TTD Options History — March 2020

In March 2020, TTD traded between $14.15 and $28.34. ATM implied volatility averaged 85.8%, placing in the 69.5% IV rank vs the trailing year. The 30-day expected move averaged 25.0%. IV traded below realized volatility by 18.4% (HV 20d: 104.2%). Max pain ranged from $22.00 to $28.75. Net GEX was positive for 13 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.86.

Notable Days

  • 2020-03-02: Highest Volume — 164,570 contracts
  • 2020-03-18: Largest IV spike — 22.3% change
  • 2020-03-16: Highest IV Rank — 100.0%
  • 2020-03-18: Largest Expected Move — 34.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.92$14.15$28.34$28.34$19.22
Max Pain$24.81$22.00$28.75$28.75$22.00
ATM IV85.8%58.2%121.2%66.1%81.8%
Expected Move25.0%16.3%34.8%20.1%24.2%
HV 20d104.2%52.9%146.4%65.5%140.3%
HV 60d71.4%46.2%91.9%46.7%90.6%
IV Rank69.5%37.1%100.0%51.4%52.7%
IV Percentile90.6%61.5%100.0%64.3%92.5%
Term Structure-1.7%-6.2%10.7%-1.7%10.7%
VWIV85.6%55.3%127.4%68.6%86.7%
Skew 25d20.8%10.0%28.5%10.0%18.9%
Skew 10d38.0%14.5%55.7%14.5%32.8%
Call IV 25d74.5%50.1%104.2%60.4%71.6%
Put IV 25d95.3%62.6%130.1%70.4%90.5%
Bid-Ask Spread %51.9131.6466.5531.6462.83
Gamma HHI0.100.060.160.070.12
Net GEX879.6K-4.8M5.1M5.1M1.5M
Net DEX-12.2M-412.3M213.2M-412.3M3.3M
Net VEX-2.4M-3.3M-1.5M-3.3M-2.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.860.471.820.680.84
Total Volume95,121.36463,270164,570164,57064,180
Total OI814,917.727736,850888,380773,230769,330

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-03-02$28.34$28.7566.1%20.1%65.5%51.4%68.6%10.0%-1.7%5.1M-412.3M-3.3M0.6831.64N/AN/A97,96066,610462,310310,920
2020-03-03$27.94$28.5062.7%19.0%65.5%45.2%66.2%12.7%0.4%4.6M-361.4M-3.3M0.6543.87N/AN/A69,50044,940488,740328,990
2020-03-04$27.44$28.5058.2%16.3%54.9%37.1%55.3%12.5%-2.4%2.7M-298.2M-3.2M0.7937.74N/AN/A75,60059,500499,690336,570
2020-03-05$27.01$26.5063.9%18.1%52.9%47.4%60.8%16.9%-2.4%614.7K-254.2M-3.3M0.6736.28N/AN/A49,64033,330519,380355,440
2020-03-06$24.98$26.5073.8%20.6%59.3%65.4%66.8%20.6%-2.6%-4.8M-34.5M-3.0M1.2733.88N/AN/A67,25085,260526,670361,710
2020-03-09$21.89$26.0089.7%24.1%73.4%94.5%86.5%25.8%-6.2%-741.4K84.3M-2.6M1.2742.68N/AN/A56,90072,140474,430326,880
2020-03-10$23.34$26.0076.8%21.3%77.7%70.9%72.6%18.3%-2.7%-134.9K-13.7M-2.9M0.5241.32N/AN/A70,65036,400495,720348,550
2020-03-11$22.32$26.0080.6%22.7%78.5%78.0%77.9%22.3%-2.0%62.6K41.7M-2.8M1.3846.19N/AN/A27,61038,180514,000354,850
2020-03-12$19.55$26.0084.4%24.1%87.5%84.8%81.7%17.6%-0.4%-1.9M208.5M-2.3M1.5666.55N/AN/A44,29068,950515,910361,820
2020-03-13$19.47$26.0089.2%25.5%87.1%93.6%87.5%21.4%-1.7%-2.0M195.0M-2.2M0.8263.39N/AN/A50,07041,210525,610356,880
2020-03-16$16.39$25.50105.6%30.3%101.5%100.0%93.2%26.9%-4.9%-732.9K207.3M-1.7M0.7054.79N/AN/A40,94028,550472,200314,750
2020-03-17$16.86$25.0099.1%28.4%102.8%90.5%86.9%26.1%-1.8%-522.6K187.8M-1.8M0.7150.67N/AN/A51,76036,590490,570313,190
2020-03-18$14.15$24.00121.2%34.8%112.6%100.0%113.4%25.9%-4.5%-458.4K213.2M-1.5M1.2265.67N/AN/A35,33043,180504,290313,460
2020-03-19$16.89$23.0096.0%27.5%136.4%69.8%92.8%28.5%0.6%89.9K132.1M-1.9M0.6063.74N/AN/A59,19035,700522,850307,320
2020-03-20$17.13$22.5094.2%27.6%137.3%67.6%91.2%24.7%-5.4%-362.7K127.1M-1.8M0.5561.70N/AN/A73,65040,610537,000316,820
2020-03-23$17.61$22.5088.1%26.4%138.3%60.3%90.4%21.1%-2.1%565.6K77.4M-1.9M0.4739.54N/AN/A43,15020,120455,420281,430
2020-03-24$19.66$22.5085.7%26.3%146.2%57.3%87.4%24.3%-3.3%2.2M-37.3M-2.3M0.5559.84N/AN/A61,85033,820470,210285,870
2020-03-25$19.84$22.5089.1%27.5%146.4%61.4%93.6%19.7%-3.2%3.0M-73.5M-2.4M0.6063.71N/AN/A44,23026,480484,520291,050
2020-03-26$20.34$22.5094.0%28.7%146.2%67.3%98.7%20.9%-4.1%3.9M-116.4M-2.5M0.6061.09N/AN/A39,93023,790490,190298,260
2020-03-27$20.26$22.50100.6%30.9%140.8%75.3%127.4%21.9%-5.0%4.7M-118.0M-2.5M1.8255.66N/AN/A24,50044,700497,660305,650
2020-03-30$19.68$22.5086.0%26.3%140.3%57.7%97.1%20.5%8.4%2.0M-26.3M-2.2M0.6559.16N/AN/A39,16025,270458,880282,200
2020-03-31$19.22$22.0081.8%24.2%140.3%52.7%86.7%18.9%10.7%1.5M3.3M-2.2M0.8462.83N/AN/A34,89029,290478,200291,130