TQQQ Options History — January 2023

In January 2023, TQQQ traded between $8.21 and $11.79. ATM implied volatility averaged 74.0%, placing in the 21.5% IV rank vs the trailing year. The 30-day expected move averaged 21.8%. IV traded above realized volatility by 3.4% (HV 20d: 70.5%). Max pain ranged from $8.50 to $10.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.63.

Notable Days

  • 2023-01-06: Highest Volume — 1,201,988 contracts
  • 2023-01-12: Largest IV drop — 10.2% change
  • 2023-01-03: Highest IV Rank — 49.3%
  • 2023-01-03: Largest Expected Move — 24.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.93$8.21$11.79$8.44$11.30
Max Pain$9.14$8.50$10.00$9.00$10.00
ATM IV74.0%66.8%84.7%84.7%73.1%
Expected Move21.8%19.5%24.3%24.3%23.5%
HV 20d70.5%58.5%80.7%75.1%60.3%
HV 60d85.8%81.6%92.2%92.2%81.6%
IV Rank21.5%8.3%49.3%49.3%17.0%
IV Percentile15.9%1.2%42.9%42.9%13.5%
Term Structure-1.0%-3.6%1.5%-1.2%-0.9%
VWIV76.1%67.7%83.7%83.2%83.6%
Skew 25d12.4%10.7%14.8%12.8%13.1%
Skew 10d21.9%16.6%26.3%19.0%25.2%
Call IV 25d67.5%59.8%78.5%77.3%66.1%
Put IV 25d80.0%71.7%90.1%90.1%79.2%
Bid-Ask Spread %2.551.523.281.522.06
Gamma HHI0.130.050.570.060.06
Net GEX13.2M3.8M36.4M5.4M11.5M
Net DEX-393.3M-941.3M-24.7M-81.2M-556.5M
Net VEX-2.7M-3.3M-2.2M-2.3M-3.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.341.420.410.55
Total Volume788,795.8444,9741,201,988641,194477,352
Total OI3,134,870.22,325,6543,659,9143,046,5162,654,948

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$8.44$9.0084.7%24.3%75.1%49.3%83.2%12.8%-1.2%5.4M-81.2M-2.3M0.411.52N/AN/A453,164188,0302,356,108690,408
2023-01-04$8.38$9.2583.8%24.0%73.6%47.9%81.0%12.1%-2.0%5.7M-69.5M-2.2M0.413.28N/AN/A468,460190,8422,440,568752,198
2023-01-05$8.21$8.5084.4%24.2%72.1%46.2%80.7%10.9%-2.6%3.8M-24.7M-2.2M0.452.45N/AN/A418,976187,8622,505,412777,264
2023-01-06$8.90$8.5078.2%22.1%79.1%30.7%76.9%11.0%0.6%17.6M-254.5M-2.4M0.342.65N/AN/A895,394306,5942,589,040819,674
2023-01-09$9.06$8.5080.4%23.1%78.3%34.4%78.1%13.1%0.5%9.8M-246.3M-2.5M0.522.69N/AN/A600,990314,4922,458,372728,940
2023-01-10$9.15$8.5077.7%22.6%78.6%29.8%77.6%10.8%1.3%10.8M-259.1M-2.5M0.502.21N/AN/A295,884149,0902,576,344806,160
2023-01-11$9.62$8.5079.2%22.5%80.7%32.4%77.4%12.0%-0.3%15.4M-434.4M-2.7M0.482.60N/AN/A481,590232,6582,639,066840,664
2023-01-12$9.78$9.0071.1%20.4%78.7%18.4%73.1%10.7%0.1%24.2M-480.0M-2.7M0.462.77N/AN/A693,148321,9022,744,964885,060
2023-01-13$10.04$9.0066.8%19.5%78.9%11.0%67.7%11.9%1.5%36.4M-574.3M-2.7M0.512.52N/AN/A515,726263,9902,731,712928,202
2023-01-17$10.08$9.0069.6%20.0%68.8%10.7%69.6%13.7%-2.7%14.3M-398.6M-2.6M0.772.52N/AN/A297,560230,0302,460,006787,566
2023-01-18$9.77$9.0069.8%20.0%69.5%11.0%70.3%14.8%-0.4%9.6M-271.9M-2.6M0.642.45N/AN/A513,058326,0822,515,884857,428
2023-01-19$9.51$9.0070.8%20.4%66.9%13.0%71.0%13.6%-1.8%4.5M-167.7M-2.5M0.882.48N/AN/A393,558345,5882,613,002918,526
2023-01-20$10.14$9.0068.5%20.0%70.5%8.6%69.8%13.1%-3.6%8.9M-490.8M-2.7M0.502.71N/AN/A691,700347,1862,670,346968,510
2023-01-23$10.81$9.5069.8%20.7%72.8%11.1%73.5%13.1%-1.6%12.1M-531.0M-2.9M0.833.06N/AN/A532,108441,7661,614,486711,168
2023-01-24$10.68$9.5069.5%20.9%62.3%10.5%74.4%12.4%-1.4%9.4M-468.0M-3.0M1.422.65N/AN/A235,856334,4601,727,004878,280
2023-01-25$10.65$9.5068.3%20.8%62.4%8.3%75.3%12.8%-2.0%6.5M-440.8M-3.0M0.912.61N/AN/A438,718399,3061,770,262984,948
2023-01-26$11.23$9.5069.7%21.3%62.1%10.9%77.5%12.2%-2.4%16.9M-707.7M-3.1M0.692.58N/AN/A598,198412,0221,819,972979,644
2023-01-27$11.79$10.0069.2%21.2%58.5%9.9%76.7%11.2%-1.1%31.5M-941.3M-3.3M0.602.77N/AN/A714,994426,4081,873,1561,084,836
2023-01-30$11.03$10.0074.6%23.8%61.5%19.8%83.7%13.4%-0.6%9.7M-467.4M-3.1M0.732.34N/AN/A371,178269,9961,710,396826,880
2023-01-31$11.30$10.0073.1%23.5%60.3%17.0%83.6%13.1%-0.9%11.5M-556.5M-3.3M0.552.06N/AN/A307,258170,0941,766,754888,194