TTD Options History — March 2023

In March 2023, TTD traded between $53.13 and $60.54. ATM implied volatility averaged 54.0%, placing in the 4.4% IV rank vs the trailing year. The 30-day expected move averaged 15.3%. IV traded below realized volatility by 20.4% (HV 20d: 74.4%). Max pain ranged from $55.00 to $60.00. Net GEX was positive for 19 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 0.84.

Notable Days

  • 2023-03-23: Highest Volume — 31,277 contracts
  • 2023-03-16: Largest IV drop — 8.6% change
  • 2023-03-13: Highest IV Rank — 12.3%
  • 2023-03-15: Largest Expected Move — 16.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$57.76$53.13$60.54$55.49$60.54
Max Pain$56.91$55.00$60.00$55.00$59.00
ATM IV54.0%49.0%59.2%56.0%49.0%
Expected Move15.3%13.2%16.6%16.1%13.2%
HV 20d74.4%45.2%107.7%107.7%46.2%
HV 60d73.2%71.3%76.8%76.8%71.3%
IV Rank4.4%0.0%12.3%3.1%0.0%
IV Percentile2.4%0.0%7.1%1.2%0.0%
Term Structure0.4%-1.3%3.2%-0.5%3.2%
VWIV54.0%46.9%58.1%55.9%46.9%
Skew 25d6.3%4.7%8.0%5.3%5.9%
Skew 10d12.4%9.2%16.2%9.8%11.6%
Call IV 25d51.0%45.8%55.6%53.4%45.8%
Put IV 25d57.3%51.7%62.9%58.7%51.7%
Bid-Ask Spread %5.642.939.494.752.93
Gamma HHI0.090.050.210.080.09
Net GEX2.0M-2.6M6.5M498.0K3.8M
Net DEX-123.1M-209.5M59.4M-60.2M-190.7M
Net VEX-2.3M-2.4M-2.1M-2.2M-2.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.840.341.481.260.58
Total Volume17,888.69611,90631,27715,77514,671
Total OI307,033.826258,738334,922317,149303,842

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$55.49$55.0056.0%16.1%107.7%3.1%55.9%5.3%-0.5%498.0K-60.2M-2.2M1.264.75N/AN/A6,9818,794155,177161,972
2023-03-02$56.19$55.0054.6%15.6%106.9%0.9%54.2%5.4%-1.2%913.4K-81.4M-2.2M0.704.90N/AN/A8,5496,021156,587166,722
2023-03-03$57.47$55.0052.2%15.0%104.8%0.0%51.9%4.7%0.2%1.9M-140.4M-2.2M0.344.00N/AN/A17,9826,160158,678169,411
2023-03-06$57.14$60.0052.1%15.1%102.8%0.0%51.9%4.8%-0.2%1.5M-108.0M-2.2M0.446.19N/AN/A17,0637,437149,969163,484
2023-03-07$57.94$60.0050.9%14.4%102.6%0.0%51.9%5.2%0.7%3.1M-144.9M-2.2M0.654.90N/AN/A10,9967,120152,865165,109
2023-03-08$58.22$60.0050.6%14.2%102.6%0.0%49.8%5.1%-0.4%4.7M-161.4M-2.2M0.769.49N/AN/A7,6085,747157,311165,606
2023-03-09$55.66$55.0053.7%15.5%103.8%4.3%56.2%4.8%0.1%-373.8K-52.4M-2.1M0.897.35N/AN/A13,91012,435158,733166,693
2023-03-10$53.13$55.0057.5%16.1%104.4%10.0%57.3%6.0%-0.4%-2.6M59.4M-2.1M1.367.53N/AN/A11,50315,699161,733172,926
2023-03-13$54.49$55.0059.2%16.6%103.9%12.3%58.1%7.2%-1.3%-1.4M-8.1M-2.1M0.445.41N/AN/A11,9935,227149,808165,145
2023-03-14$56.45$55.0055.7%16.1%104.5%7.3%55.8%6.5%0.9%1.0M-95.6M-2.2M0.494.19N/AN/A9,9904,880156,539165,248
2023-03-15$55.17$55.0058.9%16.6%104.4%11.9%56.4%7.3%-1.0%-409.2K-45.8M-2.2M1.235.40N/AN/A5,3496,557160,352165,913
2023-03-16$58.80$55.0053.8%15.1%50.4%4.5%54.5%7.0%-0.8%6.5M-209.5M-2.2M0.868.13N/AN/A12,34610,599162,284167,760
2023-03-17$58.39$55.0055.3%15.7%48.9%6.8%56.1%8.0%-1.1%2.0M-180.4M-2.2M0.709.38N/AN/A9,5296,667163,822171,100
2023-03-20$56.81$55.0057.0%16.3%47.9%9.2%55.6%7.7%0.4%1.1M-82.4M-2.2M0.524.12N/AN/A15,2527,926122,378136,360
2023-03-21$59.45$57.0053.8%15.4%46.1%4.5%54.0%7.2%0.3%2.9M-165.8M-2.3M0.714.55N/AN/A8,4335,969131,412139,998
2023-03-22$58.49$57.0053.1%15.2%46.4%3.5%52.4%6.6%1.9%2.8M-143.7M-2.2M0.787.13N/AN/A7,0875,562135,176142,057
2023-03-23$60.02$57.0056.6%16.2%47.2%8.7%56.1%7.4%0.9%4.1M-197.0M-2.4M0.795.76N/AN/A17,51313,764138,349144,507
2023-03-24$60.30$59.0055.1%15.7%45.2%6.4%57.3%7.2%1.4%5.6M-208.0M-2.4M0.836.06N/AN/A8,8967,413145,291149,326
2023-03-27$59.99$59.0053.4%15.1%45.3%4.0%55.8%7.5%1.8%3.0M-173.1M-2.4M1.253.41N/AN/A5,6397,073137,327143,537
2023-03-28$58.33$59.0053.4%15.1%46.4%3.9%54.1%7.0%1.8%1.3M-111.2M-2.4M1.485.38N/AN/A4,8577,188140,289147,782
2023-03-29$59.81$59.0050.3%14.0%46.9%0.0%50.1%6.2%1.4%1.9M-154.4M-2.4M1.124.36N/AN/A6,8287,647142,193151,354
2023-03-30$60.30$58.0049.8%13.7%46.8%0.0%49.4%5.4%1.0%3.0M-176.7M-2.4M1.184.43N/AN/A5,7656,815144,753154,900
2023-03-31$60.54$59.0049.0%13.2%46.2%0.0%46.9%5.9%3.2%3.8M-190.7M-2.4M0.582.93N/AN/A9,2745,397147,116156,726