.2%36.7%25.6%31.3%3.9%2.5%25.7K-716.3K-85.7K0.0185.49N/AN/A304315,8127,494
2019-09-17$32.11$32.5032.4%9.3%38.3%26.2%33.4%4.6%2.3%-62.7K3.4M-78.7K0.0478.00N/AN/A1,0774616,0027,502
2019-09-18$32.09$32.5032.9%9.4%35.0%27.3%32.2%3.2%2.4%-26.9K2.5M-84.6K0.0389.69N/AN/A73217,0587,549
2019-09-19$31.88$32.5031.4%9.0%35.0%24.3%31.6%4.1%2.7%-63.3K3.5M-81.0K0.0482.92N/AN/A5642517,1287,522
2019-09-20$31.60$32.5031.4%9.0%34.9%24.1%32.6%5.0%3.8%-22.2K3.2M-85.4K0.2988.76N/AN/A1594618,1727,457
2019-09-23$31.95$32.5032.1%9.2%34.0%25.7%32.1%3.0%4.0%16.8K121.6K-91.1K0.0785.28N/AN/A107716,6476,971
2019-09-24$30.73$32.5037.8%10.8%36.5%37.4%37.0%3.5%3.0%28.5K4.5M-81.7K0.0384.15N/AN/A2,1857416,7086,968
2019-09-25$31.65$32.5033.5%9.6%36.9%28.5%33.6%4.1%4.3%111.0K-481.9K-99.9K0.3883.59N/AN/A79330418,3657,248
2019-09-26$31.70$32.5033.1%9.5%36.5%27.8%30.4%2.8%4.9%94.0K36.8K-101.8K0.0285.73N/AN/A56118,3567,517
2019-09-27$30.89$32.5035.8%10.3%37.4%33.4%37.6%3.4%4.9%51.3K3.9M-93.2K0.1187.23N/AN/A47518,3627,517
2019-09-30$31.12$32.5035.6%10.2%37.1%32.9%0.0%3.2%5.1%13.3K3.4M-91.8K7.3185.36N/AN/A2921218,3897,518