TTD Options History — March 2025

In March 2025, TTD traded between $53.81 and $68.21. ATM implied volatility averaged 53.1%, placing in the 49.9% IV rank vs the trailing year. The 30-day expected move averaged 18.5%. IV traded below realized volatility by 38.3% (HV 20d: 91.4%). Max pain ranged from $60.00 to $77.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.51.

Notable Days

2025-03-14: Highest Volume — 128,906 contracts
2025-03-10: Largest IV spike — 17.5% change
2025-03-11: Highest IV Rank — 68.1%
2025-03-31: Largest Expected Move — 21.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$59.29	$53.81	$68.21	$66.96	$54.67
Max Pain	$67.88	$60.00	$77.50	$77.50	$65.00
ATM IV	53.1%	45.7%	61.7%	53.7%	52.6%
Expected Move	18.5%	15.0%	21.1%	16.3%	21.1%
HV 20d	91.4%	48.2%	138.1%	137.4%	61.2%
HV 60d	87.6%	85.1%	90.0%	85.7%	90.0%
IV Rank	49.9%	34.4%	68.1%	51.1%	48.8%
IV Percentile	66.2%	55.2%	84.1%	69.0%	63.9%
Term Structure	1.0%	-1.6%	22.0%	-1.5%	22.0%
VWIV	64.1%	53.1%	72.5%	57.5%	72.5%
Skew 25d	3.8%	0.3%	14.5%	1.6%	4.4%
Skew 10d	5.2%	-24.1%	31.7%	4.4%	8.9%
Call IV 25d	51.9%	44.7%	60.6%	52.6%	50.1%
Put IV 25d	55.7%	47.8%	67.1%	54.2%	54.5%
Bid-Ask Spread %	25.76	16.27	49.72	28.74	24.29
Gamma HHI	0.06	0.04	0.10	0.07	0.04
Net GEX	7.3M	2.2M	16.8M	5.4M	4.1M
Net DEX	127.0M	-215.2M	325.9M	211.4M	123.0M
Net VEX	-3.8M	-4.6M	-3.0M	-3.7M	-4.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.51	0.19	1.21	0.42	0.61
Total Volume	76,409.476	48,814	128,906	81,824	54,482
Total OI	551,014.333	463,673	652,532	463,673	540,734

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-03-03	$66.96	$77.50	53.7%	16.3%	137.4%	51.1%	57.5%	1.6%	-1.5%	5.4M	211.4M	-3.7M	0.42	28.74	N/A	N/A	57,513	24,311	331,976	131,697
2025-03-04	$68.21	$75.00	51.8%	15.7%	138.1%	47.1%	54.9%	2.0%	-1.4%	7.6M	141.1M	-3.9M	0.35	25.68	N/A	N/A	59,509	21,011	347,543	132,668
2025-03-05	$66.34	$75.00	50.3%	15.0%	138.0%	43.9%	53.1%	2.2%	-0.1%	6.6M	185.0M	-3.7M	0.25	26.30	N/A	N/A	43,391	10,884	366,168	137,548
2025-03-06	$65.11	$73.00	54.4%	16.3%	137.7%	52.7%	56.8%	2.9%	-0.2%	6.8M	185.5M	-3.8M	1.06	29.27	N/A	N/A	30,550	32,533	382,973	140,133
2025-03-07	$64.85	$70.00	52.5%	15.8%	137.4%	48.6%	55.8%	3.1%	1.0%	6.1M	164.1M	-3.7M	0.48	28.40	N/A	N/A	48,711	23,494	391,672	137,484
2025-03-10	$60.58	$70.00	61.7%	20.1%	136.5%	68.0%	68.1%	4.9%	-1.0%	4.0M	254.6M	-3.3M	0.38	32.29	N/A	N/A	60,209	22,816	360,483	130,737
2025-03-11	$59.26	$70.00	61.7%	19.2%	133.1%	68.1%	67.1%	3.8%	-1.6%	3.0M	267.8M	-3.3M	0.42	32.37	N/A	N/A	45,532	18,953	376,191	133,871
2025-03-12	$60.33	$70.00	55.1%	16.7%	134.4%	54.2%	57.7%	0.3%	-0.2%	5.2M	215.1M	-3.5M	0.19	33.01	N/A	N/A	72,857	13,788	392,741	134,903
2025-03-13	$54.57	$65.00	59.8%	18.7%	135.6%	63.9%	64.2%	5.3%	-0.4%	2.7M	325.9M	-3.0M	0.70	33.76	N/A	N/A	75,139	52,271	417,647	136,996
2025-03-14	$53.81	$60.00	55.7%	16.4%	48.2%	55.3%	58.4%	14.5%	2.2%	2.2M	243.5M	-3.1M	0.33	49.72	N/A	N/A	96,572	32,334	446,151	130,842
2025-03-17	$56.47	$67.50	53.6%	19.5%	54.0%	50.9%	67.6%	3.1%	-0.1%	8.8M	94.5M	-3.6M	0.33	18.32	N/A	N/A	68,500	22,594	434,996	138,369
2025-03-18	$54.08	$67.50	55.8%	20.0%	54.5%	55.5%	69.5%	4.4%	-0.2%	6.6M	177.6M	-3.4M	0.68	18.79	N/A	N/A	36,597	24,990	456,364	151,222
2025-03-19	$55.34	$65.00	51.5%	19.5%	56.1%	46.5%	67.6%	3.8%	-1.2%	9.9M	124.4M	-3.7M	0.32	16.27	N/A	N/A	40,304	12,843	469,129	162,609
2025-03-20	$55.84	$65.00	50.7%	19.6%	56.8%	44.9%	67.4%	3.8%	-0.4%	12.0M	96.3M	-3.8M	1.21	20.35	N/A	N/A	40,565	49,256	476,766	164,614
2025-03-21	$56.24	$65.00	50.8%	19.5%	56.1%	45.2%	67.6%	3.6%	0.2%	6.8M	75.9M	-3.9M	0.51	18.18	N/A	N/A	37,118	18,916	482,843	169,689
2025-03-24	$59.12	$65.00	47.6%	19.1%	58.0%	38.3%	66.2%	2.8%	1.0%	11.4M	-68.4M	-4.2M	0.34	19.28	N/A	N/A	47,652	16,191	354,443	158,212
2025-03-25	$61.54	$65.00	45.7%	19.0%	60.6%	34.4%	66.1%	3.1%	1.1%	16.8M	-215.2M	-4.6M	0.22	19.47	N/A	N/A	83,832	18,056	370,783	164,634
2025-03-26	$58.60	$65.00	49.8%	19.8%	61.9%	42.9%	67.8%	3.2%	-0.1%	11.4M	-39.8M	-4.4M	0.31	23.49	N/A	N/A	61,321	19,275	386,592	172,015
2025-03-27	$57.52	$65.00	48.9%	20.0%	61.9%	41.1%	69.1%	3.1%	0.7%	9.0M	13.4M	-4.4M	0.88	22.31	N/A	N/A	32,331	28,584	399,287	176,639
2025-03-28	$55.73	$65.00	51.4%	20.8%	62.1%	46.4%	71.4%	4.2%	0.8%	5.8M	90.5M	-4.2M	0.64	20.77	N/A	N/A	29,738	19,076	403,002	177,935
2025-03-31	$54.67	$65.00	52.6%	21.1%	61.2%	48.8%	72.5%	4.4%	22.0%	4.1M	123.0M	-4.1M	0.61	24.29	N/A	N/A	33,852	20,630	373,095	167,639