TDC Options History — November 2023

In November 2023, TDC traded between $42.52 and $47.81. ATM implied volatility averaged 30.4%, placing in the 14.5% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 8.1% (HV 20d: 22.3%). Max pain ranged from $42.50 to $47.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.56.

Notable Days

  • 2023-11-07: Highest Volume — 2,704 contracts
  • 2023-11-07: Largest IV drop — 60.9% change
  • 2023-11-06: Highest IV Rank — 68.9%
  • 2023-11-01: Largest Expected Move — 17.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.33$42.52$47.81$42.52$47.05
Max Pain$45.00$42.50$47.50$45.00$45.00
ATM IV30.4%19.3%71.1%61.9%20.5%
Expected Move7.8%5.5%17.7%17.7%5.9%
HV 20d22.3%18.9%25.9%22.9%18.9%
HV 60d22.5%21.6%23.3%21.6%21.9%
IV Rank14.5%0.0%68.9%56.4%2.1%
IV Percentile23.1%0.0%98.0%94.4%1.2%
Term Structure-1.5%-16.7%1.5%-16.7%0.3%
VWIV29.6%19.3%70.3%70.3%21.1%
Skew 25d3.2%0.7%8.6%8.3%2.4%
Skew 10d7.0%-2.2%15.7%15.7%5.5%
Call IV 25d27.0%20.1%58.2%58.2%21.3%
Put IV 25d30.2%22.3%66.5%66.5%23.7%
Bid-Ask Spread %64.7243.6888.0957.2351.39
Gamma HHI0.270.180.410.180.28
Net GEX378.5K178.6K571.6K178.6K445.7K
Net DEX-6.6M-11.9M-1.4M-1.4M-6.6M
Net VEX-27.8K-34.9K-24.5K-25.5K-25.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.560.013.191.410.03
Total Volume439.619322,70465599
Total OI9,593.4767,44111,9458,0328,389

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$42.52$45.0061.9%17.7%22.9%56.4%70.3%8.3%-16.7%178.6K-1.4M-25.5K1.4157.23N/AN/A27385,5912,441
2023-11-02$43.25$47.5062.2%12.5%23.5%56.8%41.1%5.0%-5.9%195.2K-2.3M-26.4K0.1553.24N/AN/A194295,5952,454
2023-11-03$44.47$45.0062.3%12.1%23.9%56.9%41.4%5.0%-4.9%228.8K-3.8M-27.6K0.1449.69N/AN/A286405,6582,465
2023-11-06$44.70$42.5071.1%12.9%23.9%68.9%44.9%4.6%-6.0%252.7K-4.4M-27.8K1.6944.15N/AN/A6481,0975,8292,477
2023-11-07$45.89$45.0027.8%8.0%25.8%10.0%27.3%3.1%-0.1%211.6K-4.0M-28.0K0.4677.34N/AN/A1,8528526,1284,134
2023-11-08$46.25$45.0025.9%7.4%25.9%7.3%19.3%8.6%1.0%385.3K-6.9M-32.7K0.1084.47N/AN/A512527,2044,094
2023-11-09$46.08$45.0026.2%7.5%23.2%10.1%26.5%2.4%0.5%387.1K-6.7M-32.6K3.1981.68N/AN/A521667,3294,091
2023-11-10$46.56$45.0023.8%6.8%22.8%5.9%24.4%3.8%0.5%397.4K-7.6M-34.9K0.0278.08N/AN/A6317,3904,281
2023-11-13$46.45$45.0023.8%6.8%21.7%5.9%26.1%2.3%0.6%361.7K-7.5M-29.9K0.1557.70N/AN/A110167,3734,282
2023-11-14$47.81$45.0023.3%6.7%23.7%5.0%23.4%2.1%0.5%345.8K-11.9M-28.8K0.0488.09N/AN/A613257,3844,292
2023-11-15$47.36$45.0023.1%6.6%23.8%4.7%23.3%2.3%0.9%516.6K-10.5M-29.2K0.3560.91N/AN/A103367,5734,311
2023-11-16$46.78$45.0022.1%6.3%23.2%2.9%22.5%2.1%0.8%358.4K-7.4M-27.7K0.5249.46N/AN/A29157,6064,335
2023-11-17$47.16$45.0021.1%6.0%22.8%1.1%21.4%1.8%-7.8%571.6K-8.3M-26.8K0.3743.68N/AN/A35137,6044,341
2023-11-20$47.53$45.0021.0%6.0%22.9%0.9%20.6%1.7%0.5%344.2K-7.0M-24.5K0.1671.43N/AN/A7741264,8052,636
2023-11-21$47.39$45.0020.2%5.8%23.0%0.0%20.3%2.6%0.8%438.0K-7.3M-27.3K0.0681.46N/AN/A11075,3602,722
2023-11-22$47.17$45.0020.4%5.8%19.7%0.3%48.0%2.2%0.5%450.5K-7.0M-26.9K0.1971.69N/AN/A365695,4542,730
2023-11-24$47.09$45.0019.3%5.5%19.2%0.0%29.4%1.3%1.5%453.6K-6.8M-26.2K1.3967.90N/AN/A18255,5132,690
2023-11-27$47.20$45.0021.2%6.1%19.0%3.4%20.4%1.9%0.2%476.1K-7.1M-25.1K0.6362.48N/AN/A38245,5692,687
2023-11-28$47.16$45.0020.9%6.0%19.1%2.9%20.9%2.5%0.5%469.5K-7.0M-24.6K0.0165.72N/AN/A14015,5802,681
2023-11-29$47.13$45.0020.9%6.0%19.1%2.8%21.1%0.7%0.6%480.4K-7.0M-25.5K0.6861.43N/AN/A19135,7022,683
2023-11-30$47.05$45.0020.5%5.9%18.9%2.1%0.0%2.4%0.3%445.7K-6.6M-25.2K0.0351.39N/AN/A583165,7002,689