TTD Options History — February 2023

In February 2023, TTD traded between $48.52 and $65.35. ATM implied volatility averaged 67.3%, placing in the 17.5% IV rank vs the trailing year. The 30-day expected move averaged 19.1%. IV traded below realized volatility by 11.8% (HV 20d: 79.1%). Max pain ranged from $49.00 to $55.00. Net GEX was positive for 13 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.95.

Notable Days

  • 2023-02-15: Highest Volume — 174,231 contracts
  • 2023-02-15: Largest IV drop — 30.5% change
  • 2023-02-13: Highest IV Rank — 32.9%
  • 2023-02-01: Largest Expected Move — 25.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$54.77$48.52$65.35$52.56$56.02
Max Pain$54.68$49.00$55.00$49.00$55.00
ATM IV67.3%54.0%78.8%72.7%56.4%
Expected Move19.1%15.4%25.3%25.3%16.1%
HV 20d79.1%46.1%111.2%46.1%107.7%
HV 60d70.4%54.1%77.6%72.8%76.8%
IV Rank17.5%0.0%32.9%23.0%3.6%
IV Percentile28.7%0.0%59.9%42.5%1.2%
Term Structure-1.6%-3.7%1.2%-3.4%-0.7%
VWIV67.0%54.7%89.2%89.2%56.1%
Skew 25d5.2%3.1%8.2%8.2%5.1%
Skew 10d10.2%6.9%17.1%17.1%9.9%
Call IV 25d65.3%52.8%77.5%69.4%54.1%
Put IV 25d70.4%56.4%83.2%77.7%59.2%
Bid-Ask Spread %7.633.0121.533.013.67
Gamma HHI0.090.050.260.050.08
Net GEX1.5M-2.9M8.5M2.7M1.1M
Net DEX-117.4M-554.3M67.8M-114.0M-82.1M
Net VEX-2.1M-2.3M-1.8M-1.9M-2.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.950.541.730.940.70
Total Volume43,564.78915,627174,23118,78418,448
Total OI307,287.737261,186415,266274,061308,875

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$52.56$49.0072.7%25.3%46.1%23.0%89.2%8.2%-3.4%2.7M-114.0M-1.9M0.943.01N/AN/A9,6889,096128,517145,544
2023-02-02$56.03$55.0075.7%20.0%49.9%27.8%68.5%4.8%-3.6%4.9M-226.4M-2.0M0.6310.46N/AN/A41,88926,498129,813148,291
2023-02-03$53.11$55.0074.6%19.8%53.4%26.0%70.4%4.9%-3.7%-1.7M-91.4M-2.0M0.899.45N/AN/A19,45917,279140,085162,691
2023-02-06$52.28$55.0076.1%21.1%53.8%28.5%71.4%5.5%-2.0%383.8K-55.9M-1.9M0.9016.01N/AN/A9,8258,869123,225139,744
2023-02-07$52.80$55.0075.9%20.6%53.0%28.2%73.8%6.0%-3.4%278.5K-70.5M-2.0M1.1221.53N/AN/A13,25214,800128,579144,277
2023-02-08$51.81$55.0077.2%21.5%53.9%30.3%76.0%5.2%-2.1%-703.0K-43.2M-2.0M1.0014.59N/AN/A9,5569,604131,906149,079
2023-02-09$50.01$55.0078.4%21.8%52.7%32.3%75.2%5.5%-2.7%-1.8M11.6M-1.9M1.079.34N/AN/A8,7979,381136,671149,066
2023-02-10$48.52$55.0077.8%21.7%53.9%31.4%76.3%5.7%-3.3%269.8K67.8M-1.8M1.456.73N/AN/A8,38312,121138,414150,039
2023-02-13$48.69$55.0078.8%22.3%54.0%32.9%77.5%5.7%-2.3%-595.4K28.2M-1.8M0.667.79N/AN/A10,9137,223125,299135,887
2023-02-14$50.45$55.0078.8%22.4%55.3%32.9%78.2%5.0%-2.5%319.0K-20.6M-1.9M1.735.91N/AN/A48,22483,612133,244139,646
2023-02-15$65.35$55.0054.8%15.7%105.0%0.0%56.3%3.1%1.1%8.1M-554.3M-2.1M0.646.17N/AN/A106,13868,093155,585208,856
2023-02-16$62.87$55.0054.0%15.4%105.6%0.0%54.7%3.4%0.8%8.5M-443.1M-2.3M0.697.44N/AN/A39,70327,317175,829231,755
2023-02-17$60.43$55.0055.4%15.8%107.4%2.1%55.7%4.4%1.2%8.2M-317.7M-2.3M1.014.01N/AN/A30,01030,188179,025236,241
2023-02-21$57.00$55.0059.6%16.9%110.3%8.5%59.0%5.5%-0.9%900.4K-98.3M-2.2M1.363.69N/AN/A15,05920,488145,794155,124
2023-02-22$56.55$55.0059.7%16.7%110.4%8.6%59.9%5.1%-0.8%446.3K-85.4M-2.2M0.753.98N/AN/A12,3119,197151,445159,688
2023-02-23$56.56$55.0057.4%16.2%110.4%5.0%56.3%5.4%0.2%665.7K-86.3M-2.2M0.554.02N/AN/A15,7828,632156,686163,068
2023-02-24$54.70$55.0058.0%16.4%111.2%6.0%61.3%4.7%-0.5%-2.9M-14.6M-2.2M1.423.62N/AN/A13,33918,930162,568166,080
2023-02-27$54.95$55.0057.2%16.4%109.6%4.9%57.2%5.3%-1.3%-587.1K-34.8M-2.1M0.543.64N/AN/A10,1565,471145,910155,921
2023-02-28$56.02$55.0056.4%16.1%107.7%3.6%56.1%5.1%-0.7%1.1M-82.1M-2.2M0.703.67N/AN/A10,8697,579150,975157,900