TDC Options History — March 2021

In March 2021, TDC traded between $38.23 and $44.44. ATM implied volatility averaged 58.8%, placing in the 36.7% IV rank vs the trailing year. The 30-day expected move averaged 16.9%. IV traded below realized volatility by 23.8% (HV 20d: 82.6%). Max pain ranged from $37.50 to $40.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 22 of 23 days. Put/call ratio averaged 0.55.

Notable Days

  • 2021-03-01: Highest Volume — 7,560 contracts
  • 2021-03-22: Largest IV drop — 9.1% change
  • 2021-03-01: Highest IV Rank — 45.9%
  • 2021-03-04: Largest Expected Move — 19.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.54$38.23$44.44$42.27$38.93
Max Pain$38.48$37.50$40.00$40.00$37.50
ATM IV58.8%48.8%67.9%67.9%50.3%
Expected Move16.9%14.0%19.5%19.5%14.4%
HV 20d82.6%48.0%169.1%167.6%51.3%
HV 60d105.3%104.1%107.5%104.2%107.5%
IV Rank36.7%26.6%45.9%45.9%28.2%
IV Percentile63.5%44.0%78.2%78.2%48.8%
Term Structure7.7%-0.6%14.0%2.5%10.9%
VWIV60.1%49.7%71.7%71.7%50.4%
Skew 25d-1.3%-4.0%2.9%-2.6%-0.6%
Skew 10d-3.7%-21.5%2.3%-6.1%-0.6%
Call IV 25d59.9%48.3%70.8%70.8%50.4%
Put IV 25d58.6%49.1%68.2%68.2%49.8%
Bid-Ask Spread %57.8348.2068.8948.2059.02
Gamma HHI0.100.080.120.090.12
Net GEX454.1K184.7K736.9K417.1K318.8K
Net DEX-38.9M-56.1M-18.1M-42.5M-26.0M
Net VEX-253.0K-290.3K-206.6K-242.5K-230.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.031.400.290.40
Total Volume1,699.0871657,5607,560478
Total OI54,892.1345,61662,91847,98250,696

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$42.27$40.0067.9%19.5%167.6%45.9%71.7%-2.6%2.5%417.1K-42.5M-242.5K0.2948.20N/AN/A5,8491,71130,86517,117
2021-03-02$41.35$40.0064.6%18.5%168.3%42.6%67.4%-2.1%2.4%470.6K-41.3M-267.3K0.2155.56N/AN/A76116336,06118,437
2021-03-03$41.76$40.0065.6%18.8%168.1%43.5%67.6%-1.0%-0.6%491.5K-43.0M-265.5K1.0257.49N/AN/A1,0371,05736,07218,473
2021-03-04$40.43$37.5065.5%19.5%169.1%43.4%68.0%0.9%4.2%355.4K-34.7M-264.4K0.2054.87N/AN/A66413636,58719,253
2021-03-05$41.31$37.5064.9%18.8%168.7%42.8%65.9%-1.4%5.7%420.8K-39.5M-265.6K0.6754.25N/AN/A43729436,55919,261
2021-03-08$41.36$37.5066.6%18.7%132.8%44.6%65.5%-2.6%7.1%413.5K-39.1M-258.1K1.0052.05N/AN/A2,0332,04036,85319,195
2021-03-09$43.31$37.5062.9%18.1%81.1%40.8%62.3%-3.0%7.8%667.0K-51.8M-275.7K1.4057.21N/AN/A9091,27638,31420,007
2021-03-10$43.17$37.5062.1%17.8%72.6%40.0%63.4%-3.3%7.3%609.7K-50.3M-268.5K0.3058.77N/AN/A85525938,36920,526
2021-03-11$43.05$37.5063.2%18.1%52.2%41.1%63.4%-3.7%7.3%600.8K-49.1M-268.6K1.1554.06N/AN/A1,4441,66738,80620,640
2021-03-12$42.96$37.5062.0%17.8%52.2%40.0%65.7%-3.0%6.4%582.0K-47.3M-289.3K0.4358.53N/AN/A63727439,50722,031
2021-03-15$44.37$37.5062.8%18.0%50.3%40.8%66.8%-3.4%6.2%736.9K-56.1M-290.3K0.3158.62N/AN/A87226839,57222,082
2021-03-16$44.14$37.5061.2%17.5%48.9%39.1%65.1%-4.0%7.5%705.4K-54.6M-279.3K0.1356.03N/AN/A89511939,89622,132
2021-03-17$44.44$37.5060.2%17.3%48.0%38.1%62.4%-0.2%6.6%682.5K-53.7M-274.7K0.5157.94N/AN/A66033640,36722,158
2021-03-18$42.16$37.5058.0%16.6%49.1%35.9%59.6%-0.8%9.2%341.4K-40.0M-255.9K0.8454.39N/AN/A37030940,59722,321
2021-03-19$43.48$37.5054.1%15.5%50.6%31.9%55.2%-1.8%9.8%543.3K-48.2M-256.5K0.1956.28N/AN/A1,05919640,53722,300
2021-03-22$43.67$37.5049.1%14.1%48.8%27.0%50.2%-1.4%14.0%513.4K-42.7M-245.9K0.2752.95N/AN/A1,41838730,90314,713
2021-03-23$40.08$40.0048.8%14.0%55.2%26.6%49.7%1.2%13.1%351.9K-27.5M-222.9K0.7260.01N/AN/A1,6011,14931,61914,928
2021-03-24$38.23$40.0049.5%14.2%56.8%27.3%49.8%-1.1%13.6%184.7K-18.1M-206.6K0.4161.89N/AN/A79032331,66815,690
2021-03-25$38.51$40.0051.1%14.7%52.2%29.0%51.7%0.8%11.3%210.3K-20.1M-211.6K0.8463.31N/AN/A38532232,00615,624
2021-03-26$39.61$40.0055.3%15.9%53.3%33.2%53.0%2.9%3.8%250.2K-23.9M-213.5K0.0368.89N/AN/A2,8949332,17215,822
2021-03-29$38.43$40.0053.6%15.4%51.5%31.4%54.9%-0.1%10.4%305.9K-23.6M-237.0K0.4566.86N/AN/A33515234,93815,836
2021-03-30$38.34$40.0052.6%15.1%51.1%30.4%52.6%0.7%10.4%271.5K-22.2M-229.2K0.7662.90N/AN/A947135,11615,893
2021-03-31$38.93$37.5050.3%14.4%51.3%28.2%50.4%-0.6%10.9%318.8K-26.0M-230.5K0.4059.02N/AN/A34213635,13315,563