TTD Options History — July 2025

In July 2025, TTD traded between $73.53 and $88.07. ATM implied volatility averaged 65.6%, placing in the 46.8% IV rank vs the trailing year. The 30-day expected move averaged 20.5%. IV traded above realized volatility by 24.8% (HV 20d: 40.7%). Max pain ranged from $68.00 to $80.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.93.

Notable Days

2025-07-15: Highest Volume — 173,724 contracts
2025-07-07: Largest IV spike — 39.4% change
2025-07-14: Highest IV Rank — 56.1%
2025-07-31: Largest Expected Move — 26.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$80.04	$73.53	$88.07	$73.77	$87.20
Max Pain	$75.59	$68.00	$80.00	$68.00	$80.00
ATM IV	65.6%	42.8%	72.7%	42.8%	70.1%
Expected Move	20.5%	12.1%	26.0%	12.2%	26.0%
HV 20d	40.7%	36.6%	44.5%	44.5%	39.8%
HV 60d	57.7%	54.1%	70.5%	70.5%	55.2%
IV Rank	46.8%	17.4%	56.1%	17.4%	52.6%
IV Percentile	81.2%	39.3%	90.1%	39.3%	87.3%
Term Structure	0.7%	-7.1%	24.4%	21.4%	-4.6%
VWIV	72.1%	43.4%	90.3%	43.4%	90.3%
Skew 25d	3.5%	-0.0%	15.3%	2.6%	5.4%
Skew 10d	3.6%	-25.0%	36.5%	-5.7%	13.0%
Call IV 25d	63.9%	36.7%	73.4%	42.9%	69.5%
Put IV 25d	67.3%	43.4%	75.0%	45.5%	74.9%
Bid-Ask Spread %	15.38	6.23	27.67	19.73	11.34
Gamma HHI	0.08	0.05	0.29	0.05	0.10
Net GEX	18.5M	9.2M	35.9M	15.3M	20.6M
Net DEX	-947.9M	-1.24B	-635.0M	-680.3M	-1.19B
Net VEX	-6.0M	-6.2M	-5.9M	-5.9M	-6.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.93	0.30	3.61	0.80	0.38
Total Volume	51,971.182	25,714	173,724	44,505	38,291
Total OI	541,277.955	495,934	626,862	525,817	545,112

