TDC Options History — May 2023

In May 2023, TDC traded between $41.06 and $47.35. ATM implied volatility averaged 32.4%, placing in the 10.0% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded below realized volatility by 6.9% (HV 20d: 39.2%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 1.15.

Notable Days

  • 2023-05-02: Highest Volume — 1,723 contracts
  • 2023-05-05: Largest IV drop — 52.3% change
  • 2023-05-04: Highest IV Rank — 47.0%
  • 2023-05-02: Largest Expected Move — 16.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.45$41.06$47.35$41.09$46.89
Max Pain$42.73$40.00$45.00$40.00$45.00
ATM IV32.4%25.1%57.8%54.4%28.6%
Expected Move9.1%7.2%16.5%15.6%8.2%
HV 20d39.2%28.5%43.6%29.4%38.3%
HV 60d33.7%29.7%42.3%39.8%31.3%
IV Rank10.0%0.0%47.0%42.0%5.0%
IV Percentile17.1%0.0%82.5%79.0%9.1%
Term Structure-2.4%-17.2%1.1%-14.3%-1.5%
VWIV32.0%25.4%57.2%53.3%28.6%
Skew 25d3.8%1.3%8.4%6.7%1.9%
Skew 10d10.3%-1.4%21.2%20.9%9.7%
Call IV 25d30.9%23.5%54.8%51.0%29.1%
Put IV 25d34.7%27.2%62.9%57.6%31.0%
Bid-Ask Spread %76.6751.4087.6060.5083.25
Gamma HHI0.380.250.490.250.41
Net GEX551.6K173.5K936.0K173.5K685.4K
Net DEX-11.3M-17.8M-4.9M-4.9M-14.0M
Net VEX-50.1K-54.1K-41.9K-41.9K-54.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.150.026.000.540.28
Total Volume499241,723982132
Total OI9,058.9096,24010,6776,2409,409

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$41.09$40.0054.4%15.6%29.4%42.0%53.3%6.7%-14.3%173.5K-4.9M-41.9K0.5460.50N/AN/A6393433,8422,398
2023-05-02$41.06$40.0057.4%16.5%28.7%46.4%54.8%5.1%-15.5%196.3K-5.2M-45.6K0.1551.40N/AN/A1,4922314,3342,683
2023-05-03$41.30$40.0056.3%16.1%28.6%44.7%57.2%8.4%-17.2%258.9K-5.8M-48.7K1.1967.08N/AN/A1291535,2612,843
2023-05-04$41.20$42.5057.8%11.9%28.5%47.0%40.7%5.3%-3.2%258.0K-5.8M-50.3K0.4956.08N/AN/A6543195,3592,969
2023-05-05$44.64$42.5027.6%7.8%39.9%2.5%27.1%3.5%1.0%598.1K-12.9M-47.7K0.1976.02N/AN/A8041555,6403,147
2023-05-08$44.30$42.5028.6%8.0%40.2%4.1%29.0%4.0%-0.3%609.9K-12.2M-49.5K1.0174.69N/AN/A1431446,0143,208
2023-05-09$43.92$42.5027.2%8.0%40.4%1.9%29.2%3.2%0.2%626.7K-11.4M-49.7K1.2378.05N/AN/A1882326,0953,310
2023-05-10$45.28$42.5027.8%8.0%41.3%2.8%28.1%3.4%-0.0%703.8K-15.3M-48.7K0.6779.60N/AN/A4603096,1913,347
2023-05-11$44.20$42.5026.8%7.7%42.4%1.4%27.7%6.9%0.1%642.7K-11.4M-51.2K1.4577.20N/AN/A871266,3263,524
2023-05-12$44.05$42.5026.8%7.7%42.5%1.4%29.7%2.9%0.3%647.1K-11.3M-51.7K2.4386.11N/AN/A7176,3863,634
2023-05-15$44.67$42.5025.8%7.4%42.6%0.0%26.0%2.6%0.5%782.5K-12.9M-49.4K0.0578.09N/AN/A503236,3873,636
2023-05-16$44.10$42.5025.6%7.3%43.0%0.0%27.3%3.0%1.1%730.9K-11.7M-50.9K1.7577.84N/AN/A571006,7353,645
2023-05-17$44.92$42.5025.1%7.2%43.1%0.0%26.6%3.0%0.4%936.0K-14.1M-51.2K1.7887.20N/AN/A861536,7443,737
2023-05-18$46.27$42.5025.1%7.2%43.3%0.0%25.8%4.1%-0.1%779.2K-17.8M-52.7K1.0187.60N/AN/A4144186,7753,792
2023-05-19$45.91$42.5025.9%7.4%43.6%1.1%25.4%3.1%0.2%498.7K-17.5M-50.4K0.8177.00N/AN/A1981606,8603,817
2023-05-22$45.55$42.5025.4%7.3%43.1%0.3%25.7%2.7%0.9%502.0K-10.4M-49.6K0.3981.16N/AN/A198775,2272,857
2023-05-23$44.68$42.5027.4%7.9%41.1%3.3%27.1%3.1%-1.0%431.0K-8.4M-51.6K1.5282.53N/AN/A1031575,3772,951
2023-05-24$44.61$45.0027.7%7.9%41.2%3.6%27.9%4.3%-0.7%394.2K-8.0M-51.2K6.0080.90N/AN/A7425,3713,113
2023-05-25$45.14$45.0026.7%7.6%41.2%2.2%29.0%3.8%0.4%444.7K-9.1M-52.7K1.9378.17N/AN/A15295,4073,151
2023-05-26$46.86$45.0027.8%8.0%42.4%3.8%28.0%1.8%-1.2%563.1K-13.3M-50.5K0.0279.41N/AN/A1,059185,4283,193
2023-05-30$47.35$45.0029.9%8.6%37.9%6.9%30.4%1.3%-1.9%673.0K-15.3M-52.6K0.3386.76N/AN/A298995,9763,197
2023-05-31$46.89$45.0028.6%8.2%38.3%5.0%28.6%1.9%-1.5%685.4K-14.0M-54.1K0.2883.25N/AN/A103296,1033,306