TDC Options History — March 2024

In March 2024, TDC traded between $37.61 and $39.36. ATM implied volatility averaged 27.7%, placing in the 16.2% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded below realized volatility by 21.6% (HV 20d: 49.2%). Max pain ranged from $37.50 to $40.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 1.07.

Notable Days

  • 2024-03-04: Highest Volume — 1,314 contracts
  • 2024-03-13: Largest IV drop — 18.6% change
  • 2024-03-11: Highest IV Rank — 29.6%
  • 2024-03-07: Largest Expected Move — 8.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.23$37.61$39.36$38.47$38.70
Max Pain$39.75$37.50$40.00$37.50$40.00
ATM IV27.7%24.7%34.6%27.7%27.1%
Expected Move7.7%7.1%8.6%7.9%7.8%
HV 20d49.2%20.7%90.7%89.6%21.5%
HV 60d56.0%55.5%57.4%57.4%55.9%
IV Rank16.2%10.5%29.6%16.3%15.2%
IV Percentile39.8%18.3%66.3%47.6%45.2%
Term Structure11.4%-0.8%23.4%-0.8%12.8%
VWIV26.7%23.5%30.2%27.9%23.5%
Skew 25d1.3%-0.3%3.5%0.7%0.0%
Skew 10d3.2%-6.2%16.4%8.9%-6.2%
Call IV 25d26.7%23.6%30.6%25.8%24.6%
Put IV 25d28.0%24.6%30.9%26.5%24.6%
Bid-Ask Spread %65.9248.3281.5170.7266.00
Gamma HHI0.270.220.320.270.32
Net GEX433.1K239.0K694.8K589.0K447.6K
Net DEX-3.8M-6.4M-2.1M-5.6M-4.5M
Net VEX-35.3K-41.3K-29.0K-40.9K-39.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.070.028.090.161.24
Total Volume385.35521,314321305
Total OI11,067.78,43212,29612,11910,659

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$38.47$37.5027.7%7.9%89.6%16.3%27.9%0.7%-0.8%589.0K-5.6M-40.9K0.1670.72N/AN/A2764510,2661,853
2024-03-04$38.20$37.5030.5%8.5%89.4%21.7%29.6%0.3%1.9%570.1K-5.0M-38.4K0.1276.41N/AN/A1,17114310,2551,871
2024-03-05$37.61$40.0030.6%8.3%89.4%21.8%30.2%1.7%7.3%464.6K-3.5M-36.5K0.8973.34N/AN/A13612110,3101,943
2024-03-06$38.86$40.0028.6%8.4%90.7%18.0%29.8%1.0%5.6%694.8K-6.4M-40.3K0.0268.69N/AN/A310610,3081,909
2024-03-07$38.34$40.0031.3%8.6%90.2%23.3%29.5%0.9%4.4%561.4K-4.7M-37.1K0.0570.33N/AN/A161810,0431,908
2024-03-08$38.03$40.0029.7%8.3%89.8%20.2%28.6%1.0%6.0%503.9K-3.8M-34.3K3.1560.97N/AN/A5216410,0951,920
2024-03-11$38.06$40.0034.6%8.2%89.6%29.6%28.8%0.2%6.0%464.9K-3.2M-33.4K0.8664.76N/AN/A16914610,0692,059
2024-03-12$38.14$40.0032.4%7.6%89.8%25.4%25.8%0.0%8.4%434.7K-2.8M-33.0K8.0960.20N/AN/A5746110,0912,205
2024-03-13$38.09$40.0026.4%7.6%25.2%13.8%26.7%1.4%8.5%405.5K-3.1M-31.3K0.3462.83N/AN/A1143910,0971,934
2024-03-14$37.64$40.0026.0%7.4%24.7%12.9%26.1%2.6%21.0%303.1K-2.4M-29.0K0.5065.52N/AN/A22111110,1701,850
2024-03-15$37.87$40.0024.7%7.1%23.6%10.5%23.8%2.9%23.4%438.0K-3.7M-32.1K0.8767.63N/AN/A15613510,3031,892
2024-03-18$37.91$40.0026.3%7.5%22.8%13.6%24.2%1.9%14.0%239.0K-2.1M-30.5K0.0557.38N/AN/A1,039496,9351,497
2024-03-19$38.20$40.0024.8%7.1%22.0%10.7%25.0%2.3%16.0%319.8K-2.8M-33.3K0.4159.05N/AN/A212867,8111,528
2024-03-20$37.85$40.0025.2%7.2%21.9%11.4%25.3%3.2%15.1%298.9K-2.5M-32.9K0.4181.51N/AN/A37158,0041,611
2024-03-21$38.33$40.0025.1%7.2%21.2%11.3%27.5%0.7%15.0%326.0K-3.1M-34.2K0.6548.32N/AN/A118778,0351,609
2024-03-22$38.14$40.0025.0%7.2%20.8%11.1%25.6%1.2%15.6%329.2K-3.5M-36.4K0.6562.23N/AN/A133868,1351,588
2024-03-25$38.14$40.0026.6%7.6%20.7%14.1%26.2%3.5%15.1%336.5K-3.2M-35.0K0.4672.97N/AN/A5042318,0951,663
2024-03-26$38.63$40.0025.5%7.3%20.8%12.1%25.9%0.3%16.9%409.2K-3.9M-36.8K0.1271.06N/AN/A398488,4281,771
2024-03-27$39.36$40.0024.8%7.1%21.0%10.6%25.2%-0.3%16.2%525.1K-5.9M-41.3K2.2758.40N/AN/A511168,8201,814
2024-03-28$38.70$40.0027.1%7.8%21.5%15.2%23.5%0.0%12.8%447.6K-4.5M-39.3K1.2466.00N/AN/A1361698,8461,813