TQQQ Options History — February 2023

In February 2023, TQQQ traded between $10.79 and $13.24. ATM implied volatility averaged 73.6%, placing in the 18.1% IV rank vs the trailing year. The 30-day expected move averaged 21.2%. IV traded above realized volatility by 0.5% (HV 20d: 73.1%). Max pain ranged from $10.00 to $11.00. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 0.59.

Notable Days

  • 2023-02-02: Highest Volume — 1,647,974 contracts
  • 2023-02-14: Largest IV drop — 11.6% change
  • 2023-02-22: Highest IV Rank — 31.6%
  • 2023-02-22: Largest Expected Move — 22.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.09$10.79$13.24$12.38$11.13
Max Pain$10.50$10.00$11.00$10.00$11.00
ATM IV73.6%65.8%81.0%65.8%73.6%
Expected Move21.2%19.0%22.9%21.3%21.5%
HV 20d73.1%65.4%78.3%65.4%73.0%
HV 60d76.3%71.5%83.3%82.1%71.5%
IV Rank18.1%3.8%31.6%3.8%17.9%
IV Percentile17.7%0.8%38.5%0.8%17.5%
Term Structure0.2%-2.3%4.0%-0.4%-1.3%
VWIV74.6%69.8%79.0%78.5%74.8%
Skew 25d14.3%10.3%19.8%11.4%15.0%
Skew 10d25.6%19.2%31.8%21.4%27.4%
Call IV 25d66.7%60.6%71.6%61.3%65.9%
Put IV 25d81.1%72.6%91.0%72.6%80.9%
Bid-Ask Spread %2.872.414.522.792.50
Gamma HHI0.080.050.150.070.06
Net GEX9.5M-2.7M18.8M17.8M7.3M
Net DEX-598.0M-1.22B-113.8M-938.9M-288.0M
Net VEX-3.8M-4.2M-3.3M-3.5M-3.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.440.850.760.69
Total Volume793,777.579339,9861,647,974924,006339,986
Total OI2,858,682.7372,580,8843,129,8762,757,7882,754,214

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$12.38$10.0065.8%21.3%65.4%3.8%78.5%11.4%-0.4%17.8M-938.9M-3.5M0.762.79N/AN/A524,012399,9941,825,592932,196
2023-02-02$13.24$10.0071.5%20.3%66.7%14.2%71.1%11.0%-0.1%18.1M-1.22B-3.8M0.573.32N/AN/A1,052,162595,8121,871,516993,290
2023-02-03$12.72$10.0071.7%20.8%68.7%14.6%72.0%10.3%-1.0%10.7M-961.1M-3.9M0.602.90N/AN/A828,070492,9301,996,9141,132,962
2023-02-06$12.40$10.0072.1%20.9%67.1%15.3%74.0%11.6%0.7%10.8M-660.0M-3.9M0.682.41N/AN/A370,100251,3861,758,250876,602
2023-02-07$13.17$10.5071.0%20.7%68.8%13.2%73.2%11.7%0.8%16.3M-913.2M-4.2M0.502.59N/AN/A566,054280,7141,843,164943,990
2023-02-08$12.51$10.5074.0%21.4%73.2%18.7%75.6%12.0%0.8%11.6M-705.4M-4.0M0.482.43N/AN/A554,796266,6241,900,110997,034
2023-02-09$12.14$10.5077.4%22.5%73.7%25.0%77.9%13.5%1.0%9.4M-583.0M-4.0M0.474.52N/AN/A595,958280,7082,025,4001,022,126
2023-02-10$11.90$10.5076.3%22.0%74.6%22.9%78.2%12.4%0.0%2.6M-475.7M-3.9M0.573.04N/AN/A580,916329,0462,029,3781,057,774
2023-02-13$12.47$10.5076.7%22.0%75.5%23.7%78.9%14.0%0.8%11.7M-691.7M-4.0M0.562.54N/AN/A316,824177,8421,819,974904,674
2023-02-14$12.81$10.5067.8%19.4%75.6%7.3%70.9%14.1%3.0%17.1M-808.7M-4.0M0.692.75N/AN/A422,352290,2701,902,234956,358
2023-02-15$12.91$10.5066.2%19.0%73.9%4.4%69.8%13.9%2.8%18.8M-841.0M-4.0M0.853.13N/AN/A283,798240,7481,927,474998,058
2023-02-16$12.35$10.5070.2%19.9%75.4%11.7%70.0%16.5%4.0%11.4M-615.0M-3.9M0.662.90N/AN/A405,882265,8961,946,6981,038,826
2023-02-17$11.96$10.5072.5%20.6%74.4%16.1%71.3%17.0%2.0%-662.2K-458.9M-3.7M0.513.09N/AN/A668,252343,5941,997,0241,072,400
2023-02-21$11.23$10.5080.8%22.9%75.4%31.2%79.0%19.8%-1.8%3.5M-245.0M-3.5M0.592.43N/AN/A461,358272,4381,731,866849,018
2023-02-22$11.06$10.5081.0%22.9%75.5%31.6%78.0%18.5%-2.3%2.3M-205.8M-3.5M0.533.20N/AN/A358,206188,8301,851,498941,516
2023-02-23$11.52$11.0075.6%21.1%76.7%21.8%73.3%17.7%-1.9%8.1M-358.9M-3.6M0.443.03N/AN/A482,322213,5641,897,070974,780
2023-02-24$10.79$11.0078.5%22.2%78.3%27.0%76.4%17.1%-1.8%-2.7M-113.8M-3.3M0.572.53N/AN/A551,272315,4621,946,574983,686
2023-02-27$11.10$11.0076.3%22.1%76.8%22.9%74.3%15.3%-0.9%5.8M-281.9M-3.5M0.532.48N/AN/A336,488177,1081,766,428848,304
2023-02-28$11.13$11.0073.6%21.5%73.0%17.9%74.8%15.0%-1.3%7.3M-288.0M-3.5M0.692.50N/AN/A201,360138,6261,854,250899,964