TQQQ Options History — March 2014

In March 2014, TQQQ traded between $1.25 and $1.43. ATM implied volatility averaged 41.9%, placing in the 40.3% IV rank vs the trailing year. The 30-day expected move averaged 14.4%. IV traded above realized volatility by 8.8% (HV 20d: 33.1%). Max pain ranged from $1.04 to $1.04. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.76.

Notable Days

  • 2014-03-21: Highest Volume — 308,784 contracts
  • 2014-03-13: Largest IV spike — 20.1% change
  • 2014-03-27: Highest IV Rank — 64.0%
  • 2014-03-24: Largest Expected Move — 14.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.36$1.25$1.43$1.37$1.28
Max Pain$1.04$1.04$1.04$1.04$1.04
ATM IV41.9%36.1%48.7%43.5%47.3%
Expected Move14.4%14.1%14.8%14.3%14.5%
HV 20d33.1%25.1%41.3%41.3%38.0%
HV 60d40.7%39.3%42.2%39.5%42.0%
IV Rank40.3%20.1%64.0%45.8%59.2%
IV Percentile68.6%29.0%94.4%81.7%91.3%
Term Structure1.6%-1.4%4.6%-1.4%-0.6%
VWIV51.9%47.1%57.6%47.9%54.9%
Skew 25d9.7%6.9%11.8%9.6%10.0%
Skew 10d19.8%14.4%24.0%20.9%19.5%
Call IV 25d38.1%33.7%43.0%39.7%41.8%
Put IV 25d47.8%40.6%54.7%49.3%51.7%
Bid-Ask Spread %11.765.5220.4012.2110.96
Gamma HHI0.130.040.270.100.05
Net GEX1.9M719.1K5.4M1.9M1.1M
Net DEX-89.1M-123.3M-43.6M-95.5M-55.7M
Net VEX-321.7K-340.9K-300.2K-340.9K-323.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.172.250.450.20
Total Volume131,282.28638,352308,784135,552105,504
Total OI1,949,908.5711,352,6882,324,5921,967,1841,597,104

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-03-03$1.37$1.0443.5%14.3%41.3%45.8%47.9%9.6%-1.4%1.9M-95.5M-340.9K0.4512.21N/AN/A93,50442,0481,360,560606,624
2014-03-04$1.42$1.0437.8%14.3%32.2%26.1%50.0%7.5%0.9%2.2M-121.4M-335.1K1.468.75N/AN/A55,82481,5041,371,120613,776
2014-03-05$1.43$1.0436.1%14.5%32.1%20.1%50.6%6.9%2.5%2.0M-123.3M-337.4K2.257.22N/AN/A26,68860,1441,380,768661,536
2014-03-06$1.43$1.0436.4%14.1%31.7%21.1%53.6%6.9%1.6%2.2M-122.8M-330.6K1.0514.20N/AN/A43,82446,0321,380,720637,104
2014-03-07$1.41$1.0436.7%14.2%31.3%22.3%53.7%9.7%4.6%2.0M-110.1M-330.7K0.897.50N/AN/A30,24026,9761,385,424664,848
2014-03-10$1.41$1.0437.5%14.3%26.9%24.8%0.0%9.1%4.4%2.2M-113.1M-320.4K1.465.52N/AN/A15,60022,7521,395,696667,488
2014-03-11$1.39$1.0437.9%14.3%27.2%26.2%48.1%10.3%3.3%2.1M-105.0M-316.5K0.6011.99N/AN/A47,80828,8961,396,512678,912
2014-03-12$1.41$1.0437.5%14.2%25.1%24.9%51.6%10.1%3.5%2.2M-112.9M-317.6K0.957.27N/AN/A43,72841,5201,404,000689,904
2014-03-13$1.35$1.0445.0%14.6%30.1%51.1%50.9%10.3%0.1%1.7M-79.6M-316.2K0.627.50N/AN/A144,43289,9041,405,776699,792
2014-03-14$1.32$1.0447.9%14.5%29.6%61.0%53.8%11.8%0.5%1.8M-73.9M-329.8K0.9711.72N/AN/A95,71293,3121,479,696706,560
2014-03-17$1.36$1.0443.9%14.4%31.2%47.2%52.4%10.5%1.2%2.4M-89.1M-328.7K0.3613.88N/AN/A74,35226,5921,503,216744,288
2014-03-18$1.40$1.0440.2%14.3%33.2%34.5%0.0%9.0%3.0%3.2M-120.9M-321.8K0.6713.36N/AN/A74,49649,8721,507,296754,320
2014-03-19$1.38$1.0441.7%14.1%32.8%39.5%52.8%11.5%2.9%3.2M-102.2M-313.4K0.3520.40N/AN/A100,17634,9921,494,768760,992
2014-03-20$1.39$1.0439.8%14.3%32.5%32.8%0.0%9.2%3.4%5.4M-113.6M-305.5K0.7112.08N/AN/A106,22474,9281,527,552743,328
2014-03-21$1.34$1.0442.9%14.1%35.2%43.6%0.0%10.3%1.5%862.8K-73.2M-300.2K0.5813.85N/AN/A195,552113,2321,548,960775,632
2014-03-24$1.31$1.0443.3%14.8%35.5%45.0%54.0%10.6%1.5%777.7K-55.6M-305.7K0.6013.06N/AN/A150,72089,904963,168389,520
2014-03-25$1.32$1.0442.4%14.5%35.8%41.9%0.0%9.4%1.9%882.7K-60.0M-316.6K0.3610.02N/AN/A93,98433,9841,012,416435,216
2014-03-26$1.27$1.0446.8%14.6%38.1%57.4%57.6%9.8%-0.1%785.8K-51.0M-321.6K0.8516.02N/AN/A29,52024,9601,039,776449,184
2014-03-27$1.25$1.0448.7%14.5%37.3%64.0%47.1%11.7%-1.3%719.1K-43.6M-318.7K0.1715.77N/AN/A122,44821,1201,052,304466,608
2014-03-28$1.26$1.0446.8%14.6%37.6%57.4%0.0%10.1%0.5%939.7K-47.7M-325.7K0.3213.63N/AN/A78,52825,3921,114,128481,488
2014-03-31$1.28$1.0447.3%14.5%38.0%59.2%54.9%10.0%-0.6%1.1M-55.7M-323.4K0.2010.96N/AN/A87,93617,5681,114,368482,736