TQQQ Options History — March 2023

In March 2023, TQQQ traded between $10.34 and $14.01. ATM implied volatility averaged 72.4%, placing in the 15.8% IV rank vs the trailing year. The 30-day expected move averaged 20.4%. IV traded above realized volatility by 8.9% (HV 20d: 63.5%). Max pain ranged from $10.75 to $12.25. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 0.64.

Notable Days

  • 2023-03-10: Highest Volume — 1,264,808 contracts
  • 2023-03-09: Largest IV spike — 11.4% change
  • 2023-03-13: Highest IV Rank — 34.5%
  • 2023-03-01: Largest Expected Move — 22.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.05$10.34$14.01$10.81$14.01
Max Pain$11.32$10.75$12.25$11.00$12.25
ATM IV72.4%63.8%82.6%75.8%63.8%
Expected Move20.4%17.5%22.3%22.3%17.5%
HV 20d63.5%58.5%73.1%73.1%60.8%
HV 60d69.2%64.4%72.5%71.5%65.5%
IV Rank15.8%0.1%34.5%22.0%0.1%
IV Percentile17.4%0.4%46.8%23.4%0.4%
Term Structure-0.4%-5.7%3.0%-1.1%3.0%
VWIV71.6%63.3%77.8%76.8%63.3%
Skew 25d16.5%12.5%21.1%15.2%13.1%
Skew 10d30.6%22.0%40.4%26.0%26.6%
Call IV 25d64.0%57.0%72.1%66.9%57.0%
Put IV 25d80.5%70.1%90.5%82.1%70.1%
Bid-Ask Spread %4.072.227.523.103.02
Gamma HHI0.100.040.290.050.29
Net GEX14.9M-1.3M32.5M3.8M32.5M
Net DEX-561.5M-1.16B31.2M-194.8M-1.16B
Net VEX-3.8M-4.5M-3.2M-3.3M-4.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.640.450.860.500.59
Total Volume705,948.435350,6321,264,808503,4781,006,728
Total OI2,965,240.6962,595,9823,470,9602,806,2582,968,406

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$10.81$11.0075.8%22.3%73.1%22.0%76.8%15.2%-1.1%3.8M-194.8M-3.3M0.503.10N/AN/A334,768168,7101,881,980924,278
2023-03-02$11.10$10.7574.3%22.1%65.4%19.2%75.9%14.2%-2.0%8.7M-302.3M-3.4M0.512.47N/AN/A410,878210,4021,929,478955,840
2023-03-03$11.71$10.7569.1%20.0%63.6%9.8%72.0%13.8%-1.9%16.3M-551.8M-3.6M0.612.22N/AN/A541,588332,1061,973,730995,254
2023-03-06$11.80$11.0068.8%19.1%62.5%9.2%67.5%12.5%1.2%12.1M-490.1M-3.6M0.735.36N/AN/A334,550245,5661,856,582881,964
2023-03-07$11.35$11.0070.8%19.7%63.3%12.8%69.4%12.8%0.1%7.9M-330.9M-3.5M0.864.91N/AN/A283,002244,1861,938,832950,400
2023-03-08$11.53$11.0069.8%19.6%59.1%11.1%68.6%13.4%0.7%8.9M-375.6M-3.6M0.694.52N/AN/A206,944143,6881,983,9341,026,034
2023-03-09$10.87$11.0077.8%21.1%59.8%25.8%73.0%13.7%-0.9%1.8M-168.7M-3.4M0.716.68N/AN/A420,926297,6942,020,6561,041,080
2023-03-10$10.34$11.0081.9%22.3%61.3%33.3%76.2%18.5%-1.2%-1.3M31.2M-3.2M0.714.20N/AN/A740,566524,2422,070,7181,091,996
2023-03-13$10.84$11.0082.6%22.1%64.1%34.5%76.8%19.1%-5.7%3.7M-227.0M-3.4M0.596.68N/AN/A502,656297,5781,903,598997,188
2023-03-14$11.19$11.0076.1%21.4%62.7%22.6%74.1%16.9%-1.2%10.1M-366.9M-3.5M0.704.62N/AN/A433,570302,4182,055,3361,066,436
2023-03-15$11.44$11.0078.3%21.8%62.4%26.6%77.8%21.1%-2.1%14.2M-467.7M-3.6M0.765.83N/AN/A375,064283,3662,134,1181,109,552
2023-03-16$12.47$11.0071.5%20.2%70.4%14.1%74.7%19.3%-1.6%23.9M-922.8M-3.9M0.614.28N/AN/A670,764409,0982,177,1281,141,990
2023-03-17$12.28$11.0077.9%21.4%68.9%25.9%76.4%20.9%-5.2%18.6M-842.8M-4.0M0.534.27N/AN/A597,758316,1582,236,7081,234,252
2023-03-20$12.37$11.5075.3%21.5%67.8%21.1%75.1%20.8%-0.4%15.4M-645.4M-4.0M0.682.92N/AN/A278,452189,0041,863,916803,030
2023-03-21$12.98$11.5068.9%19.7%65.2%9.3%70.1%16.6%-0.2%21.7M-915.4M-4.1M0.732.56N/AN/A376,988273,7401,985,282874,568
2023-03-22$12.72$11.5070.2%20.1%65.5%11.7%69.4%15.0%-0.3%20.9M-726.4M-4.2M0.637.52N/AN/A508,978319,1381,998,774987,508
2023-03-23$12.78$11.5072.8%20.8%64.3%16.5%73.1%19.1%0.6%24.4M-746.9M-4.3M0.724.42N/AN/A447,852321,9222,055,6941,009,292
2023-03-24$12.87$11.7572.1%20.6%58.5%15.2%71.4%18.9%0.6%26.7M-806.0M-4.3M0.612.78N/AN/A425,828258,3682,078,3241,032,800
2023-03-27$12.69$11.7568.4%19.4%58.5%8.5%68.4%17.5%1.8%14.7M-588.2M-4.1M0.643.03N/AN/A312,656198,7221,779,466816,516
2023-03-28$12.33$12.0069.8%19.7%59.9%11.0%66.1%16.5%1.9%9.8M-457.8M-4.0M0.452.99N/AN/A298,086134,0961,837,166881,794
2023-03-29$13.15$12.0064.9%18.1%61.9%2.0%66.2%14.5%2.8%20.4M-771.6M-4.2M0.642.72N/AN/A359,982229,7781,866,074919,084
2023-03-30$13.44$12.0064.6%17.9%61.8%1.6%65.1%14.9%2.7%28.1M-882.3M-4.3M0.642.50N/AN/A408,614259,6361,901,810961,970
2023-03-31$14.01$12.2563.8%17.5%60.8%0.1%63.3%13.1%3.0%32.5M-1.16B-4.5M0.593.02N/AN/A634,758371,9701,952,9881,015,418