TDC Options History — January 2024

In January 2024, TDC traded between $42.33 and $48.61. ATM implied volatility averaged 40.3%, placing in the 36.4% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 14.1% (HV 20d: 26.1%). Max pain ranged from $42.50 to $47.50. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.41.

Notable Days

  • 2024-01-23: Highest Volume — 1,434 contracts
  • 2024-01-10: Largest IV spike — 57.6% change
  • 2024-01-31: Highest IV Rank — 64.4%
  • 2024-01-31: Largest Expected Move — 16.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.06$42.33$48.61$43.48$46.18
Max Pain$44.40$42.50$47.50$42.50$47.50
ATM IV40.3%25.1%56.5%27.3%56.5%
Expected Move12.4%7.5%16.2%7.8%16.2%
HV 20d26.1%20.8%31.3%30.7%29.3%
HV 60d25.9%24.8%27.0%25.1%27.0%
IV Rank36.4%10.2%64.4%13.9%64.4%
IV Percentile64.4%20.6%92.1%38.5%92.1%
Term Structure-6.4%-15.1%16.1%14.9%-15.1%
VWIV43.4%26.3%56.7%26.3%56.7%
Skew 25d4.6%2.3%10.8%5.9%2.3%
Skew 10d8.2%-30.0%15.1%12.9%2.4%
Call IV 25d41.9%23.0%55.8%23.0%55.8%
Put IV 25d46.5%28.5%59.1%28.8%58.2%
Bid-Ask Spread %48.9027.9685.2169.7654.04
Gamma HHI0.360.240.570.440.24
Net GEX62.8K-616.8K535.3K-355.6K115.0K
Net DEX-4.5M-11.3M2.9M94.4K-2.2M
Net VEX-30.8K-35.1K-27.7K-33.7K-30.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.410.0618.380.300.78
Total Volume258.048381,43469141
Total OI9,081.0954,70311,77610,5086,389

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$43.48$42.5027.3%7.8%30.7%13.9%26.3%5.9%14.9%-355.6K94.4K-33.7K0.3069.76N/AN/A53165,5764,932
2024-01-03$42.53$42.5026.3%7.5%31.0%12.1%26.6%2.6%16.1%-509.4K2.4M-31.9K0.2485.21N/AN/A3385,5864,931
2024-01-04$42.78$42.5026.0%12.3%31.3%11.7%41.9%4.9%-7.4%-524.3K1.8M-31.5K0.1848.61N/AN/A3365,5854,936
2024-01-05$42.33$42.5025.1%12.1%30.6%10.2%41.6%5.9%-7.6%-616.8K2.9M-30.6K0.2053.22N/AN/A50105,5844,929
2024-01-08$43.42$42.5027.1%12.1%21.3%13.6%40.1%5.7%-7.8%-448.0K28.7K-29.6K0.0650.34N/AN/A518295,5954,933
2024-01-09$43.67$42.5025.2%12.0%21.3%10.3%43.8%5.7%-6.3%-416.3K-1.7M-30.1K0.5849.37N/AN/A33196,0374,959
2024-01-10$44.45$42.5039.7%11.4%22.1%35.4%37.3%5.5%-6.7%-173.2K-3.8M-28.7K0.7854.89N/AN/A72566,0674,977
2024-01-11$45.58$42.5040.6%11.6%20.8%36.9%41.3%5.1%-7.8%200.3K-6.8M-27.7K1.6844.57N/AN/A44746,1044,980
2024-01-12$47.70$42.5040.0%11.5%25.6%35.9%39.0%4.6%-7.1%519.6K-10.9M-28.4K0.1532.74N/AN/A554856,1184,996
2024-01-16$47.44$42.5042.1%12.1%25.4%39.5%41.5%4.6%-9.4%469.9K-10.4M-28.3K0.0648.91N/AN/A551316,4015,047
2024-01-17$46.89$42.5042.7%12.2%26.1%40.6%44.4%4.3%-9.5%424.1K-9.3M-28.1K0.5953.36N/AN/A91546,4025,057
2024-01-18$47.86$45.0041.9%12.0%25.3%39.2%41.8%2.7%5.2%485.7K-11.2M-28.6K0.2448.45N/AN/A278676,3935,099
2024-01-19$47.84$45.0043.2%12.4%25.4%41.4%43.8%3.3%-6.9%535.3K-11.3M-29.1K0.2445.83N/AN/A243586,6135,163
2024-01-22$48.61$45.0043.9%12.6%25.3%42.6%43.3%2.6%-7.8%335.1K-6.7M-29.0K0.0847.54N/AN/A375293,4591,244
2024-01-23$47.80$45.0046.0%13.2%26.4%46.2%47.6%3.1%-9.8%343.7K-6.2M-30.0K18.3850.26N/AN/A741,3603,7611,259
2024-01-24$47.89$47.5047.3%13.6%26.4%48.6%46.3%3.8%-10.7%193.7K-4.7M-35.1K0.1053.88N/AN/A98103,7792,445
2024-01-25$47.78$47.5049.1%14.1%26.5%51.7%49.8%4.2%-10.7%183.9K-4.6M-35.0K0.6339.57N/AN/A73463,7892,450
2024-01-26$47.72$47.5049.0%14.0%26.3%51.4%50.8%10.8%-11.3%188.6K-4.4M-34.3K1.3838.34N/AN/A16223,8412,486
2024-01-29$47.48$47.5052.8%15.1%26.2%58.1%53.2%3.7%-13.8%177.0K-4.0M-33.1K0.0627.96N/AN/A4733,8482,539
2024-01-30$47.75$47.5054.1%15.5%26.1%60.3%55.2%5.7%-14.7%191.0K-4.4M-32.9K2.9330.12N/AN/A15443,8742,540
2024-01-31$46.18$47.5056.5%16.2%29.3%64.4%56.7%2.3%-15.1%115.0K-2.2M-30.8K0.7854.04N/AN/A79623,8752,514