TTDThe Trade Desk, Inc.
Options Analysis Report•SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
Market Cap $10.6B|NASDAQ
● 2026-04-17$22.47
BULLISH
Analysis: 2026-04-16 EOD data
1Y -52.8%YTD -40.4%7D +11.8%
Options Vol
44,531
30D
Implied Move
±23.0%
IV Rank
30%
TTD Options Overview
IV is elevated with bullish flow. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
3.1
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks4/9 checks passed
IV Rank
≤35%IV Rank 99.2% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.41x — IV premium over HV
Sector Relative≤50%
Sector percentile 95% — above sector median
Term Structure
<1.1xFront/Back 0.83x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 78.2% — normal range
Spread-Adjusted Value
<80%Effective IV 96.6% (ATM 78.2% + spread 9.2% + bias) — expensive
Execution Efficiency
<3.0%Total drag 14.99% (spread 9.18% + slippage 5.81%) — high friction
Vega Efficiency
≥5.0Vega efficiency 7.93 (vega 7.278 / spread 9.18%) — efficient
Sentiment
Bullish or bearish?
7.2
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Strong signal (Conviction: +19%, Raw: +6%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +19% (bullish) — Raw: +6%
OI Skew Magnitude
≥15%|OI skew| 35.3% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +49.2%, OI skew +35.3% — aligned
Conviction Quality
≥2/3 conditions0-DTE 23%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +45%, ATM: -17%, OTM: +5% — bullish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 19% — very bullish vs sector
Activity
Unusual activity?
4.0
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.9x avg — normal
Turnover Rate
≥15%Vol/OI 4.8% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +6.5% (5d) — building
Sector Relative≥60%
Sector activity percentile 32% — below sector avg
Trade Quality
≥30%Large trade volume 28% — mixed
Execution Urgency
≥60%Aggressive execution 40% — patient
Flow Conviction
≥30Conviction +19 (bullish) — mixed
Liquidity
Can I trade efficiently?
4.9
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks4/8 checks passed
Tradeable Spread
≤5.0%Spread 9.2% — wide
Adequate OI
≥10,000OI 934,275 — deep
Active Volume
≥500Volume 44,531/day — active
Reasonable Cost
≤$0.50$0.46 to cross — cheap
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 95% — much wider than sector
Order Book Depth
≥100 contractsDepth 751.5 contracts (bid:340.0 ask:411.5) — deep
Execution Quality
<1.0%Avg slippage 5.81% — poor
Timing
Is now a good time?
7.8
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -16.8% — contango
IV Percentile Clarity
<30 or >70IV percentile 99% — seller opportunity
Event Detection
≥10pts kinkIV kink -16.8pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 655.68 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: Earnings in 27d (low risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +19% @ 60% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 58 (ITM 20% + inst 28%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls5.5
bullishIV expensive, bullish flow
Long Puts4.0
bearishIV expensive, bullish flow
Premium Sellers
Cash-Secured Put6.7
bullishIV rich premium, bullish flow
Covered Call5.2
bearishIV rich premium, bullish flow
For educational purposes only. Not investment advice.