TDC Options History — December 2023

In December 2023, TDC traded between $42.38 and $47.78. ATM implied volatility averaged 26.7%, placing in the 12.8% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded below realized volatility by 0.9% (HV 20d: 27.6%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 4 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 1.98.

Notable Days

  • 2023-12-07: Highest Volume — 3,044 contracts
  • 2023-12-07: Largest IV spike — 36.0% change
  • 2023-12-07: Highest IV Rank — 26.9%
  • 2023-12-07: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.25$42.38$47.78$47.52$43.64
Max Pain$42.13$40.00$45.00$45.00$42.50
ATM IV26.7%21.5%34.8%21.5%25.4%
Expected Move7.3%6.2%8.4%6.2%7.3%
HV 20d27.6%16.4%31.1%18.5%31.1%
HV 60d25.6%21.8%27.1%21.8%25.2%
IV Rank12.8%3.8%26.9%3.8%10.7%
IV Percentile28.7%4.4%59.5%4.4%23.4%
Term Structure10.0%-0.2%15.0%-0.2%14.9%
VWIV25.8%21.5%29.2%21.5%24.6%
Skew 25d3.0%1.6%7.2%1.6%2.3%
Skew 10d7.0%0.2%17.6%0.2%5.0%
Call IV 25d24.7%20.8%27.3%22.3%23.9%
Put IV 25d27.7%23.4%32.3%23.9%26.2%
Bid-Ask Spread %54.0229.7685.9367.0139.35
Gamma HHI0.380.240.700.280.44
Net GEX-81.3K-547.5K669.0K614.0K-327.0K
Net DEX-1.2M-9.2M4.7M-8.7M-498.4K
Net VEX-34.3K-39.3K-26.2K-30.2K-34.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.980.1113.630.851.68
Total Volume414.85663,04411375
Total OI10,225.78,91112,1048,91110,468

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$47.52$45.0021.5%6.2%18.5%3.8%21.5%1.6%-0.2%614.0K-8.7M-30.2K0.8567.01N/AN/A61526,2102,701
2023-12-04$47.78$40.0023.0%6.3%16.4%6.5%23.3%2.8%6.7%669.0K-9.2M-30.0K1.6484.65N/AN/A25416,2172,739
2023-12-05$47.59$40.0023.3%6.2%16.6%6.9%22.0%2.0%7.9%633.9K-8.8M-29.5K0.4485.93N/AN/A62276,2182,774
2023-12-06$46.44$40.0025.6%6.2%17.0%10.9%21.9%2.6%7.4%334.1K-5.9M-28.7K0.1244.39N/AN/A137166,2372,797
2023-12-07$43.36$40.0034.8%8.4%29.6%26.9%29.2%7.2%4.8%-12.3K154.0K-26.2K1.6551.16N/AN/A1,1501,8946,2082,803
2023-12-08$43.56$42.5030.4%7.7%29.7%19.3%25.9%4.2%7.5%-236.5K1.2M-33.5K3.2662.07N/AN/A2197136,6554,303
2023-12-11$43.78$42.5031.6%7.4%29.5%21.3%26.4%3.4%7.0%-182.9K851.6K-35.1K0.1143.87N/AN/A140156,7314,545
2023-12-12$42.53$42.5031.5%7.3%30.9%21.2%25.9%3.4%8.0%-220.3K3.3M-33.2K0.4046.70N/AN/A97396,8084,541
2023-12-13$42.76$42.5026.9%7.7%28.6%13.2%26.8%4.0%7.1%-184.9K2.4M-32.7K13.6372.98N/AN/A751,0226,8514,398
2023-12-14$42.38$42.5027.6%7.9%28.6%14.5%27.1%3.7%8.2%-355.0K4.7M-37.1K0.1957.61N/AN/A126246,8495,255
2023-12-15$42.42$42.5027.5%7.9%28.5%14.3%27.1%2.9%11.2%-547.5K4.3M-37.4K0.2129.76N/AN/A116246,9135,159
2023-12-18$43.63$42.5026.8%7.7%30.6%13.0%27.0%3.4%12.5%-268.4K183.8K-35.9K0.4961.59N/AN/A6393124,8244,364
2023-12-19$43.79$42.5024.8%7.1%30.4%9.5%26.4%4.0%12.9%-205.6K-405.0K-39.3K0.8959.25N/AN/A96855,2784,610
2023-12-20$43.50$42.5026.8%7.7%30.4%13.1%28.0%2.1%13.2%-249.8K70.9K-38.4K3.1261.89N/AN/A1033215,3024,624
2023-12-21$44.03$42.5025.5%7.3%30.9%10.9%29.1%1.8%13.0%-202.6K-1.3M-38.4K1.1229.93N/AN/A60675,3574,684
2023-12-22$44.28$42.5024.5%7.0%31.1%9.1%24.7%2.2%14.2%-181.4K-1.9M-38.1K0.1243.89N/AN/A7495,4384,752
2023-12-26$44.30$42.5025.1%7.2%31.1%10.1%26.1%3.0%14.3%-182.4K-2.0M-36.1K2.0047.60N/AN/A561125,4744,752
2023-12-27$44.05$42.5024.6%7.1%31.1%9.2%26.1%1.7%14.7%-227.7K-1.6M-36.0K1.6749.83N/AN/A48805,5204,770
2023-12-28$43.72$42.5026.3%7.5%31.1%12.2%26.4%2.3%15.0%-292.8K-703.9K-35.7K6.0841.03N/AN/A12735,5594,826
2023-12-29$43.64$42.5025.4%7.3%31.1%10.7%24.6%2.3%14.9%-327.0K-498.4K-34.4K1.6839.35N/AN/A28475,5674,901