TDC Options History — August 2023

In August 2023, TDC traded between $43.79 and $57.47. ATM implied volatility averaged 34.0%, placing in the 16.9% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded below realized volatility by 22.5% (HV 20d: 56.5%). Max pain ranged from $47.50 to $57.50. Net GEX was positive for 16 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 1.62.

Notable Days

  • 2023-08-08: Highest Volume — 10,583 contracts
  • 2023-08-08: Largest IV drop — 41.0% change
  • 2023-08-07: Highest IV Rank — 59.4%
  • 2023-08-02: Largest Expected Move — 16.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.37$43.79$57.47$57.47$46.23
Max Pain$50.65$47.50$57.50$52.50$47.50
ATM IV34.0%23.8%64.6%53.4%23.8%
Expected Move8.9%6.8%16.0%15.3%6.8%
HV 20d56.5%21.2%66.7%21.2%64.7%
HV 60d38.7%23.4%43.3%27.4%41.7%
IV Rank16.9%2.8%59.4%43.9%2.8%
IV Percentile30.3%4.0%94.0%83.7%4.0%
Term Structure-2.1%-16.5%2.4%-14.3%2.1%
VWIV31.2%23.7%57.3%53.1%23.7%
Skew 25d1.7%-0.5%3.1%1.7%3.1%
Skew 10d2.7%-10.8%13.4%-8.1%13.4%
Call IV 25d31.0%21.2%56.9%53.8%21.2%
Put IV 25d32.7%24.3%58.6%55.5%24.3%
Bid-Ask Spread %63.8535.3883.4465.2353.00
Gamma HHI0.340.120.820.190.16
Net GEX-258.9K-2.3M869.3K807.3K362.6K
Net DEX-650.4K-33.5M24.9M-33.5M-7.0M
Net VEX-75.9K-121.5K-52.2K-113.8K-63.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.620.1513.280.150.48
Total Volume1,098.5224910,58357599
Total OI18,385.21713,25024,69116,62413,854

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$57.47$52.5053.4%15.3%21.2%43.9%53.1%1.7%-14.3%807.3K-33.5M-113.8K0.1565.23N/AN/A4997610,9635,661
2023-08-02$55.28$52.5055.9%16.0%25.3%47.4%57.3%1.7%-16.5%784.4K-25.4M-116.9K1.6255.39N/AN/A9515411,1615,712
2023-08-03$55.42$57.5057.6%11.2%25.1%49.7%39.0%2.4%-3.5%816.3K-26.1M-117.6K0.7964.94N/AN/A15112011,4495,820
2023-08-04$55.60$57.5059.2%11.5%24.9%51.9%40.9%1.1%-5.1%825.7K-26.7M-121.5K0.3957.40N/AN/A41616211,5455,925
2023-08-07$55.57$57.5064.6%11.7%23.8%59.4%40.5%2.6%-8.2%869.3K-26.3M-116.7K0.7463.01N/AN/A1,28995711,6416,041
2023-08-08$46.64$57.5038.1%9.2%66.7%22.7%31.9%2.4%-2.8%148.8K10.1M-76.2K2.2174.75N/AN/A3,2957,28812,5056,844
2023-08-09$45.91$52.5028.3%8.1%66.4%9.1%28.6%0.8%-0.3%-1.2M13.7M-85.9K13.2874.16N/AN/A3654,84813,69810,993
2023-08-10$45.09$50.0027.0%7.7%65.7%7.2%27.9%2.1%2.4%-1.5M14.4M-77.9K0.4150.69N/AN/A26911113,9649,913
2023-08-11$44.87$50.0027.3%7.8%65.8%7.8%27.6%0.8%0.6%-1.7M15.7M-74.1K0.8151.66N/AN/A55645313,9919,862
2023-08-14$45.17$50.0027.4%7.9%65.7%7.9%27.2%1.8%0.1%-2.1M13.4M-74.7K1.6971.59N/AN/A35960714,24110,067
2023-08-15$45.31$50.0027.3%7.8%65.5%7.6%27.1%1.3%0.9%-2.3M11.6M-73.7K0.3352.69N/AN/A2989714,32910,141
2023-08-16$44.55$50.0026.9%7.7%65.5%7.1%27.0%1.8%0.4%-2.2M18.7M-65.1K1.1976.46N/AN/A16719914,5639,831
2023-08-17$43.88$50.0027.1%7.8%65.4%7.5%27.2%1.1%0.6%-1.5M23.5M-59.0K5.8635.38N/AN/A8147514,6889,773
2023-08-18$44.03$50.0026.8%7.7%65.3%7.0%27.5%2.3%1.3%143.2K24.9M-56.5K0.2978.23N/AN/A1193414,7339,637
2023-08-21$43.89$47.5026.1%7.5%65.2%6.1%26.3%2.5%1.3%141.5K2.0M-54.5K0.9065.95N/AN/A1531389,5454,164
2023-08-22$44.22$47.5027.3%7.8%65.0%7.6%28.8%-0.5%0.7%179.1K1.0M-58.0K3.3978.51N/AN/A311059,6614,235
2023-08-23$44.61$47.5025.7%7.4%65.4%5.5%26.4%0.8%0.6%189.3K527.1K-57.1K0.2375.73N/AN/A80189,6934,252
2023-08-24$43.79$47.5025.6%7.4%65.5%5.4%25.6%1.2%1.1%163.5K-476.2K-54.6K0.7683.44N/AN/A29229,7343,699
2023-08-25$44.59$47.5024.2%6.9%66.0%3.5%26.4%1.3%1.6%170.6K-2.2M-52.2K0.7161.99N/AN/A2481769,7283,522
2023-08-28$45.30$47.5024.5%7.0%65.2%3.8%25.2%1.3%1.2%250.2K-4.0M-56.6K0.1653.57N/AN/A202329,8823,682
2023-08-29$45.98$47.5024.8%7.1%65.3%4.2%24.7%3.0%2.2%355.6K-6.2M-61.3K0.3964.68N/AN/A248969,9653,709
2023-08-30$46.13$47.5032.3%9.3%64.7%14.7%28.3%2.1%-14.6%359.3K-6.4M-59.1K0.4860.16N/AN/A331610,1223,722
2023-08-31$46.23$47.5023.8%6.8%64.7%2.8%23.7%3.1%2.1%362.6K-7.0M-63.6K0.4853.00N/AN/A673210,1283,726