TDC Options History — March 2025

In March 2025, TDC traded between $22.05 and $24.27. ATM implied volatility averaged 36.3%, placing in the 19.7% IV rank vs the trailing year. The 30-day expected move averaged 12.6%. IV traded below realized volatility by 11.5% (HV 20d: 47.8%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 2.57.

Notable Days

  • 2025-03-24: Highest Volume — 2,432 contracts
  • 2025-03-12: Largest IV drop — 16.9% change
  • 2025-03-10: Highest IV Rank — 30.9%
  • 2025-03-20: Largest Expected Move — 14.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.08$22.05$24.27$23.30$22.48
Max Pain$23.95$22.50$25.00$25.00$25.00
ATM IV36.3%29.2%46.6%41.8%34.1%
Expected Move12.6%11.0%14.2%12.0%14.0%
HV 20d47.8%22.5%78.1%77.7%34.3%
HV 60d50.1%49.2%51.3%50.0%51.3%
IV Rank19.7%12.0%30.9%25.7%17.3%
IV Percentile58.6%38.9%70.2%68.3%56.0%
Term Structure8.3%-5.1%21.8%-5.1%14.6%
VWIV43.9%38.7%48.7%41.4%48.6%
Skew 25d1.8%-7.6%5.5%3.3%-7.6%
Skew 10d3.3%-12.5%20.1%2.0%-12.5%
Call IV 25d35.0%29.2%41.4%40.4%35.0%
Put IV 25d36.8%27.4%44.4%43.7%27.4%
Bid-Ask Spread %62.2347.17116.0658.9869.30
Gamma HHI0.300.240.410.270.24
Net GEX185.2K-29.8K346.4K337.0K-29.8K
Net DEX-1.7M-3.4M537.6K-3.1M537.6K
Net VEX-18.8K-26.4K-14.6K-25.3K-16.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.570.0229.250.031.50
Total Volume454.762602,432356285
Total OI16,311.57114,78117,65316,35717,653

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$23.30$25.0041.8%12.0%77.7%25.7%41.4%3.3%-5.1%337.0K-3.1M-25.3K0.0358.98N/AN/A347915,2171,140
2025-03-04$23.25$25.0041.4%11.9%77.8%25.2%43.4%3.9%-4.5%311.7K-2.7M-22.7K0.2053.24N/AN/A4549015,0501,138
2025-03-05$23.55$25.0041.6%11.9%78.0%25.4%40.6%1.5%4.0%346.4K-3.4M-26.4K1.2747.87N/AN/A9011415,3551,221
2025-03-06$22.96$22.5041.7%12.0%77.9%25.6%42.5%5.5%5.2%262.6K-2.3M-23.2K0.1654.33N/AN/A1342115,3601,297
2025-03-07$22.97$22.5041.3%11.8%78.1%25.1%41.6%-6.9%5.2%253.0K-2.2M-21.8K0.0947.17N/AN/A55515,3801,293
2025-03-10$22.61$22.5046.6%13.4%77.9%30.9%46.3%2.7%2.8%245.2K-2.4M-22.9K0.0865.41N/AN/A3943315,3561,289
2025-03-11$22.38$22.5039.3%13.0%77.7%23.0%46.0%5.3%3.4%191.9K-1.6M-19.7K0.0256.30N/AN/A1,0462215,2211,293
2025-03-12$22.38$22.5032.7%11.9%77.9%15.7%42.3%3.8%6.1%108.8K-709.1K-15.4K0.0353.52N/AN/A3601214,6631,293
2025-03-13$22.05$22.5036.8%11.1%22.5%20.2%38.7%3.0%4.9%98.0K-695.7K-16.4K0.3467.48N/AN/A1816114,5721,277
2025-03-14$22.70$22.5036.0%11.0%25.7%19.4%39.3%5.5%5.0%92.5K-963.0K-15.8K0.1270.86N/AN/A1431714,5251,300
2025-03-17$23.34$25.0035.4%11.8%28.1%18.7%41.3%3.6%6.4%185.1K-2.0M-16.5K0.4356.49N/AN/A37816114,4371,296
2025-03-18$23.37$25.0036.6%11.9%28.0%20.0%44.0%4.1%4.9%182.9K-2.0M-17.9K0.1956.18N/AN/A3136014,4711,337
2025-03-19$23.34$25.0034.8%11.7%27.7%18.0%40.6%2.7%5.8%162.5K-1.9M-16.6K3.9457.40N/AN/A3413414,4601,348
2025-03-20$22.94$0.0034.9%14.2%25.9%18.2%0.0%3.8%21.8%55.7K-1.3M-14.8K0.35116.06N/AN/A1264414,4581,300
2025-03-21$22.86$0.0032.7%13.7%25.7%15.7%47.2%4.3%14.5%162.1K-1.4M-14.6K7.0656.80N/AN/A9063514,5351,313
2025-03-24$24.27$22.5029.2%12.8%31.9%12.0%45.3%2.6%15.8%303.3K-2.9M-18.2K2.2766.45N/AN/A7441,68813,5541,227
2025-03-25$23.75$25.0031.2%13.2%32.8%14.2%45.2%1.7%14.6%220.1K-1.9M-17.5K4.3169.39N/AN/A11549613,6022,878
2025-03-26$23.50$25.0031.4%13.6%33.0%14.4%48.2%-0.7%15.4%145.2K-1.4M-17.7K0.0567.88N/AN/A130613,6583,357
2025-03-27$23.69$25.0031.2%13.6%31.8%14.1%48.7%0.1%17.0%180.8K-1.6M-17.8K29.2561.04N/AN/A411713,7463,358
2025-03-28$22.98$25.0032.2%13.5%33.7%15.3%46.5%-4.2%15.5%74.4K-545.3K-17.1K2.2454.62N/AN/A12427813,8473,468
2025-03-31$22.48$25.0034.1%14.0%34.3%17.3%48.6%-7.6%14.6%-29.8K537.6K-16.7K1.5069.30N/AN/A11417113,9073,746