TDC Options History — January 2021

In January 2021, TDC traded between $22.45 and $29.94. ATM implied volatility averaged 54.9%, placing in the 34.9% IV rank vs the trailing year. The 30-day expected move averaged 15.7%. IV traded above realized volatility by 22.8% (HV 20d: 32.0%). Max pain ranged from $22.50 to $27.50. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 0.51.

Notable Days

  • 2021-01-27: Highest Volume — 10,476 contracts
  • 2021-01-27: Largest IV spike — 30.2% change
  • 2021-01-29: Highest IV Rank — 58.6%
  • 2021-01-29: Largest Expected Move — 22.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.35$22.45$29.94$22.45$26.81
Max Pain$24.08$22.50$27.50$25.00$27.50
ATM IV54.9%46.7%76.9%51.3%76.9%
Expected Move15.7%14.2%22.0%14.8%22.0%
HV 20d32.0%22.2%64.3%29.1%64.3%
HV 60d35.4%32.1%45.6%33.4%45.5%
IV Rank34.9%26.1%58.6%31.2%58.6%
IV Percentile61.5%44.4%91.7%57.5%91.7%
Term Structure-5.8%-12.9%-2.4%-5.5%-12.9%
VWIV56.2%50.1%82.9%52.3%82.9%
Skew 25d-1.1%-7.6%1.4%0.2%-5.0%
Skew 10d-1.7%-15.4%23.5%-1.8%-15.4%
Call IV 25d57.2%51.0%80.3%52.5%80.3%
Put IV 25d56.1%49.2%75.3%52.7%75.3%
Bid-Ask Spread %47.6216.0867.6532.3461.70
Gamma HHI0.480.180.810.560.25
Net GEX464.6K-155.8K1.6M334.6K-149.7K
Net DEX-8.9M-20.0M-2.8M-5.1M-3.5M
Net VEX-49.7K-86.5K-39.9K-39.9K-86.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.012.190.150.05
Total Volume1,329.05318510,4761,205972
Total OI14,718.3169,32522,30815,68622,308

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-01-04$22.45$25.0051.3%14.8%29.1%31.2%52.3%0.2%-5.5%334.6K-5.1M-39.9K0.1532.34N/AN/A1,05115411,9943,692
2021-01-05$23.20$22.5046.8%14.2%25.2%26.3%50.1%-0.1%-3.8%468.5K-7.5M-46.2K0.0347.27N/AN/A2921012,3143,761
2021-01-06$23.10$22.5046.7%14.3%24.8%26.1%50.4%-0.2%-5.4%461.7K-6.7M-45.3K0.1051.43N/AN/A7167012,3783,763
2021-01-07$23.82$22.5048.6%14.3%26.6%28.2%50.6%-0.3%-4.9%645.7K-9.1M-47.8K0.1344.76N/AN/A6809012,4823,782
2021-01-08$23.87$22.5047.7%14.4%26.1%27.3%51.0%-0.1%-5.6%687.2K-9.0M-47.5K0.0642.79N/AN/A2481412,5553,738
2021-01-11$23.77$22.5058.1%15.0%25.1%38.5%52.3%-0.2%-6.6%662.2K-8.1M-44.3K1.2544.11N/AN/A14618312,5693,742
2021-01-12$24.35$22.5054.8%14.7%25.9%34.8%53.3%0.7%-6.2%938.8K-10.3M-45.4K0.0149.37N/AN/A375212,5153,869
2021-01-13$24.43$22.5050.4%14.5%25.8%30.2%51.9%-0.0%-6.0%1.1M-10.4M-44.6K0.1249.27N/AN/A4205012,6163,870
2021-01-14$25.32$22.5050.2%14.4%28.4%29.9%52.8%0.7%-2.6%1.6M-16.6M-44.6K0.1649.52N/AN/A87913912,4533,875
2021-01-15$25.38$22.5049.5%14.2%23.8%29.2%50.7%-2.9%-3.3%1.2M-20.0M-42.8K0.3641.26N/AN/A85531212,6653,983
2021-01-19$25.55$25.0049.5%14.2%23.1%29.2%51.4%-2.6%-4.3%132.6K-6.2M-42.6K0.2449.98N/AN/A4951206,2733,052
2021-01-20$25.80$25.0051.3%14.7%23.1%31.2%52.0%-0.5%-5.2%144.5K-6.6M-44.1K1.3116.08N/AN/A2262976,5133,121
2021-01-21$25.96$25.0051.1%14.7%22.2%30.9%51.0%1.4%-3.9%139.9K-6.6M-44.7K0.3329.00N/AN/A139466,5523,348
2021-01-22$25.12$25.0050.1%14.4%26.1%29.8%50.9%0.1%-2.4%119.0K-5.3M-43.7K0.7950.76N/AN/A1401116,5653,352
2021-01-25$26.31$25.0054.0%15.5%29.8%34.0%56.2%0.3%-6.2%151.5K-7.4M-43.8K1.4057.18N/AN/A1151616,6253,427
2021-01-26$29.55$25.0056.4%16.2%47.7%36.5%57.0%-3.7%-6.0%177.8K-12.3M-42.8K0.8057.25N/AN/A2,2311,7846,6683,539
2021-01-27$29.94$25.0073.4%21.0%47.4%54.8%73.9%-1.5%-10.2%188.5K-14.8M-65.3K2.1963.00N/AN/A3,2827,1948,8215,292
2021-01-28$26.85$27.5075.6%21.7%64.2%57.2%76.5%-7.6%-9.2%-155.8K-2.8M-82.9K0.2967.65N/AN/A9692849,48912,087
2021-01-29$26.81$27.5076.9%22.0%64.3%58.6%82.9%-5.0%-12.9%-149.7K-3.5M-86.5K0.0561.70N/AN/A9304210,18812,120