TDC Options History — August 2020

In August 2020, TDC traded between $20.55 and $24.71. ATM implied volatility averaged 45.1%, placing in the 21.6% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded below realized volatility by 14.6% (HV 20d: 59.7%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.14.

Notable Days

  • 2020-08-10: Highest Volume — 7,822 contracts
  • 2020-08-07: Largest IV drop — 29.7% change
  • 2020-08-04: Highest IV Rank — 41.6%
  • 2020-08-04: Largest Expected Move — 18.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.72$20.55$24.71$21.65$24.40
Max Pain$21.90$20.00$22.50$20.00$22.50
ATM IV45.1%37.1%63.1%62.3%39.6%
Expected Move12.7%10.6%18.1%17.8%11.4%
HV 20d59.7%24.6%67.8%31.5%66.3%
HV 60d49.7%42.0%53.4%44.1%49.8%
IV Rank21.6%12.7%41.6%40.7%15.5%
IV Percentile44.0%21.8%80.6%79.0%33.3%
Term Structure-0.6%-13.5%4.1%-12.7%2.5%
VWIV45.1%37.5%66.4%63.6%39.5%
Skew 25d0.1%-2.5%2.5%-1.2%-1.2%
Skew 10d0.7%-6.2%13.2%-3.9%-5.8%
Call IV 25d45.6%38.7%65.7%63.6%40.8%
Put IV 25d45.7%38.0%66.5%62.4%39.6%
Bid-Ask Spread %43.8818.8476.4843.6019.74
Gamma HHI0.310.160.390.230.38
Net GEX322.7K23.7K559.4K64.8K354.1K
Net DEX-8.0M-15.3M4.3M2.0M-9.2M
Net VEX-71.0K-82.3K-55.6K-61.5K-67.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.140.010.870.050.02
Total Volume1,154.381967,822789163
Total OI26,579.42923,14029,68323,14025,584

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-08-03$21.65$20.0062.3%17.8%31.5%40.7%63.6%-1.2%-12.7%64.8K2.0M-61.5K0.0543.60N/AN/A7494012,40510,735
2020-08-04$21.57$20.0063.1%18.1%24.6%41.6%64.2%-2.5%-13.5%76.4K1.9M-60.4K0.0132.62N/AN/A405612,65610,706
2020-08-05$20.55$20.0062.1%17.8%31.0%40.5%66.4%2.5%-11.9%23.7K4.3M-55.6K0.5152.79N/AN/A58930012,64510,697
2020-08-06$20.71$20.0063.1%14.5%31.0%41.6%50.2%-0.3%-2.3%34.8K3.9M-56.3K0.0560.12N/AN/A8103912,83510,795
2020-08-07$24.58$20.0044.3%12.4%67.4%20.7%43.8%-2.4%-0.4%250.3K-6.6M-67.1K0.1468.75N/AN/A4,47063413,06910,808
2020-08-10$24.14$22.5046.6%12.8%67.8%23.3%44.4%1.2%1.8%165.3K-3.5M-63.4K0.0468.18N/AN/A7,49332912,10911,103
2020-08-11$24.20$22.5042.4%12.6%67.6%18.5%43.7%1.6%1.1%398.5K-10.9M-79.8K0.1440.50N/AN/A95513117,06711,146
2020-08-12$24.23$22.5043.3%12.4%66.8%19.5%43.6%2.1%1.1%413.9K-11.6M-78.1K0.0233.22N/AN/A6881617,56411,141
2020-08-13$23.80$22.5043.0%12.3%66.8%19.3%42.9%-0.5%1.4%446.6K-10.5M-81.4K0.1340.92N/AN/A5667117,95011,151
2020-08-14$24.01$22.5043.9%12.6%66.6%20.3%44.3%1.6%-0.3%475.0K-12.0M-82.3K0.2576.26N/AN/A1343318,42011,138
2020-08-17$23.84$22.5043.5%12.5%66.5%19.8%43.5%-1.0%0.8%482.9K-11.5M-80.5K0.0676.48N/AN/A3452118,43011,144
2020-08-18$24.11$22.5042.8%12.3%66.5%19.0%43.8%1.0%-0.1%498.9K-12.7M-78.8K0.1866.56N/AN/A3927218,53911,144
2020-08-19$24.70$22.5039.4%11.3%66.6%15.2%41.4%1.7%2.0%559.4K-15.3M-77.9K0.0554.41N/AN/A2,53712718,47811,195
2020-08-20$24.45$22.5038.8%11.1%66.9%14.5%40.2%0.3%1.7%516.0K-13.6M-75.3K0.1126.23N/AN/A1461618,31311,254
2020-08-21$24.38$22.5039.3%11.3%66.7%15.1%39.3%-0.5%2.1%303.5K-13.0M-73.9K0.8738.35N/AN/A24221118,33211,262
2020-08-24$24.71$22.5038.3%11.0%66.7%13.9%38.7%-0.1%3.3%312.8K-10.2M-72.0K0.1226.72N/AN/A4815715,3689,928
2020-08-25$24.48$22.5037.1%10.6%66.7%12.7%37.5%-0.8%3.5%339.1K-9.8M-69.4K0.0718.84N/AN/A2481815,6859,960
2020-08-26$24.60$22.5037.7%10.8%66.7%13.3%38.7%-0.1%2.4%349.3K-10.2M-70.7K0.0219.45N/AN/A378715,7129,978
2020-08-27$24.41$22.5039.7%11.4%66.9%15.5%39.5%-0.4%1.2%353.0K-9.7M-69.8K0.0831.28N/AN/A89715,8739,975
2020-08-28$24.60$22.5037.7%10.8%66.9%13.4%38.7%0.7%4.1%357.9K-10.1M-70.2K0.0326.55N/AN/A220715,8929,982
2020-08-31$24.40$22.5039.6%11.4%66.3%15.5%39.5%-1.2%2.5%354.1K-9.2M-67.2K0.0219.74N/AN/A160315,5969,988