TQQQ Options History — March 2019

In March 2019, TQQQ traded between $6.12 and $7.47. ATM implied volatility averaged 47.5%, placing in the 15.4% IV rank vs the trailing year. The 30-day expected move averaged 13.8%. IV traded above realized volatility by 10.3% (HV 20d: 37.2%). Max pain ranged from $5.63 to $6.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.60.

Notable Days

  • 2019-03-22: Highest Volume — 433,528 contracts
  • 2019-03-22: Largest IV spike — 20.7% change
  • 2019-03-25: Highest IV Rank — 27.1%
  • 2019-03-25: Largest Expected Move — 15.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.78$6.12$7.47$6.53$7.08
Max Pain$6.17$5.63$6.50$5.63$6.50
ATM IV47.5%41.6%56.0%41.6%46.5%
Expected Move13.8%10.9%15.7%10.9%13.7%
HV 20d37.2%29.0%45.6%31.5%44.9%
HV 60d62.7%51.5%72.7%72.7%51.6%
IV Rank15.4%7.3%27.1%7.3%14.0%
IV Percentile35.3%12.7%56.7%12.7%36.9%
Term Structure0.3%-1.2%2.0%0.0%2.0%
VWIV49.1%37.9%57.5%37.9%49.2%
Skew 25d14.2%10.6%18.4%14.2%13.7%
Skew 10d27.6%18.6%45.1%27.9%23.1%
Call IV 25d41.1%35.9%48.2%35.9%39.4%
Put IV 25d55.3%48.1%63.8%50.1%53.1%
Bid-Ask Spread %15.265.2638.9436.748.78
Gamma HHI0.080.050.230.150.11
Net GEX7.7M5.0M15.3M12.4M8.2M
Net DEX-232.8M-360.0M-118.9M-268.0M-235.7M
Net VEX-1.7M-1.8M-1.6M-1.7M-1.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.600.380.940.430.58
Total Volume198,096.381106,600433,528276,560186,792
Total OI1,646,473.5241,374,6161,832,4561,740,0001,629,344

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$6.53$5.6341.6%10.9%31.5%7.3%37.9%14.2%0.0%12.4M-268.0M-1.7M0.4336.74N/AN/A193,26483,2961,122,000618,000
2019-03-04$6.49$5.6345.6%12.7%31.4%12.8%46.8%16.2%0.8%6.9M-215.2M-1.7M0.6036.47N/AN/A130,29677,8161,052,600573,784
2019-03-05$6.58$5.6344.6%12.5%30.4%11.5%45.2%16.1%0.5%7.9M-247.6M-1.7M0.6636.41N/AN/A64,07242,5281,101,784609,616
2019-03-06$6.42$5.6348.2%14.0%30.0%16.4%50.4%16.9%0.1%6.9M-203.0M-1.7M0.9412.08N/AN/A64,40860,6481,118,128617,728
2019-03-07$6.17$5.6352.9%15.6%33.3%22.8%53.7%18.4%0.3%5.0M-124.2M-1.6M0.6338.94N/AN/A145,03291,8961,134,304637,472
2019-03-08$6.12$5.6352.7%14.4%29.0%22.5%50.5%17.7%0.5%7.1M-118.9M-1.6M0.8616.36N/AN/A121,096103,9521,170,016655,808
2019-03-11$6.52$6.3846.6%14.0%36.3%14.2%47.9%15.3%-0.8%6.9M-217.7M-1.7M0.636.74N/AN/A161,592101,3441,049,608599,296
2019-03-12$6.65$6.3844.2%13.2%36.6%10.9%44.7%14.8%0.2%7.5M-244.2M-1.7M0.489.26N/AN/A106,70451,3361,087,680664,424
2019-03-13$6.82$6.3843.0%12.8%34.9%9.2%44.2%12.4%-1.2%9.0M-305.2M-1.7M0.386.44N/AN/A164,50462,2321,104,120676,568
2019-03-14$6.77$6.3843.1%13.2%35.2%9.3%45.9%12.2%-0.2%10.1M-291.0M-1.7M0.445.26N/AN/A92,35240,4161,115,464693,104
2019-03-15$6.93$6.3841.9%13.0%35.8%7.8%46.3%10.6%-0.5%15.3M-351.3M-1.7M0.567.75N/AN/A160,53689,2561,131,472700,984
2019-03-18$6.99$6.3844.2%13.3%35.8%10.9%48.6%11.3%1.0%6.1M-227.3M-1.7M0.665.87N/AN/A91,98460,360825,936548,680
2019-03-19$6.99$6.2546.4%13.7%35.8%13.8%48.8%11.6%0.1%6.7M-235.5M-1.8M0.5410.99N/AN/A102,46455,568872,496579,704
2019-03-20$7.16$6.3844.9%13.5%36.1%11.8%48.3%11.9%1.6%8.0M-271.1M-1.8M0.6219.64N/AN/A117,47272,952897,448598,128
2019-03-21$7.47$6.3845.4%13.4%37.2%12.5%48.1%10.6%0.4%7.7M-360.0M-1.8M0.7516.13N/AN/A147,520110,576916,584620,864
2019-03-22$6.99$6.3854.8%15.5%45.6%25.4%52.0%15.2%-1.0%7.0M-209.1M-1.8M0.549.70N/AN/A282,360151,168947,960656,640
2019-03-25$6.95$6.3856.0%15.7%45.3%27.1%57.5%15.5%0.1%5.4M-195.3M-1.8M0.6711.82N/AN/A96,76064,384908,376588,248
2019-03-26$6.95$6.5053.0%15.0%45.4%22.9%56.5%14.6%0.4%6.1M-197.7M-1.8M0.717.70N/AN/A97,11268,832937,352612,224
2019-03-27$6.93$6.3851.7%15.2%45.1%21.2%53.9%14.2%2.0%5.5M-184.3M-1.8M0.547.29N/AN/A85,17646,232954,672637,256
2019-03-28$6.94$6.3850.3%14.4%45.1%19.3%53.7%14.7%0.6%5.6M-185.4M-1.8M0.4710.04N/AN/A77,30436,432961,432648,640
2019-03-29$7.08$6.5046.5%13.7%44.9%14.0%49.2%13.7%2.0%8.2M-235.7M-1.8M0.588.78N/AN/A118,00068,792977,784651,560