TDC Options History — November 2020

In November 2020, TDC traded between $18.81 and $22.51. ATM implied volatility averaged 42.7%, placing in the 21.9% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded above realized volatility by 5.0% (HV 20d: 37.7%). Max pain ranged from $20.00 to $25.00. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 1.57.

Notable Days

  • 2020-11-03: Highest Volume — 6,786 contracts
  • 2020-11-06: Largest IV drop — 37.7% change
  • 2020-11-02: Highest IV Rank — 43.0%
  • 2020-11-02: Largest Expected Move — 17.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.81$18.81$22.51$18.81$21.93
Max Pain$24.25$20.00$25.00$20.00$25.00
ATM IV42.7%34.3%62.4%62.4%39.0%
Expected Move12.0%9.8%17.9%17.9%11.2%
HV 20d37.7%32.8%44.2%32.9%36.2%
HV 60d32.4%29.0%35.0%29.0%33.6%
IV Rank21.9%12.9%43.0%43.0%17.9%
IV Percentile28.8%6.3%78.2%78.2%21.0%
Term Structure-2.6%-13.5%0.7%-10.5%-1.6%
VWIV42.3%35.1%64.8%63.2%41.8%
Skew 25d0.4%-8.2%5.8%-3.2%0.5%
Skew 10d2.9%-23.2%20.9%-16.0%-0.8%
Call IV 25d42.5%33.4%68.2%64.1%41.1%
Put IV 25d42.9%29.3%64.5%60.9%41.7%
Bid-Ask Spread %46.5011.7082.1061.2263.45
Gamma HHI0.340.170.570.280.35
Net GEX13.4K-313.4K261.2K-116.2K70.3K
Net DEX3.6M-349.7K8.7M7.8M2.3M
Net VEX-33.5K-39.5K-29.8K-32.6K-30.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.570.0324.610.060.14
Total Volume944.85426,786215188
Total OI29,767.4522,24434,64223,33023,102

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-11-02$18.81$20.0062.4%17.9%32.9%43.0%63.2%-3.2%-10.5%-116.2K7.8M-32.6K0.0661.22N/AN/A2031212,31411,016
2020-11-03$19.21$20.0061.9%17.8%32.8%42.5%64.8%-3.8%-12.5%-106.0K7.1M-32.1K24.6152.32N/AN/A2656,52112,31411,016
2020-11-04$19.29$20.0062.4%17.9%33.0%43.0%61.6%-7.5%-13.5%-313.4K8.7M-37.8K1.2564.81N/AN/A8951,11512,64316,070
2020-11-05$19.98$25.0061.9%14.0%34.7%42.4%47.9%3.7%-4.4%-217.2K6.4M-39.5K0.9476.63N/AN/A1,5461,45413,48416,793
2020-11-06$20.55$25.0038.5%11.1%36.4%17.4%38.4%2.4%-0.9%10.8K4.1M-33.7K0.0463.86N/AN/A1,8847514,85618,045
2020-11-09$20.68$25.0042.0%11.1%36.6%21.2%38.5%2.3%-1.0%55.8K3.5M-32.0K0.0682.10N/AN/A6663715,63318,069
2020-11-10$20.32$25.0039.9%11.1%36.8%18.8%38.7%4.8%-2.2%9.5K4.8M-31.9K0.0821.25N/AN/A1,0498415,45718,076
2020-11-11$19.86$25.0038.4%11.0%37.3%17.3%38.5%-2.5%-2.6%-68.6K5.6M-34.0K0.7711.70N/AN/A655016,41318,095
2020-11-12$19.90$25.0038.0%10.9%37.4%16.8%38.1%-0.1%-0.5%-14.9K5.2M-33.0K0.3512.59N/AN/A311116,41518,055
2020-11-13$21.10$25.0038.5%11.0%42.5%17.4%38.6%0.6%-0.8%178.5K1.9M-34.9K0.2613.87N/AN/A3509216,43618,051
2020-11-16$21.80$25.0038.6%11.1%44.2%17.5%38.8%0.9%-1.7%261.2K-349.7K-37.1K0.2424.48N/AN/A2917116,56218,080
2020-11-17$21.63$25.0038.0%10.9%43.2%16.9%38.6%0.9%-0.4%211.1K360.7K-36.1K0.0357.35N/AN/A136416,44118,101
2020-11-18$21.30$25.0037.3%10.7%41.9%16.1%37.8%5.8%-1.1%77.4K1.5M-33.6K0.2577.47N/AN/A481216,45218,105
2020-11-19$21.05$25.0037.8%10.8%41.9%16.6%38.6%3.5%0.6%61.1K2.1M-32.1K0.5980.55N/AN/A342016,46718,102
2020-11-20$20.96$25.0037.1%10.6%41.5%15.9%37.2%1.8%0.1%11.1K2.3M-30.4K0.6449.75N/AN/A754816,46618,119
2020-11-23$21.29$25.0034.3%9.8%37.4%12.9%35.1%3.6%0.6%28.8K3.6M-29.8K0.1524.83N/AN/A3705612,22010,024
2020-11-24$21.66$25.0035.0%10.0%36.9%13.7%35.7%0.8%-0.0%43.0K2.9M-31.1K0.5646.02N/AN/A522912,37110,064
2020-11-25$22.51$25.0036.0%10.3%35.5%14.7%36.8%1.1%0.7%34.8K1.2M-33.4K0.2016.68N/AN/A71014312,39210,068
2020-11-27$22.41$25.0037.6%10.8%34.6%16.4%37.5%-8.2%-0.4%51.0K1.3M-33.3K0.2029.05N/AN/A1713412,77610,186
2020-11-30$21.93$25.0039.0%11.2%36.2%17.9%41.8%0.5%-1.6%70.3K2.3M-30.7K0.1463.45N/AN/A1652312,91110,191