TDC Options History — January 2020

In January 2020, TDC traded between $24.22 and $27.27. ATM implied volatility averaged 44.2%, placing in the 46.8% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded above realized volatility by 22.8% (HV 20d: 21.4%). Max pain ranged from $27.50 to $27.50. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.74.

Notable Days

  • 2020-01-31: Highest Volume — 5,178 contracts
  • 2020-01-15: Largest IV spike — 23.1% change
  • 2020-01-31: Highest IV Rank — 70.1%
  • 2020-01-31: Largest Expected Move — 16.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.37$24.22$27.27$26.56$24.22
Max Pain$27.50$27.50$27.50$27.50$27.50
ATM IV44.2%33.8%56.4%38.1%56.4%
Expected Move13.3%10.9%16.2%10.9%16.2%
HV 20d21.4%15.5%28.4%28.4%25.0%
HV 60d53.8%53.3%54.5%54.5%54.0%
IV Rank46.8%26.8%70.1%35.1%70.1%
IV Percentile86.2%53.6%96.8%78.2%96.8%
Term Structure-5.5%-11.2%6.8%4.8%-10.7%
VWIV47.1%37.9%56.6%38.1%56.6%
Skew 25d2.4%-2.1%4.8%-1.2%0.7%
Skew 10d4.5%-12.4%18.5%-9.7%-0.1%
Call IV 25d46.8%39.7%57.4%39.7%57.4%
Put IV 25d49.2%37.8%58.2%38.5%58.2%
Bid-Ask Spread %45.8415.8364.8964.8954.91
Gamma HHI0.450.350.770.380.40
Net GEX865.5K-137.0K3.8M1.1M-137.0K
Net DEX2.0M-5.4M9.8M-2.5M9.8M
Net VEX-136.5K-161.9K-111.0K-161.9K-111.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.033.750.180.10
Total Volume641.762385,1783625,178
Total OI36,239.23821,73346,68946,57923,306

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-01-02$26.56$27.5038.1%10.9%28.4%35.1%38.1%-1.2%4.8%1.1M-2.5M-161.9K0.1864.89N/AN/A3075532,19714,382
2020-01-03$26.41$27.5038.6%11.1%28.4%36.1%37.9%-2.1%6.8%1.0M-931.8K-159.2K0.1864.62N/AN/A2654932,23814,443
2020-01-06$26.52$27.5039.3%12.5%28.3%37.5%44.6%3.3%-2.7%1.0M-1.8M-156.4K0.4921.15N/AN/A954732,11114,468
2020-01-07$26.42$27.5038.5%12.7%27.1%35.8%46.0%2.6%-3.7%1.0M-4.8K-151.8K1.7320.00N/AN/A518832,15314,500
2020-01-08$26.72$27.5037.6%12.8%27.2%34.1%45.0%3.1%-4.7%1.3M-2.0M-151.8K0.1330.52N/AN/A1331732,12714,562
2020-01-09$26.64$27.5037.3%12.4%27.0%33.6%43.5%2.8%-3.5%1.3M-1.0M-149.6K0.1225.37N/AN/A1561832,06014,568
2020-01-10$26.48$27.5033.8%12.7%26.1%26.8%44.9%2.2%-4.2%1.1M2.0M-142.5K0.4623.13N/AN/A1567232,01914,565
2020-01-13$27.02$27.5040.0%13.2%17.7%38.8%46.4%2.1%-4.9%2.0M-3.2M-143.1K0.2454.60N/AN/A45310831,91514,615
2020-01-14$27.00$27.5037.6%13.0%16.9%34.2%45.4%-0.3%-4.2%2.3M-2.5M-142.1K0.1743.60N/AN/A1212031,88214,567
2020-01-15$27.27$27.5046.3%13.3%17.1%50.8%46.6%1.3%-6.0%3.2M-5.4M-139.8K0.3247.77N/AN/A42713731,89314,478
2020-01-16$27.14$27.5045.2%12.9%15.5%48.6%45.2%1.2%-5.9%3.8M-1.8M-138.2K0.0455.51N/AN/A2,5959731,94314,471
2020-01-17$26.40$27.5045.2%13.0%18.7%48.7%45.9%4.2%-7.0%-97.0K4.9M-129.7K0.5442.25N/AN/A22812430,58714,300
2020-01-21$26.59$27.5046.4%13.3%16.8%51.0%46.8%4.2%-7.3%-101.0K4.9M-127.4K0.1015.83N/AN/A9549910,38111,352
2020-01-22$26.77$27.5046.3%13.3%17.0%50.7%46.4%2.9%-6.6%-59.3K4.1M-128.9K0.6955.90N/AN/A18913110,96611,438
2020-01-23$26.73$27.5047.0%13.5%16.6%52.1%47.9%4.8%-7.8%-53.9K4.2M-128.8K0.7648.89N/AN/A503811,11311,482
2020-01-24$26.41$27.5047.1%13.5%17.0%52.4%47.9%4.1%-7.7%-64.1K5.1M-127.4K1.1358.08N/AN/A394411,14111,497
2020-01-27$25.63$27.5052.0%14.9%19.8%61.7%52.6%3.3%-9.5%-106.9K7.2M-120.3K0.9059.36N/AN/A948511,15311,497
2020-01-28$25.72$27.5051.1%14.7%19.9%60.1%52.0%4.3%-9.0%-107.2K7.2M-117.9K3.7556.32N/AN/A83011,17111,538
2020-01-29$25.73$27.5051.9%14.9%19.9%61.5%52.7%3.0%-11.2%-114.0K7.3M-119.4K0.0358.99N/AN/A5281711,17111,549
2020-01-30$25.41$27.5052.6%15.1%19.3%63.0%56.3%4.4%-9.8%-99.4K7.5M-118.7K3.4660.93N/AN/A3913511,67311,552
2020-01-31$24.22$27.5056.4%16.2%25.0%70.1%56.6%0.7%-10.7%-137.0K9.8M-111.0K0.1054.91N/AN/A4,68948911,68311,623