TDC Options History — March 2023

In March 2023, TDC traded between $37.09 and $40.81. ATM implied volatility averaged 32.1%, placing in the 5.6% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded below realized volatility by 4.9% (HV 20d: 37.0%). Max pain ranged from $32.50 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 0.80.

Notable Days

  • 2023-03-22: Highest Volume — 742 contracts
  • 2023-03-13: Largest IV spike — 20.2% change
  • 2023-03-13: Highest IV Rank — 22.2%
  • 2023-03-23: Largest Expected Move — 9.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.91$37.09$40.81$40.81$40.11
Max Pain$33.48$32.50$40.00$40.00$32.50
ATM IV32.1%27.8%43.0%30.9%27.8%
Expected Move8.8%8.0%9.7%8.9%8.0%
HV 20d37.0%22.5%59.3%57.9%25.5%
HV 60d37.6%37.2%38.3%37.7%37.6%
IV Rank5.6%0.0%22.2%2.0%0.0%
IV Percentile9.1%0.0%51.2%2.4%0.0%
Term Structure7.6%-1.5%13.5%-1.5%13.5%
VWIV30.3%23.8%35.7%30.7%23.8%
Skew 25d4.6%1.3%11.8%2.3%5.5%
Skew 10d9.8%-0.8%23.0%2.2%15.2%
Call IV 25d29.3%25.5%31.4%29.5%25.5%
Put IV 25d33.9%30.6%41.8%31.8%31.0%
Bid-Ask Spread %67.6926.9786.6768.9974.30
Gamma HHI0.350.260.460.310.43
Net GEX334.6K193.6K488.0K377.2K488.0K
Net DEX-6.0M-9.5M-831.5K-9.3M-9.5M
Net VEX-40.6K-45.2K-32.8K-40.1K-44.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.005.355.350.02
Total Volume245.6091274231142
Total OI8,824.137,2869,6298,6478,797

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$40.81$40.0030.9%8.9%57.9%2.0%30.7%2.3%-1.5%377.2K-9.3M-40.1K5.3568.99N/AN/A492625,0103,637
2023-03-02$40.19$40.0029.4%8.4%57.9%0.0%29.9%3.7%0.9%355.3K-7.8M-39.0K2.1778.08N/AN/A1393025,0143,772
2023-03-03$40.32$40.0028.4%8.1%57.9%0.0%30.7%1.3%1.0%385.6K-8.2M-39.2K0.3283.75N/AN/A3521125,0753,684
2023-03-06$40.14$32.5030.9%8.3%57.1%3.9%28.3%3.7%5.2%397.0K-7.9M-39.0K0.4426.97N/AN/A161715,2563,723
2023-03-07$39.68$32.5031.1%8.3%56.9%4.0%25.2%4.0%6.0%381.2K-6.9M-39.5K0.4058.12N/AN/A156635,3383,751
2023-03-08$40.00$32.5031.5%8.4%56.8%4.7%29.0%2.9%5.1%404.5K-7.6M-39.3K0.5371.66N/AN/A179955,3613,761
2023-03-09$38.86$32.5034.2%8.6%58.0%8.8%30.1%3.9%5.0%341.6K-5.0M-38.7K0.2751.62N/AN/A45125,4643,844
2023-03-10$37.68$32.5035.8%9.0%59.3%11.2%30.7%4.4%4.7%261.6K-2.3M-36.2K1.0572.30N/AN/A1501575,4783,844
2023-03-13$37.38$32.5043.0%9.4%58.8%22.2%32.5%5.1%3.9%204.7K-1.5M-34.4K0.3575.77N/AN/A145515,3973,824
2023-03-14$37.44$32.5040.4%9.3%26.2%18.3%31.4%4.2%4.8%216.1K-1.6M-35.8K0.2777.32N/AN/A136375,4793,843
2023-03-15$37.09$32.5032.3%9.3%23.1%5.9%32.4%4.4%4.5%193.6K-831.5K-32.8K0.0777.54N/AN/A583435,5953,838
2023-03-16$38.13$32.5031.9%9.2%22.6%5.4%32.6%4.2%13.3%380.5K-5.3M-40.2K3.0664.13N/AN/A31956,0983,507
2023-03-17$37.78$32.5032.0%9.2%22.6%5.5%31.7%4.8%10.7%295.0K-4.4M-40.8K0.4381.10N/AN/A42186,1153,514
2023-03-20$38.44$32.5031.9%9.1%22.6%5.3%30.9%4.7%10.3%217.8K-5.3M-39.9K0.1952.37N/AN/A3774,3152,971
2023-03-21$39.02$32.5030.3%8.7%23.5%3.0%30.1%5.2%9.2%236.1K-5.9M-40.9K0.0158.10N/AN/A73464,3172,971
2023-03-22$38.57$32.5032.4%9.3%23.6%6.0%30.9%11.8%11.3%291.9K-6.6M-44.1K0.4586.67N/AN/A5122305,0032,974
2023-03-23$38.38$32.5033.8%9.7%22.7%8.2%31.7%6.8%8.3%301.9K-6.1M-45.2K0.0061.72N/AN/A25705,4563,131
2023-03-24$38.45$32.5033.0%9.5%22.5%7.0%35.7%5.1%9.3%333.9K-6.4M-45.0K1.0078.67N/AN/A665,6043,132
2023-03-27$39.08$32.5029.5%8.5%23.4%1.7%30.5%4.9%11.1%402.4K-7.4M-45.1K0.5439.65N/AN/A24135,6043,132
2023-03-28$38.59$32.5032.1%9.2%23.6%5.7%31.3%5.1%11.5%357.1K-6.7M-45.1K1.0052.86N/AN/A32325,6193,138
2023-03-29$39.38$32.5028.7%8.2%25.0%0.4%27.6%4.7%12.9%428.9K-8.1M-44.4K0.0982.51N/AN/A129125,6223,138
2023-03-30$39.36$32.5028.0%8.0%24.5%0.0%28.3%2.9%13.3%443.0K-8.0M-44.5K0.4582.68N/AN/A58265,6593,150
2023-03-31$40.11$32.5027.8%8.0%25.5%0.0%23.8%5.5%13.5%488.0K-9.5M-44.5K0.0274.30N/AN/A4115,6503,147