TDC Options History — July 2020

In July 2020, TDC traded between $19.36 and $20.90. ATM implied volatility averaged 53.6%, placing in the 31.6% IV rank vs the trailing year. The 30-day expected move averaged 15.7%. IV traded above realized volatility by 20.5% (HV 20d: 33.1%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 17 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.73.

Notable Days

  • 2020-07-13: Highest Volume — 2,533 contracts
  • 2020-07-13: Largest IV spike — 16.4% change
  • 2020-07-14: Highest IV Rank — 37.1%
  • 2020-07-30: Largest Expected Move — 16.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.22$19.36$20.90$20.73$20.90
Max Pain$20.57$20.00$22.50$20.00$20.00
ATM IV53.6%45.4%59.0%46.1%57.2%
Expected Move15.7%13.0%16.5%13.2%16.4%
HV 20d33.1%23.6%48.8%47.6%29.1%
HV 60d46.7%43.7%48.3%47.7%43.8%
IV Rank31.6%24.8%37.1%25.5%35.0%
IV Percentile68.1%55.6%74.6%57.5%71.8%
Term Structure-3.9%-8.3%9.3%9.1%-7.9%
VWIV55.8%50.0%59.9%51.6%57.2%
Skew 25d0.0%-9.0%5.9%-9.0%1.8%
Skew 10d-2.4%-24.8%9.2%-20.3%6.2%
Call IV 25d55.8%49.0%59.7%51.2%57.4%
Put IV 25d55.8%41.1%62.6%42.3%59.2%
Bid-Ask Spread %39.9224.4462.6424.4433.06
Gamma HHI0.250.160.470.330.22
Net GEX105.9K-53.1K465.8K443.4K22.4K
Net DEX4.7M797.0K8.2M1.3M4.0M
Net VEX-62.2K-79.7K-56.8K-79.1K-56.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.012.750.180.03
Total Volume631.318402,53360340
Total OI32,217.59121,12041,75539,65523,102

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-07-01$20.73$20.0046.1%13.2%47.6%25.5%51.6%-9.0%9.1%443.4K1.3M-79.1K0.1824.44N/AN/A5119228,27811,377
2020-07-02$20.84$20.0045.4%13.0%47.6%24.8%50.0%-8.0%9.3%465.8K797.0K-79.7K0.0343.10N/AN/A5901528,25511,442
2020-07-06$20.68$22.5049.4%15.6%47.0%29.0%54.7%-1.5%-3.2%400.3K2.0M-73.3K1.8750.60N/AN/A5511,03028,23811,434
2020-07-07$19.65$22.5050.4%15.6%48.8%29.0%56.3%-1.6%-2.5%127.9K5.9M-63.6K0.0745.47N/AN/A1,3449228,13011,461
2020-07-08$19.72$22.5050.1%15.7%48.8%28.6%55.2%0.1%-3.8%111.9K6.0M-64.4K0.2836.01N/AN/A48513827,95411,548
2020-07-09$19.74$20.0049.1%15.9%43.1%26.0%57.1%-1.1%-5.1%88.4K5.8M-63.1K0.1338.53N/AN/A3464528,19711,508
2020-07-10$19.68$20.0048.4%16.1%23.8%25.3%57.1%-1.7%-4.5%53.0K6.4M-60.8K0.7940.73N/AN/A15111928,29411,536
2020-07-13$19.47$20.0056.3%16.3%23.9%34.1%57.7%-1.4%-4.7%-1.6K6.9M-59.3K0.0145.96N/AN/A2,5052828,34611,601
2020-07-14$19.36$20.0059.0%15.9%23.6%37.1%57.3%-0.8%-3.7%125.3K6.9M-58.3K1.0839.84N/AN/A13614729,65211,595
2020-07-15$20.14$20.0055.9%16.0%28.1%33.6%57.3%1.7%-4.7%265.3K3.7M-62.1K1.8248.97N/AN/A5971,08929,69211,520
2020-07-16$19.80$20.0057.1%16.4%28.0%34.9%57.5%2.2%-4.1%320.4K5.7M-59.6K1.1936.42N/AN/A19523329,99711,698
2020-07-17$19.68$22.5055.4%15.9%27.9%33.0%54.4%2.6%-4.6%-53.1K8.2M-57.1K2.2959.81N/AN/A18341930,04811,707
2020-07-20$20.21$22.5053.6%15.4%29.3%31.0%54.4%1.3%-3.8%-48.5K5.4M-58.8K0.1243.83N/AN/A1,53619110,70410,416
2020-07-21$20.52$20.0055.0%15.8%29.8%32.6%54.3%1.3%-5.5%4384.2M-61.2K0.0426.50N/AN/A190811,82410,518
2020-07-22$20.46$20.0054.5%15.6%29.5%32.1%55.8%-0.9%-5.1%1.1K4.3M-60.8K2.7538.38N/AN/A287711,91510,526
2020-07-23$20.49$20.0054.2%15.5%28.9%31.7%55.3%-0.1%-4.3%6424.4M-60.5K2.1029.14N/AN/A316511,92610,600
2020-07-24$20.30$20.0055.3%15.9%28.9%33.0%55.7%1.3%-5.1%-11.0K4.8M-58.1K0.0627.83N/AN/A126811,93810,649
2020-07-27$20.61$20.0056.0%16.1%29.4%33.8%54.4%4.2%-7.7%1.1K4.5M-58.3K0.0130.63N/AN/A82112,04310,649
2020-07-28$20.43$20.0056.1%16.1%28.4%33.8%57.7%1.1%-7.8%-1.3K4.6M-56.9K0.3430.68N/AN/A582012,11610,649
2020-07-29$20.70$20.0057.2%16.4%28.9%35.1%59.9%5.9%-8.1%9.0K4.4M-58.4K0.5062.64N/AN/A884412,16010,664
2020-07-30$20.65$20.0057.6%16.5%28.8%35.4%57.8%2.8%-8.3%9.3K4.3M-57.2K0.4245.59N/AN/A1797612,19510,685
2020-07-31$20.90$20.0057.2%16.4%29.1%35.0%57.2%1.8%-7.9%22.4K4.0M-56.8K0.0333.06N/AN/A39112,36610,736