TDC Options History — February 2024

In February 2024, TDC traded between $36.92 and $49.13. ATM implied volatility averaged 38.5%, placing in the 35.0% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded below realized volatility by 26.6% (HV 20d: 65.1%). Max pain ranged from $37.50 to $50.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 1.26.

Notable Days

  • 2024-02-13: Highest Volume — 8,340 contracts
  • 2024-02-07: Largest IV drop — 40.4% change
  • 2024-02-06: Highest IV Rank — 88.0%
  • 2024-02-12: Largest Expected Move — 15.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.97$36.92$49.13$47.70$37.53
Max Pain$41.50$37.50$50.00$45.00$37.50
ATM IV38.5%25.9%70.1%56.7%28.3%
Expected Move9.8%7.4%15.3%11.6%8.1%
HV 20d65.1%23.0%90.2%29.4%90.0%
HV 60d44.9%26.4%57.1%27.2%57.1%
IV Rank35.0%12.9%88.0%64.9%17.5%
IV Percentile60.9%29.4%98.8%92.5%51.6%
Term Structure-3.7%-18.7%1.1%-5.7%-1.1%
VWIV34.2%26.3%53.5%39.6%28.0%
Skew 25d1.6%0.1%4.1%4.1%3.5%
Skew 10d5.0%-5.8%23.5%8.8%12.1%
Call IV 25d34.5%27.2%53.5%39.1%27.6%
Put IV 25d36.1%27.6%55.3%43.3%31.1%
Bid-Ask Spread %55.2229.5274.5049.2468.86
Gamma HHI0.250.210.410.240.24
Net GEX336.9K-108.4K707.1K191.5K459.8K
Net DEX-2.3M-6.6M15.3M-4.5M-3.3M
Net VEX-32.3K-43.1K-13.1K-32.0K-37.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.260.008.360.064.04
Total Volume1,328.75198,34036338
Total OI10,278.056,41715,3956,41712,268

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$47.70$45.0056.7%11.6%29.4%64.9%39.6%4.1%-5.7%191.5K-4.5M-32.0K0.0649.24N/AN/A3423,9222,495
2024-02-02$47.98$45.0058.2%11.7%29.4%67.5%46.3%3.3%-6.1%210.4K-5.0M-32.4K3.8957.15N/AN/A562183,9322,497
2024-02-05$47.48$45.0066.5%12.1%29.4%81.8%0.0%3.4%-6.8%170.5K-4.2M-30.7K1.7132.89N/AN/A7123,9452,683
2024-02-06$47.47$45.0070.1%12.0%28.6%88.0%41.7%2.3%-6.3%169.6K-4.1M-30.3K8.3629.52N/AN/A141173,9442,735
2024-02-07$48.20$45.0041.8%12.0%28.8%39.0%41.1%3.0%-18.7%205.2K-5.0M-29.7K2.5845.18N/AN/A591523,9502,782
2024-02-08$48.71$47.5043.4%12.4%28.5%41.7%42.8%1.7%-6.6%209.4K-5.8M-30.5K0.1553.74N/AN/A221343,9712,880
2024-02-09$49.13$47.5047.2%13.5%27.5%53.8%47.2%1.5%-9.8%217.3K-6.6M-30.3K0.6556.07N/AN/A8765723,9982,890
2024-02-12$48.70$50.0053.4%15.3%23.0%65.9%53.5%1.8%-13.1%199.3K-6.0M-33.1K0.7255.88N/AN/A3,0002,1474,5973,301
2024-02-13$38.20$47.5033.0%9.5%89.6%26.5%34.5%1.1%-1.6%-108.4K15.3M-13.1K0.5655.01N/AN/A5,3552,9856,2405,013
2024-02-14$38.86$37.5028.0%8.0%90.2%16.7%29.0%0.9%0.2%385.3K3.4M-27.1K0.0843.54N/AN/A4,01133310,0944,431
2024-02-15$38.00$37.5027.1%7.8%89.6%15.2%27.4%1.3%-0.5%400.5K1.7M-29.4K0.1268.27N/AN/A97712011,3943,608
2024-02-16$37.38$37.5026.8%7.7%89.5%14.5%27.6%0.2%-0.4%707.1K3.3M-28.2K0.9460.43N/AN/A45242511,8213,574
2024-02-20$38.05$37.5028.3%8.1%89.6%17.5%28.7%0.9%-0.5%462.6K-3.6M-31.8K0.0144.00N/AN/A1,496228,7811,766
2024-02-21$37.64$37.5027.4%7.8%89.6%15.6%27.5%0.9%0.0%498.8K-3.8M-37.9K0.6962.23N/AN/A2441699,9151,740
2024-02-22$38.39$37.5027.4%7.9%90.2%15.7%28.2%0.1%0.6%604.4K-5.6M-43.1K0.4563.56N/AN/A34215310,0471,861
2024-02-23$37.89$37.5025.9%7.4%90.1%12.9%26.3%0.4%1.1%488.1K-3.8M-38.7K0.1470.40N/AN/A237349,8582,003
2024-02-26$37.72$37.5027.1%7.8%90.1%15.1%27.4%0.6%0.1%458.0K-3.2M-37.2K0.0159.52N/AN/A52359,9592,019
2024-02-27$37.36$37.5027.1%7.8%90.0%15.0%27.2%0.9%0.2%429.5K-2.7M-36.4K0.0054.40N/AN/A477210,1842,037
2024-02-28$36.92$37.5027.0%7.7%89.8%14.8%26.5%0.1%0.8%379.8K-2.2M-35.8K0.0974.50N/AN/A3243010,4082,018
2024-02-29$37.53$37.5028.3%8.1%90.0%17.5%28.0%3.5%-1.1%459.8K-3.3M-37.4K4.0468.86N/AN/A6727110,2642,004