TQQQ Options History — April 2020

In April 2020, TQQQ traded between $5.15 and $8.77. ATM implied volatility averaged 109.8%, placing in the 41.5% IV rank vs the trailing year. The 30-day expected move averaged 31.7%. IV traded below realized volatility by 55.0% (HV 20d: 164.8%). Max pain ranged from $5.38 to $7.38. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.78.

Notable Days

  • 2020-04-07: Highest Volume — 1,277,112 contracts
  • 2020-04-21: Largest IV spike — 16.2% change
  • 2020-04-01: Highest IV Rank — 62.2%
  • 2020-04-01: Largest Expected Move — 46.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.35$5.15$8.77$5.15$8.62
Max Pain$6.36$5.38$7.38$5.63$7.38
ATM IV109.8%82.3%148.2%148.2%87.6%
Expected Move31.7%25.4%46.0%46.0%26.8%
HV 20d164.8%109.2%221.9%210.9%109.2%
HV 60d149.2%139.9%154.0%139.9%153.2%
IV Rank41.5%26.7%62.2%62.2%29.6%
IV Percentile88.7%82.9%94.4%94.4%82.9%
Term Structure-2.1%-12.4%10.8%10.8%-0.3%
VWIV113.5%95.0%151.5%151.5%95.1%
Skew 25d33.4%16.7%52.3%52.3%17.3%
Skew 10d63.2%32.8%84.6%84.6%32.8%
Call IV 25d89.5%70.9%118.1%118.1%73.9%
Put IV 25d122.8%87.6%170.4%170.4%91.2%
Bid-Ask Spread %4.222.2516.895.075.98
Gamma HHI0.060.030.160.030.06
Net GEX8.0M-651.8K17.0M866.4K11.7M
Net DEX-355.5M-716.1M94.2M75.2M-551.9M
Net VEX-3.5M-4.3M-2.2M-2.2M-4.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.411.310.680.88
Total Volume827,507.048550,5921,277,112861,936637,664
Total OI4,050,710.8573,299,5684,509,7124,085,3844,128,000

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$5.15$5.63148.2%46.0%210.9%62.2%151.5%52.3%10.8%866.4K75.2M-2.2M0.685.07N/AN/A512,184349,7522,726,5121,358,872
2020-04-02$5.45$5.38131.5%35.6%212.6%53.2%125.1%47.3%-2.5%2.0M33.7M-2.2M0.872.93N/AN/A349,864306,0402,824,8481,425,480
2020-04-03$5.17$5.38124.6%35.0%212.4%49.5%117.5%27.3%-12.4%-651.8K94.2M-2.2M0.513.08N/AN/A745,472382,2802,897,7841,480,040
2020-04-06$6.31$5.50110.7%31.4%221.9%42.0%114.4%38.5%0.4%6.0M-179.0M-2.9M0.672.29N/AN/A538,216357,9602,840,3681,256,488
2020-04-07$6.57$5.63119.7%32.5%220.7%46.8%116.2%30.8%-6.4%8.0M-274.2M-3.2M0.412.42N/AN/A905,024372,0882,950,8721,390,888
2020-04-08$6.73$5.63113.6%32.1%217.9%43.6%112.1%37.9%-0.9%8.8M-317.8M-3.3M0.767.68N/AN/A548,120417,8802,812,2081,465,384
2020-04-09$6.81$6.00115.3%31.4%195.3%44.5%105.2%36.6%-5.4%11.2M-346.5M-3.3M0.922.95N/AN/A582,528536,1042,869,5201,602,288
2020-04-13$7.04$6.25110.7%31.6%192.9%42.0%110.9%35.6%-2.9%6.9M-295.2M-3.4M0.862.94N/AN/A343,680293,9842,614,2961,354,016
2020-04-14$8.00$6.50100.5%28.8%177.5%36.5%107.2%28.0%-2.0%11.9M-614.6M-3.9M0.663.95N/AN/A604,840398,9042,654,5361,461,264
2020-04-15$7.78$6.63112.2%32.2%178.2%42.8%118.5%34.3%-1.0%10.5M-518.1M-3.8M0.833.37N/AN/A385,424319,8002,668,4961,557,928
2020-04-16$8.07$6.63107.6%30.8%156.1%40.3%112.8%33.5%0.7%13.1M-633.8M-4.0M0.622.48N/AN/A552,680345,3762,714,3121,657,016
2020-04-17$8.28$6.63103.9%29.9%144.5%38.3%109.1%32.3%-3.9%17.0M-716.1M-4.0M0.663.83N/AN/A582,576381,7682,762,5121,747,200
2020-04-20$8.13$6.63107.9%33.0%132.3%40.5%119.2%36.8%-4.1%6.3M-418.5M-4.0M0.903.48N/AN/A302,008272,8802,007,6721,291,896
2020-04-21$7.26$6.75125.4%36.0%138.7%49.9%122.2%41.5%-6.8%2.0M-168.4M-3.6M0.563.15N/AN/A613,912343,0002,059,5521,421,424
2020-04-22$7.89$6.75112.9%32.9%123.4%43.2%123.2%37.9%-4.7%7.0M-405.3M-4.0M0.742.25N/AN/A372,976274,9762,238,2481,535,888
2020-04-23$7.84$6.75110.0%31.8%123.4%41.6%111.1%27.1%-4.4%7.6M-374.1M-3.9M0.803.78N/AN/A393,024313,8562,290,5201,603,016
2020-04-24$8.17$6.8895.5%27.4%123.1%33.8%110.0%31.4%-0.9%16.0M-503.2M-4.0M1.033.38N/AN/A396,224407,0802,335,7521,698,232
2020-04-27$8.35$6.8888.9%26.3%121.9%30.2%103.0%30.0%1.3%7.1M-441.2M-4.0M1.313.91N/AN/A263,240345,5522,073,0641,495,256
2020-04-28$7.96$6.8897.8%28.8%122.7%35.0%103.4%27.4%-3.8%5.0M-310.1M-3.9M0.982.73N/AN/A278,568272,0242,167,1041,647,440
2020-04-29$8.77$6.8882.3%25.4%125.5%26.7%95.0%16.7%5.3%10.2M-599.7M-4.3M0.7316.89N/AN/A450,688327,4322,219,9521,758,784
2020-04-30$8.62$7.3887.6%26.8%109.2%29.6%95.1%17.3%-0.3%11.7M-551.9M-4.2M0.885.98N/AN/A338,816298,8482,288,2081,839,792