TDC Options History — July 2023

In July 2023, TDC traded between $52.69 and $56.98. ATM implied volatility averaged 36.8%, placing in the 20.9% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded above realized volatility by 19.0% (HV 20d: 17.9%). Max pain ranged from $45.00 to $52.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.89.

Notable Days

  • 2023-07-21: Highest Volume — 2,458 contracts
  • 2023-07-12: Largest IV spike — 64.3% change
  • 2023-07-31: Highest IV Rank — 42.1%
  • 2023-07-31: Largest Expected Move — 14.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$55.16$52.69$56.98$53.75$56.81
Max Pain$48.38$45.00$52.50$45.00$52.50
ATM IV36.8%21.9%52.1%22.7%52.1%
Expected Move11.4%6.5%14.9%6.5%14.9%
HV 20d17.9%15.2%21.0%16.5%21.0%
HV 60d29.4%27.0%30.4%29.6%27.4%
IV Rank20.9%0.2%42.1%1.3%42.1%
IV Percentile45.0%0.4%82.1%0.8%82.1%
Term Structure-6.7%-15.2%13.7%13.7%-15.2%
VWIV40.6%22.5%53.2%22.5%53.2%
Skew 25d2.6%0.5%4.1%1.0%0.9%
Skew 10d7.4%-8.1%16.9%2.5%10.8%
Call IV 25d39.4%22.6%53.2%22.6%53.2%
Put IV 25d42.1%23.6%54.1%23.6%54.1%
Bid-Ask Spread %56.8734.0391.7591.5260.55
Gamma HHI0.380.190.640.360.19
Net GEX907.8K733.7K1.5M936.7K787.7K
Net DEX-34.2M-43.9M-23.9M-33.9M-30.5M
Net VEX-93.8K-116.1K-80.7K-85.0K-115.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.890.145.100.570.97
Total Volume577.55942,458154205
Total OI15,141.213,91816,45413,91816,454

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$53.75$45.0022.7%6.5%16.5%1.3%22.5%1.0%13.7%936.7K-33.9M-85.0K0.5791.52N/AN/A98569,8184,100
2023-07-05$53.00$45.0024.3%7.0%17.6%3.5%23.7%1.8%12.1%978.3K-31.4M-85.8K5.1091.75N/AN/A633219,8864,148
2023-07-06$52.69$47.5023.6%10.6%17.7%2.5%38.2%4.1%-6.6%970.8K-29.9M-86.9K0.2752.73N/AN/A74209,8934,409
2023-07-07$53.36$47.5021.9%10.7%16.7%0.2%41.5%3.2%-6.3%959.0K-32.6M-85.1K0.3158.40N/AN/A132419,9144,407
2023-07-10$54.50$47.5023.2%10.8%16.5%2.1%38.1%3.8%-7.0%915.1K-36.4M-84.0K0.1761.37N/AN/A187319,9754,420
2023-07-11$55.06$47.5022.8%10.9%16.6%1.5%39.0%4.0%-7.8%871.9K-38.4M-80.7K2.0934.03N/AN/A23649310,0634,450
2023-07-12$55.59$47.5037.5%10.8%15.2%21.9%37.7%2.9%-6.9%836.2K-39.5M-86.3K0.6649.51N/AN/A41227310,1964,815
2023-07-13$56.48$47.5036.8%10.5%15.5%20.8%37.7%2.3%-6.7%733.7K-42.2M-85.3K0.2551.93N/AN/A96724610,3865,026
2023-07-14$55.98$47.5038.6%11.1%16.2%23.4%37.7%3.0%-7.2%859.4K-39.8M-90.7K0.1944.02N/AN/A4708810,5165,172
2023-07-17$56.47$47.5039.8%11.4%16.3%25.0%41.7%2.6%-8.9%840.2K-41.9M-88.2K1.5456.31N/AN/A10416010,7895,240
2023-07-18$56.98$47.5039.9%11.4%16.3%25.2%45.3%2.7%-9.6%878.6K-43.9M-85.2K0.1450.17N/AN/A93613510,8195,201
2023-07-19$56.06$47.5042.0%12.0%17.9%28.1%42.0%2.6%-10.2%961.0K-40.6M-89.1K0.2148.26N/AN/A2565410,8665,319
2023-07-20$54.84$47.5042.2%12.1%20.1%28.4%42.1%3.8%-4.9%1.3M-36.1M-91.7K0.3351.80N/AN/A2518211,0205,332
2023-07-21$55.14$47.5042.4%12.2%20.1%28.6%45.3%3.6%-7.4%1.5M-37.3M-90.0K0.1560.66N/AN/A2,14031811,0515,345
2023-07-24$55.34$47.5043.8%12.6%19.8%30.6%44.3%3.1%-8.7%772.0K-27.3M-106.0K0.5461.27N/AN/A2721489,8294,260
2023-07-25$55.92$50.0044.0%12.6%18.9%30.8%43.7%2.2%-10.2%767.9K-27.5M-103.2K0.6046.93N/AN/A3942359,5764,404
2023-07-26$55.16$52.5045.6%13.1%19.6%33.1%45.2%3.0%-10.9%777.8K-25.2M-108.6K0.6469.55N/AN/A26316810,0094,657
2023-07-27$54.89$52.5045.9%13.2%19.5%33.5%45.9%1.4%-11.6%736.9K-23.9M-111.5K0.3945.60N/AN/A61424210,0724,825
2023-07-28$55.22$52.5047.7%13.7%19.5%36.0%48.1%0.5%-13.2%802.9K-25.4M-116.1K2.7050.99N/AN/A9926710,7985,364
2023-07-31$56.81$52.5052.1%14.9%21.0%42.1%53.2%0.9%-15.2%787.7K-30.5M-115.9K0.9760.55N/AN/A10410110,8675,587