TTD Options History — May 2025

In May 2025, TTD traded between $53.66 and $79.45. ATM implied volatility averaged 55.1%, placing in the 33.3% IV rank vs the trailing year. The 30-day expected move averaged 15.9%. IV traded below realized volatility by 21.1% (HV 20d: 76.2%). Max pain ranged from $54.00 to $70.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.54.

Notable Days

2025-05-09: Highest Volume — 348,089 contracts
2025-05-09: Largest IV drop — 43.4% change
2025-05-06: Highest IV Rank — 71.8%
2025-05-02: Largest Expected Move — 31.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$70.31	$53.66	$79.45	$53.66	$75.08
Max Pain	$65.67	$54.00	$70.00	$55.00	$70.00
ATM IV	55.1%	42.4%	84.9%	83.6%	43.5%
Expected Move	15.9%	11.8%	31.0%	30.6%	12.3%
HV 20d	76.2%	57.0%	100.8%	100.8%	74.3%
HV 60d	90.1%	81.2%	111.3%	104.6%	81.2%
IV Rank	33.3%	16.8%	71.8%	70.1%	18.3%
IV Percentile	61.8%	46.8%	94.8%	93.7%	47.2%
Term Structure	-1.0%	-6.8%	2.2%	-4.3%	1.3%
VWIV	56.3%	42.8%	107.2%	106.2%	43.3%
Skew 25d	3.8%	-2.0%	20.7%	13.4%	2.7%
Skew 10d	-3.4%	-32.1%	25.5%	-22.6%	-0.3%
Call IV 25d	52.9%	24.3%	80.2%	75.1%	43.6%
Put IV 25d	56.7%	41.7%	88.5%	88.5%	46.3%
Bid-Ask Spread %	18.64	5.66	42.32	12.22	29.09
Gamma HHI	0.07	0.04	0.11	0.04	0.11
Net GEX	12.4M	3.2M	27.9M	9.6M	3.2M
Net DEX	-780.6M	-1.49B	-116.9M	-116.9M	-734.6M
Net VEX	-5.9M	-6.3M	-4.9M	-4.9M	-6.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.54	0.26	1.07	0.92	1.07
Total Volume	66,066.143	19,804	348,089	40,405	28,111
Total OI	598,610.905	546,450	728,961	595,822	578,114

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
2025-05-01	$53.66	$55.00	83.6%	30.6%	100.8%	70.1%	106.2%	13.4%	-4.3%	9.6M	-116.9M	-4.9M	0.92	12.22	N/A	N/A	21,026	19,379	378,673	217,149
2025-05-02	$54.04	$54.00	82.8%	31.0%	86.6%	69.1%	107.2%	7.1%	-4.1%	7.5M	-148.3M	-4.9M	0.32	6.77	N/A	N/A	38,040	12,166	387,011	224,463
2025-05-05	$55.69	$60.00	83.9%	21.3%	84.5%	70.4%	73.5%	4.9%	-6.8%	6.0M	-184.9M	-5.1M	0.42	37.64	N/A	N/A	31,797	13,466	356,026	206,413
2025-05-06	$55.89	$60.00	84.9%	21.8%	83.9%	71.8%	75.3%	5.2%	-5.1%	6.5M	-206.4M	-5.2M	0.58	24.62	N/A	N/A	22,037	12,712	367,776	213,906
2025-05-07	$56.31	$60.00	78.3%	21.3%	83.1%	63.3%	74.9%	4.5%	-1.0%	8.1M	-245.7M	-5.2M	0.57	41.24	N/A	N/A	22,531	12,768	389,152	220,554
2025-05-08	$60.70	$60.00	84.0%	21.4%	57.0%	70.6%	74.2%	7.7%	-3.7%	11.7M	-512.5M	-5.7M	0.76	33.29	N/A	N/A	122,989	93,377	396,734	225,534
2025-05-09	$71.34	$60.00	47.5%	13.4%	67.8%	23.5%	48.8%	8.4%	1.1%	27.9M	-1.43B	-6.0M	0.45	19.78	N/A	N/A	240,450	107,639	449,005	279,956
2025-05-12	$79.45	$65.00	42.7%	12.6%	74.6%	17.3%	45.2%	-0.2%	-0.5%	24.3M	-1.49B	-6.1M	0.43	21.34	N/A	N/A	114,415	48,792	375,916	222,870
2025-05-13	$78.53	$65.00	43.6%	12.3%	74.9%	18.4%	43.7%	-2.0%	-0.5%	21.8M	-1.35B	-6.1M	0.54	8.27	N/A	N/A	41,985	22,852	381,716	237,744
2025-05-14	$78.33	$70.00	45.4%	12.7%	74.8%	20.8%	45.9%	0.2%	-0.2%	21.5M	-1.35B	-6.2M	0.43	24.38	N/A	N/A	50,555	21,621	389,528	241,935
2025-05-15	$76.94	$70.00	43.2%	12.3%	75.2%	17.9%	43.9%	0.5%	-0.5%	20.5M	-1.22B	-6.3M	0.53	8.18	N/A	N/A	34,693	18,214	408,297	253,981
2025-05-16	$76.64	$70.00	43.3%	11.8%	75.6%	18.0%	42.8%	1.5%	-0.8%	16.5M	-1.19B	-6.3M	0.39	42.32	N/A	N/A	24,999	9,753	413,069	255,257
2025-05-19	$76.08	$70.00	43.4%	12.4%	72.0%	18.1%	44.5%	-0.1%	2.2%	11.3M	-825.9M	-6.2M	0.39	10.18	N/A	N/A	19,858	7,776	337,288	209,162
2025-05-20	$76.90	$70.00	42.4%	12.1%	72.0%	16.8%	44.2%	0.1%	0.4%	14.2M	-889.7M	-6.2M	0.43	5.66	N/A	N/A	15,599	6,638	344,472	211,997
2025-05-21	$74.69	$70.00	44.3%	12.7%	74.2%	19.3%	45.3%	0.4%	0.2%	8.6M	-727.3M	-6.3M	0.73	7.86	N/A	N/A	16,068	11,741	349,593	215,486
2025-05-22	$74.38	$70.00	44.5%	12.5%	73.5%	19.6%	44.3%	0.9%	1.3%	6.8M	-699.2M	-6.3M	0.40	5.91	N/A	N/A	14,185	5,619	351,339	218,892
2025-05-23	$74.10	$70.00	45.6%	13.0%	73.9%	21.0%	46.9%	1.2%	2.0%	5.6M	-674.9M	-6.3M	0.93	28.10	N/A	N/A	16,896	15,702	355,781	219,692
2025-05-27	$75.91	$70.00	44.1%	12.5%	73.9%	19.0%	44.4%	20.7%	-0.6%	9.4M	-793.6M	-6.3M	0.38	5.95	N/A	N/A	15,875	5,974	340,132	213,847
2025-05-28	$76.87	$70.00	43.3%	12.4%	73.7%	18.0%	44.5%	1.3%	-0.5%	12.3M	-868.6M	-6.3M	0.26	8.17	N/A	N/A	20,500	5,316	344,899	216,181
2025-05-29	$75.00	$70.00	43.4%	12.3%	74.2%	18.1%	44.3%	1.8%	-0.2%	7.1M	-731.6M	-6.2M	0.51	10.52	N/A	N/A	15,461	7,814	352,576	218,713
2025-05-30	$75.08	$70.00	43.5%	12.3%	74.3%	18.3%	43.3%	2.7%	1.3%	3.2M	-734.6M	-6.2M	1.07	29.09	N/A	N/A	13,560	14,551	356,776	221,338