TDC Options History — July 2021

In July 2021, TDC traded between $43.85 and $50.62. ATM implied volatility averaged 52.4%, placing in the 30.3% IV rank vs the trailing year. The 30-day expected move averaged 16.1%. IV traded above realized volatility by 13.4% (HV 20d: 39.0%). Max pain ranged from $45.00 to $47.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.39.

Notable Days

  • 2021-07-21: Highest Volume — 3,320 contracts
  • 2021-07-14: Largest IV spike — 23.5% change
  • 2021-07-27: Highest IV Rank — 42.8%
  • 2021-07-27: Largest Expected Move — 18.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.39$43.85$50.62$49.51$49.59
Max Pain$46.07$45.00$47.50$45.00$45.00
ATM IV52.4%36.9%64.9%38.8%63.6%
Expected Move16.1%10.6%18.6%11.1%18.2%
HV 20d39.0%34.0%45.1%34.8%40.8%
HV 60d60.8%51.0%70.6%69.2%51.3%
IV Rank30.3%14.7%42.8%16.6%41.6%
IV Percentile55.9%4.0%86.1%12.7%83.7%
Term Structure-5.4%-11.2%14.8%13.7%-11.2%
VWIV57.2%38.4%66.0%40.4%66.0%
Skew 25d-1.5%-3.9%0.5%-1.6%-0.1%
Skew 10d-3.2%-7.1%1.1%-6.0%1.1%
Call IV 25d58.4%39.7%65.8%41.2%65.3%
Put IV 25d56.8%36.4%65.6%39.5%65.2%
Bid-Ask Spread %34.8826.1576.1626.2228.57
Gamma HHI0.150.100.250.250.14
Net GEX877.6K158.6K1.8M1.8M961.1K
Net DEX-45.9M-58.9M-16.3M-58.9M-52.3M
Net VEX-273.1K-297.0K-242.0K-297.0K-279.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.390.022.100.630.74
Total Volume1,059.0481743,320502339
Total OI42,121.23831,65449,56346,87337,648

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-07-01$49.51$45.0038.8%11.1%34.8%16.6%40.4%-1.6%13.7%1.8M-58.9M-297.0K0.6326.22N/AN/A30819433,95512,918
2021-07-02$49.07$45.0036.9%10.6%34.9%14.7%38.4%-3.3%14.8%1.5M-54.3M-288.3K0.2076.16N/AN/A4789833,94612,943
2021-07-06$47.80$45.0040.3%15.5%34.7%18.1%53.8%-2.8%-5.3%1.0M-44.9M-272.8K2.1032.55N/AN/A42990134,06612,968
2021-07-07$48.71$47.5041.3%15.6%35.1%19.1%55.3%-3.9%-5.0%1.3M-50.1M-282.0K0.1126.15N/AN/A6867434,09513,676
2021-07-08$48.01$47.5041.4%15.8%34.0%19.2%56.0%-3.2%-5.3%1.1M-44.8M-275.9K0.5327.26N/AN/A64734234,12013,711
2021-07-09$49.45$47.5039.6%16.2%35.5%17.4%57.2%-2.5%-6.6%1.4M-53.9M-278.1K0.1130.65N/AN/A4935234,14813,970
2021-07-12$48.29$47.5044.6%16.2%36.6%22.4%57.3%-3.9%-6.2%869.3K-45.6M-266.4K0.1429.97N/AN/A2533534,48713,982
2021-07-13$47.72$47.5044.5%16.1%36.6%22.3%57.0%-2.4%-6.4%673.0K-41.5M-263.1K0.2829.61N/AN/A49613934,54414,002
2021-07-14$46.84$47.5054.9%15.8%37.1%32.8%56.7%-1.3%-5.8%442.9K-35.8M-256.0K0.0435.34N/AN/A1,1644534,64114,013
2021-07-15$46.95$47.5056.3%16.1%37.0%34.2%56.7%-1.6%-6.2%497.9K-36.8M-258.9K0.4132.58N/AN/A25610535,52314,040
2021-07-16$43.85$47.5056.0%16.0%44.2%33.8%57.4%-1.5%-5.4%158.6K-16.3M-242.0K1.2736.54N/AN/A9121,15535,46714,026
2021-07-19$45.12$47.5057.8%16.6%42.8%35.7%57.8%-0.1%-7.2%197.5K-24.0M-252.3K0.0437.35N/AN/A2,1839520,68810,966
2021-07-20$47.05$45.0057.4%16.5%45.1%35.3%58.6%-1.3%-6.8%437.3K-35.2M-263.4K0.0533.00N/AN/A5322721,81310,974
2021-07-21$48.49$45.0059.5%17.0%44.7%37.4%60.2%0.4%-8.7%521.9K-41.8M-267.3K0.0234.50N/AN/A3,2507021,92310,985
2021-07-22$49.06$45.0056.0%16.0%41.4%33.8%56.9%0.5%-7.2%703.5K-47.1M-269.3K0.1437.41N/AN/A2,61437623,32111,018
2021-07-23$49.31$45.0057.2%16.4%40.3%35.1%57.7%0.3%-7.7%885.9K-50.7M-284.3K0.3640.40N/AN/A99435925,43211,399
2021-07-26$50.62$45.0061.9%17.7%40.9%39.8%62.9%-1.5%-9.5%970.1K-58.3M-282.3K0.2235.63N/AN/A72015725,43211,399
2021-07-27$50.17$45.0064.9%18.6%40.9%42.8%65.8%-0.3%-10.3%945.1K-55.9M-288.1K0.2534.35N/AN/A2295825,65511,514
2021-07-28$50.49$45.0064.2%18.4%40.9%42.1%64.9%-0.6%-10.1%1.0M-58.1M-284.8K0.4339.69N/AN/A1225225,92911,600
2021-07-29$50.19$45.0063.4%18.2%40.7%41.3%64.3%-1.6%-10.4%995.9K-56.8M-283.2K0.0228.65N/AN/A7831825,99211,617
2021-07-30$49.59$45.0063.6%18.2%40.8%41.6%66.0%-0.1%-11.2%961.1K-52.3M-279.8K0.7428.57N/AN/A19514426,00211,646