TTD Options History — January 2020

In January 2020, TTD traded between $26.91 and $28.74. ATM implied volatility averaged 50.8%, placing in the 26.0% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded above realized volatility by 13.2% (HV 20d: 37.7%). Max pain ranged from $19.50 to $27.50. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.59.

Notable Days

  • 2020-01-02: Highest Volume — 273,560 contracts
  • 2020-01-27: Largest IV spike — 22.1% change
  • 2020-01-31: Highest IV Rank — 65.3%
  • 2020-01-30: Largest Expected Move — 15.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.97$26.91$28.74$27.00$26.91
Max Pain$26.31$19.50$27.50$19.50$27.50
ATM IV50.8%41.7%70.3%44.3%70.3%
Expected Move13.4%11.9%15.0%13.0%14.7%
HV 20d37.7%28.0%40.5%40.4%28.0%
HV 60d52.5%48.6%58.0%58.0%49.3%
IV Rank26.0%7.6%65.3%12.9%65.3%
IV Percentile32.4%6.0%75.4%12.3%75.4%
Term Structure3.1%-3.2%19.0%-0.2%-2.0%
VWIV46.2%41.7%51.7%45.6%51.7%
Skew 25d2.0%-0.5%3.9%2.2%2.4%
Skew 10d3.0%-0.9%7.5%4.6%-0.9%
Call IV 25d49.3%41.1%70.2%43.7%68.9%
Put IV 25d51.2%42.4%72.0%45.9%71.3%
Bid-Ask Spread %41.3512.6053.7012.6042.93
Gamma HHI0.100.060.170.120.10
Net GEX17.5M-8.2M34.0M31.2M-8.2M
Net DEX-859.2M-1.34B-261.9M-1.08B-261.9M
Net VEX-3.0M-3.1M-2.9M-2.9M-3.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.411.190.411.19
Total Volume180,262.381108,670273,560273,560188,800
Total OI1,009,089.524737,6101,278,0901,113,350875,170

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-01-02$27.00$19.5044.3%13.0%40.4%12.9%45.6%2.2%-0.2%31.2M-1.08B-2.9M0.4112.60N/AN/A193,95079,610710,620402,730
2020-01-03$27.22$20.0045.7%12.8%38.9%15.7%45.0%1.1%0.0%32.3M-1.13B-2.9M0.7339.77N/AN/A100,84074,060723,080426,810
2020-01-06$27.73$26.5046.8%13.7%38.0%17.8%47.2%2.0%1.5%26.5M-1.15B-2.9M0.5337.73N/AN/A136,25072,110660,210360,190
2020-01-07$28.08$26.5047.3%14.2%37.5%18.8%48.9%2.6%0.0%29.9M-1.22B-3.0M0.4442.30N/AN/A128,22056,190700,280392,090
2020-01-08$28.53$26.5045.5%13.3%37.7%15.3%46.9%2.3%-0.7%30.2M-1.31B-2.9M0.4435.04N/AN/A166,14072,470702,740412,840
2020-01-09$28.66$26.5042.4%12.9%37.7%8.9%44.7%1.3%1.1%34.0M-1.34B-2.9M0.5139.03N/AN/A112,08057,510739,360435,740
2020-01-10$27.79$26.5044.1%13.2%39.8%12.4%46.0%3.9%1.3%18.2M-1.07B-2.9M0.7944.06N/AN/A121,68096,050769,550460,640
2020-01-13$28.74$26.5045.2%13.5%40.4%14.6%46.3%2.4%1.1%27.5M-1.28B-2.9M0.5037.93N/AN/A166,97083,710701,720420,280
2020-01-14$28.52$26.5045.8%13.2%40.3%15.9%45.6%1.3%-0.6%27.5M-1.22B-3.0M0.7639.52N/AN/A112,62085,250736,600447,890
2020-01-15$28.41$27.0044.5%12.9%40.5%13.3%45.1%0.7%0.6%28.2M-1.19B-3.0M0.5942.08N/AN/A85,47050,770750,610470,360
2020-01-16$28.03$27.0042.5%12.4%40.5%9.2%42.1%1.2%0.6%18.8M-1.06B-2.9M0.4244.18N/AN/A178,38075,450757,000483,860
2020-01-17$27.98$27.0041.7%11.9%40.4%7.6%41.7%-0.5%-0.4%2.4M-1.03B-3.0M0.7047.49N/AN/A103,02072,100771,140506,950
2020-01-21$28.05$27.0045.2%13.0%39.0%14.6%44.7%2.2%17.9%9.0M-480.4M-3.0M0.6440.78N/AN/A93,91060,180439,800299,490
2020-01-22$28.17$27.0044.4%12.7%39.0%13.0%44.1%2.6%19.0%11.1M-503.2M-3.0M0.4740.69N/AN/A87,94041,120463,390315,240
2020-01-23$28.12$27.5050.8%13.6%38.1%25.9%46.0%1.7%17.4%8.8M-484.6M-3.1M0.5043.81N/AN/A87,50044,070483,810336,150
2020-01-24$27.98$27.5053.6%13.3%38.2%31.6%45.4%1.2%18.9%6.5M-472.2M-3.1M0.8053.70N/AN/A99,88080,380511,490344,140
2020-01-27$27.33$27.5065.5%14.5%38.5%55.5%49.0%3.3%-3.2%3.6M-353.6M-3.0M0.5744.93N/AN/A69,18039,490437,330300,280
2020-01-28$28.22$27.5064.1%13.8%40.0%52.8%46.5%3.3%-2.8%11.5M-497.6M-3.0M0.4749.54N/AN/A97,28046,140461,470318,810
2020-01-29$28.10$27.5067.8%13.2%29.2%60.2%45.9%2.5%-2.8%12.3M-482.6M-3.1M0.5647.85N/AN/A71,29040,080480,530334,710
2020-01-30$27.77$27.5070.3%15.0%28.5%65.2%51.6%1.8%-1.3%6.9M-423.2M-3.1M0.4242.37N/AN/A110,94046,430502,680343,100
2020-01-31$26.91$27.5070.3%14.7%28.0%65.3%51.7%2.4%-2.0%-8.2M-261.9M-3.0M1.1942.93N/AN/A86,130102,670521,970353,200