TQQQ Options History — September 2018

In September 2018, TQQQ traded between $8.25 and $8.93. ATM implied volatility averaged 44.9%, placing in the 25.2% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded above realized volatility by 11.6% (HV 20d: 33.3%). Max pain ranged from $7.00 to $8.63. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 1.00.

Notable Days

2018-09-07: Highest Volume — 251,320 contracts
2018-09-17: Largest IV spike — 15.9% change
2018-09-07: Highest IV Rank — 34.2%
2018-09-07: Largest Expected Move — 14.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$8.58	$8.25	$8.93	$8.93	$8.88
Max Pain	$8.34	$7.00	$8.63	$7.00	$8.50
ATM IV	44.9%	41.6%	50.0%	43.3%	42.1%
Expected Move	12.7%	11.4%	14.4%	12.1%	11.4%
HV 20d	33.3%	27.3%	37.6%	27.3%	33.5%
HV 60d	37.3%	34.9%	39.2%	37.1%	34.9%
IV Rank	25.2%	19.3%	34.2%	22.3%	20.1%
IV Percentile	56.4%	41.7%	72.6%	54.4%	41.7%
Term Structure	1.0%	-0.5%	1.9%	1.1%	1.9%
VWIV	45.4%	41.1%	49.2%	45.4%	41.1%
Skew 25d	15.2%	13.6%	17.0%	13.8%	14.6%
Skew 10d	29.9%	26.0%	34.9%	26.3%	29.4%
Call IV 25d	38.0%	35.1%	42.6%	37.6%	35.6%
Put IV 25d	53.2%	48.7%	59.5%	51.4%	50.2%
Bid-Ask Spread %	10.61	7.71	19.42	19.42	11.79
Gamma HHI	0.06	0.02	0.31	0.03	0.11
Net GEX	5.5M	1.4M	14.8M	4.2M	9.9M
Net DEX	-541.5M	-636.2M	-432.5M	-629.7M	-568.0M
Net VEX	-1.8M	-1.9M	-1.6M	-1.7M	-1.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.00	0.63	1.37	0.79	1.29
Total Volume	197,922.526	131,744	251,320	174,832	185,888
Total OI	2,059,765.895	1,760,832	2,246,392	1,989,664	1,938,136

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
2018-09-04	$8.93	$7.00	43.3%	12.1%	27.3%	22.3%	45.4%	13.8%	1.1%	4.2M	-629.7M	-1.7M	0.79	19.42	N/A	N/A	97,688	77,144	1,088,240	901,424
2018-09-05	$8.58	$7.00	46.9%	13.0%	31.3%	28.7%	47.1%	15.8%	0.5%	2.6M	-528.1M	-1.8M	0.83	13.66	N/A	N/A	126,992	105,264	1,111,880	924,672
2018-09-06	$8.37	$8.63	49.2%	14.1%	32.5%	32.8%	49.2%	16.9%	-0.4%	1.5M	-455.8M	-1.8M	0.99	7.71	N/A	N/A	121,640	120,104	1,133,848	953,576
2018-09-07	$8.27	$8.63	50.0%	14.4%	32.7%	34.2%	48.1%	17.0%	0.1%	1.4M	-432.5M	-1.9M	0.87	10.89	N/A	N/A	134,168	117,152	1,179,904	987,536
2018-09-10	$8.32	$8.63	48.6%	13.9%	31.2%	31.8%	46.9%	16.9%	-0.5%	1.8M	-479.1M	-1.8M	1.08	7.84	N/A	N/A	81,168	87,864	1,120,536	944,112
2018-09-11	$8.52	$8.50	45.8%	13.4%	32.3%	26.8%	45.9%	15.6%	1.6%	3.6M	-547.0M	-1.8M	0.63	8.35	N/A	N/A	131,848	83,128	1,144,968	958,552
2018-09-12	$8.45	$8.50	45.0%	13.1%	32.0%	25.4%	46.0%	14.8%	0.5%	5.3M	-550.2M	-1.8M	0.84	8.27	N/A	N/A	105,512	89,136	1,198,424	963,896
2018-09-13	$8.65	$8.50	43.2%	12.6%	29.3%	22.2%	45.2%	14.0%	0.6%	8.0M	-613.8M	-1.8M	0.88	8.81	N/A	N/A	122,336	107,352	1,200,320	976,384
2018-09-14	$8.63	$8.50	41.6%	12.3%	29.3%	19.3%	45.7%	13.6%	1.5%	14.8M	-632.0M	-1.7M	1.37	9.01	N/A	N/A	90,232	123,960	1,227,096	988,104
2018-09-17	$8.25	$8.50	48.3%	13.9%	34.0%	31.2%	46.0%	15.1%	1.3%	3.0M	-478.3M	-1.8M	1.15	10.35	N/A	N/A	92,056	106,280	1,152,048	947,648
2018-09-18	$8.49	$8.38	45.5%	13.1%	35.4%	26.3%	47.6%	15.8%	1.1%	3.9M	-538.3M	-1.8M	0.96	8.53	N/A	N/A	82,520	79,216	1,166,800	994,488
2018-09-19	$8.45	$8.38	44.5%	12.8%	35.3%	24.4%	45.2%	14.9%	1.6%	4.5M	-526.7M	-1.7M	1.27	9.88	N/A	N/A	67,392	85,712	1,184,424	997,616
2018-09-20	$8.73	$8.38	42.5%	12.1%	36.8%	20.9%	46.2%	13.9%	1.9%	8.7M	-636.2M	-1.7M	0.74	9.92	N/A	N/A	120,984	89,376	1,194,544	1,007,512
2018-09-21	$8.55	$8.38	43.3%	12.3%	37.6%	22.2%	41.3%	13.9%	0.9%	8.1M	-572.5M	-1.7M	1.17	11.91	N/A	N/A	110,672	129,536	1,228,216	1,018,176
2018-09-24	$8.62	$8.50	44.4%	12.3%	36.7%	24.4%	47.6%	15.8%	1.9%	3.9M	-480.0M	-1.7M	1.04	8.49	N/A	N/A	81,648	84,928	957,032	803,800
2018-09-25	$8.68	$8.50	43.7%	12.0%	35.5%	23.1%	43.9%	15.8%	0.9%	5.0M	-500.1M	-1.7M	1.23	8.99	N/A	N/A	59,136	72,608	983,936	831,296
2018-09-26	$8.79	$8.50	42.5%	11.7%	35.7%	20.9%	42.7%	15.0%	1.3%	6.8M	-549.4M	-1.6M	0.96	17.37	N/A	N/A	90,152	86,168	996,768	846,080
2018-09-27	$8.90	$8.50	42.8%	11.8%	33.7%	21.5%	41.8%	15.0%	1.8%	7.9M	-570.5M	-1.7M	0.97	10.50	N/A	N/A	108,184	105,384	1,013,192	870,368
2018-09-28	$8.88	$8.50	42.1%	11.4%	33.5%	20.1%	41.1%	14.6%	1.9%	9.9M	-568.0M	-1.7M	1.29	11.79	N/A	N/A	81,336	104,552	1,046,520	891,616