TQQQ Options History — December 2018

In December 2018, TQQQ traded between $3.87 and $6.64. ATM implied volatility averaged 82.5%, placing in the 79.0% IV rank vs the trailing year. The 30-day expected move averaged 24.4%. IV traded below realized volatility by 5.8% (HV 20d: 88.3%). Max pain ranged from $3.96 to $6.88. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.40.

Notable Days

2018-12-21: Highest Volume — 409,032 contracts
2018-12-04: Largest IV spike — 18.8% change
2018-12-20: Highest IV Rank — 100.0%
2018-12-24: Largest Expected Move — 31.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.19	$3.87	$6.64	$6.64	$4.60
Max Pain	$4.46	$3.96	$6.88	$6.88	$3.96
ATM IV	82.5%	59.4%	109.1%	59.4%	89.5%
Expected Move	24.4%	18.5%	31.7%	18.5%	26.9%
HV 20d	88.3%	80.1%	103.0%	82.2%	97.2%
HV 60d	83.3%	76.3%	91.7%	76.3%	91.2%
IV Rank	79.0%	47.6%	100.0%	47.6%	73.7%
IV Percentile	93.4%	74.6%	100.0%	74.6%	97.2%
Term Structure	-0.8%	-18.7%	14.1%	0.8%	-2.2%
VWIV	81.9%	63.9%	112.7%	63.9%	94.1%
Skew 25d	20.6%	13.8%	34.7%	13.8%	21.7%
Skew 10d	36.5%	25.6%	46.5%	26.2%	46.5%
Call IV 25d	71.7%	52.1%	91.3%	52.1%	79.6%
Put IV 25d	92.3%	65.9%	117.7%	65.9%	101.3%
Bid-Ask Spread %	57.91	29.73	88.49	29.73	53.28
Gamma HHI	0.07	0.03	0.75	0.03	0.04
Net GEX	3.6M	826.9K	21.8M	5.6M	2.6M
Net DEX	-86.5M	-332.2M	71.9M	-332.2M	-90.0M
Net VEX	-1.4M	-1.8M	-927.3K	-1.8M	-1.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.40	0.26	0.51	0.38	0.48
Total Volume	280,183.6	128,032	409,032	243,112	128,032
Total OI	2,636,528.8	2,444,384	2,906,168	2,444,384	2,457,944

Daily Data (20 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
2018-12-03	$6.64	$6.88	59.4%	18.5%	82.2%	47.6%	63.9%	13.8%	0.8%	5.6M	-332.2M	-1.8M	0.38	29.73	N/A	N/A	176,160	66,952	1,462,248	982,136
2018-12-04	$5.95	$6.88	70.6%	22.4%	91.2%	66.1%	74.6%	17.7%	-1.2%	3.0M	-134.1M	-1.6M	0.38	34.77	N/A	N/A	221,704	85,160	1,504,632	999,248
2018-12-05	$5.92	$6.88	70.7%	24.2%	90.8%	66.4%	77.2%	23.8%	0.3%	3.0M	-134.5M	-1.6M	0.38	44.11	N/A	N/A	228,888	86,776	1,504,632	999,248
2018-12-06	$6.00	$3.96	70.7%	20.2%	84.1%	66.4%	68.0%	15.8%	0.3%	3.3M	-163.2M	-1.6M	0.51	62.06	N/A	N/A	196,664	100,928	1,565,152	1,007,968
2018-12-07	$5.66	$4.06	73.0%	21.3%	85.9%	70.1%	77.2%	18.0%	1.4%	2.4M	-84.3M	-1.5M	0.50	63.87	N/A	N/A	165,104	83,128	1,621,608	1,019,816
2018-12-10	$5.61	$3.96	75.4%	21.6%	85.3%	74.2%	74.1%	18.1%	-0.5%	2.9M	-113.9M	-1.5M	0.33	61.05	N/A	N/A	182,288	61,032	1,646,696	962,936
2018-12-11	$5.71	$3.96	73.2%	21.5%	80.1%	70.4%	64.8%	17.3%	1.4%	4.1M	-139.8M	-1.6M	0.30	61.85	N/A	N/A	168,944	50,368	1,722,488	985,960
2018-12-12	$5.89	$4.17	71.6%	20.9%	81.0%	67.9%	68.2%	17.5%	1.7%	5.3M	-194.0M	-1.7M	0.42	61.38	N/A	N/A	164,688	68,480	1,724,896	992,896
2018-12-13	$5.80	$4.17	71.5%	20.7%	81.0%	67.7%	64.7%	16.1%	-0.2%	4.5M	-161.8M	-1.6M	0.33	61.55	N/A	N/A	148,944	49,584	1,720,984	996,440
2018-12-14	$5.34	$4.17	77.4%	22.1%	84.6%	77.5%	73.2%	17.7%	-1.0%	1.5M	-41.1M	-1.4M	0.44	63.59	N/A	N/A	209,096	91,032	1,752,488	1,002,008
2018-12-17	$4.89	$4.17	87.4%	25.3%	89.1%	94.2%	78.5%	20.8%	-2.8%	925.5K	-1.7M	-1.2M	0.26	67.22	N/A	N/A	178,784	47,064	1,658,696	928,416
2018-12-18	$5.16	$4.17	83.5%	24.0%	83.2%	87.3%	81.3%	17.8%	-3.7%	2.3M	-55.0M	-1.3M	0.45	68.65	N/A	N/A	134,856	60,328	1,752,104	935,592
2018-12-19	$4.74	$4.06	89.2%	25.6%	86.7%	97.0%	75.0%	34.7%	-18.7%	1.1M	12.1M	-1.2M	0.34	88.49	N/A	N/A	217,264	73,248	1,799,152	931,760
2018-12-20	$4.51	$3.96	91.0%	25.8%	87.4%	100.0%	87.9%	18.8%	14.1%	911.7K	30.8M	-1.1M	0.43	73.86	N/A	N/A	228,136	97,200	1,885,664	921,432
2018-12-21	$4.12	$3.96	95.4%	27.9%	92.1%	100.0%	90.8%	22.7%	-5.6%	826.9K	71.9M	-994.4K	0.35	64.92	N/A	N/A	303,944	105,088	1,992,888	913,280
2018-12-24	$3.87	$3.96	109.1%	31.7%	88.9%	100.0%	112.7%	26.4%	-2.1%	1.0M	27.1M	-927.3K	0.46	43.18	N/A	N/A	185,584	84,792	1,687,464	764,496
2018-12-26	$4.41	$3.96	96.9%	28.6%	103.0%	83.6%	103.7%	23.4%	-1.0%	2.5M	-45.9M	-1.1M	0.38	43.84	N/A	N/A	291,008	110,416	1,750,720	789,944
2018-12-27	$4.46	$3.96	99.0%	29.7%	96.6%	86.5%	106.1%	23.2%	1.1%	3.4M	-79.2M	-1.2M	0.47	54.81	N/A	N/A	263,976	122,840	1,830,424	816,272
2018-12-28	$4.50	$3.96	96.2%	28.8%	96.6%	82.7%	102.8%	26.2%	1.8%	21.8M	-101.5M	-1.2M	0.50	56.01	N/A	N/A	243,088	122,104	1,881,712	858,136
2018-12-31	$4.60	$3.96	89.5%	26.9%	97.2%	73.7%	94.1%	21.7%	-2.2%	2.6M	-90.0M	-1.2M	0.48	53.28	N/A	N/A	86,536	41,496	1,669,944	788,000