Daily Data (22 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
2025-07-01	$73.77	$68.00	42.8%	12.2%	44.5%	17.4%	43.4%	2.6%	21.4%	15.3M	-680.3M	-5.9M	0.80	19.73	N/A	N/A	24,784	19,721	314,094	211,723
2025-07-02	$73.57	$70.00	43.6%	12.1%	44.5%	18.4%	44.1%	7.6%	22.1%	15.4M	-674.5M	-6.0M	3.61	17.53	N/A	N/A	12,371	44,715	318,983	216,041
2025-07-03	$74.84	$72.50	47.0%	18.8%	44.2%	22.9%	65.7%	0.9%	24.4%	18.3M	-763.2M	-6.0M	0.57	27.67	N/A	N/A	18,202	10,451	321,103	217,513
2025-07-07	$73.53	$72.50	65.6%	20.0%	39.4%	46.8%	69.5%	9.2%	-1.1%	11.6M	-635.0M	-5.9M	1.31	22.93	N/A	N/A	12,977	16,938	310,311	210,551
2025-07-08	$74.21	$72.50	66.6%	19.9%	39.4%	48.1%	69.7%	15.3%	2.6%	12.0M	-673.8M	-5.9M	2.20	19.12	N/A	N/A	9,076	19,941	313,773	215,387
2025-07-09	$75.58	$72.50	63.2%	19.9%	39.8%	43.7%	69.7%	1.6%	4.2%	13.6M	-762.0M	-5.9M	0.85	17.09	N/A	N/A	19,059	16,161	313,563	222,588
2025-07-10	$76.87	$72.50	66.4%	19.3%	40.1%	47.8%	68.2%	6.9%	0.6%	19.2M	-854.9M	-6.0M	2.49	21.20	N/A	N/A	18,124	45,070	317,898	225,813
2025-07-11	$75.19	$72.50	69.3%	19.7%	41.0%	51.6%	69.2%	-0.0%	-1.7%	9.2M	-735.8M	-5.9M	0.99	11.82	N/A	N/A	19,618	19,400	322,550	227,047
2025-07-14	$75.41	$72.50	72.7%	20.7%	39.6%	56.1%	72.5%	1.7%	1.2%	12.5M	-744.3M	-5.9M	0.61	15.80	N/A	N/A	28,750	17,634	318,043	222,909
2025-07-15	$81.39	$72.50	72.0%	20.6%	44.1%	55.2%	72.4%	1.5%	-4.6%	23.2M	-1.18B	-6.0M	0.46	19.99	N/A	N/A	119,352	54,372	329,345	227,174
2025-07-16	$82.24	$75.00	72.1%	20.7%	43.2%	55.3%	72.9%	2.1%	-5.6%	28.1M	-1.23B	-6.1M	0.57	19.88	N/A	N/A	39,336	22,385	354,811	245,583
2025-07-17	$81.84	$75.00	72.5%	21.0%	40.2%	55.7%	73.4%	1.6%	-6.0%	28.4M	-1.21B	-6.1M	0.96	20.56	N/A	N/A	50,360	48,120	361,193	248,818
2025-07-18	$80.17	$75.00	70.8%	20.7%	41.5%	53.6%	72.6%	2.5%	-4.4%	21.2M	-1.05B	-6.1M	0.50	14.67	N/A	N/A	33,671	16,754	370,765	256,097
2025-07-21	$79.86	$80.00	70.2%	21.2%	41.1%	52.7%	75.3%	2.6%	-4.0%	13.4M	-804.8M	-6.0M	0.83	7.92	N/A	N/A	23,584	19,490	290,073	205,861
2025-07-22	$81.56	$80.00	70.0%	21.7%	41.3%	52.5%	78.9%	2.5%	-4.1%	15.5M	-905.4M	-6.2M	0.78	6.74	N/A	N/A	18,306	14,230	295,591	215,257
2025-07-23	$84.71	$80.00	69.9%	21.8%	41.0%	52.4%	76.5%	1.9%	-4.2%	19.9M	-1.12B	-6.2M	0.41	6.23	N/A	N/A	31,727	12,871	297,427	219,594
2025-07-24	$84.42	$80.00	65.9%	21.1%	38.8%	47.2%	74.7%	2.6%	-4.3%	23.1M	-1.10B	-6.2M	0.60	7.37	N/A	N/A	18,708	11,203	303,342	224,426
2025-07-25	$85.91	$80.00	64.5%	21.0%	36.6%	45.4%	73.5%	2.6%	-4.5%	35.9M	-1.21B	-6.1M	0.50	8.48	N/A	N/A	23,067	11,634	303,532	229,244
2025-07-28	$88.07	$80.00	67.6%	22.8%	36.8%	49.4%	80.0%	2.6%	-7.1%	18.1M	-1.24B	-6.1M	0.35	16.73	N/A	N/A	51,172	18,130	285,595	215,314
2025-07-29	$84.41	$80.00	69.9%	24.7%	40.0%	52.4%	86.4%	1.8%	-0.8%	15.0M	-993.7M	-6.1M	0.44	10.30	N/A	N/A	47,077	20,820	297,253	224,971
2025-07-30	$86.03	$80.00	69.5%	25.0%	39.9%	51.9%	87.2%	0.9%	-5.0%	18.0M	-1.10B	-6.2M	0.30	15.21	N/A	N/A	19,735	5,979	307,651	234,196
2025-07-31	$87.20	$80.00	70.1%	26.0%	39.8%	52.6%	90.3%	5.4%	-4.6%	20.6M	-1.19B	-6.1M	0.38	11.34	N/A	N/A	27,778	10,513	309,872	235,240