TQQQ Options History — March 2011

In March 2011, TQQQ traded between $0.37 and $0.46. ATM implied volatility averaged 59.1%, placing in the 30.3% IV rank vs the trailing year. The 30-day expected move averaged 16.9%. IV traded above realized volatility by 3.9% (HV 20d: 55.1%). Max pain ranged from $0.41 to $0.47. Net GEX was positive for 15 of 23 trading days. Term structure was in contango for 19 of 23 days. Put/call ratio averaged 1.10.

Notable Days

  • 2011-03-16: Highest Volume — 397,248 contracts
  • 2011-03-16: Largest IV spike — 20.7% change
  • 2011-03-16: Highest IV Rank — 60.3%
  • 2011-03-16: Largest Expected Move — 23.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.42$0.37$0.46$0.43$0.44
Max Pain$0.43$0.41$0.47$0.42$0.42
ATM IV59.1%47.1%82.1%53.9%47.1%
Expected Move16.9%13.5%23.5%15.5%13.5%
HV 20d55.1%45.6%64.8%49.3%52.1%
HV 60d44.6%38.3%49.2%38.3%48.4%
IV Rank30.3%14.6%60.3%23.6%14.7%
IV Percentile51.4%17.9%90.9%44.4%17.9%
Term Structure1.8%-9.0%6.4%0.9%6.4%
VWIV60.3%50.8%74.9%52.9%50.8%
Skew 25d17.0%12.7%24.7%14.3%12.7%
Skew 10d33.0%25.9%62.2%62.2%26.7%
Call IV 25d51.6%42.5%71.0%48.0%42.5%
Put IV 25d68.6%55.2%94.8%62.3%55.2%
Bid-Ask Spread %51.2728.8987.8487.8456.96
Gamma HHI0.070.020.350.060.03
Net GEX98.0K-423.5K752.8K2.3K752.8K
Net DEX-3.6M-17.5M10.8M-3.2M-17.5M
Net VEX-66.8K-86.3K-54.8K-54.8K-86.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.100.235.260.431.21
Total Volume154,000.69638,016397,248106,752281,088
Total OI1,772,777.7391,261,0562,171,5201,435,5842,136,960

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-03-01$0.43$0.4253.9%15.5%49.3%23.6%52.9%14.3%0.9%2.3K-3.2M-54.8K0.4387.84N/AN/A74,49632,256660,672774,912
2011-03-02$0.44$0.4255.8%16.0%45.6%26.0%55.0%14.7%1.8%48.1K-4.6M-57.0K0.2778.12N/AN/A29,9528,064687,552786,816
2011-03-03$0.46$0.4247.1%13.5%49.9%14.6%53.7%13.8%5.2%240.2K-10.3M-57.8K0.6178.70N/AN/A115,20070,080700,224791,040
2011-03-04$0.46$0.4750.0%15.0%50.3%18.4%54.9%15.9%4.0%227.9K-9.2M-61.9K0.7430.70N/AN/A45,31233,408762,432829,056
2011-03-07$0.44$0.4659.8%16.7%52.2%31.2%58.1%14.0%1.9%70.4K-5.0M-61.2K2.2339.19N/AN/A28,60863,744779,904849,984
2011-03-08$0.44$0.4656.7%16.7%52.0%27.2%61.3%19.1%2.3%111.3K-6.1M-62.4K0.7631.83N/AN/A87,74466,432795,264873,216
2011-03-09$0.43$0.4561.5%17.1%51.8%33.5%69.7%17.6%4.4%-20.8K-3.5M-65.4K5.2628.89N/AN/A13,05668,736840,768926,016
2011-03-10$0.41$0.4664.9%18.6%54.1%37.9%63.5%17.6%1.1%-205.0K1.8M-64.7K0.5135.90N/AN/A87,55244,352850,560977,664
2011-03-11$0.42$0.4460.7%17.4%54.5%32.4%59.3%17.3%0.7%-165.4K202.5K-63.3K1.4537.35N/AN/A30,91244,928872,448975,168
2011-03-14$0.42$0.4562.8%18.0%53.7%35.1%62.3%18.2%2.9%-220.6K924.2K-61.3K2.5838.90N/AN/A25,34465,280882,816998,592
2011-03-15$0.40$0.4468.0%19.5%54.9%42.0%69.9%20.8%-1.3%-324.9K5.0M-58.3K0.4044.74N/AN/A123,07248,768899,712993,792
2011-03-16$0.37$0.4382.1%23.5%59.9%60.3%74.9%23.8%-9.0%-340.1K10.8M-55.0K0.3751.39N/AN/A290,304106,944925,0561,011,072
2011-03-17$0.38$0.4276.1%21.8%60.5%52.5%74.1%24.7%-3.9%-267.7K7.6M-62.0K0.9653.92N/AN/A50,30448,3841,104,0001,047,552
2011-03-18$0.38$0.4271.1%20.4%60.4%46.0%67.1%21.3%-2.3%-423.5K8.8M-58.1K1.0452.57N/AN/A76,41679,6801,130,6881,040,832
2011-03-21$0.40$0.4261.1%17.5%64.8%32.9%64.7%18.4%2.2%138.4K-1.6M-59.6K2.4755.34N/AN/A68,160168,384712,128548,928
2011-03-22$0.40$0.4259.1%17.0%56.9%30.4%57.1%17.2%1.1%108.0K-585.8K-65.0K0.4254.53N/AN/A120,57651,072756,864679,680
2011-03-23$0.40$0.4255.8%16.0%56.7%26.1%58.4%15.3%3.2%197.6K-2.1M-69.7K0.5258.02N/AN/A62,40032,448861,888728,064
2011-03-24$0.43$0.4152.7%15.1%59.8%22.0%58.1%15.3%3.6%353.6K-7.9M-75.3K1.1653.63N/AN/A103,680120,768907,968754,752
2011-03-25$0.43$0.4152.3%15.0%57.8%21.4%55.9%14.9%5.3%416.1K-10.2M-82.4K1.0650.70N/AN/A115,968122,880989,760848,640
2011-03-28$0.42$0.4156.5%16.2%57.9%27.0%59.9%15.9%2.6%412.8K-9.1M-83.3K0.3151.09N/AN/A79,29624,3841,072,704899,904
2011-03-29$0.43$0.4152.6%15.1%56.3%21.9%53.1%15.0%4.2%516.2K-12.2M-85.3K0.2355.32N/AN/A130,36830,1441,107,072916,608
2011-03-30$0.44$0.4250.4%14.4%56.3%18.9%53.0%13.1%4.4%627.1K-15.5M-85.6K0.2553.58N/AN/A136,70434,3681,143,552940,608
2011-03-31$0.44$0.4247.1%13.5%52.1%14.7%50.8%12.7%6.4%752.8K-17.5M-86.3K1.2156.96N/AN/A126,912154,1761,190,208946,752