TTD Options History — January 2023

In January 2023, TTD traded between $42.48 and $52.25. ATM implied volatility averaged 70.6%, placing in the 20.4% IV rank vs the trailing year. The 30-day expected move averaged 22.2%. IV traded above realized volatility by 20.0% (HV 20d: 50.6%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 11 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.83.

Notable Days

  • 2023-01-06: Highest Volume — 39,218 contracts
  • 2023-01-17: Largest IV spike — 16.6% change
  • 2023-01-31: Highest IV Rank — 30.2%
  • 2023-01-31: Largest Expected Move — 26.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.46$42.48$52.25$43.91$50.45
Max Pain$46.33$45.00$50.00$50.00$49.00
ATM IV70.6%62.8%77.1%68.1%77.1%
Expected Move22.2%19.0%26.5%19.0%26.5%
HV 20d50.6%41.9%63.2%63.2%45.4%
HV 60d72.8%71.6%75.5%75.5%72.4%
IV Rank20.4%6.8%30.2%23.9%30.2%
IV Percentile35.5%10.3%54.0%30.2%54.0%
Term Structure1.5%-4.9%16.3%0.2%-3.3%
VWIV77.3%65.1%91.9%65.8%91.9%
Skew 25d7.3%5.3%8.4%7.7%7.6%
Skew 10d14.7%11.1%17.1%15.6%15.2%
Call IV 25d66.7%54.5%73.0%64.8%72.5%
Put IV 25d74.0%59.8%80.5%72.5%80.1%
Bid-Ask Spread %7.102.1417.452.142.33
Gamma HHI0.080.050.200.070.05
Net GEX-170.6K-4.7M4.0M-1.3M1.4M
Net DEX55.1M-132.2M178.9M128.1M-49.9M
Net VEX-1.6M-1.9M-1.5M-1.7M-1.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.830.491.620.491.36
Total Volume24,080.28,58539,21814,98427,878
Total OI340,282.05219,142408,910379,258259,656

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$43.91$50.0068.1%19.0%63.2%23.9%65.8%7.7%0.2%-1.3M128.1M-1.7M0.492.14N/AN/A10,0284,956214,879164,379
2023-01-04$44.00$50.0068.7%19.3%59.0%23.4%65.1%8.3%-1.0%-1.1M129.0M-1.7M0.514.00N/AN/A10,0695,173217,742166,046
2023-01-05$42.79$45.0068.2%21.4%55.5%19.2%75.8%8.0%-0.4%-2.3M165.5M-1.6M0.6617.45N/AN/A9,2796,137217,798167,675
2023-01-06$42.48$45.0066.2%22.0%55.5%12.3%79.6%5.8%1.1%-3.3M178.9M-1.5M1.515.13N/AN/A15,64623,572222,506170,037
2023-01-09$44.05$45.0065.7%21.6%57.0%11.6%74.6%8.3%9.7%-1.9M129.4M-1.6M0.499.93N/AN/A13,0186,395211,268167,597
2023-01-10$44.44$45.0064.6%21.5%57.2%9.7%74.7%7.3%10.6%-1.1M119.0M-1.6M0.552.63N/AN/A5,5333,052218,562169,165
2023-01-11$47.03$45.0064.5%22.6%60.3%9.6%77.3%5.8%14.2%1.2M25.8M-1.7M0.636.35N/AN/A22,35314,117219,935170,362
2023-01-12$46.82$45.0063.0%21.8%56.3%7.1%74.3%5.9%16.3%1.8M37.6M-1.6M0.6314.43N/AN/A9,5306,039225,198171,187
2023-01-13$46.92$45.0062.8%21.0%55.8%6.8%72.0%5.3%16.3%2.9M36.7M-1.6M0.6513.04N/AN/A10,6836,987226,619173,158
2023-01-17$46.95$45.0073.2%21.5%47.2%23.8%73.7%7.5%-3.3%230.8K57.0M-1.5M0.959.86N/AN/A11,16910,628216,679163,924
2023-01-18$45.73$45.0075.7%21.7%47.5%27.8%75.5%7.1%-4.0%-2.2M93.2M-1.5M0.909.36N/AN/A13,11911,768221,554168,501
2023-01-19$44.36$45.0075.2%21.7%47.2%27.0%78.7%7.4%-2.5%-4.5M127.2M-1.5M1.6211.93N/AN/A10,73617,419225,346170,046
2023-01-20$45.49$45.0073.5%21.5%43.1%24.2%72.6%7.2%-4.4%-4.7M93.5M-1.5M0.689.12N/AN/A14,2769,658228,075180,835
2023-01-23$46.88$45.0073.9%22.2%44.4%24.8%78.3%7.7%-2.5%17.3K31.0M-1.6M0.853.17N/AN/A16,49114,052109,108110,034
2023-01-24$47.41$47.0073.3%22.4%41.9%23.9%77.7%7.7%-2.7%939.6K14.9M-1.7M1.134.19N/AN/A10,27211,651116,814118,608
2023-01-25$48.39$47.0073.7%22.9%42.4%24.5%80.0%7.7%-2.5%1.8M-12.8M-1.7M0.604.18N/AN/A13,3677,960121,408125,874
2023-01-26$49.44$47.0073.4%23.2%42.0%24.1%82.3%7.1%-3.3%4.0M-50.9M-1.8M0.853.64N/AN/A19,26916,289127,538129,086
2023-01-27$52.25$47.5073.8%23.9%44.3%24.8%84.5%7.5%-4.9%4.0M-132.2M-1.9M0.574.81N/AN/A22,62212,937130,169139,082
2023-01-30$49.50$49.0077.0%26.0%46.1%30.0%91.4%8.4%-3.9%714.7K-19.3M-1.8M0.954.25N/AN/A14,07413,402118,608130,583
2023-01-31$50.45$49.0077.1%26.5%45.4%30.2%91.9%7.6%-3.3%1.4M-49.9M-1.9M1.362.33N/AN/A11,83616,042124,463135,193