TQQQ Options History — May 2022

In May 2022, TQQQ traded between $13.39 and $21.01. ATM implied volatility averaged 101.5%, placing in the 82.1% IV rank vs the trailing year. The 30-day expected move averaged 29.5%. IV traded below realized volatility by 23.3% (HV 20d: 124.8%). Max pain ranged from $20.00 to $27.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.41.

Notable Days

2022-05-27: Highest Volume — 1,281,830 contracts
2022-05-05: Largest IV spike — 22.7% change
2022-05-09: Highest IV Rank — 100.0%
2022-05-12: Largest Expected Move — 33.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$15.81	$13.39	$21.01	$18.75	$16.73
Max Pain	$23.19	$20.00	$27.50	$23.50	$20.00
ATM IV	101.5%	86.3%	118.3%	104.3%	91.4%
Expected Move	29.5%	25.8%	33.4%	32.6%	27.4%
HV 20d	124.8%	94.4%	138.4%	100.0%	132.6%
HV 60d	105.0%	94.6%	110.6%	95.1%	110.0%
IV Rank	82.1%	60.6%	100.0%	95.4%	65.1%
IV Percentile	93.5%	81.3%	100.0%	98.4%	82.9%
Term Structure	-1.3%	-4.4%	3.0%	-2.9%	-4.2%
VWIV	98.7%	89.3%	110.1%	110.1%	96.3%
Skew 25d	21.2%	-18.4%	26.6%	19.8%	20.1%
Skew 10d	41.1%	31.7%	50.2%	34.5%	35.6%
Call IV 25d	89.3%	77.8%	117.1%	87.0%	80.3%
Put IV 25d	110.5%	96.1%	130.9%	106.8%	100.4%
Bid-Ask Spread %	3.27	1.82	6.11	6.11	3.03
Gamma HHI	0.10	0.03	0.25	0.03	0.06
Net GEX	10.7M	216.5K	30.9M	2.4M	17.2M
Net DEX	120.8M	-817.8M	479.9M	311.1M	-500.5M
Net VEX	-4.4M	-5.5M	-3.7M	-4.7M	-5.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.41	0.25	0.61	0.50	0.61
Total Volume	838,881.143	399,518	1,281,830	528,758	617,336
Total OI	2,643,818.762	2,002,536	3,087,258	2,002,536	2,579,972

