TDC Options History — December 2020

In December 2020, TDC traded between $21.47 and $23.51. ATM implied volatility averaged 44.6%, placing in the 24.0% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded above realized volatility by 10.5% (HV 20d: 34.1%). Max pain ranged from $20.00 to $25.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 0.30.

Notable Days

  • 2020-12-09: Highest Volume — 19,775 contracts
  • 2020-12-09: Largest IV spike — 35.7% change
  • 2020-12-09: Highest IV Rank — 30.7%
  • 2020-12-09: Largest Expected Move — 14.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.54$21.47$23.51$21.57$22.44
Max Pain$20.45$20.00$25.00$25.00$20.00
ATM IV44.6%36.8%50.9%39.8%44.0%
Expected Move12.7%10.3%14.6%11.4%12.6%
HV 20d34.1%29.1%38.9%36.7%29.2%
HV 60d34.3%33.1%35.1%33.8%33.4%
IV Rank24.0%15.5%30.7%18.7%23.2%
IV Percentile38.1%7.9%57.1%25.8%31.3%
Term Structure0.5%-4.6%5.5%-3.0%5.5%
VWIV46.7%35.6%54.6%40.0%49.2%
Skew 25d-1.4%-4.8%5.3%-1.3%-1.4%
Skew 10d-5.1%-17.2%10.6%-7.2%-7.7%
Call IV 25d47.7%34.9%56.8%42.6%49.6%
Put IV 25d46.3%39.0%52.1%41.2%48.2%
Bid-Ask Spread %57.2724.8676.4724.8659.49
Gamma HHI0.510.250.660.350.55
Net GEX241.8K73.1K366.5K73.1K326.8K
Net DEX-2.2M-6.4M3.3M2.9M-4.9M
Net VEX-40.1K-48.5K-29.5K-29.7K-41.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.300.003.090.840.15
Total Volume1,421.54511119,775245186
Total OI23,342.45513,21932,89523,21615,611

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-12-01$21.57$25.0039.8%11.4%36.7%18.7%40.0%-1.3%-3.0%73.1K2.9M-29.7K0.8424.86N/AN/A13311213,02410,192
2020-12-02$21.52$25.0038.9%11.1%36.4%17.8%38.9%4.1%-1.2%81.8K3.2M-29.9K0.0731.54N/AN/A2001513,07210,285
2020-12-03$21.47$20.0036.8%10.3%36.6%15.5%38.5%1.6%3.7%113.9K3.3M-29.5K3.0967.48N/AN/A5316413,24410,301
2020-12-04$22.63$20.0038.1%10.5%38.9%16.9%37.3%4.0%2.8%115.3K772.8K-33.2K0.0539.38N/AN/A4602113,29210,460
2020-12-07$22.36$20.0040.0%11.3%38.5%19.0%39.1%1.7%0.7%129.4K1.6M-31.4K0.3876.47N/AN/A60623113,40110,471
2020-12-08$22.64$20.0037.5%10.7%38.6%16.4%35.6%5.3%2.2%148.6K1.2M-32.3K0.1044.62N/AN/A3623513,73210,681
2020-12-09$23.01$20.0050.9%14.6%37.9%30.7%54.6%-4.8%-4.6%99.6K-1.9M-39.3K0.0267.82N/AN/A19,47130413,97410,680
2020-12-10$23.51$20.0049.6%14.2%36.6%29.3%51.0%-1.7%-2.9%297.2K-5.3M-47.8K0.1161.69N/AN/A1,67818420,57310,899
2020-12-11$23.20$20.0048.5%13.9%37.4%28.1%49.0%-4.3%-2.0%300.8K-4.2M-48.5K0.2560.72N/AN/A88721921,31611,043
2020-12-14$23.13$20.0047.3%13.6%32.3%26.9%49.6%-3.5%-2.7%315.7K-2.5M-44.0K0.1166.65N/AN/A4945321,35911,027
2020-12-15$23.23$20.0047.6%13.6%30.6%27.2%49.2%-2.9%-2.3%328.8K-2.5M-43.8K0.0169.60N/AN/A7481121,37611,041
2020-12-16$22.38$20.0046.7%13.4%33.6%26.2%49.3%-2.2%-1.0%315.9K-502.6K-43.3K0.0772.03N/AN/A8635721,83711,050
2020-12-17$22.87$20.0046.6%13.4%33.7%26.1%48.2%-2.9%1.9%366.5K-2.1M-44.2K0.1370.03N/AN/A95912221,80611,089
2020-12-18$22.97$20.0046.6%13.4%33.2%26.1%47.8%-2.2%2.3%266.2K-2.4M-43.8K0.5670.08N/AN/A24413721,73911,144
2020-12-21$22.70$20.0047.5%13.6%33.6%27.1%51.8%-2.7%1.9%250.9K-5.2M-42.3K0.0571.80N/AN/A632309,5793,640
2020-12-22$22.62$20.0045.4%13.0%33.4%24.8%46.5%0.6%2.9%273.1K-5.1M-42.0K0.0562.35N/AN/A10659,9863,645
2020-12-23$22.62$20.0046.3%13.3%33.0%25.8%49.7%-4.3%2.6%335.4K-6.4M-47.0K0.0661.29N/AN/A2921711,6883,648
2020-12-24$22.31$20.0044.7%12.8%30.4%24.1%50.6%-3.6%3.5%305.8K-5.1M-44.1K0.0057.13N/AN/A117011,6803,658
2020-12-28$22.30$20.0047.0%13.5%30.4%26.5%53.6%-3.6%-4.4%300.9K-4.9M-42.0K0.2549.16N/AN/A53213211,6733,662
2020-12-29$22.05$20.0046.0%13.2%29.6%25.4%49.0%-3.5%2.9%272.0K-4.0M-40.6K0.3027.13N/AN/A1384211,7853,692
2020-12-30$22.27$20.0045.9%13.1%29.1%25.3%49.3%-3.7%2.9%301.8K-4.5M-41.2K0.0148.74N/AN/A220211,7933,686
2020-12-31$22.44$20.0044.0%12.6%29.2%23.2%49.2%-1.4%5.5%326.8K-4.9M-41.2K0.1559.49N/AN/A1622411,9213,690