TDC Options History — February 2020

In February 2020, TDC traded between $19.53 and $25.36. ATM implied volatility averaged 43.9%, placing in the 46.2% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded above realized volatility by 6.6% (HV 20d: 37.3%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 11 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 1.26.

Notable Days

  • 2020-02-07: Highest Volume — 6,342 contracts
  • 2020-02-07: Largest IV drop — 49.5% change
  • 2020-02-06: Highest IV Rank — 89.7%
  • 2020-02-05: Largest Expected Move — 18.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.69$19.53$25.36$23.94$19.53
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV43.9%32.0%66.6%60.6%62.2%
Expected Move12.3%9.4%18.0%17.4%17.8%
HV 20d37.3%25.1%42.7%25.1%42.7%
HV 60d35.3%30.0%54.1%54.0%32.7%
IV Rank46.2%23.6%89.7%78.1%81.2%
IV Percentile72.3%43.7%98.8%98.0%97.6%
Term Structure-4.7%-18.1%-0.1%-15.5%-8.3%
VWIV43.0%30.9%63.9%60.9%63.9%
Skew 25d2.2%-2.0%4.0%3.4%2.6%
Skew 10d7.5%-0.3%20.3%5.4%6.3%
Call IV 25d43.5%32.1%63.8%61.7%63.8%
Put IV 25d45.7%34.5%66.4%65.0%66.4%
Bid-Ask Spread %45.3212.2767.4162.1764.76
Gamma HHI0.270.140.540.210.14
Net GEX110.0K-267.9K565.6K122.3K8.8K
Net DEX9.2M-6.5M13.3M6.9M11.7M
Net VEX-99.7K-130.4K-82.1K-112.8K-87.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.260.056.150.200.90
Total Volume1,679.9472546,3422,058254
Total OI32,886.78928,01538,39228,01532,574

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-02-03$23.94$25.0060.6%17.4%25.1%78.1%60.9%3.4%-15.5%122.3K6.9M-112.8K0.2062.17N/AN/A1,72033816,15711,858
2020-02-04$24.22$25.0060.9%17.5%25.6%78.8%61.1%0.4%-16.7%242.9K4.1M-115.8K6.1530.98N/AN/A4152,55217,62211,663
2020-02-05$24.63$25.0062.9%18.0%26.7%82.7%62.9%2.3%-18.1%334.2K1.3M-114.0K0.3740.15N/AN/A2,8491,04317,85810,572
2020-02-06$25.36$25.0066.6%13.8%28.7%89.7%47.9%-2.0%-7.9%565.6K-6.5M-130.4K0.4164.81N/AN/A2,4951,03320,54310,778
2020-02-07$23.39$25.0033.6%10.0%40.0%26.6%34.4%1.9%-2.4%540.6K7.5M-102.1K0.7461.16N/AN/A3,6492,69322,60010,991
2020-02-10$23.27$25.0034.1%9.6%40.0%27.4%30.9%2.4%-1.4%339.0K10.1M-100.9K0.1067.41N/AN/A8258021,44813,036
2020-02-11$23.01$25.0032.0%9.7%38.7%23.6%34.8%0.3%-0.4%192.4K11.2M-99.2K0.2918.42N/AN/A3329522,09112,992
2020-02-12$23.34$25.0033.7%9.6%39.5%26.6%33.4%2.3%-1.4%332.1K10.1M-101.5K1.4730.84N/AN/A12318122,10912,993
2020-02-13$23.02$25.0033.3%9.5%39.0%25.9%32.0%4.0%-0.5%156.9K11.3M-97.6K0.0657.34N/AN/A4192522,18112,971
2020-02-14$23.22$25.0034.3%9.8%39.4%27.9%34.5%3.3%-1.4%178.9K11.0M-97.3K0.4622.42N/AN/A56225722,07512,861
2020-02-18$22.85$25.0033.2%9.5%38.9%25.8%33.1%3.3%-0.1%-141.8K12.3M-94.9K0.9829.35N/AN/A44944022,62513,046
2020-02-19$22.57$25.0032.9%9.4%38.5%25.2%33.4%2.4%-0.1%-267.9K13.3M-94.2K3.1612.27N/AN/A18357923,06613,412
2020-02-20$22.89$25.0034.5%9.9%39.0%28.3%36.2%-0.4%-1.7%-222.2K11.5M-99.8K0.0525.53N/AN/A1,98110223,21913,611
2020-02-21$22.82$25.0036.5%10.5%39.0%32.1%38.4%2.4%-1.3%-69.5K9.2M-103.6K5.5237.11N/AN/A6234225,27213,120
2020-02-24$22.01$25.0039.0%11.2%40.2%36.9%38.9%3.1%-3.3%-54.4K11.6M-92.7K0.0954.69N/AN/A1,29812216,19712,731
2020-02-25$20.95$25.0046.2%13.3%42.1%50.7%44.7%3.3%-4.4%-78.4K13.0M-84.6K0.2560.27N/AN/A2325916,40512,735
2020-02-26$20.44$25.0047.3%13.6%42.1%52.8%46.8%3.1%-1.8%-83.5K13.2M-82.1K0.1459.64N/AN/A3,36848716,45712,727
2020-02-27$19.71$25.0049.9%14.3%42.7%57.7%48.5%3.5%-2.1%-6.5K12.5M-82.8K2.6761.75N/AN/A7520019,07513,178
2020-02-28$19.53$25.0062.2%17.8%42.7%81.2%63.9%2.6%-8.3%8.8K11.7M-87.5K0.9064.76N/AN/A13412019,18713,387