TDC Options History — April 2020

In April 2020, TDC traded between $19.69 and $25.56. ATM implied volatility averaged 65.0%, placing in the 45.8% IV rank vs the trailing year. The 30-day expected move averaged 18.7%. IV traded above realized volatility by 2.1% (HV 20d: 62.9%). Max pain ranged from $20.00 to $25.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 2.24.

Notable Days

  • 2020-04-21: Highest Volume — 753 contracts
  • 2020-04-08: Largest IV spike — 15.4% change
  • 2020-04-01: Highest IV Rank — 54.1%
  • 2020-04-01: Largest Expected Move — 20.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.49$19.69$25.56$19.69$24.73
Max Pain$23.21$20.00$25.00$22.50$25.00
ATM IV65.0%56.1%72.7%72.7%63.2%
Expected Move18.7%17.2%20.8%20.8%18.1%
HV 20d62.9%37.5%87.3%84.6%44.0%
HV 60d59.6%57.0%61.8%57.0%61.8%
IV Rank45.8%36.2%54.1%54.1%43.9%
IV Percentile88.0%81.3%93.3%93.3%85.3%
Term Structure-8.0%-12.8%-0.7%-0.7%-12.8%
VWIV65.3%60.6%72.9%72.9%69.3%
Skew 25d6.7%-0.4%14.2%1.9%6.6%
Skew 10d20.2%-0.5%43.7%29.3%15.3%
Call IV 25d63.1%52.1%73.8%73.8%61.8%
Put IV 25d69.9%66.3%75.6%75.6%68.4%
Bid-Ask Spread %41.3116.6783.8983.8923.66
Gamma HHI0.230.130.650.160.19
Net GEX179.8K1.5K866.8K4.9K122.7K
Net DEX2.9M-2.5M9.5M9.5M-1.0M
Net VEX-86.7K-92.6K-81.1K-82.8K-88.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.240.0122.251.392.50
Total Volume345.5244275317942
Total OI26,212.90517,63232,40931,37618,761

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$19.69$22.5072.7%20.8%84.6%54.1%72.9%1.9%-0.7%4.9K9.5M-82.8K1.3983.89N/AN/A7510416,97114,405
2020-04-02$20.18$20.0072.1%20.6%84.9%53.4%69.9%-0.4%-9.0%37.9K7.9M-88.3K0.0139.43N/AN/A641816,98414,389
2020-04-03$20.37$20.0070.6%20.2%83.9%51.8%0.0%8.3%-10.1%82.2K7.1M-88.1K0.1141.43N/AN/A5396017,54814,377
2020-04-06$21.82$20.0063.0%18.7%87.0%43.6%66.9%6.4%-9.0%156.9K4.5M-90.5K0.5840.21N/AN/A1186817,24314,416
2020-04-07$21.40$20.0056.1%17.7%87.3%36.2%0.0%5.8%-8.5%215.5K5.8M-85.8K0.2259.87N/AN/A55112317,25414,446
2020-04-08$22.24$20.0064.7%18.5%87.3%45.4%63.2%4.5%-2.9%189.2K3.4M-90.5K0.2436.75N/AN/A3538516,97214,480
2020-04-09$22.34$20.0064.6%18.5%85.3%45.3%61.9%5.3%-5.9%229.3K3.3M-90.9K0.1752.22N/AN/A3786617,23414,562
2020-04-13$22.25$20.0068.0%19.5%78.0%49.0%71.0%4.3%-9.4%263.0K3.7M-87.3K1.5150.89N/AN/A16224517,58314,620
2020-04-14$22.52$25.0063.1%18.1%76.0%43.8%63.3%7.1%-6.7%293.4K2.8M-86.2K4.7740.07N/AN/A2210517,72314,557
2020-04-15$22.38$25.0065.8%18.9%75.7%46.6%65.6%6.8%-9.0%345.5K3.7M-84.0K22.2527.62N/AN/A48917,72814,623
2020-04-16$22.95$25.0065.8%18.9%55.6%46.6%65.5%5.3%-8.5%467.0K1.3M-88.0K2.8622.30N/AN/A11131817,72714,601
2020-04-17$22.77$25.0062.8%18.0%54.3%43.4%63.6%6.0%-2.3%866.8K751.0K-84.6K0.5130.78N/AN/A30215317,78114,628
2020-04-20$22.73$25.0066.0%18.9%54.1%46.9%64.7%5.5%-11.8%1.5K2.5M-83.1K0.2162.09N/AN/A4931028,6159,017
2020-04-21$21.99$25.0068.2%19.5%47.0%49.2%70.2%8.0%-7.3%7.9K2.9M-81.1K0.1443.60N/AN/A661929,0549,041
2020-04-22$22.50$25.0065.5%18.8%38.2%46.4%64.7%9.1%-7.0%40.8K2.1M-84.1K0.3516.67N/AN/A168589,7579,017
2020-04-23$22.64$25.0067.3%19.3%37.5%48.2%62.7%7.9%-8.9%45.3K1.9M-84.4K4.1334.65N/AN/A612529,8808,974
2020-04-24$23.20$25.0064.0%18.3%38.0%44.7%60.6%10.5%-8.0%67.6K1.1M-85.8K3.0940.20N/AN/A23719,9188,866
2020-04-27$24.10$25.0059.8%17.2%39.6%40.2%62.2%10.0%-8.2%97.3K-21.2K-88.3K0.5634.86N/AN/A61349,9358,941
2020-04-28$23.96$25.0060.8%17.4%39.7%41.3%61.5%8.4%-9.6%96.2K286.7K-85.3K0.1231.39N/AN/A82109,9698,960
2020-04-29$25.56$25.0061.7%17.7%43.6%42.3%61.8%14.2%-12.0%144.4K-2.5M-92.6K1.2554.92N/AN/A1632039,9608,954
2020-04-30$24.73$25.0063.2%18.1%44.0%43.9%69.3%6.6%-12.8%122.7K-1.0M-88.7K2.5023.66N/AN/A12309,9478,814