TQQQ Options History — November 2023

In November 2023, TQQQ traded between $17.28 and $22.40. ATM implied volatility averaged 48.3%, placing in the 5.5% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded below realized volatility by 10.2% (HV 20d: 58.5%). Max pain ranged from $17.50 to $18.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.66.

Notable Days

  • 2023-11-10: Highest Volume — 717,700 contracts
  • 2023-11-02: Largest IV drop — 7.4% change
  • 2023-11-01: Highest IV Rank — 22.6%
  • 2023-11-01: Largest Expected Move — 16.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.71$17.28$22.40$17.28$21.70
Max Pain$18.00$17.50$18.50$17.50$18.50
ATM IV48.3%43.7%57.0%57.0%45.0%
Expected Move14.1%12.4%16.9%16.9%13.4%
HV 20d58.5%44.1%67.2%60.6%44.1%
HV 60d55.2%52.9%57.6%54.7%52.9%
IV Rank5.5%0.0%22.6%22.6%3.1%
IV Percentile4.2%0.0%32.5%32.5%1.6%
Term Structure0.5%-1.1%1.9%1.0%0.2%
VWIV50.7%44.9%60.0%60.0%48.0%
Skew 25d8.7%6.7%13.3%13.3%7.8%
Skew 10d17.4%13.6%25.6%25.6%17.1%
Call IV 25d44.4%40.2%50.3%50.3%41.9%
Put IV 25d53.2%48.0%63.6%63.6%49.8%
Bid-Ask Spread %2.811.678.142.032.94
Gamma HHI0.130.070.450.070.10
Net GEX39.1M17.0M81.2M30.7M17.0M
Net DEX-1.54B-1.98B-789.2M-789.2M-1.36B
Net VEX-4.6M-4.8M-4.2M-4.2M-4.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.461.040.570.46
Total Volume438,099.143214,832717,700457,382566,878
Total OI2,791,643.812,518,7823,055,6062,841,4422,736,152

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$17.28$17.5057.0%16.9%60.6%22.6%60.0%13.3%1.0%30.7M-789.2M-4.2M0.572.03N/AN/A291,208166,1742,001,362840,080
2023-11-02$18.14$17.5052.8%16.0%63.2%13.5%56.4%11.3%0.6%44.5M-1.19B-4.4M0.581.76N/AN/A350,320201,5042,054,622861,260
2023-11-03$18.83$17.5051.1%15.1%61.9%9.9%54.2%10.5%1.2%39.5M-1.49B-4.5M0.603.15N/AN/A426,794254,3662,087,948895,406
2023-11-06$18.89$17.5050.7%15.0%61.9%9.0%52.9%10.9%1.3%30.2M-1.10B-4.5M0.891.77N/AN/A219,566196,4741,872,648753,226
2023-11-07$19.66$17.5049.7%14.8%63.1%6.8%54.8%10.2%1.9%35.9M-1.37B-4.6M0.801.97N/AN/A262,518209,1681,905,470839,500
2023-11-08$19.60$17.5049.4%14.5%62.8%6.1%52.4%9.4%1.4%37.2M-1.33B-4.6M1.041.79N/AN/A146,126151,3061,944,504873,450
2023-11-09$19.07$17.5052.4%15.3%63.5%12.7%54.0%10.2%1.1%25.8M-1.08B-4.4M0.671.70N/AN/A238,680160,5261,960,810897,656
2023-11-10$20.39$17.5048.7%14.2%65.8%4.6%52.2%8.7%1.5%65.1M-1.72B-4.6M0.721.88N/AN/A418,018299,6821,991,636920,244
2023-11-13$20.29$17.5050.7%14.6%64.5%10.4%53.0%8.4%0.8%34.1M-1.44B-4.6M0.921.79N/AN/A209,708193,2361,863,288800,862
2023-11-14$21.58$18.0048.5%14.0%67.2%4.9%50.6%7.2%0.2%41.2M-1.98B-4.6M0.561.75N/AN/A404,502225,1761,912,678885,114
2023-11-15$21.55$18.0047.6%13.6%64.7%2.6%49.2%7.0%0.9%45.5M-1.97B-4.8M0.531.67N/AN/A332,344175,0181,985,572938,468
2023-11-16$21.57$18.0047.4%13.6%63.5%2.2%50.7%7.2%0.7%45.6M-1.95B-4.7M0.771.82N/AN/A181,300139,2702,010,932979,228
2023-11-17$21.52$18.5047.1%13.4%61.1%1.3%48.8%6.7%0.6%81.2M-1.95B-4.7M0.514.30N/AN/A303,782155,4362,042,6001,013,006
2023-11-20$22.40$18.5046.5%13.3%62.0%0.0%48.6%7.2%-0.5%35.2M-1.85B-4.7M0.688.14N/AN/A286,058195,7941,772,588789,606
2023-11-21$21.89$18.5047.7%13.5%63.0%3.0%48.5%7.7%-1.1%30.9M-1.64B-4.7M0.724.42N/AN/A165,232118,9181,835,408868,956
2023-11-22$22.22$18.5045.3%12.8%53.0%0.0%46.4%8.5%-0.3%42.6M-1.80B-4.6M0.583.41N/AN/A232,774135,7821,872,694911,836
2023-11-24$22.03$18.5043.9%12.4%45.7%0.0%45.2%7.7%-0.5%54.2M-1.72B-4.5M0.553.03N/AN/A138,42876,4041,904,996948,426
2023-11-27$22.14$18.5044.3%12.8%45.8%0.9%46.2%7.8%-0.2%29.5M-1.58B-4.4M0.743.50N/AN/A188,582138,8481,726,398792,384
2023-11-28$22.10$18.5043.7%12.7%45.0%0.0%44.9%7.9%0.1%26.0M-1.54B-4.5M0.513.09N/AN/A183,45494,3961,772,836863,914
2023-11-29$22.10$18.5044.6%13.2%45.3%2.2%46.7%7.4%0.2%29.0M-1.57B-4.5M0.483.05N/AN/A247,768118,5641,813,168883,588
2023-11-30$21.70$18.5045.0%13.4%44.1%3.1%48.0%7.8%0.2%17.0M-1.36B-4.5M0.462.94N/AN/A389,602177,2761,831,062905,090