TTD Options History — February 2022

In February 2022, TTD traded between $65.79 and $84.69. ATM implied volatility averaged 80.4%, placing in the 70.4% IV rank vs the trailing year. The 30-day expected move averaged 22.8%. IV traded below realized volatility by 4.0% (HV 20d: 84.3%). Max pain ranged from $70.00 to $80.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 0.67.

Notable Days

2022-02-16: Highest Volume — 146,013 contracts
2022-02-16: Largest IV drop — 30.0% change
2022-02-03: Highest IV Rank — 100.0%
2022-02-11: Largest Expected Move — 26.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$76.94	$65.79	$84.69	$70.82	$84.69
Max Pain	$75.26	$70.00	$80.00	$75.00	$80.00
ATM IV	80.4%	64.1%	96.3%	80.3%	67.0%
Expected Move	22.8%	18.4%	26.6%	25.6%	19.6%
HV 20d	84.3%	72.2%	91.4%	84.4%	77.2%
HV 60d	73.8%	70.1%	91.7%	91.7%	71.9%
IV Rank	70.4%	39.5%	100.0%	71.6%	45.1%
IV Percentile	93.2%	81.7%	100.0%	97.2%	85.7%
Term Structure	-2.6%	-5.6%	0.4%	-1.2%	-0.3%
VWIV	80.6%	65.9%	94.7%	89.8%	69.2%
Skew 25d	9.0%	5.0%	13.5%	8.8%	10.9%
Skew 10d	19.5%	11.0%	29.7%	18.9%	21.5%
Call IV 25d	77.4%	61.9%	95.2%	77.3%	62.7%
Put IV 25d	86.3%	68.4%	106.7%	86.0%	73.6%
Bid-Ask Spread %	9.27	5.20	16.69	7.46	7.55
Gamma HHI	0.05	0.04	0.09	0.04	0.06
Net GEX	4.6M	1.2M	10.1M	3.2M	6.5M
Net DEX	-389.7M	-594.2M	-92.6M	-227.9M	-552.7M
Net VEX	-4.1M	-4.3M	-3.7M	-3.9M	-4.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.67	0.45	1.15	0.66	0.57
Total Volume	50,316.263	29,012	146,013	32,144	33,460
Total OI	335,173.789	295,952	394,589	325,500	299,809

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-02-01	$70.82	$75.00	80.3%	25.6%	84.4%	71.6%	89.8%	8.8%	-1.2%	3.2M	-227.9M	-3.9M	0.66	7.46	N/A	N/A	19,308	12,836	184,122	141,378
2022-02-02	$69.87	$75.00	82.5%	26.3%	83.0%	75.8%	92.7%	6.6%	-5.6%	3.7M	-204.8M	-3.8M	0.45	9.79	N/A	N/A	31,047	14,058	188,785	142,338
2022-02-03	$65.79	$70.00	95.9%	25.4%	82.6%	100.0%	86.5%	10.7%	-4.5%	1.2M	-92.6M	-3.7M	0.70	16.69	N/A	N/A	23,370	16,327	194,543	144,856
2022-02-04	$73.03	$70.00	95.4%	25.0%	91.2%	99.0%	88.1%	13.5%	-3.6%	4.9M	-359.2M	-4.0M	0.58	10.12	N/A	N/A	35,696	20,792	200,024	149,117
2022-02-07	$73.47	$70.00	93.6%	25.0%	90.7%	95.6%	89.2%	12.9%	-4.9%	3.1M	-301.8M	-4.0M	0.49	7.51	N/A	N/A	24,634	12,065	179,905	139,675
2022-02-08	$76.13	$70.00	86.9%	23.9%	91.4%	82.9%	87.2%	8.2%	-2.8%	4.6M	-386.8M	-4.1M	0.70	8.53	N/A	N/A	18,679	13,066	183,649	142,653
2022-02-09	$79.22	$70.00	81.7%	22.6%	90.6%	73.1%	82.4%	9.2%	-3.0%	6.2M	-491.1M	-4.2M	0.99	7.03	N/A	N/A	16,815	16,621	186,143	146,298
2022-02-10	$81.89	$70.00	85.8%	23.6%	91.0%	80.8%	83.9%	7.6%	-4.6%	7.1M	-594.2M	-4.2M	0.89	8.70	N/A	N/A	25,383	22,515	189,557	151,118
2022-02-11	$76.03	$70.00	96.3%	26.6%	90.9%	100.0%	94.7%	9.2%	-5.5%	3.4M	-360.2M	-4.2M	1.15	9.19	N/A	N/A	23,392	26,915	193,667	154,864
2022-02-14	$77.10	$75.00	91.9%	26.1%	90.9%	91.7%	91.8%	7.8%	-3.9%	2.0M	-372.9M	-4.1M	0.79	11.79	N/A	N/A	17,704	13,906	179,723	150,809
2022-02-15	$80.36	$75.00	91.5%	26.1%	88.3%	91.0%	91.5%	8.1%	-4.1%	3.2M	-466.3M	-4.3M	0.83	5.76	N/A	N/A	39,325	32,782	186,555	154,485
2022-02-16	$80.67	$80.00	64.1%	18.4%	88.1%	39.5%	65.9%	5.0%	-1.0%	4.8M	-479.3M	-4.1M	0.47	14.52	N/A	N/A	99,403	46,610	200,820	170,146
2022-02-17	$79.33	$80.00	67.0%	19.3%	87.6%	45.1%	66.5%	7.1%	-1.7%	6.8M	-454.5M	-4.1M	0.49	12.25	N/A	N/A	49,221	24,121	214,931	174,752
2022-02-18	$78.27	$80.00	67.5%	19.3%	73.4%	46.0%	67.9%	8.4%	0.2%	4.3M	-397.9M	-4.1M	0.51	11.94	N/A	N/A	40,138	20,650	218,453	176,136
2022-02-22	$74.99	$80.00	71.4%	20.7%	72.5%	53.2%	72.3%	7.3%	0.4%	2.2M	-287.1M	-3.9M	0.66	8.04	N/A	N/A	17,452	11,560	164,526	131,426
2022-02-23	$74.24	$80.00	71.8%	21.1%	72.2%	54.0%	72.2%	9.7%	-1.4%	1.8M	-258.7M	-3.9M	0.59	6.57	N/A	N/A	19,274	11,391	168,616	134,220
2022-02-24	$82.49	$80.00	70.7%	20.6%	78.2%	52.0%	73.3%	9.8%	-0.9%	7.5M	-529.2M	-4.2M	0.68	7.45	N/A	N/A	32,811	22,449	171,988	136,477
2022-02-25	$83.48	$80.00	65.2%	18.8%	77.6%	41.6%	65.9%	9.2%	-0.8%	10.1M	-586.7M	-4.2M	0.47	5.20	N/A	N/A	34,278	15,955	179,421	142,317
2022-02-28	$84.69	$80.00	67.0%	19.6%	77.2%	45.1%	69.2%	10.9%	-0.3%	6.5M	-552.7M	-4.2M	0.57	7.55	N/A	N/A	21,335	12,125	166,815	132,994