TTD Options History — September 2023

In September 2023, TTD traded between $74.31 and $86.72. ATM implied volatility averaged 38.6%, placing in the 4.8% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded above realized volatility by 3.1% (HV 20d: 35.5%). Max pain ranged from $65.00 to $75.00. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 0.89.

Notable Days

  • 2023-09-01: Highest Volume — 23,968 contracts
  • 2023-09-25: Largest IV spike — 5.4% change
  • 2023-09-27: Highest IV Rank — 14.4%
  • 2023-09-27: Largest Expected Move — 12.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$80.55$74.31$86.72$79.83$78.12
Max Pain$70.25$65.00$75.00$75.00$73.00
ATM IV38.6%34.7%44.9%36.3%41.6%
Expected Move11.1%10.0%12.7%10.0%11.8%
HV 20d35.5%31.1%43.7%42.3%32.9%
HV 60d42.2%40.9%43.6%40.9%43.1%
IV Rank4.8%0.0%14.4%0.4%9.7%
IV Percentile9.5%0.0%28.2%0.8%17.5%
Term Structure0.8%-0.2%2.7%0.7%2.6%
VWIV38.7%35.0%44.2%35.0%40.9%
Skew 25d2.6%1.5%4.2%1.7%3.4%
Skew 10d5.3%2.7%8.8%3.4%7.5%
Call IV 25d37.5%33.8%43.5%35.3%40.0%
Put IV 25d40.1%35.8%47.4%37.1%43.4%
Bid-Ask Spread %3.602.037.822.994.06
Gamma HHI0.100.060.180.130.17
Net GEX5.2M-1.9M16.4M13.1M-1.9M
Net DEX-307.4M-525.3M-77.7M-350.5M-230.6M
Net VEX-2.8M-2.9M-2.7M-2.8M-2.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.890.211.880.610.79
Total Volume14,193.26,85423,96823,96811,461
Total OI254,445.4232,241269,472262,812267,223

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$79.83$75.0036.3%10.0%42.3%0.4%35.0%1.7%0.7%13.1M-350.5M-2.8M0.612.99N/AN/A14,8469,122144,933117,879
2023-09-05$81.47$65.0036.6%10.9%42.8%0.9%37.6%1.5%0.6%8.3M-368.7M-2.8M0.803.89N/AN/A6,1024,901132,492112,439
2023-09-06$83.33$65.0036.7%10.6%43.7%1.0%37.9%1.9%0.3%11.4M-440.6M-2.8M0.377.82N/AN/A9,2933,431136,229114,213
2023-09-07$84.35$65.0037.5%10.9%41.6%2.2%38.5%1.8%0.3%16.4M-491.2M-2.8M0.633.27N/AN/A8,1055,142140,585114,261
2023-09-08$83.59$70.0036.5%10.6%34.5%0.8%37.2%1.8%0.6%14.8M-457.0M-2.8M0.675.31N/AN/A12,4058,351143,035116,978
2023-09-11$86.72$70.0035.7%10.4%33.6%0.0%36.6%1.7%0.6%10.0M-525.3M-2.9M0.684.93N/AN/A10,3297,048134,309115,201
2023-09-12$85.97$70.0036.1%10.5%34.1%0.5%36.6%1.6%0.3%11.0M-507.7M-2.9M0.934.20N/AN/A9,7009,032139,325116,250
2023-09-13$85.26$70.0035.8%10.4%33.4%0.0%36.4%1.8%0.4%9.1M-466.4M-2.9M1.142.13N/AN/A4,5235,165142,874120,913
2023-09-14$85.66$70.0034.7%10.1%32.7%0.0%35.1%2.0%0.4%9.9M-484.8M-2.9M0.883.07N/AN/A5,1064,494143,574123,604
2023-09-15$83.44$70.0035.0%10.0%32.8%0.5%35.8%2.5%-0.1%-732.7K-389.2M-2.9M0.802.03N/AN/A9,1417,288144,998124,474
2023-09-18$80.56$70.0036.6%10.5%35.7%2.6%37.1%2.8%-0.2%3.7M-268.7M-2.8M1.792.33N/AN/A5,4819,836124,127108,114
2023-09-19$79.25$70.0036.9%10.6%36.3%3.2%37.1%2.9%0.2%657.1K-213.0M-2.8M1.832.30N/AN/A4,8588,906126,189114,564
2023-09-20$78.78$70.0038.4%11.0%36.2%5.2%38.0%2.6%-0.2%384.3K-200.1M-2.8M0.522.86N/AN/A8,1794,246128,128115,797
2023-09-21$76.05$70.0040.1%11.5%35.4%7.6%40.0%3.5%0.7%-1.1M-113.4M-2.8M1.882.76N/AN/A6,78012,739135,265117,570
2023-09-22$76.76$70.0040.8%11.7%32.3%8.6%41.0%3.0%0.3%72.9K-148.7M-2.8M0.642.78N/AN/A5,8313,714138,330118,926
2023-09-25$74.94$73.0043.0%12.3%33.0%11.7%42.5%3.9%2.0%-290.7K-103.8M-2.7M1.243.49N/AN/A5,9237,344129,255116,861
2023-09-26$74.31$73.0044.7%12.6%33.0%14.1%43.7%4.2%2.0%-1.2M-77.7M-2.7M0.584.02N/AN/A4,3422,512130,953121,989
2023-09-27$75.05$73.0044.9%12.7%31.1%14.4%44.2%3.9%2.7%-681.0K-107.4M-2.7M0.724.07N/AN/A5,3603,874133,665123,081
2023-09-28$77.58$73.0043.5%12.3%32.8%12.4%42.6%3.9%1.9%1.6M-202.7M-2.8M0.213.64N/AN/A15,6523,302136,449123,856
2023-09-29$78.12$73.0041.6%11.8%32.9%9.7%40.9%3.4%2.6%-1.9M-230.6M-2.8M0.794.06N/AN/A6,4015,060142,637124,586