TQQQ Options History — May 2020

In May 2020, TQQQ traded between $7.94 and $10.31. ATM implied volatility averaged 82.4%, placing in the 26.8% IV rank vs the trailing year. The 30-day expected move averaged 23.8%. IV traded below realized volatility by 2.2% (HV 20d: 84.6%). Max pain ranged from $7.50 to $8.75. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.85.

Notable Days

  • 2020-05-13: Highest Volume — 1,070,600 contracts
  • 2020-05-13: Largest IV spike — 17.9% change
  • 2020-05-13: Highest IV Rank — 35.5%
  • 2020-05-01: Largest Expected Move — 29.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.31$7.94$10.31$7.94$10.31
Max Pain$7.97$7.50$8.75$7.50$8.75
ATM IV82.4%72.9%98.6%86.0%75.4%
Expected Move23.8%20.9%29.4%29.4%20.9%
HV 20d84.6%64.2%115.0%115.0%64.2%
HV 60d153.3%146.0%156.4%154.0%146.0%
IV Rank26.8%21.6%35.5%28.7%23.0%
IV Percentile79.5%74.2%84.9%82.5%74.6%
Term Structure-0.0%-18.7%7.5%6.5%4.5%
VWIV84.6%74.9%102.6%102.6%74.9%
Skew 25d26.6%18.1%33.3%21.1%27.7%
Skew 10d51.4%38.2%61.6%47.0%38.2%
Call IV 25d69.0%61.9%81.0%79.2%61.9%
Put IV 25d95.6%87.0%112.0%100.3%89.7%
Bid-Ask Spread %13.523.9535.994.6418.65
Gamma HHI0.060.040.200.040.11
Net GEX12.6M-54.8K26.8M-54.8K26.8M
Net DEX-665.6M-997.6M-236.9M-236.9M-997.6M
Net VEX-4.6M-4.9M-4.0M-4.0M-4.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.850.561.130.911.10
Total Volume760,727.2484,8641,070,600970,552961,448
Total OI4,395,0903,867,0404,896,4564,281,2724,835,984

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-05-01$7.94$7.5086.0%29.4%115.0%28.7%102.6%21.1%6.5%-54.8K-236.9M-4.0M0.914.64N/AN/A508,472462,0802,333,3601,947,912
2020-05-04$8.19$7.5095.7%27.1%111.9%33.9%97.9%33.3%-1.0%5.3M-356.8M-4.0M0.764.43N/AN/A276,048208,8162,143,5761,723,464
2020-05-05$8.45$7.5093.8%25.9%90.4%32.9%93.4%33.1%-9.7%9.3M-475.1M-4.2M0.945.05N/AN/A357,640336,7522,247,6561,806,576
2020-05-06$8.69$7.5092.4%25.6%90.1%32.2%85.5%31.1%-18.7%11.8M-565.5M-4.3M0.843.95N/AN/A363,504304,4562,309,8001,939,896
2020-05-07$8.96$7.5085.2%24.8%90.2%28.3%84.5%28.7%1.3%15.6M-685.0M-4.5M0.943.96N/AN/A345,544324,0242,389,0242,075,360
2020-05-08$9.33$7.6376.1%22.6%90.7%23.4%81.7%25.3%3.5%25.8M-913.6M-4.5M0.897.82N/AN/A442,992395,5362,440,3682,131,888
2020-05-11$9.65$7.7575.8%22.1%90.7%23.2%77.6%25.6%1.5%12.0M-778.5M-4.6M0.868.09N/AN/A359,336310,3682,162,6481,873,736
2020-05-12$9.17$7.7583.6%24.1%83.3%27.4%83.9%18.1%-1.6%9.8M-596.8M-4.5M0.829.30N/AN/A306,816250,0962,298,0641,983,112
2020-05-13$8.51$7.8898.6%27.7%87.4%35.5%95.7%31.0%-4.2%2.8M-313.5M-4.3M0.765.26N/AN/A607,280463,3202,368,3922,071,624
2020-05-14$8.83$8.0085.8%25.0%87.4%28.6%94.1%32.6%-1.2%5.9M-449.8M-4.4M0.9217.69N/AN/A434,528401,5442,475,2722,181,168
2020-05-15$9.02$8.0086.0%23.9%87.3%28.7%91.8%25.2%0.5%7.9M-587.7M-4.5M0.8822.43N/AN/A440,344387,9522,548,3682,348,088
2020-05-18$9.75$8.0076.4%21.9%90.6%23.5%76.6%26.0%2.0%12.5M-775.9M-4.7M1.0011.47N/AN/A406,200405,5442,220,9441,809,792
2020-05-19$9.77$8.1377.7%22.2%78.3%24.2%78.4%26.1%3.8%13.1M-781.9M-4.8M0.5613.07N/AN/A357,728198,7362,298,8562,013,072
2020-05-20$10.13$8.1376.5%21.9%74.5%23.6%75.2%23.9%1.5%17.3M-957.9M-4.9M0.6911.09N/AN/A446,696308,0002,343,1522,069,464
2020-05-21$9.87$8.1379.4%22.8%75.5%25.1%79.1%21.9%0.0%15.8M-806.1M-4.8M0.8318.87N/AN/A377,928315,0722,389,9682,157,616
2020-05-22$9.88$8.1378.1%22.3%74.8%24.4%82.4%24.7%0.2%18.9M-809.6M-4.8M0.7217.97N/AN/A411,440297,2082,468,0162,232,248
2020-05-26$9.84$8.3872.9%22.1%74.7%21.6%85.9%21.6%7.5%11.1M-688.1M-4.7M1.1335.99N/AN/A304,336344,7122,245,8641,930,648
2020-05-27$9.96$8.5075.3%21.2%71.7%23.0%75.4%23.4%0.3%13.0M-726.4M-4.8M0.7025.98N/AN/A550,808383,8962,348,0242,060,584
2020-05-28$9.99$8.7577.7%22.2%64.2%24.2%74.9%31.6%2.3%17.7M-809.9M-4.9M0.7324.70N/AN/A495,216362,1282,484,7842,193,432
2020-05-29$10.31$8.7575.4%20.9%64.2%23.0%74.9%27.7%4.5%26.8M-997.6M-4.9M1.1018.65N/AN/A458,144503,3042,561,1602,274,824