Daily Data (21 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
2022-05-02	$18.75	$23.50	104.3%	32.6%	100.0%	95.4%	110.1%	19.8%	-2.9%	2.4M	311.1M	-4.7M	0.50	6.11	N/A	N/A	352,964	175,794	1,224,034	778,502
2022-05-03	$18.93	$23.00	99.1%	30.8%	94.4%	87.5%	101.4%	24.9%	-1.5%	4.9M	263.7M	-4.9M	0.38	3.96	N/A	N/A	289,418	110,100	1,313,732	817,444
2022-05-04	$21.01	$23.00	86.3%	26.1%	103.2%	68.2%	91.7%	18.3%	-2.4%	14.3M	-59.1M	-5.5M	0.44	4.76	N/A	N/A	498,394	217,242	1,357,290	832,816
2022-05-05	$17.70	$27.50	106.0%	29.5%	116.3%	97.9%	94.6%	19.3%	0.3%	216.5K	436.2M	-4.5M	0.34	5.08	N/A	N/A	815,354	278,722	1,433,758	866,812
2022-05-06	$17.20	$25.63	100.2%	28.0%	115.6%	89.1%	92.4%	26.2%	-1.0%	1.3M	452.6M	-4.5M	0.40	4.81	N/A	N/A	708,036	282,076	1,705,980	905,316
2022-05-09	$15.26	$25.00	112.0%	32.4%	120.4%	100.0%	106.8%	26.4%	3.0%	2.6M	435.6M	-3.8M	0.37	2.24	N/A	N/A	500,910	185,314	1,505,560	795,436
2022-05-10	$15.74	$25.00	112.9%	31.6%	120.3%	100.0%	101.2%	25.7%	-3.1%	6.4M	343.0M	-4.1M	0.35	2.99	N/A	N/A	528,266	184,572	1,692,712	820,536
2022-05-11	$14.37	$25.00	114.2%	32.4%	122.8%	100.0%	104.3%	-18.4%	2.7%	2.2M	479.9M	-3.7M	0.30	2.65	N/A	N/A	724,468	214,378	1,762,070	849,542
2022-05-12	$13.94	$25.00	118.3%	33.4%	117.8%	100.0%	109.1%	26.6%	-2.4%	5.2M	368.7M	-3.9M	0.37	4.36	N/A	N/A	765,868	283,374	2,015,174	859,950
2022-05-13	$15.85	$25.00	103.2%	29.7%	129.4%	80.3%	97.5%	25.4%	1.2%	19.0M	-26.5M	-4.6M	0.49	2.18	N/A	N/A	778,366	380,888	2,188,296	875,872
2022-05-16	$15.27	$25.00	103.5%	29.8%	129.5%	80.8%	97.8%	24.6%	-4.4%	10.4M	162.9M	-4.4M	0.48	1.85	N/A	N/A	326,840	156,856	1,817,350	821,398
2022-05-17	$16.34	$23.75	93.3%	26.8%	129.2%	67.5%	89.3%	23.4%	-3.2%	17.8M	-35.0M	-4.7M	0.52	2.69	N/A	N/A	392,862	205,578	1,902,716	843,384
2022-05-18	$14.03	$23.75	107.7%	30.9%	137.4%	86.2%	101.7%	24.6%	-3.3%	6.3M	303.9M	-3.9M	0.51	2.32	N/A	N/A	566,638	289,610	1,962,928	843,456
2022-05-19	$14.02	$22.50	99.2%	28.5%	136.7%	75.2%	97.0%	24.9%	-1.7%	7.8M	260.9M	-4.0M	0.44	3.25	N/A	N/A	564,334	249,864	2,119,170	858,584
2022-05-20	$13.39	$21.88	99.1%	28.6%	136.1%	75.0%	97.1%	26.5%	-1.6%	4.1M	318.0M	-3.8M	0.47	4.56	N/A	N/A	786,732	367,702	2,222,304	864,954
2022-05-23	$14.14	$21.25	98.9%	29.0%	138.4%	74.8%	98.0%	22.7%	-1.9%	12.0M	70.9M	-4.0M	0.28	2.02	N/A	N/A	744,854	210,440	1,810,904	728,490
2022-05-24	$13.56	$21.25	100.9%	30.0%	135.9%	77.4%	103.0%	24.7%	-0.6%	11.1M	137.3M	-4.0M	0.25	3.30	N/A	N/A	775,770	193,280	1,974,924	785,242
2022-05-25	$13.99	$20.00	98.4%	29.1%	137.0%	74.1%	98.6%	20.4%	0.7%	17.9M	-26.4M	-4.2M	0.32	2.36	N/A	N/A	491,272	159,384	2,077,478	803,690
2022-05-26	$15.24	$20.00	94.2%	27.8%	135.6%	68.7%	95.7%	20.8%	-1.5%	30.7M	-341.7M	-4.7M	0.36	2.25	N/A	N/A	703,896	256,922	2,098,880	829,880
2022-05-27	$16.51	$20.00	87.9%	25.8%	132.6%	60.6%	90.0%	19.3%	-0.1%	30.9M	-817.8M	-5.1M	0.41	1.82	N/A	N/A	911,596	370,234	2,110,614	863,044
2022-05-31	$16.73	$20.00	91.4%	27.4%	132.6%	65.1%	96.3%	20.1%	-4.2%	17.2M	-500.5M	-5.2M	0.61	3.03	N/A	N/A	383,222	234,114	1,825,406	754,566