TTD Options History — April 2020

In April 2020, TTD traded between $15.93 and $29.34. ATM implied volatility averaged 93.9%, placing in the 67.2% IV rank vs the trailing year. The 30-day expected move averaged 28.2%. IV traded below realized volatility by 27.7% (HV 20d: 121.6%). Max pain ranged from $19.00 to $23.50. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.16.

Notable Days

  • 2020-04-23: Highest Volume — 273,850 contracts
  • 2020-04-28: Largest IV spike — 11.7% change
  • 2020-04-21: Highest IV Rank — 80.0%
  • 2020-04-21: Largest Expected Move — 32.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.58$15.93$29.34$17.10$29.19
Max Pain$20.60$19.00$23.50$22.00$23.50
ATM IV93.9%83.9%104.6%88.0%91.3%
Expected Move28.2%25.3%32.0%27.6%30.4%
HV 20d121.6%93.4%153.5%144.6%93.4%
HV 60d102.8%93.2%109.6%93.2%107.8%
IV Rank67.2%55.2%80.0%60.1%64.0%
IV Percentile95.0%86.5%99.2%94.8%91.7%
Term Structure-1.7%-7.1%14.0%11.2%-3.9%
VWIV98.3%86.3%112.1%92.1%108.3%
Skew 25d16.3%9.2%22.6%20.3%9.2%
Skew 10d24.4%-13.5%49.1%-3.5%8.6%
Call IV 25d84.2%63.3%96.8%74.8%90.6%
Put IV 25d100.5%81.3%113.8%95.1%99.8%
Bid-Ask Spread %37.7217.2767.4452.1444.89
Gamma HHI0.120.070.150.080.12
Net GEX5.2M-2.0M10.5M-492.2K9.5M
Net DEX-285.1M-776.7M169.8M116.0M-761.2M
Net VEX-2.6M-3.2M-1.5M-1.8M-3.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.160.412.381.321.29
Total Volume121,165.71468,700273,85068,700183,090
Total OI788,591.905634,200896,720794,270819,780

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$17.10$22.0088.0%27.6%144.6%60.1%92.1%20.3%11.2%-492.2K116.0M-1.8M1.3252.14N/AN/A29,64039,060491,070303,200
2020-04-02$16.40$19.5085.5%27.7%144.7%57.2%88.3%19.0%13.9%-1.2M154.2M-1.6M1.2964.14N/AN/A37,93048,950501,490308,900
2020-04-03$15.93$19.0086.1%26.4%143.3%57.8%86.3%18.0%14.0%-2.0M169.8M-1.5M1.7467.44N/AN/A29,93052,110513,930312,620
2020-04-06$18.99$19.0095.7%27.5%153.5%69.3%95.5%22.4%-2.9%2.4M-25.9M-2.1M0.6056.53N/AN/A69,67041,540495,230278,290
2020-04-07$19.26$19.00103.7%29.7%151.4%79.0%102.9%21.8%-2.2%3.0M-71.7M-2.2M0.7926.94N/AN/A64,86051,200509,390294,190
2020-04-08$20.64$19.0099.7%28.2%153.3%74.1%90.9%19.6%-2.2%4.6M-168.7M-2.5M0.7344.30N/AN/A65,03047,640517,570313,770
2020-04-09$21.27$19.5098.0%27.1%145.9%72.1%97.5%17.3%-4.4%5.9M-229.6M-2.5M0.7621.62N/AN/A84,32063,920536,530328,170
2020-04-13$21.91$20.0095.0%27.6%146.1%68.5%99.0%14.6%-4.3%4.6M-231.4M-2.6M1.1321.96N/AN/A36,38041,270504,120302,320
2020-04-14$23.34$20.0088.7%25.5%131.2%60.9%93.4%13.7%-2.5%6.6M-367.1M-2.8M0.7021.60N/AN/A59,01041,430517,730317,010
2020-04-15$22.83$20.0097.8%28.0%131.8%71.9%99.9%22.6%-4.7%5.4M-317.2M-2.7M1.9322.40N/AN/A24,71047,610523,170326,670
2020-04-16$22.18$20.0099.0%28.7%112.7%73.2%98.9%17.3%-6.4%3.9M-259.5M-2.6M1.2625.27N/AN/A37,12046,890529,960340,920
2020-04-17$22.88$20.5088.7%25.3%97.0%60.9%88.0%14.1%-0.1%5.9M-331.5M-2.7M0.9049.80N/AN/A43,97039,770538,650358,070
2020-04-20$23.45$20.5095.4%27.8%97.1%69.0%96.1%14.2%-4.6%5.4M-317.2M-2.8M0.4141.92N/AN/A100,76041,330394,760239,440
2020-04-21$21.98$20.50104.6%32.0%101.1%80.0%112.1%12.2%-6.3%3.4M-208.9M-2.7M1.6017.27N/AN/A40,86065,570429,660263,380
2020-04-22$24.28$21.0099.5%29.0%99.8%73.9%100.2%12.2%-6.7%7.1M-390.7M-2.9M0.5531.31N/AN/A68,73038,060436,230275,320
2020-04-23$25.36$21.0098.5%27.7%100.4%72.7%99.3%16.7%-7.1%9.9M-496.9M-3.0M1.1830.70N/AN/A125,750148,100452,020286,180
2020-04-24$25.68$21.5089.3%27.4%100.3%61.7%99.2%12.6%-5.3%10.5M-510.3M-3.1M1.5817.68N/AN/A54,84086,400471,550332,280
2020-04-27$26.36$22.0083.9%28.1%100.3%55.2%99.6%15.2%-3.3%8.2M-501.2M-3.0M1.4244.45N/AN/A54,37076,950424,310259,070
2020-04-28$25.90$22.0093.7%30.6%99.7%66.9%109.7%19.4%-5.9%6.4M-460.4M-3.1M2.3846.64N/AN/A30,07071,570442,110295,770
2020-04-29$29.34$23.0089.3%30.4%106.0%61.7%107.9%10.7%-2.7%10.4M-776.7M-3.2M0.7043.03N/AN/A126,20087,870450,170325,430
2020-04-30$29.19$23.5091.3%30.4%93.4%64.0%108.3%9.2%-3.9%9.5M-761.2M-3.2M1.2944.89N/AN/A79,910103,180469,490350,290