TTD Options History — May 2020

In May 2020, TTD traded between $27.68 and $32.35. ATM implied volatility averaged 70.6%, placing in the 39.2% IV rank vs the trailing year. The 30-day expected move averaged 20.0%. IV traded below realized volatility by 2.4% (HV 20d: 73.0%). Max pain ranged from $24.00 to $30.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.76.

Notable Days

  • 2020-05-08: Highest Volume — 476,370 contracts
  • 2020-05-13: Largest IV spike — 20.6% change
  • 2020-05-04: Highest IV Rank — 72.9%
  • 2020-05-01: Largest Expected Move — 31.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.15$27.68$32.35$27.68$30.88
Max Pain$29.63$24.00$30.00$24.00$30.00
ATM IV70.6%56.9%98.7%94.6%56.9%
Expected Move20.0%15.6%31.7%31.7%15.6%
HV 20d73.0%50.2%94.6%94.6%51.1%
HV 60d108.8%107.0%110.3%107.9%107.1%
IV Rank39.2%22.7%72.9%68.1%22.7%
IV Percentile62.6%46.0%96.4%93.7%46.0%
Term Structure-1.2%-5.1%2.6%-3.5%0.5%
VWIV70.6%55.2%114.4%114.4%55.2%
Skew 25d8.7%1.2%16.8%10.7%16.8%
Skew 10d9.4%0.4%23.3%10.1%8.5%
Call IV 25d67.0%49.0%96.9%94.0%49.0%
Put IV 25d75.7%63.8%104.7%104.7%65.8%
Bid-Ask Spread %45.1122.6062.0224.9252.44
Gamma HHI0.110.070.300.130.13
Net GEX8.3M3.2M16.4M3.2M15.8M
Net DEX-659.3M-980.9M-459.8M-555.8M-682.7M
Net VEX-3.1M-3.3M-3.0M-3.2M-3.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.371.481.480.63
Total Volume141,41646,540476,370136,930143,160
Total OI852,450.5732,550993,120858,840902,190

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-05-01$27.68$24.0094.6%31.7%94.6%68.1%114.4%10.7%-3.5%3.2M-555.8M-3.2M1.4824.92N/AN/A55,30081,630488,730370,110
2020-05-04$29.08$29.5098.7%26.4%92.5%72.9%92.2%8.4%-4.5%6.9M-661.6M-3.3M0.9624.42N/AN/A37,32035,730443,080289,470
2020-05-05$30.15$29.5096.2%25.8%74.9%70.0%93.9%3.9%-4.7%7.7M-767.7M-3.3M0.6327.41N/AN/A60,02038,060461,870304,050
2020-05-06$31.14$29.5090.6%24.2%74.9%63.2%89.2%2.6%-5.1%8.7M-855.0M-3.2M1.0131.13N/AN/A50,15050,450479,740327,760
2020-05-07$32.35$30.0078.0%21.3%73.2%48.1%77.0%4.8%-3.7%10.2M-980.9M-3.2M0.9122.60N/AN/A145,820132,700498,550349,240
2020-05-08$31.62$30.0065.9%18.9%74.8%33.6%66.4%5.7%-0.8%10.8M-901.8M-3.1M0.5351.01N/AN/A310,940165,430559,400433,720
2020-05-11$30.73$30.0061.7%18.1%76.6%28.5%62.2%5.3%1.5%8.1M-744.5M-3.1M0.8152.34N/AN/A63,48051,490485,490349,800
2020-05-12$31.12$30.0063.4%17.9%74.7%30.6%63.0%1.2%0.6%9.6M-797.2M-3.1M0.6062.02N/AN/A82,53049,540508,320369,150
2020-05-13$28.88$30.0076.5%21.5%80.2%46.3%72.4%6.2%-1.7%3.8M-513.5M-3.2M1.2244.16N/AN/A88,260107,410520,900386,940
2020-05-14$29.68$30.0066.9%19.0%78.9%34.8%69.5%8.4%-1.8%5.9M-606.3M-3.2M1.3958.29N/AN/A53,76074,650549,130419,400
2020-05-15$30.00$30.0065.3%18.5%78.7%32.8%62.8%6.9%-1.6%16.4M-680.7M-3.1M0.4958.17N/AN/A68,81033,680557,920422,950
2020-05-18$29.82$30.0061.9%17.7%78.8%28.7%63.0%11.5%2.3%5.7M-535.5M-3.1M0.6543.31N/AN/A53,15034,340438,360325,580
2020-05-19$29.73$30.0062.6%17.9%73.7%29.6%63.2%12.7%0.5%6.3M-533.1M-3.1M0.5344.33N/AN/A30,41016,130461,520338,740
2020-05-20$29.70$30.0061.3%17.6%66.7%28.0%62.5%10.8%1.6%6.1M-530.2M-3.2M0.6747.64N/AN/A31,61021,050469,030347,980
2020-05-21$30.49$30.0065.2%18.8%65.8%32.7%64.9%8.1%-2.1%8.7M-618.4M-3.2M0.3752.61N/AN/A80,23029,810473,770357,390
2020-05-22$30.67$30.0059.9%16.9%65.8%26.3%59.1%10.4%2.6%12.8M-646.7M-3.1M0.4846.33N/AN/A86,54041,480492,400365,320
2020-05-26$29.89$30.0062.3%17.0%66.6%29.2%60.2%14.5%-0.7%6.3M-541.9M-3.0M0.5551.56N/AN/A94,75051,700454,730323,540
2020-05-27$29.44$30.0062.4%17.3%66.5%29.3%60.4%13.9%-1.7%3.6M-459.8M-3.0M0.7550.23N/AN/A98,00073,280486,110350,080
2020-05-28$30.00$30.0061.4%18.1%50.2%28.1%61.4%11.3%-1.2%9.7M-572.7M-3.1M0.6257.20N/AN/A64,96040,560513,500373,050
2020-05-29$30.88$30.0056.9%15.6%51.1%22.7%55.2%16.8%0.5%15.8M-682.7M-3.1M0.6352.44N/AN/A87,89055,270516,850385,340