TTD Options History — February 2026

In February 2026, TTD traded between $23.82 and $29.78. ATM implied volatility averaged 85.1%, placing in the 67.6% IV rank vs the trailing year. The 30-day expected move averaged 23.1%. IV traded above realized volatility by 33.0% (HV 20d: 52.0%). Max pain ranged from $35.00 to $45.00. Net GEX was positive for 2 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 0.72.

Notable Days

2026-02-26: Highest Volume — 178,193 contracts
2026-02-26: Largest IV drop — 32.0% change
2026-02-12: Highest IV Rank — 79.8%
2026-02-25: Largest Expected Move — 27.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$26.07	$23.82	$29.78	$29.78	$23.82
Max Pain	$40.66	$35.00	$45.00	$37.50	$35.00
ATM IV	85.1%	59.5%	93.0%	77.2%	59.5%
Expected Move	23.1%	14.8%	27.7%	14.8%	17.1%
HV 20d	52.0%	47.7%	56.3%	47.7%	50.9%
HV 60d	43.1%	40.4%	44.2%	40.4%	44.0%
IV Rank	67.6%	27.8%	79.8%	56.4%	27.8%
IV Percentile	86.0%	56.3%	96.8%	78.2%	56.3%
Term Structure	-4.4%	-9.4%	1.4%	-2.2%	1.4%
VWIV	81.5%	54.2%	97.5%	54.2%	60.0%
Skew 25d	2.2%	-1.4%	6.1%	-1.4%	1.3%
Skew 10d	4.9%	-13.3%	28.8%	-10.1%	6.8%
Call IV 25d	84.3%	59.5%	91.9%	77.3%	59.5%
Put IV 25d	86.5%	60.5%	96.4%	75.9%	60.7%
Bid-Ask Spread %	17.06	6.82	58.01	24.89	16.58
Gamma HHI	0.08	0.05	0.18	0.06	0.18
Net GEX	-1.8M	-4.9M	1.4M	-3.4M	1.4M
Net DEX	336.4M	244.9M	456.3M	373.3M	244.9M
Net VEX	-3.2M	-3.6M	-2.7M	-3.5M	-2.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.72	0.37	2.10	0.92	0.71
Total Volume	52,577.842	17,639	178,193	57,963	61,006
Total OI	845,030.158	769,119	877,418	805,770	876,908

Daily Data (19 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
2026-02-02	$29.78	$37.50	77.2%	14.8%	47.7%	56.4%	54.2%	-1.4%	-2.2%	-3.4M	373.3M	-3.5M	0.92	24.89	N/A	N/A	30,136	27,827	477,083	328,687
2026-02-03	$27.04	$37.50	84.5%	18.0%	48.8%	67.1%	62.9%	-1.1%	-1.5%	-4.9M	456.3M	-3.2M	0.60	16.09	N/A	N/A	60,815	36,464	493,456	347,125
2026-02-04	$27.23	$37.50	85.2%	18.0%	49.6%	68.2%	63.1%	1.3%	-3.7%	-4.1M	421.3M	-3.4M	0.56	16.39	N/A	N/A	21,696	12,153	515,455	356,150
2026-02-05	$26.19	$45.00	88.4%	24.1%	49.9%	73.0%	82.7%	-1.0%	-7.6%	-3.2M	449.0M	-3.2M	1.33	9.69	N/A	N/A	21,422	28,410	522,376	355,042
2026-02-06	$26.98	$42.50	86.3%	22.8%	52.6%	69.9%	79.9%	2.4%	-9.4%	-3.7M	410.2M	-3.3M	0.66	22.87	N/A	N/A	29,325	19,384	531,706	340,754
2026-02-09	$27.05	$42.50	86.4%	23.3%	52.8%	69.9%	81.7%	0.5%	-3.4%	-1.6M	335.4M	-3.4M	0.50	8.20	N/A	N/A	20,666	10,434	517,964	320,567
2026-02-10	$28.05	$42.50	86.5%	22.9%	56.0%	70.1%	81.8%	4.4%	-6.2%	-623.1K	294.9M	-3.6M	0.53	10.54	N/A	N/A	26,355	13,864	526,871	319,541
2026-02-11	$27.06	$42.50	87.8%	23.2%	55.7%	72.1%	83.5%	3.3%	-5.1%	-1.1M	312.6M	-3.5M	0.51	21.80	N/A	N/A	11,660	5,979	539,256	322,013
2026-02-12	$26.25	$42.50	93.0%	25.0%	55.9%	79.8%	87.6%	5.6%	-7.9%	-1.6M	329.6M	-3.3M	1.07	58.01	N/A	N/A	14,082	15,050	542,051	319,884
2026-02-13	$25.82	$42.50	90.2%	24.9%	55.9%	75.6%	87.5%	6.1%	-2.5%	-2.5M	329.1M	-3.2M	0.61	19.57	N/A	N/A	19,583	11,946	548,301	316,745
2026-02-17	$25.41	$42.50	92.4%	26.2%	55.8%	78.8%	92.4%	1.4%	-6.7%	-1.7M	326.6M	-3.1M	0.52	6.82	N/A	N/A	17,761	9,272	529,531	311,070
2026-02-18	$25.68	$42.50	91.1%	26.1%	56.3%	76.9%	93.6%	1.9%	-3.5%	-1.7M	320.5M	-3.1M	0.65	10.89	N/A	N/A	16,730	10,950	537,935	313,110
2026-02-19	$25.26	$42.50	90.7%	26.3%	53.8%	76.4%	92.6%	2.8%	-7.1%	-2.1M	327.7M	-3.1M	2.10	7.00	N/A	N/A	23,723	49,811	545,755	317,743
2026-02-20	$25.02	$40.00	87.9%	25.9%	49.5%	72.2%	92.6%	2.1%	-9.2%	894.9K	310.4M	-3.1M	0.47	10.44	N/A	N/A	21,125	9,976	559,549	315,217
2026-02-23	$24.25	$40.00	90.8%	27.1%	49.4%	76.5%	97.5%	4.2%	-2.3%	-1.1M	297.6M	-2.9M	0.45	12.16	N/A	N/A	23,154	10,318	469,821	299,298
2026-02-24	$24.94	$40.00	89.6%	27.2%	48.3%	73.8%	95.4%	3.8%	-4.4%	-919.6K	279.3M	-3.1M	0.56	11.39	N/A	N/A	22,419	12,471	479,171	302,525
2026-02-25	$25.51	$40.00	88.5%	27.7%	48.3%	72.1%	97.4%	2.6%	-2.9%	-706.4K	247.1M	-3.2M	0.37	13.29	N/A	N/A	69,242	25,577	489,475	307,151
2026-02-26	$24.06	$37.50	60.1%	17.6%	51.1%	28.7%	62.9%	0.8%	0.9%	-1.5M	325.1M	-2.8M	0.47	27.51	N/A	N/A	121,576	56,617	538,429	321,858
2026-02-27	$23.82	$35.00	59.5%	17.1%	50.9%	27.8%	60.0%	1.3%	1.4%	1.4M	244.9M	-2.7M	0.71	16.58	N/A	N/A	35,584	25,422	570,087	306,821