TDC Options History — May 2020

In May 2020, TDC traded between $19.55 and $23.61. ATM implied volatility averaged 55.0%, placing in the 35.1% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded above realized volatility by 2.7% (HV 20d: 52.3%). Max pain ranged from $20.00 to $25.00. Net GEX was positive for 7 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 9.03.

Notable Days

  • 2020-05-15: Highest Volume — 5,517 contracts
  • 2020-05-08: Largest IV drop — 35.2% change
  • 2020-05-07: Highest IV Rank — 64.2%
  • 2020-05-01: Largest Expected Move — 20.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.57$19.55$23.61$23.55$21.34
Max Pain$21.63$20.00$25.00$25.00$20.00
ATM IV55.0%41.3%82.2%69.8%41.3%
Expected Move14.2%11.8%20.0%20.0%11.8%
HV 20d52.3%42.0%60.2%48.6%55.4%
HV 60d62.6%60.1%64.7%62.5%63.9%
IV Rank35.1%20.3%64.2%50.9%20.3%
IV Percentile74.1%56.7%95.2%91.3%56.7%
Term Structure-2.0%-14.1%1.3%-14.1%0.1%
VWIV47.8%41.8%66.9%66.9%41.8%
Skew 25d6.5%3.3%11.5%8.2%7.9%
Skew 10d13.4%-4.9%27.4%13.3%25.6%
Call IV 25d46.1%37.5%64.0%64.0%37.5%
Put IV 25d52.5%43.5%72.3%72.3%45.4%
Bid-Ask Spread %38.7517.8165.8317.8131.62
Gamma HHI0.210.140.340.170.21
Net GEX-69.7K-213.4K88.5K79.7K-122.9K
Net DEX5.1M908.8K7.9M1.2M6.2M
Net VEX-68.6K-82.7K-59.3K-82.7K-61.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio9.030.00124.210.711.15
Total Volume603.425,51724168
Total OI21,701.518,73424,27918,74424,279

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-05-01$23.55$25.0069.8%20.0%48.6%50.9%66.9%8.2%-14.1%79.7K1.2M-82.7K0.7117.81N/AN/A14109,9418,803
2020-05-04$23.12$22.5074.4%16.2%49.5%55.9%53.3%7.1%-4.8%65.6K1.9M-78.4K1.7420.78N/AN/A19339,9418,800
2020-05-05$22.88$22.5076.9%16.0%43.9%58.5%0.0%5.8%-3.1%55.1K2.2M-76.8K1.0021.75N/AN/A119,9378,797
2020-05-06$22.99$22.5079.2%16.1%43.1%61.1%0.0%5.7%-5.9%62.5K2.1M-77.1K0.4331.74N/AN/A44199,9368,798
2020-05-07$23.61$22.5082.2%16.6%42.0%64.2%54.4%9.2%-3.3%88.5K908.8K-80.7K0.3746.43N/AN/A1,1044139,9468,799
2020-05-08$23.54$22.5053.2%13.9%42.1%33.2%45.7%5.1%1.2%85.1K1.7M-77.2K0.5059.00N/AN/A44522410,7218,910
2020-05-11$23.03$22.5060.3%13.4%42.9%40.7%45.5%4.6%-0.9%42.1K2.8M-72.8K0.6440.87N/AN/A61239010,8568,971
2020-05-12$21.30$22.5048.0%13.3%51.2%27.6%46.6%7.0%-1.4%-44.4K5.3M-65.3K3.4530.72N/AN/A2910011,1159,203
2020-05-13$20.05$22.5051.6%14.8%55.1%31.4%54.1%4.0%-2.2%-70.6K6.7M-59.3K124.2165.83N/AN/A141,73911,1349,215
2020-05-14$19.91$22.5050.5%14.5%53.9%30.2%49.9%6.5%-1.1%-114.1K7.6M-61.2K0.1051.17N/AN/A73711,13210,675
2020-05-15$19.55$22.5048.1%13.8%54.1%27.6%51.9%3.3%0.3%-115.0K7.9M-59.4K39.2753.63N/AN/A1375,38011,17410,674
2020-05-18$20.77$22.5047.6%13.7%59.2%27.1%43.2%11.5%-1.6%-205.2K7.6M-67.9K0.0641.23N/AN/A593339,10814,384
2020-05-19$20.24$20.0046.9%13.4%58.8%26.3%44.4%5.1%-0.1%-213.4K7.9M-65.4K0.0048.46N/AN/A609,58714,404
2020-05-20$20.35$20.0046.2%13.2%58.1%25.6%43.7%6.4%-1.4%-212.9K7.9M-64.9K1.9026.08N/AN/A20389,58514,416
2020-05-21$20.68$20.0045.5%13.1%58.4%24.9%42.0%5.7%-0.0%-188.1K7.3M-64.4K2.1849.48N/AN/A22489,60214,443
2020-05-22$20.35$20.0045.5%13.1%57.5%24.9%47.6%7.4%-0.2%-212.9K7.9M-63.9K2.4326.53N/AN/A7179,61714,520
2020-05-26$20.95$20.0046.6%13.4%56.7%26.1%44.8%8.8%-1.7%-161.6K6.7M-62.6K0.2636.55N/AN/A133349,62514,521
2020-05-27$22.02$20.0042.1%12.1%60.2%21.3%42.3%6.5%-0.4%-82.9K5.0M-67.0K0.1030.60N/AN/A6369,69914,502
2020-05-28$21.13$20.0044.9%12.9%55.7%24.2%42.9%3.8%1.3%-128.6K6.1M-62.8K0.0644.78N/AN/A6849,75414,506
2020-05-29$21.34$20.0041.3%11.8%55.4%20.3%41.8%7.9%0.1%-122.9K6.2M-61.6K1.1531.62N/AN/A78909,76914,510