TTD Options History — May 2023

In May 2023, TTD traded between $61.47 and $70.28. ATM implied volatility averaged 52.8%, placing in the 11.5% IV rank vs the trailing year. The 30-day expected move averaged 15.5%. IV traded above realized volatility by 17.6% (HV 20d: 35.2%). Max pain ranged from $55.00 to $60.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.80.

Notable Days

  • 2023-05-11: Highest Volume — 127,004 contracts
  • 2023-05-11: Largest IV drop — 35.1% change
  • 2023-05-04: Highest IV Rank — 33.1%
  • 2023-05-03: Largest Expected Move — 24.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$65.36$61.47$70.28$63.12$70.28
Max Pain$55.68$55.00$60.00$60.00$55.00
ATM IV52.8%41.6%72.5%65.8%43.8%
Expected Move15.5%11.9%24.2%21.9%13.4%
HV 20d35.2%31.2%39.4%34.9%33.5%
HV 60d50.0%37.4%67.9%67.9%38.1%
IV Rank11.5%0.0%33.1%23.6%3.4%
IV Percentile17.3%0.0%52.8%32.1%3.2%
Term Structure-1.4%-4.6%1.8%-2.4%-1.6%
VWIV55.1%41.9%86.7%76.2%49.0%
Skew 25d5.8%2.8%9.5%8.5%2.8%
Skew 10d11.8%6.5%18.2%16.9%6.5%
Call IV 25d50.3%40.6%68.4%60.8%43.1%
Put IV 25d56.1%44.8%77.9%69.3%45.8%
Bid-Ask Spread %4.952.5416.873.743.12
Gamma HHI0.100.060.180.060.15
Net GEX7.2M-584.7K15.9M3.2M14.0M
Net DEX-266.8M-419.9M-134.8M-207.3M-419.9M
Net VEX-2.2M-2.4M-2.1M-2.3M-2.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.291.771.000.95
Total Volume27,164.6824,381127,00422,03710,500
Total OI308,450.864271,909383,294278,482289,008

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$63.12$60.0065.8%21.9%34.9%23.6%76.2%8.5%-2.4%3.2M-207.3M-2.3M1.003.74N/AN/A11,01411,023134,526143,956
2023-05-02$62.59$60.0067.2%22.9%35.1%25.7%82.4%8.8%-2.8%2.9M-186.8M-2.3M0.686.70N/AN/A5,7753,906140,440149,939
2023-05-03$62.78$60.0068.9%24.2%35.1%28.1%86.7%8.9%-3.4%2.8M-190.6M-2.3M1.778.05N/AN/A6,69211,843141,308151,573
2023-05-04$61.47$55.0072.5%19.1%33.6%33.1%66.3%9.5%-3.3%-584.7K-134.8M-2.4M0.809.95N/AN/A6,4065,137144,131159,494
2023-05-05$62.78$55.0069.5%18.1%31.2%29.0%65.9%8.3%-3.6%5.6M-185.4M-2.4M0.9116.87N/AN/A9,0558,206145,930160,767
2023-05-08$64.59$55.0070.0%18.7%32.6%29.6%65.8%8.1%-3.7%3.3M-238.9M-2.4M0.719.12N/AN/A16,13611,487138,929153,904
2023-05-09$63.92$55.0071.8%19.1%32.9%32.2%68.6%7.8%-4.6%3.4M-230.1M-2.4M1.116.98N/AN/A10,76411,961148,369160,205
2023-05-10$65.40$55.0067.7%18.5%32.9%26.4%68.1%7.6%-3.2%4.7M-282.4M-2.4M1.383.18N/AN/A39,76854,798153,014166,910
2023-05-11$64.44$55.0044.0%12.8%33.2%0.0%45.4%4.7%0.6%6.0M-229.9M-2.2M0.422.96N/AN/A89,28337,721171,410196,502
2023-05-12$62.29$55.0043.7%12.9%35.4%0.0%44.3%5.2%1.8%1.3M-142.7M-2.1M0.622.98N/AN/A30,85118,992186,213197,081
2023-05-15$63.73$55.0043.2%12.4%36.2%0.0%43.9%5.5%-0.1%5.6M-211.5M-2.1M0.402.54N/AN/A14,6125,773155,180166,280
2023-05-16$64.09$55.0043.0%12.3%36.0%0.0%43.5%5.1%-0.2%7.7M-230.3M-2.1M0.812.73N/AN/A9,9808,048158,513167,278
2023-05-17$66.05$55.0043.2%12.4%37.3%0.3%43.7%5.4%-1.3%13.6M-320.2M-2.1M1.122.59N/AN/A11,06912,385160,820169,268
2023-05-18$67.70$55.0041.6%11.9%38.0%0.0%42.3%4.3%-0.2%15.9M-395.8M-2.1M0.293.25N/AN/A29,7378,515161,539168,587
2023-05-19$66.68$55.0042.0%12.1%38.6%0.6%41.9%3.8%-1.3%14.9M-361.8M-2.2M0.635.08N/AN/A10,8556,822169,541171,780
2023-05-22$68.75$55.0042.8%12.6%39.4%2.0%44.7%4.7%0.0%9.6M-355.2M-2.2M0.383.24N/AN/A13,9865,300137,152134,757
2023-05-23$66.85$55.0042.9%12.7%38.9%2.0%44.9%4.5%0.3%8.9M-291.1M-2.2M0.893.42N/AN/A5,2514,688143,776136,769
2023-05-24$66.42$55.0044.7%13.2%39.1%4.9%46.6%4.6%0.1%7.3M-267.5M-2.2M1.343.67N/AN/A2,4843,331145,721139,597
2023-05-25$66.44$55.0044.6%13.2%32.9%4.8%46.6%4.1%0.1%7.0M-267.0M-2.2M0.442.77N/AN/A3,0331,348147,543143,151
2023-05-26$67.65$55.0043.8%13.0%33.4%3.4%46.8%3.5%-0.0%10.4M-324.2M-2.2M0.542.70N/AN/A9,5605,152149,376144,056
2023-05-30$69.84$55.0044.4%13.8%33.9%4.4%48.9%2.9%-1.3%11.6M-396.5M-2.2M0.373.19N/AN/A10,5123,864143,194138,432
2023-05-31$70.28$55.0043.8%13.4%33.5%3.4%49.0%2.8%-1.6%14.0M-419.9M-2.2M0.953.12N/AN/A5,3745,126148,751140,257