TDC Options History — September 2023

In September 2023, TDC traded between $43.80 and $45.98. ATM implied volatility averaged 27.7%, placing in the 9.2% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 4.6% (HV 20d: 23.1%). Max pain ranged from $45.00 to $47.50. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 1.05.

Notable Days

  • 2023-09-12: Highest Volume — 329 contracts
  • 2023-09-12: Largest IV spike — 176.9% change
  • 2023-09-12: Highest IV Rank — 62.5%
  • 2023-09-28: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.64$43.80$45.98$45.98$45.08
Max Pain$45.13$45.00$47.50$47.50$45.00
ATM IV27.7%20.5%66.8%22.9%25.4%
Expected Move6.8%5.9%7.6%6.6%7.3%
HV 20d23.1%17.1%64.5%64.5%20.9%
HV 60d41.4%41.1%41.8%41.7%41.8%
IV Rank9.2%0.0%62.5%1.6%6.7%
IV Percentile16.3%0.0%95.6%2.0%14.7%
Term Structure12.2%2.1%14.5%2.1%14.5%
VWIV24.0%20.3%27.8%27.8%25.4%
Skew 25d2.5%1.3%5.4%1.8%1.5%
Skew 10d4.3%-2.9%10.8%9.1%2.6%
Call IV 25d23.4%20.4%27.0%22.5%25.9%
Put IV 25d25.9%22.2%28.8%24.4%27.4%
Bid-Ask Spread %60.4337.0795.7195.7183.73
Gamma HHI0.160.130.270.160.15
Net GEX188.4K-17.9K305.7K305.7K271.6K
Net DEX-3.8M-6.7M-986.2K-5.8M-5.7M
Net VEX-43.4K-56.6K-38.1K-56.6K-39.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.050.064.481.380.25
Total Volume163.2593298875
Total OI12,77011,22214,21513,86511,645

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$45.98$47.5022.9%6.6%64.5%1.6%27.8%1.8%2.1%305.7K-5.8M-56.6K1.3895.71N/AN/A375110,1203,745
2023-09-05$45.07$45.0025.9%7.1%64.5%5.7%24.7%2.3%9.7%209.8K-3.5M-53.3K1.5747.48N/AN/A12719910,1383,779
2023-09-06$44.64$45.0024.9%7.0%19.6%4.4%24.6%2.5%10.9%114.3K-2.5M-50.2K0.4749.38N/AN/A2019510,1353,877
2023-09-07$44.18$45.0024.8%6.9%19.2%4.2%24.5%3.0%11.8%42.2K-1.6M-47.9K0.0654.72N/AN/A71410,2213,864
2023-09-08$44.06$45.0055.8%6.6%18.3%47.2%23.1%3.1%11.0%64.6K-1.0M-46.6K0.2958.06N/AN/A1705010,2543,862
2023-09-11$44.34$45.0024.1%6.5%18.4%3.3%23.7%2.9%11.9%23.7K-2.3M-46.1K0.3237.07N/AN/A622010,3003,800
2023-09-12$43.94$45.0066.8%6.4%18.4%62.5%23.5%2.5%11.8%-17.9K-986.2K-41.6K4.4850.32N/AN/A6026910,3533,776
2023-09-13$44.25$45.0021.6%6.2%18.6%0.0%21.9%2.5%12.4%8.3K-1.9M-40.6K1.8249.53N/AN/A8315110,4013,814
2023-09-14$44.69$45.0020.5%5.9%18.0%0.0%20.5%1.8%13.4%274.2K-3.9M-43.0K1.1454.15N/AN/A9410710,5013,637
2023-09-15$44.61$45.0021.0%6.0%17.1%0.7%20.3%2.3%12.3%258.9K-3.1M-40.7K3.0061.39N/AN/A309010,5153,633
2023-09-18$45.00$45.0022.4%6.4%17.3%2.6%22.2%2.5%14.0%229.3K-5.2M-41.5K0.0673.73N/AN/A274178,3562,866
2023-09-19$44.94$45.0022.5%6.5%17.3%2.8%22.5%2.5%14.2%241.8K-5.1M-41.1K0.7584.50N/AN/A105798,4592,868
2023-09-20$45.37$45.0022.4%6.4%17.4%2.6%20.8%5.4%14.2%291.3K-6.0M-41.9K1.2286.71N/AN/A27338,4482,890
2023-09-21$44.14$45.0024.4%7.0%19.9%5.4%24.5%3.3%13.2%212.8K-3.7M-40.4K1.0272.18N/AN/A86888,4792,910
2023-09-22$44.42$45.0023.9%6.9%18.8%4.7%24.2%1.8%13.0%235.2K-4.3M-39.8K0.2959.21N/AN/A78238,5462,972
2023-09-25$44.62$45.0025.2%7.2%17.8%6.4%25.6%2.9%13.7%253.6K-4.7M-40.0K0.9053.74N/AN/A31288,5822,946
2023-09-26$43.80$45.0026.4%7.6%17.9%8.0%27.4%2.4%13.1%213.5K-3.1M-38.1K1.4649.91N/AN/A28418,5852,957
2023-09-27$44.22$45.0026.4%7.6%17.3%8.1%27.1%1.3%13.6%240.5K-4.0M-39.0K0.3448.22N/AN/A61218,5852,973
2023-09-28$45.55$45.0026.5%7.6%20.6%8.1%26.0%2.2%13.9%295.3K-6.7M-40.4K0.1338.82N/AN/A175238,6232,985
2023-09-29$45.08$45.0025.4%7.3%20.9%6.7%25.4%1.5%14.5%271.6K-5.7M-39.8K0.2583.73N/AN/A60158,6552,990