TDC Options History — February 2023

In February 2023, TDC traded between $34.38 and $42.24. ATM implied volatility averaged 43.7%, placing in the 16.3% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 2.1% (HV 20d: 41.6%). Max pain ranged from $30.00 to $40.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 1.30.

Notable Days

  • 2023-02-13: Highest Volume — 3,890 contracts
  • 2023-02-08: Largest IV drop — 40.2% change
  • 2023-02-07: Highest IV Rank — 52.6%
  • 2023-02-01: Largest Expected Move — 18.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.73$34.38$42.24$35.86$40.97
Max Pain$35.79$30.00$40.00$32.50$40.00
ATM IV43.7%29.6%77.0%64.5%31.2%
Expected Move11.0%8.5%18.5%18.5%8.9%
HV 20d41.6%18.8%57.8%19.2%57.8%
HV 60d33.9%24.9%38.5%29.9%37.9%
IV Rank16.3%0.0%52.6%38.4%2.5%
IV Percentile34.9%0.0%95.6%88.1%3.6%
Term Structure-3.4%-18.6%0.4%-18.6%-0.0%
VWIV39.3%30.7%64.3%64.3%31.0%
Skew 25d3.2%-1.4%5.1%5.1%2.1%
Skew 10d7.9%0.6%14.5%13.3%3.7%
Call IV 25d37.8%29.3%62.1%62.1%30.0%
Put IV 25d41.0%31.9%67.2%67.2%32.1%
Bid-Ask Spread %59.1736.4275.1957.7863.04
Gamma HHI0.330.250.670.290.32
Net GEX304.5K126.5K809.8K173.3K369.4K
Net DEX-8.8M-18.5M-2.1M-4.2M-9.5M
Net VEX-36.8K-41.8K-31.9K-38.7K-40.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.300.098.180.230.56
Total Volume649.789383,890157151
Total OI8,339.3167,21910,9587,2198,568

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$35.86$32.5064.5%18.5%19.2%38.4%64.3%5.1%-18.6%173.3K-4.2M-38.7K0.2357.78N/AN/A128294,3332,886
2023-02-02$36.21$30.0067.4%13.6%18.8%41.7%47.0%5.0%-7.6%177.2K-4.7M-38.8K0.6450.29N/AN/A58374,3592,923
2023-02-03$35.42$32.5067.7%13.3%20.8%42.1%46.7%4.3%-6.0%158.2K-3.7M-37.5K1.3842.36N/AN/A16224,3792,914
2023-02-06$34.86$32.5075.3%13.6%21.5%50.8%45.8%4.7%-7.2%138.9K-3.0M-36.8K1.4637.26N/AN/A24354,3822,926
2023-02-07$35.43$32.5077.0%13.6%22.1%52.6%46.3%4.1%-7.1%160.6K-3.6M-36.4K8.1836.42N/AN/A221804,3872,923
2023-02-08$35.14$32.5046.0%13.2%20.8%17.3%45.0%4.2%-6.7%150.2K-3.1M-36.7K0.0947.99N/AN/A163154,5913,075
2023-02-09$35.10$32.5046.2%13.2%20.7%24.2%51.8%4.5%-4.9%162.8K-3.3M-36.4K0.1760.57N/AN/A125214,7363,071
2023-02-10$34.38$32.5045.6%13.1%22.3%23.3%48.0%3.9%-4.6%126.5K-2.1M-35.5K1.8464.11N/AN/A2374354,7263,081
2023-02-13$39.75$35.0030.7%8.8%55.5%0.0%32.4%1.7%0.4%526.6K-11.1M-31.9K0.3163.03N/AN/A2,9659254,6983,481
2023-02-14$40.99$37.5030.8%8.8%55.9%0.2%31.4%3.8%-0.0%809.8K-16.2M-33.7K0.5974.53N/AN/A9635695,8673,977
2023-02-15$42.24$37.5029.6%8.5%55.8%0.0%31.0%2.3%0.1%527.5K-18.5M-34.9K1.0070.04N/AN/A3573576,0674,325
2023-02-16$42.22$37.5029.8%8.6%55.6%0.4%31.2%2.6%-0.2%390.9K-18.2M-34.3K0.1273.49N/AN/A1,2151456,1634,623
2023-02-17$41.13$37.5031.3%9.0%57.3%2.6%31.3%3.5%-0.4%273.0K-15.8M-37.1K0.8966.22N/AN/A4193736,2654,693
2023-02-21$40.96$37.5032.7%9.4%57.3%4.8%33.0%3.2%-1.2%281.3K-9.1M-36.8K0.5075.19N/AN/A4562274,3393,172
2023-02-22$41.09$40.0032.9%9.4%57.0%5.1%33.1%-1.4%-0.8%300.4K-9.6M-36.7K2.6364.94N/AN/A591554,5083,259
2023-02-23$41.70$40.0029.8%8.5%57.0%0.3%30.7%3.2%-0.2%326.4K-10.8M-34.2K0.6150.13N/AN/A5483324,5253,205
2023-02-24$41.16$40.0031.1%8.9%57.6%2.4%31.0%1.8%-0.3%359.2K-10.1M-41.8K1.7468.33N/AN/A43754,9883,535
2023-02-27$41.33$40.0030.0%8.6%57.6%0.6%35.0%3.0%-0.1%374.0K-10.5M-39.9K1.8258.53N/AN/A1653004,9733,524
2023-02-28$40.97$40.0031.2%8.9%57.8%2.5%31.0%2.1%-0.0%369.4K-9.5M-40.5K0.5663.04N/AN/A97544,9483,620