TQQQ Options History — July 2023

In July 2023, TQQQ traded between $19.84 and $23.30. ATM implied volatility averaged 53.9%, placing in the 7.0% IV rank vs the trailing year. The 30-day expected move averaged 15.1%. IV traded above realized volatility by 5.5% (HV 20d: 48.4%). Max pain ranged from $18.00 to $21.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.59.

Notable Days

  • 2023-07-14: Highest Volume — 798,410 contracts
  • 2023-07-28: Largest IV drop — 6.8% change
  • 2023-07-10: Highest IV Rank — 12.8%
  • 2023-07-10: Largest Expected Move — 16.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.50$19.84$23.30$20.58$22.49
Max Pain$19.85$18.00$21.00$18.00$21.00
ATM IV53.9%50.8%57.5%53.7%52.3%
Expected Move15.1%14.0%16.1%14.1%14.5%
HV 20d48.4%45.7%51.7%50.2%47.7%
HV 60d49.2%47.9%51.8%48.9%49.2%
IV Rank7.0%2.1%12.8%6.8%4.4%
IV Percentile10.5%2.0%16.7%9.1%7.1%
Term Structure0.3%-1.6%12.2%-0.3%-0.8%
VWIV54.0%50.4%60.4%51.2%52.0%
Skew 25d7.4%5.6%9.8%6.8%7.7%
Skew 10d15.6%12.4%18.4%14.2%16.5%
Call IV 25d50.8%47.9%53.1%51.0%49.2%
Put IV 25d58.2%54.6%62.7%57.8%56.9%
Bid-Ask Spread %3.172.037.652.032.08
Gamma HHI0.110.050.410.090.05
Net GEX24.5M6.9M61.8M20.9M20.5M
Net DEX-1.41B-1.96B-1.03B-1.26B-1.46B
Net VEX-5.4M-5.7M-5.2M-5.3M-5.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.480.770.620.64
Total Volume500,460255,608798,410255,608302,872
Total OI2,412,681.92,151,1742,676,6142,151,1742,304,582

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$20.58$18.0053.7%14.1%50.2%6.8%51.2%6.8%-0.3%20.9M-1.26B-5.3M0.622.03N/AN/A157,60698,0021,430,172721,002
2023-07-05$20.70$18.0054.0%14.3%50.2%7.2%51.2%8.3%-0.2%22.9M-1.30B-5.3M0.777.65N/AN/A188,436144,5801,486,858771,760
2023-07-06$20.11$19.5057.0%16.1%51.7%12.0%60.4%9.8%-0.2%11.8M-1.09B-5.4M0.604.36N/AN/A346,930206,8481,529,178810,970
2023-07-07$20.09$19.0055.2%15.7%46.7%9.2%55.2%8.2%-0.4%6.9M-1.10B-5.4M0.574.13N/AN/A366,868207,8141,571,958856,580
2023-07-10$19.84$19.5057.5%16.1%45.8%12.8%58.0%9.6%-1.0%12.3M-1.03B-5.2M0.552.70N/AN/A272,236149,1181,462,786770,700
2023-07-11$20.15$19.0056.4%16.0%45.8%11.1%56.4%9.3%-0.5%19.2M-1.17B-5.2M0.492.50N/AN/A208,216102,1381,530,320822,432
2023-07-12$21.02$19.0052.8%14.9%45.7%5.3%52.5%8.1%-0.8%36.7M-1.50B-5.3M0.492.73N/AN/A464,950228,4881,575,350835,696
2023-07-13$22.16$19.5053.8%15.1%48.4%7.0%54.8%7.7%-1.6%40.1M-1.89B-5.4M0.622.52N/AN/A448,402277,3741,607,778861,568
2023-07-14$21.97$19.5053.0%15.0%48.6%5.6%52.4%6.9%-1.1%53.9M-1.78B-5.4M0.482.57N/AN/A539,270259,1401,645,510903,368
2023-07-17$22.66$20.0052.9%15.0%46.7%5.4%54.9%6.1%1.1%25.8M-1.72B-5.5M0.712.78N/AN/A274,902195,7341,501,378791,412
2023-07-18$23.30$20.0052.6%15.0%46.8%5.0%53.9%5.8%0.8%34.7M-1.96B-5.6M0.632.74N/AN/A355,642223,7601,584,492851,900
2023-07-19$23.15$20.5053.6%15.4%46.7%6.5%54.1%5.6%0.2%29.5M-1.89B-5.7M0.612.63N/AN/A297,948181,8161,593,112895,342
2023-07-20$21.53$20.5054.4%15.6%51.6%7.8%54.8%7.1%0.3%11.8M-1.24B-5.5M0.533.40N/AN/A453,304241,6241,630,142924,860
2023-07-21$21.35$20.5054.6%15.0%51.2%8.1%54.0%6.0%12.2%8.7M-1.17B-5.3M0.565.96N/AN/A337,636190,4601,724,104952,510
2023-07-24$21.36$20.5053.7%15.3%50.3%6.7%53.6%6.9%-0.7%14.7M-1.18B-5.5M0.482.25N/AN/A203,41498,1341,504,144782,334
2023-07-25$21.95$20.5053.6%15.2%48.4%6.5%54.6%6.2%-0.4%22.9M-1.40B-5.7M0.522.63N/AN/A172,22889,6781,566,960829,162
2023-07-26$21.67$20.5051.4%14.4%46.7%3.0%51.2%6.7%-0.1%21.8M-1.29B-5.4M0.602.47N/AN/A216,530130,9921,602,422851,396
2023-07-27$21.29$21.0054.5%15.3%47.3%8.0%54.3%8.6%-0.6%12.6M-1.14B-5.4M0.623.13N/AN/A444,916275,8001,642,940903,150
2023-07-28$22.57$21.0050.8%14.0%50.8%2.1%50.4%6.7%0.8%61.8M-1.70B-5.6M0.662.09N/AN/A395,922259,4721,685,544937,766
2023-07-31$22.49$21.0052.3%14.5%47.7%4.4%52.0%7.7%-0.8%20.5M-1.46B-5.5M0.642.08N/AN/A184,274118,5981,506,002798,580