TDC Options History — March 2022

In March 2022, TDC traded between $43.20 and $50.73. ATM implied volatility averaged 40.7%, placing in the 6.0% IV rank vs the trailing year. The 30-day expected move averaged 13.8%. IV traded below realized volatility by 10.6% (HV 20d: 51.2%). Max pain ranged from $35.00 to $50.00. Net GEX was positive for 15 of 23 trading days. Term structure was in contango for 22 of 23 days. Put/call ratio averaged 1.07.

Notable Days

2022-03-08: Highest Volume — 4,903 contracts
2022-03-08: Largest IV drop — 15.2% change
2022-03-07: Highest IV Rank — 22.0%
2022-03-07: Largest Expected Move — 15.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$47.59	$43.20	$50.73	$49.38	$49.54
Max Pain	$46.48	$35.00	$50.00	$47.50	$50.00
ATM IV	40.7%	32.2%	54.6%	47.6%	32.4%
Expected Move	13.8%	12.8%	15.6%	13.6%	13.3%
HV 20d	51.2%	34.4%	90.3%	88.6%	34.4%
HV 60d	58.5%	57.2%	59.2%	57.8%	58.9%
IV Rank	6.0%	0.0%	22.0%	13.5%	0.2%
IV Percentile	26.8%	0.0%	73.0%	57.5%	0.4%
Term Structure	7.4%	-4.0%	14.6%	-4.0%	14.5%
VWIV	49.7%	44.0%	59.0%	48.9%	47.4%
Skew 25d	4.0%	1.6%	7.2%	4.0%	2.0%
Skew 10d	7.5%	-3.8%	16.5%	7.6%	5.6%
Call IV 25d	39.3%	32.9%	47.2%	47.2%	33.3%
Put IV 25d	43.3%	34.9%	53.4%	51.2%	35.3%
Bid-Ask Spread %	44.07	16.17	72.58	62.07	33.77
Gamma HHI	0.15	0.11	0.19	0.11	0.18
Net GEX	100.5K	-302.7K	409.7K	243.9K	311.7K
Net DEX	-7.8M	-21.0M	8.4M	-14.8M	-15.1M
Net VEX	-181.5K	-195.8K	-166.8K	-195.8K	-184.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.07	0.71	2.18	1.46	1.02
Total Volume	3,281.391	2,301	4,903	2,480	3,790
Total OI	29,105.304	25,835	30,893	28,244	30,279

