TDC Options History — December 2019

In December 2019, TDC traded between $25.36 and $26.97. ATM implied volatility averaged 38.1%, placing in the 35.2% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded below realized volatility by 7.1% (HV 20d: 45.2%). Max pain ranged from $25.00 to $32.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.47.

Notable Days

  • 2019-12-02: Highest Volume — 10,374 contracts
  • 2019-12-09: Largest IV spike — 8.6% change
  • 2019-12-27: Highest IV Rank — 41.4%
  • 2019-12-27: Largest Expected Move — 11.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.37$25.36$26.97$26.55$26.87
Max Pain$27.50$25.00$32.50$32.50$27.50
ATM IV38.1%35.6%41.4%37.4%37.5%
Expected Move10.9%10.2%11.9%10.7%10.7%
HV 20d45.2%28.7%86.8%86.8%29.1%
HV 60d54.8%54.2%55.7%55.2%54.4%
IV Rank35.2%30.3%41.4%33.9%34.0%
IV Percentile78.7%67.1%86.5%78.6%75.4%
Term Structure3.3%-1.4%5.9%-0.4%5.7%
VWIV38.4%35.9%42.8%39.6%37.7%
Skew 25d0.4%-4.9%3.8%2.5%-2.0%
Skew 10d0.3%-13.6%15.2%4.9%-5.5%
Call IV 25d39.2%36.1%45.0%39.3%40.1%
Put IV 25d39.7%36.9%42.7%41.8%38.2%
Bid-Ask Spread %65.3729.4881.2780.5062.12
Gamma HHI0.310.250.360.330.36
Net GEX826.2K450.5K1.2M450.5K1.2M
Net DEX-477.5K-9.3M8.1M3.7M-6.5M
Net VEX-170.6K-185.0K-135.0K-135.0K-170.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.470.041.410.470.68
Total Volume1,879.42923510,37410,374412
Total OI47,561.90536,60152,58036,60146,481

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-12-02$26.55$32.5037.4%10.7%86.8%33.9%39.6%2.5%-0.4%450.5K3.7M-135.0K0.4780.50N/AN/A7,0373,33726,23310,368
2019-12-03$26.01$30.0039.9%11.4%86.6%38.6%39.6%3.8%-1.4%604.4K2.8M-165.5K0.7081.27N/AN/A1,6821,18031,14813,125
2019-12-04$25.87$32.5039.2%11.2%86.6%37.2%39.0%3.6%0.3%596.8K3.1M-166.8K0.3277.12N/AN/A71022632,11013,692
2019-12-05$25.69$27.5037.4%10.7%86.6%33.9%37.8%0.3%3.8%576.0K4.3M-164.3K0.4268.53N/AN/A50621432,61313,653
2019-12-06$26.29$25.0036.0%10.5%85.8%31.1%37.0%1.4%3.4%730.4K434.9K-171.2K1.1070.67N/AN/A1,9002,08932,69013,642
2019-12-09$26.07$25.0039.1%10.6%36.0%37.1%37.3%1.2%4.5%657.3K3.1M-172.9K1.4169.32N/AN/A25335634,22415,468
2019-12-10$25.85$25.0037.0%10.6%32.7%33.0%37.3%1.0%4.5%583.6K5.3M-168.1K0.3260.84N/AN/A1785734,32515,738
2019-12-11$25.36$25.0037.2%10.7%33.0%33.4%37.6%1.7%3.6%460.6K8.1M-160.9K0.2562.57N/AN/A46211534,41515,753
2019-12-12$26.85$25.0037.5%10.7%37.6%34.0%37.9%1.3%3.4%884.3K-3.0M-185.0K0.3568.11N/AN/A1,89867134,49315,715
2019-12-13$26.47$27.5035.6%10.2%34.2%30.3%35.9%2.3%4.7%838.5K375.8K-178.4K0.4664.49N/AN/A77535734,59315,878
2019-12-16$26.65$27.5036.8%10.6%34.2%32.7%36.8%-0.8%3.3%886.1K-4.8K-176.3K0.7329.48N/AN/A22216334,52516,232
2019-12-17$26.15$27.5037.1%10.6%34.6%33.2%36.8%0.7%4.7%745.9K3.8M-169.1K0.2556.82N/AN/A49912334,57916,323
2019-12-18$26.17$27.5037.3%10.7%33.8%33.6%36.6%1.7%4.6%768.4K3.5M-167.8K0.5364.37N/AN/A19310334,74416,329
2019-12-19$26.80$27.5039.1%11.2%34.7%37.0%39.3%0.3%0.8%959.4K-2.2M-173.8K0.0468.25N/AN/A3,27411934,82815,971
2019-12-20$26.71$27.5038.4%11.0%30.6%35.7%38.4%-0.3%2.7%1.0M-3.6M-180.5K0.1870.41N/AN/A98117336,54516,035
2019-12-23$26.97$27.5039.4%11.3%29.7%37.5%38.9%-0.8%3.0%1.1M-9.3M-181.2K0.4460.14N/AN/A55624231,45713,392
2019-12-24$26.80$27.5039.4%11.3%29.8%37.5%39.1%-0.9%4.3%1.1M-8.3M-178.3K0.5866.89N/AN/A33219431,40013,543
2019-12-26$26.61$27.5040.0%11.5%29.3%38.9%42.8%-2.9%5.5%1.1M-6.4M-175.1K0.1259.84N/AN/A1,62418731,62313,619
2019-12-27$26.60$27.5041.4%11.9%29.2%41.4%42.0%-4.9%2.5%1.1M-6.4M-176.6K0.3667.71N/AN/A93833531,73913,724
2019-12-30$26.49$27.5037.9%10.9%28.7%34.8%39.0%0.1%5.9%979.5K-2.8M-165.3K0.0863.42N/AN/A4,44335231,95613,879
2019-12-31$26.87$27.5037.5%10.7%29.1%34.0%37.7%-2.0%5.7%1.2M-6.5M-170.6K0.6862.12N/AN/A24516732,33314,148