TDC Options History — November 2019

In November 2019, TDC traded between $25.19 and $31.31. ATM implied volatility averaged 41.8%, placing in the 43.9% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded below realized volatility by 29.4% (HV 20d: 71.2%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 4.61.

Notable Days

  • 2019-11-20: Highest Volume — 8,712 contracts
  • 2019-11-12: Largest IV spike — 57.4% change
  • 2019-11-04: Highest IV Rank — 100.0%
  • 2019-11-01: Largest Expected Move — 17.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.45$25.19$31.31$30.23$26.52
Max Pain$32.75$30.00$35.00$30.00$32.50
ATM IV41.8%25.7%72.0%60.1%34.0%
Expected Move10.3%8.6%17.2%17.2%9.8%
HV 20d71.2%24.6%87.7%27.0%87.1%
HV 60d49.8%31.4%56.4%33.7%55.4%
IV Rank43.9%11.5%100.0%83.8%27.3%
IV Percentile67.1%15.5%100.0%99.2%63.9%
Term Structure-2.4%-19.1%0.8%-19.1%-0.4%
VWIV36.3%30.8%60.6%60.6%35.0%
Skew 25d2.7%-0.1%5.9%-0.1%2.2%
Skew 10d4.6%-8.8%11.1%-7.1%-7.9%
Call IV 25d35.9%30.4%60.7%60.7%35.2%
Put IV 25d38.6%32.7%60.7%60.7%37.4%
Bid-Ask Spread %75.1411.6891.3776.1811.68
Gamma HHI0.290.220.360.270.34
Net GEX490.2K3.5K1.2M1.1M444.8K
Net DEX1.6M-16.7M13.7M-12.5M3.9M
Net VEX-102.7K-142.2K-55.1K-120.8K-133.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.610.0655.520.260.50
Total Volume1,738.5268,7121,41866
Total OI32,039.2527,32836,57527,59936,575

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-11-01$30.23$30.0060.1%17.2%27.0%83.8%60.6%-0.1%-19.1%1.1M-12.5M-120.8K0.2676.18N/AN/A1,12829021,9935,606
2019-11-04$30.69$35.0066.3%12.1%27.4%100.0%42.0%3.0%-5.4%1.1M-13.7M-121.0K1.0774.35N/AN/A1,2621,35421,7525,886
2019-11-05$30.48$35.0067.9%12.0%24.6%100.0%42.4%2.9%-6.5%1.0M-11.9M-123.1K0.4075.21N/AN/A74930121,8576,556
2019-11-06$30.20$35.0068.7%11.9%24.9%100.0%40.4%2.7%-5.4%1.0M-10.6M-123.6K0.1079.41N/AN/A7256922,0876,839
2019-11-07$31.31$35.0072.0%11.4%27.7%100.0%39.8%4.2%-3.9%1.2M-16.7M-127.4K0.6278.51N/AN/A2,4551,52822,1036,900
2019-11-08$25.19$32.5043.7%10.2%82.5%45.9%35.6%5.9%-2.6%3.5K13.7M-55.1K1.3869.79N/AN/A2,9394,05023,1148,320
2019-11-11$26.28$32.5025.7%9.0%84.4%11.5%31.6%2.6%-0.3%104.5K9.6M-65.7K0.3591.37N/AN/A88330624,4218,790
2019-11-12$25.91$32.5040.5%9.3%84.3%39.8%32.0%2.9%-1.0%94.4K10.6M-63.3K0.7883.99N/AN/A21917124,5178,767
2019-11-13$25.24$32.5033.0%9.5%84.5%25.4%33.8%0.9%-1.9%103.9K11.2M-60.1K0.1183.80N/AN/A1,12212224,4888,712
2019-11-14$26.46$32.5031.0%8.9%86.7%21.6%32.7%1.9%-0.6%214.3K7.9M-74.8K0.2884.75N/AN/A55415325,4798,588
2019-11-15$26.65$32.5029.9%8.6%86.6%19.5%30.8%2.3%-0.7%262.9K7.7M-76.0K2.2780.13N/AN/A14733425,7318,599
2019-11-18$26.36$32.5030.7%8.8%86.5%21.0%30.8%2.7%-0.8%226.7K7.0M-70.6K1.8676.34N/AN/A5710620,2587,239
2019-11-19$26.89$32.5031.1%8.9%86.5%21.8%31.7%2.9%-0.3%295.5K5.0M-76.4K25.2277.76N/AN/A741,86620,2677,061
2019-11-20$27.20$32.5033.8%9.7%86.4%26.9%34.0%3.5%-0.1%310.5K5.2M-100.1K0.0687.27N/AN/A8,18852420,2878,811
2019-11-21$26.01$32.5037.5%10.7%87.6%33.9%37.9%4.2%-1.2%344.6K5.4M-119.2K0.1480.02N/AN/A81411325,5469,320
2019-11-22$26.60$30.0032.3%9.3%87.7%24.0%32.3%2.6%0.8%483.6K2.5M-131.3K0.7972.41N/AN/A13510626,1949,402
2019-11-25$26.68$32.5033.1%9.5%87.3%25.5%35.4%3.4%0.4%493.2K2.4M-130.3K55.5278.51N/AN/A311,72126,1599,482
2019-11-26$27.13$32.5032.2%9.2%87.2%23.9%33.6%1.7%0.6%528.0K2.0M-142.2K0.2871.53N/AN/A641826,17810,340
2019-11-27$26.95$32.5033.0%9.4%87.2%25.3%33.4%1.4%-0.0%506.8K2.5M-139.4K0.3069.84N/AN/A20626,21510,346
2019-11-29$26.52$32.5034.0%9.8%87.1%27.3%35.0%2.2%-0.4%444.8K3.9M-133.1K0.5011.68N/AN/A442226,22510,350