TQQQ Options History — May 2023

In May 2023, TQQQ traded between $13.28 and $17.77. ATM implied volatility averaged 54.7%, placing in the 4.7% IV rank vs the trailing year. The 30-day expected move averaged 16.2%. IV traded above realized volatility by 5.5% (HV 20d: 49.3%). Max pain ranged from $11.50 to $13.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.72.

Notable Days

  • 2023-05-12: Highest Volume — 826,582 contracts
  • 2023-05-05: Largest IV drop — 14.1% change
  • 2023-05-30: Highest IV Rank — 13.2%
  • 2023-05-30: Largest Expected Move — 18.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.11$13.28$17.77$14.12$17.57
Max Pain$12.41$11.50$13.00$13.00$13.00
ATM IV54.7%50.2%62.0%54.7%58.3%
Expected Move16.2%14.5%18.3%15.9%17.7%
HV 20d49.3%45.3%52.8%45.3%51.1%
HV 60d53.9%50.2%57.0%57.0%53.1%
IV Rank4.7%0.0%13.2%0.0%12.5%
IV Percentile2.6%0.0%8.3%0.0%7.5%
Term Structure-0.6%-22.3%4.1%0.6%-22.3%
VWIV59.4%54.4%65.9%56.1%63.0%
Skew 25d15.4%11.4%18.6%14.5%11.4%
Skew 10d29.8%20.9%34.6%27.1%20.9%
Call IV 25d47.9%43.4%54.8%47.6%53.3%
Put IV 25d63.3%58.7%71.4%62.1%64.7%
Bid-Ask Spread %2.761.6510.762.403.45
Gamma HHI0.120.060.560.070.09
Net GEX20.3M3.8M52.4M16.4M14.7M
Net DEX-873.2M-1.52B-368.0M-691.0M-1.20B
Net VEX-4.3M-4.9M-3.9M-4.1M-4.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.451.091.090.76
Total Volume472,343.182223,486826,582360,216313,576
Total OI2,698,7162,504,0122,905,1242,504,0122,672,238

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$14.12$13.0054.7%15.9%45.3%0.0%56.1%14.5%0.6%16.4M-691.0M-4.1M1.092.40N/AN/A172,136188,0801,684,414819,598
2023-05-02$13.68$13.0057.5%16.8%46.7%4.5%60.1%16.9%0.7%11.9M-533.4M-4.1M0.792.06N/AN/A246,732195,0661,733,476879,404
2023-05-03$13.49$13.0061.9%17.4%46.4%11.4%60.1%12.0%-1.8%9.7M-466.5M-3.9M0.595.33N/AN/A257,736152,8101,762,742910,050
2023-05-04$13.28$11.5062.0%18.1%46.1%11.5%65.9%18.3%-0.4%3.8M-368.0M-3.9M0.602.33N/AN/A295,788177,1781,789,672959,696
2023-05-05$14.15$11.5053.2%16.7%51.0%0.0%61.1%16.6%1.1%31.7M-796.6M-4.1M0.592.24N/AN/A490,872289,0401,827,2821,009,954
2023-05-08$14.23$12.0053.5%16.6%50.8%0.4%61.6%17.1%4.1%17.4M-690.9M-4.1M0.902.19N/AN/A180,078162,7801,679,904847,688
2023-05-09$13.94$12.0054.8%16.6%51.2%2.4%60.6%17.3%2.9%14.6M-584.8M-4.1M0.802.24N/AN/A151,202120,2841,725,936904,114
2023-05-10$14.47$12.0052.1%15.8%51.7%0.0%59.0%16.2%2.8%26.0M-816.5M-4.1M0.612.48N/AN/A439,498267,7241,747,258931,058
2023-05-11$14.52$12.0051.1%15.4%48.2%0.0%59.0%16.2%3.2%27.7M-833.3M-4.1M0.892.30N/AN/A236,134210,2741,787,346980,894
2023-05-12$14.32$12.5052.0%15.2%48.4%1.3%55.3%15.6%1.7%19.1M-740.1M-4.1M0.522.17N/AN/A542,782283,8001,795,4681,014,852
2023-05-15$14.54$12.5051.8%15.0%48.6%1.1%55.4%16.7%-0.8%26.7M-795.0M-4.1M0.911.86N/AN/A191,230174,9601,734,592891,064
2023-05-16$14.74$12.5053.4%15.5%48.7%3.7%54.8%16.7%-1.7%29.2M-874.3M-4.1M0.452.14N/AN/A345,064154,3061,777,036948,294
2023-05-17$15.19$12.5051.0%14.6%49.6%0.0%54.8%15.1%-2.0%28.7M-1.02B-4.1M0.832.82N/AN/A268,328221,4181,767,960981,570
2023-05-18$15.96$12.5050.2%14.5%50.1%0.0%55.5%13.9%-1.3%24.2M-1.28B-4.2M0.722.36N/AN/A450,428324,5761,786,1341,026,794
2023-05-19$15.87$12.5050.7%14.5%50.4%0.7%54.4%14.1%0.8%22.9M-1.24B-4.3M0.681.99N/AN/A383,038261,0181,809,4581,095,666
2023-05-22$16.02$12.5051.4%15.0%50.2%1.8%56.8%15.3%-0.1%15.8M-947.2M-4.4M0.792.12N/AN/A184,684145,9121,607,030906,286
2023-05-23$15.52$12.5053.6%15.7%47.3%5.3%61.3%16.4%0.4%10.9M-758.1M-4.3M0.711.65N/AN/A152,132107,3041,649,206964,544
2023-05-24$15.19$12.5056.4%16.7%48.6%9.6%61.9%18.6%-0.4%6.9M-627.7M-4.4M0.7810.76N/AN/A125,26298,2241,710,2241,019,492
2023-05-25$16.38$12.5056.9%16.6%48.1%10.3%63.0%16.1%-0.5%20.4M-1.12B-4.7M0.692.11N/AN/A178,670123,0481,764,1161,055,732
2023-05-26$17.55$12.5058.6%17.5%52.8%13.0%62.4%13.1%0.2%52.4M-1.52B-4.8M0.501.98N/AN/A467,372235,0421,744,2801,102,266
2023-05-30$17.77$12.5058.7%18.3%52.7%13.2%65.5%12.0%-0.6%15.8M-1.30B-4.9M0.681.75N/AN/A254,182171,7821,591,110975,854
2023-05-31$17.57$13.0058.3%17.7%51.1%12.5%63.0%11.4%-22.3%14.7M-1.20B-4.9M0.763.45N/AN/A177,716135,8601,639,1841,033,054