TQQQ Options History — September 2023

In September 2023, TQQQ traded between $17.18 and $21.33. ATM implied volatility averaged 54.6%, placing in the 11.3% IV rank vs the trailing year. The 30-day expected move averaged 15.6%. IV traded above realized volatility by 2.0% (HV 20d: 52.6%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 0.59.

Notable Days

  • 2023-09-15: Highest Volume — 813,556 contracts
  • 2023-09-21: Largest IV spike — 10.7% change
  • 2023-09-26: Highest IV Rank — 29.9%
  • 2023-09-26: Largest Expected Move — 19.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.42$17.18$21.33$21.08$17.78
Max Pain$19.27$17.50$20.00$17.50$18.50
ATM IV54.6%46.5%66.0%50.0%59.6%
Expected Move15.6%13.3%19.0%13.3%17.2%
HV 20d52.6%43.8%56.3%53.3%44.5%
HV 60d50.5%50.0%51.0%50.7%50.4%
IV Rank11.3%0.0%29.9%2.7%20.0%
IV Percentile18.7%0.0%47.6%1.6%40.1%
Term Structure0.3%-1.0%1.5%0.4%1.5%
VWIV54.3%46.6%61.5%46.6%57.8%
Skew 25d12.2%9.0%15.1%9.0%14.1%
Skew 10d23.8%19.2%29.0%19.2%25.2%
Call IV 25d48.9%42.4%57.5%45.9%52.6%
Put IV 25d61.0%52.1%72.6%54.9%66.7%
Bid-Ask Spread %2.031.522.961.522.96
Gamma HHI0.070.040.150.150.11
Net GEX17.9M-5.1M48.8M42.5M21.3M
Net DEX-866.0M-1.72B-192.3M-1.72B-521.9M
Net VEX-4.8M-5.4M-4.3M-5.4M-4.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.400.850.750.58
Total Volume489,379.5336,102813,556580,484577,070
Total OI2,689,365.12,329,7063,009,5803,009,5802,727,216

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$21.08$17.5050.0%13.3%53.3%2.7%46.6%9.0%0.4%42.5M-1.72B-5.4M0.751.52N/AN/A332,492247,9921,978,6281,030,952
2023-09-05$21.33$19.5051.5%14.7%53.1%5.0%55.4%10.6%0.6%31.8M-1.57B-5.3M0.731.98N/AN/A215,510157,6581,769,186863,022
2023-09-06$20.58$20.0053.1%15.4%54.2%7.6%53.7%11.8%0.1%21.4M-1.23B-5.2M0.842.07N/AN/A227,318191,8641,828,058932,626
2023-09-07$20.23$19.5053.0%15.4%53.6%7.4%52.7%12.4%0.1%14.6M-1.06B-5.1M0.612.13N/AN/A267,664163,5001,853,498960,098
2023-09-08$20.16$19.5051.6%15.1%53.6%5.3%54.1%11.9%0.4%17.2M-1.07B-5.0M0.622.00N/AN/A316,142195,8741,891,500983,852
2023-09-11$20.99$19.5050.0%14.4%54.9%2.6%55.8%11.2%0.0%32.0M-1.41B-5.0M0.742.07N/AN/A245,398180,4841,761,694875,148
2023-09-12$20.28$19.5051.9%14.6%55.7%5.6%50.3%11.5%-0.8%26.0M-1.11B-5.0M0.672.39N/AN/A200,840135,2621,848,038950,402
2023-09-13$20.45$20.0049.3%14.2%54.3%1.6%50.1%10.3%0.1%32.9M-1.19B-4.9M0.542.69N/AN/A277,594151,0681,904,940986,796
2023-09-14$21.01$20.0046.5%13.4%54.2%0.0%47.6%9.7%0.1%48.8M-1.52B-5.0M0.852.27N/AN/A281,908239,5021,938,7041,003,862
2023-09-15$19.82$20.0050.2%14.3%56.2%5.6%51.0%11.1%-0.2%6.8M-832.1M-4.8M0.552.20N/AN/A524,392289,1641,976,3101,028,944
2023-09-18$19.84$19.5051.2%14.7%56.2%7.2%52.4%11.1%1.2%13.1M-757.0M-4.8M0.541.79N/AN/A267,936144,2321,584,826744,880
2023-09-19$19.80$19.5051.4%14.7%54.4%7.5%51.4%11.4%1.0%13.3M-740.6M-4.9M0.401.90N/AN/A311,214123,1701,645,770806,808
2023-09-20$19.00$19.5053.8%15.4%56.3%11.1%52.6%11.2%0.9%3.5M-463.2M-4.7M0.522.02N/AN/A295,370152,1461,683,492855,046
2023-09-21$17.96$19.5059.5%17.0%55.8%20.0%58.4%13.5%0.4%-5.1M-192.3M-4.4M0.491.95N/AN/A403,840198,6061,773,350856,566
2023-09-22$17.95$19.0058.3%16.7%50.7%18.1%58.1%13.8%0.9%-1.2M-315.1M-4.5M0.541.74N/AN/A394,020213,8421,852,560844,290
2023-09-25$17.93$19.0060.4%17.3%49.8%21.3%57.7%14.5%0.1%6.8M-440.6M-4.5M0.511.67N/AN/A228,718117,4101,588,704764,966
2023-09-26$17.18$19.0066.0%19.0%51.2%29.9%61.5%15.1%-1.0%4.3M-284.2M-4.3M0.461.70N/AN/A308,786142,4301,677,380798,544
2023-09-27$17.23$18.5064.8%18.7%43.8%28.1%60.3%14.5%-1.0%9.4M-354.9M-4.4M0.401.80N/AN/A414,060167,6341,754,426815,070
2023-09-28$17.77$18.5059.7%17.2%45.4%20.1%59.2%14.4%1.3%18.1M-536.5M-4.5M0.441.84N/AN/A336,234149,2461,810,762836,388
2023-09-29$17.78$18.5059.6%17.2%44.5%20.0%57.8%14.1%1.5%21.3M-521.9M-4.5M0.582.96N/AN/A365,138211,9321,866,826860,390