TDC Options History — May 2021

In May 2021, TDC traded between $39.10 and $49.39. ATM implied volatility averaged 48.8%, placing in the 26.7% IV rank vs the trailing year. The 30-day expected move averaged 13.8%. IV traded below realized volatility by 43.7% (HV 20d: 92.5%). Max pain ranged from $42.50 to $50.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.83.

Notable Days

  • 2021-05-07: Highest Volume — 14,165 contracts
  • 2021-05-07: Largest IV drop — 38.2% change
  • 2021-05-06: Highest IV Rank — 49.8%
  • 2021-05-04: Largest Expected Move — 20.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.34$39.10$49.39$49.39$47.75
Max Pain$44.50$42.50$50.00$50.00$45.00
ATM IV48.8%39.4%71.8%69.9%39.6%
Expected Move13.8%11.3%20.6%20.0%11.4%
HV 20d92.5%68.3%111.7%91.1%71.3%
HV 60d77.2%72.6%113.7%113.7%72.8%
IV Rank26.7%17.2%49.8%47.9%17.4%
IV Percentile36.9%11.9%90.1%88.9%13.1%
Term Structure-2.7%-15.8%1.5%-13.9%0.8%
VWIV48.8%40.2%70.8%70.5%41.8%
Skew 25d-0.3%-3.0%2.2%-0.3%-3.0%
Skew 10d-1.3%-6.7%3.9%-2.0%-5.7%
Call IV 25d49.1%41.7%70.7%70.7%42.5%
Put IV 25d48.8%39.0%71.9%70.5%39.5%
Bid-Ask Spread %51.8919.4472.7530.6740.88
Gamma HHI0.150.100.290.110.19
Net GEX833.8K321.3K1.3M964.0K1.1M
Net DEX-30.0M-61.8M2.0M-61.8M-50.2M
Net VEX-266.7K-345.3K-223.3K-345.3K-286.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.830.048.200.560.05
Total Volume2,845.732614,1652,288667
Total OI50,599.330,52658,41449,85536,093

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-05-03$49.39$50.0069.9%20.0%91.1%47.9%70.5%-0.3%-13.9%964.0K-61.8M-345.3K0.5630.67N/AN/A1,46882034,44915,406
2021-05-04$48.31$50.0071.7%20.6%91.6%49.7%70.1%2.2%-15.2%848.6K-53.5M-335.6K0.4019.56N/AN/A4,6151,82934,44615,489
2021-05-05$48.77$50.0070.8%20.3%90.6%48.7%70.8%-0.3%-15.8%1.2M-59.2M-340.0K0.0519.44N/AN/A3,35315337,54015,518
2021-05-06$47.64$47.5071.8%16.3%90.9%49.8%56.5%1.4%-4.4%1.2M-53.5M-341.2K0.1349.11N/AN/A6,00777240,01415,481
2021-05-07$40.33$47.5044.3%12.7%109.4%22.1%45.3%0.2%-2.0%372.0K993.0K-235.6K0.9467.45N/AN/A7,3146,85141,53515,585
2021-05-10$39.42$45.0044.3%12.8%109.7%22.1%48.1%0.9%-1.1%321.3K2.0M-223.3K0.2157.46N/AN/A4,56396543,41015,004
2021-05-11$40.47$42.5047.0%13.2%110.1%24.8%46.3%1.2%-0.9%492.3K-5.2M-240.9K0.8356.77N/AN/A90575043,19714,924
2021-05-12$39.10$42.5047.7%13.7%110.7%25.6%48.0%0.9%-1.4%348.4K1.2M-227.6K1.7644.73N/AN/A41272443,34114,789
2021-05-13$39.76$42.5046.0%13.2%110.9%23.8%46.7%0.5%0.2%430.9K-2.2M-230.5K0.4857.69N/AN/A54826443,34314,631
2021-05-14$41.35$42.5044.5%12.8%111.7%22.4%45.2%0.0%-0.6%631.1K-11.6M-242.3K0.5265.04N/AN/A52827243,38214,288
2021-05-17$41.92$42.5045.9%13.2%111.1%23.7%46.4%0.1%-1.2%711.0K-15.0M-240.4K0.3366.26N/AN/A43914743,21814,350
2021-05-18$42.59$42.5044.0%12.6%111.2%21.8%44.4%0.0%-0.9%893.4K-19.0M-242.8K0.6261.85N/AN/A53233043,26614,183
2021-05-19$42.68$42.5045.1%12.9%110.9%22.9%46.1%-1.4%-0.8%917.6K-19.2M-241.1K0.4070.05N/AN/A46218643,32914,275
2021-05-20$44.10$42.5042.6%12.2%69.5%20.4%43.6%-1.0%-1.1%1.2M-32.9M-246.5K0.1543.58N/AN/A89913143,52113,348
2021-05-21$44.58$42.5041.5%11.9%68.3%19.4%42.1%-0.3%-0.9%1.3M-31.1M-242.0K0.2759.01N/AN/A1,04627943,28113,317
2021-05-24$46.52$42.5040.2%11.5%70.1%18.0%41.6%-1.8%1.5%786.3K-43.8M-245.8K0.0472.75N/AN/A2,4599924,0076,519
2021-05-25$46.94$42.5039.6%11.3%70.0%17.4%40.2%-0.9%0.7%1.0M-48.2M-254.5K8.2065.49N/AN/A4984,08225,4876,571
2021-05-26$46.65$42.5039.4%11.3%69.9%17.2%40.7%-2.7%1.4%889.0K-44.0M-283.2K0.3648.73N/AN/A2408625,7909,928
2021-05-27$48.51$45.0040.2%11.5%71.5%18.0%41.7%-2.2%0.6%1.0M-53.1M-288.7K0.2341.24N/AN/A99222725,8079,924
2021-05-28$47.75$45.0039.6%11.4%71.3%17.4%41.8%-3.0%0.8%1.1M-50.2M-286.8K0.0540.88N/AN/A6343326,1979,896