TQQQ Options History — March 2020

In March 2020, TQQQ traded between $4.36 and $10.90. ATM implied volatility averaged 152.7%, placing in the 78.9% IV rank vs the trailing year. The 30-day expected move averaged 43.9%. IV traded below realized volatility by 12.2% (HV 20d: 164.9%). Max pain ranged from $5.00 to $11.88. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.67.

Notable Days

  • 2020-03-23: Highest Volume — 1,259,552 contracts
  • 2020-03-16: Largest IV spike — 38.4% change
  • 2020-03-09: Highest IV Rank — 100.0%
  • 2020-03-18: Largest Expected Move — 62.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.90$4.36$10.90$10.55$6.00
Max Pain$8.13$5.00$11.88$11.88$5.63
ATM IV152.7%91.0%218.3%91.0%136.7%
Expected Move43.9%26.8%62.6%29.8%39.9%
HV 20d164.9%105.6%220.9%106.7%209.7%
HV 60d105.5%66.9%136.9%66.9%136.9%
IV Rank78.9%56.0%100.0%59.3%56.0%
IV Percentile98.4%94.0%100.0%99.2%94.0%
Term Structure-7.2%-27.8%4.8%0.5%-5.7%
VWIV145.3%97.7%203.5%106.5%138.5%
Skew 25d55.2%35.5%78.0%35.5%43.6%
Skew 10d93.1%60.3%120.1%82.3%87.6%
Call IV 25d117.6%68.1%169.4%75.1%104.5%
Put IV 25d172.8%105.7%240.1%110.6%148.0%
Bid-Ask Spread %31.909.7162.1030.4316.60
Gamma HHI0.060.030.160.030.04
Net GEX1.9M-3.4M6.4M2.1M4.6M
Net DEX88.9M-243.2M431.2M-73.6M-104.6M
Net VEX-2.2M-3.0M-1.4M-2.7M-2.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.281.970.710.55
Total Volume902,751.273619,2881,259,552664,728803,248
Total OI3,445,354.5452,255,0084,436,9362,255,0083,974,200

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-03-02$10.55$11.8891.0%29.8%106.7%59.3%106.5%35.5%0.5%2.1M-73.6M-2.7M0.7130.43N/AN/A389,776274,9521,280,744974,264
2020-03-03$10.15$11.25100.1%32.3%105.6%68.6%111.7%40.7%-2.2%2.0M-32.2M-2.7M0.8318.40N/AN/A439,840366,1361,404,7041,069,768
2020-03-04$10.90$11.2591.1%26.8%105.9%59.4%97.7%37.6%-8.3%5.2M-243.2M-3.0M1.9724.48N/AN/A303,488596,3841,519,4241,174,792
2020-03-05$10.03$9.38116.7%30.7%108.8%85.5%101.9%48.8%-5.2%-1.5M75.1M-3.0M1.2912.03N/AN/A326,448420,8081,605,3361,418,264
2020-03-06$9.40$9.38126.6%33.2%109.4%95.6%103.3%56.9%1.7%-3.4M214.9M-2.7M0.6123.51N/AN/A541,928331,4161,659,2001,413,232
2020-03-09$8.06$9.38150.2%41.6%119.5%100.0%125.2%54.4%-2.1%-507.9K290.9M-2.3M0.8034.52N/AN/A348,344277,8641,494,8961,222,360
2020-03-10$8.65$9.38131.8%36.8%123.0%84.3%123.9%57.0%-2.2%660.9K183.0M-2.6M0.7130.05N/AN/A391,608276,6961,628,2561,299,696
2020-03-11$7.72$9.25155.9%40.3%126.3%100.0%123.9%49.7%-13.2%428.6K284.0M-2.3M0.5430.63N/AN/A401,192218,0961,739,0161,341,776
2020-03-12$5.92$9.00184.6%49.8%149.6%100.0%144.4%70.1%-6.6%-997.4K431.2M-1.5M0.4944.27N/AN/A841,376414,6721,914,7281,355,408
2020-03-13$6.50$8.63152.4%43.6%156.8%78.8%140.6%62.8%-3.8%3.0M307.8M-1.8M0.7147.73N/AN/A558,544398,5362,292,4641,309,808
2020-03-16$5.19$8.50210.9%59.0%169.0%100.0%186.7%78.0%-27.8%-93.2K264.3M-1.5M0.6450.74N/AN/A525,080338,6081,981,2401,170,504
2020-03-17$5.42$8.13194.9%55.5%171.0%91.0%188.9%63.0%4.8%1.3M202.3M-1.7M0.7636.39N/AN/A508,496384,3362,302,7441,190,736
2020-03-18$4.38$7.75218.3%62.6%177.9%100.0%203.5%70.7%-5.5%-276.1K264.9M-1.4M0.6144.90N/AN/A699,064429,2642,463,9361,368,936
2020-03-19$5.29$7.50179.7%52.1%198.7%79.2%179.9%65.5%-12.0%2.3M175.6M-1.8M0.4945.25N/AN/A741,936360,7842,741,2961,412,224
2020-03-20$4.60$7.13168.5%48.7%201.2%73.1%155.4%64.6%-11.3%241.0K285.7M-1.4M0.4062.10N/AN/A763,608304,2162,797,1841,549,792
2020-03-23$4.36$6.63166.8%48.0%200.3%72.2%149.4%57.2%-21.2%939.8K116.4M-1.4M0.2821.60N/AN/A984,584274,9682,306,440979,040
2020-03-24$5.36$6.25158.2%46.7%219.6%67.6%153.6%43.7%-11.6%4.5M-78.6M-2.3M0.3330.81N/AN/A833,968272,8402,931,5441,055,448
2020-03-25$5.60$6.25165.0%48.3%220.9%71.3%160.4%48.5%-0.1%5.2M-135.9M-2.5M0.3623.09N/AN/A776,648282,8242,930,0161,151,480
2020-03-26$5.89$6.25154.3%47.2%220.0%65.5%173.6%54.2%-4.8%6.4M-173.0M-2.6M0.6235.15N/AN/A485,272299,1362,970,5361,235,344
2020-03-27$5.72$5.00159.6%49.0%218.5%68.4%167.1%61.8%-14.3%5.8M-154.7M-2.6M0.4829.36N/AN/A624,240302,6723,088,3921,348,544
2020-03-30$6.11$5.00145.4%43.8%209.7%60.7%159.8%50.7%-7.6%4.7M-144.2M-2.8M0.619.71N/AN/A463,152283,4802,606,9521,123,136
2020-03-31$6.00$5.63136.7%39.9%209.7%56.0%138.5%43.6%-5.7%4.6M-104.6M-2.7M0.5516.60N/AN/A517,920285,3282,709,5841,264,616