TDC Options History — May 2025

In May 2025, TDC traded between $21.65 and $23.54. ATM implied volatility averaged 41.7%, placing in the 25.5% IV rank vs the trailing year. The 30-day expected move averaged 10.7%. IV traded above realized volatility by 6.6% (HV 20d: 35.0%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.46.

Notable Days

  • 2025-05-06: Highest Volume — 1,313 contracts
  • 2025-05-07: Largest IV drop — 65.3% change
  • 2025-05-06: Highest IV Rank — 79.9%
  • 2025-05-02: Largest Expected Move — 20.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.37$21.65$23.54$21.71$21.86
Max Pain$21.31$20.00$22.50$22.50$22.50
ATM IV41.7%28.1%91.7%72.1%41.8%
Expected Move10.7%8.1%20.8%20.7%12.0%
HV 20d35.0%25.7%63.7%63.7%28.7%
HV 60d49.2%43.5%61.8%61.2%44.3%
IV Rank25.5%10.8%79.9%58.7%25.7%
IV Percentile54.3%22.6%98.8%94.8%65.9%
Term Structure-3.4%-24.0%1.9%-21.0%-19.4%
VWIV38.4%28.1%77.3%73.5%34.9%
Skew 25d3.7%-6.8%9.7%6.8%9.0%
Skew 10d5.3%-11.8%15.9%15.5%15.0%
Call IV 25d36.7%26.5%72.8%71.4%31.0%
Put IV 25d40.4%26.8%79.2%78.2%40.0%
Bid-Ask Spread %60.5635.2790.5343.3386.04
Gamma HHI0.220.170.270.170.22
Net GEX85.6K45.8K151.5K45.8K66.9K
Net DEX-2.1M-3.8M-1.1M-1.1M-1.5M
Net VEX-14.3K-16.6K-12.2K-14.9K-12.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.002.010.470.50
Total Volume228121,3137212
Total OI6,351.3815,4417,4175,4416,007

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$21.71$22.5072.1%20.7%63.7%58.7%73.5%6.8%-21.0%45.8K-1.1M-14.9K0.4743.33N/AN/A49234,0351,406
2025-05-02$22.03$22.5072.5%20.8%59.3%59.1%77.3%6.4%-24.0%50.7K-1.3M-15.1K0.8742.83N/AN/A61534,0751,399
2025-05-05$22.28$20.0085.3%14.7%52.7%72.9%54.2%3.6%-5.1%55.4K-1.5M-15.4K0.0941.44N/AN/A361324,1271,448
2025-05-06$21.96$20.0091.7%15.2%49.9%79.9%52.9%4.7%-5.9%72.6K-1.9M-16.3K0.4542.32N/AN/A9054084,5481,463
2025-05-07$22.38$20.0031.9%9.7%49.9%14.9%33.5%-6.8%-0.4%98.4K-1.8M-15.1K0.2490.53N/AN/A6621595,1901,700
2025-05-08$22.79$20.0035.7%9.6%29.3%19.1%35.1%5.0%-0.8%151.5K-2.9M-16.6K0.1368.39N/AN/A282375,6431,657
2025-05-09$22.45$20.0032.0%9.3%25.7%15.0%32.4%3.6%0.3%131.7K-2.2M-15.9K1.1967.21N/AN/A58695,5751,675
2025-05-12$23.54$20.0043.2%8.7%29.3%27.2%30.0%1.9%-0.1%150.7K-3.8M-15.6K0.3856.17N/AN/A3731435,5971,709
2025-05-13$23.46$20.0035.2%8.7%29.5%18.5%28.4%2.1%-2.0%135.1K-3.7M-15.1K0.0757.19N/AN/A12285,5711,755
2025-05-14$23.36$20.0030.9%8.8%29.5%13.8%35.6%3.0%-0.2%108.4K-3.8M-14.7K0.8156.11N/AN/A91745,5321,749
2025-05-15$23.13$20.0030.5%8.8%29.1%13.4%28.1%-1.5%0.6%107.8K-3.4M-14.5K0.5479.41N/AN/A69375,5451,818
2025-05-16$22.88$20.0028.1%8.1%29.7%10.8%28.8%3.0%1.4%93.3K-3.3M-14.4K0.2679.75N/AN/A43115,5701,847
2025-05-19$22.70$22.5029.0%8.3%27.5%11.7%30.0%4.4%1.9%93.7K-2.3M-14.3K2.0158.20N/AN/A721454,5121,145
2025-05-20$22.53$22.5029.3%8.4%27.5%12.1%30.3%2.9%1.4%72.9K-1.8M-13.7K0.2735.27N/AN/A2264,5291,286
2025-05-21$21.77$22.5030.7%8.8%29.4%13.6%31.6%8.5%0.5%61.0K-1.3M-13.5K0.6653.73N/AN/A53354,5431,279
2025-05-22$22.12$22.5031.4%9.0%28.0%14.4%32.8%1.6%0.1%70.1K-1.7M-13.4K0.2961.58N/AN/A49144,5861,255
2025-05-23$21.65$22.5031.2%9.0%29.1%14.2%30.6%9.7%0.3%57.5K-1.2M-12.6K0.2655.95N/AN/A39104,6171,259
2025-05-27$21.87$22.5030.3%8.7%29.3%13.1%0.0%0.6%1.2%58.8K-1.4M-12.2K0.0067.73N/AN/A6504,6331,259
2025-05-28$21.68$22.5029.9%8.6%29.5%12.8%30.3%2.2%1.0%56.3K-1.2M-12.4K0.1774.14N/AN/A1224,6621,259
2025-05-29$21.70$22.5032.3%9.3%29.0%15.4%34.9%6.3%-0.6%60.0K-1.3M-12.5K0.1054.40N/AN/A111114,6551,259
2025-05-30$21.86$22.5041.8%12.0%28.7%25.7%0.0%9.0%-19.4%66.9K-1.5M-12.8K0.5086.04N/AN/A844,7481,259