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-03-01	$49.38	$47.50	47.6%	13.6%	88.6%	13.5%	48.9%	4.0%	-4.0%	243.9K	-14.8M	-195.8K	1.46	62.07	N/A	N/A	1,008	1,472	14,474	13,770
2022-03-02	$49.16	$47.50	44.5%	12.8%	88.3%	9.7%	44.6%	4.8%	2.8%	234.5K	-13.6M	-193.3K	1.63	52.14	N/A	N/A	875	1,426	14,527	13,783
2022-03-03	$46.96	$47.50	44.5%	12.8%	90.3%	9.7%	44.0%	4.5%	2.9%	53.2K	-5.0M	-183.2K	0.78	53.46	N/A	N/A	1,403	1,093	14,546	13,820
2022-03-04	$46.12	$47.50	48.3%	13.8%	89.9%	14.3%	46.8%	5.4%	1.1%	-39.6K	-1.7M	-182.5K	0.88	45.65	N/A	N/A	1,347	1,192	14,790	13,831
2022-03-07	$45.03	$47.50	54.6%	15.6%	90.3%	22.0%	59.0%	4.3%	0.5%	-164.2K	2.2M	-176.9K	2.18	62.31	N/A	N/A	1,343	2,925	14,912	14,071
2022-03-08	$44.06	$47.50	46.3%	15.1%	89.6%	11.8%	57.7%	7.2%	3.2%	-247.4K	6.2M	-180.8K	1.40	72.58	N/A	N/A	2,046	2,857	14,968	14,375
2022-03-09	$45.69	$47.50	44.5%	14.0%	34.5%	9.6%	57.0%	5.3%	3.5%	-119.2K	21.0K	-187.1K	1.51	69.09	N/A	N/A	1,905	2,868	15,655	14,648
2022-03-10	$45.22	$47.50	44.4%	13.7%	34.5%	9.5%	49.2%	4.5%	3.1%	-157.0K	1.8M	-183.0K	0.90	62.74	N/A	N/A	1,906	1,707	15,657	14,626
2022-03-11	$44.24	$47.50	45.0%	13.8%	35.0%	10.3%	49.0%	5.3%	3.8%	-250.5K	5.7M	-177.9K	1.07	69.21	N/A	N/A	1,663	1,779	15,668	14,976
2022-03-14	$43.20	$35.00	48.1%	14.3%	35.5%	14.0%	50.6%	5.9%	2.0%	-302.7K	8.4M	-166.8K	0.71	16.17	N/A	N/A	1,741	1,242	15,662	14,863
2022-03-15	$44.40	$35.00	43.3%	13.9%	37.5%	8.2%	52.3%	5.7%	5.1%	-150.2K	4.8M	-170.2K	0.77	22.04	N/A	N/A	1,606	1,236	15,651	14,842
2022-03-16	$46.65	$45.00	39.8%	13.3%	40.9%	3.9%	49.5%	4.9%	6.4%	10.3K	-3.4M	-174.2K	0.75	28.33	N/A	N/A	1,599	1,204	15,688	14,937
2022-03-17	$47.58	$0.00	38.0%	14.0%	41.2%	1.8%	48.5%	4.2%	10.7%	124.4K	-8.2M	-180.6K	0.77	31.24	N/A	N/A	1,376	1,065	15,889	15,004
2022-03-18	$48.04	$47.50	36.1%	13.8%	40.7%	0.0%	50.1%	4.2%	12.0%	173.6K	-11.5M	-174.8K	1.18	32.28	N/A	N/A	1,421	1,676	15,877	15,015
2022-03-21	$48.84	$47.50	35.9%	13.6%	40.5%	0.0%	47.5%	4.3%	11.7%	181.3K	-11.5M	-176.2K	0.84	40.11	N/A	N/A	1,404	1,186	14,335	11,500
2022-03-22	$49.47	$47.50	35.6%	13.5%	40.0%	0.0%	47.6%	1.6%	11.7%	263.0K	-14.9M	-176.6K	0.77	40.49	N/A	N/A	2,453	1,896	14,511	11,569
2022-03-23	$49.93	$47.50	35.7%	13.7%	39.7%	0.1%	49.0%	2.3%	12.2%	303.6K	-16.3M	-185.5K	1.21	39.65	N/A	N/A	1,531	1,845	15,311	12,253
2022-03-24	$50.56	$47.50	35.5%	13.6%	37.1%	0.0%	49.6%	2.6%	11.8%	370.5K	-19.1M	-188.0K	0.98	34.94	N/A	N/A	1,665	1,627	15,386	12,243
2022-03-25	$50.27	$47.50	34.9%	13.6%	37.1%	0.0%	49.5%	3.2%	12.8%	356.4K	-18.6M	-187.1K	0.94	35.77	N/A	N/A	1,562	1,462	15,691	12,582
2022-03-28	$50.02	$47.50	35.1%	14.0%	37.2%	0.3%	50.9%	1.7%	13.8%	409.7K	-18.6M	-184.7K	1.20	33.79	N/A	N/A	1,290	1,545	16,103	12,676
2022-03-29	$50.73	$47.50	33.1%	13.6%	37.4%	0.0%	47.5%	2.7%	14.1%	404.1K	-21.0M	-184.1K	0.85	42.49	N/A	N/A	1,982	1,679	16,181	12,911
2022-03-30	$49.52	$50.00	32.2%	13.3%	38.4%	0.0%	47.4%	1.8%	14.6%	302.2K	-15.1M	-181.1K	0.91	33.34	N/A	N/A	1,867	1,707	16,305	13,061
2022-03-31	$49.54	$50.00	32.4%	13.3%	34.4%	0.2%	47.4%	2.0%	14.5%	311.7K	-15.1M	-184.6K	1.02	33.77	N/A	N/A	1,874	1,916	16,666	13,613