TQQQ Options History — December 2023

In December 2023, TQQQ traded between $21.33 and $25.79. ATM implied volatility averaged 43.9%, placing in the 4.5% IV rank vs the trailing year. The 30-day expected move averaged 12.5%. IV traded above realized volatility by 9.1% (HV 20d: 34.8%). Max pain ranged from $13.50 to $19.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 0.63.

Notable Days

  • 2023-12-13: Highest Volume — 752,422 contracts
  • 2023-12-08: Largest IV drop — 6.6% change
  • 2023-12-26: Highest IV Rank — 10.7%
  • 2023-12-07: Largest Expected Move — 13.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.92$21.33$25.79$22.08$25.38
Max Pain$16.00$13.50$19.00$19.00$18.75
ATM IV43.9%40.9%46.7%44.6%43.4%
Expected Move12.5%11.5%13.6%13.3%11.5%
HV 20d34.8%28.9%43.0%42.0%31.1%
HV 60d50.5%47.0%53.3%52.9%47.0%
IV Rank4.5%0.0%10.7%2.3%5.7%
IV Percentile2.6%0.0%7.1%1.6%2.4%
Term Structure1.1%-0.7%2.7%0.4%2.6%
VWIV44.9%41.4%48.7%48.7%41.4%
Skew 25d6.4%5.1%7.5%6.2%6.3%
Skew 10d13.9%9.7%20.3%13.0%13.4%
Call IV 25d41.6%39.0%44.2%42.2%40.4%
Put IV 25d48.0%44.8%51.2%48.5%46.7%
Bid-Ask Spread %4.362.387.423.274.35
Gamma HHI0.130.080.490.130.09
Net GEX41.4M22.9M83.2M41.2M24.3M
Net DEX-1.78B-2.58B-1.25B-1.66B-1.55B
Net VEX-4.5M-4.9M-4.3M-4.6M-4.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.430.890.720.65
Total Volume490,526.6244,794752,422585,764486,460
Total OI2,627,338.22,257,9223,019,9982,833,8842,440,390

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$22.08$19.0044.6%13.3%42.0%2.3%48.7%6.2%0.4%41.2M-1.66B-4.6M0.723.27N/AN/A341,516244,2481,896,000937,884
2023-12-04$21.42$13.5046.2%13.5%43.0%6.0%48.1%7.3%1.1%29.1M-1.28B-4.5M0.893.86N/AN/A304,684272,4121,779,320813,404
2023-12-05$21.55$13.5046.5%13.6%43.0%6.7%46.6%7.5%1.0%29.7M-1.35B-4.5M0.452.92N/AN/A263,736118,1461,830,520930,324
2023-12-06$21.33$13.5046.4%13.6%41.4%6.4%46.6%6.6%1.2%27.0M-1.25B-4.5M0.555.40N/AN/A239,820131,2821,863,782953,722
2023-12-07$22.14$14.0046.7%13.6%42.9%7.0%48.0%7.0%1.0%45.7M-1.67B-4.5M0.573.26N/AN/A277,406157,1841,897,774971,854
2023-12-08$22.45$14.0043.6%12.7%41.1%0.0%46.1%6.3%1.3%83.2M-1.80B-4.4M0.573.48N/AN/A417,494239,1761,903,062982,182
2023-12-11$22.98$14.0044.5%12.7%35.3%2.1%46.1%6.2%-0.3%38.9M-1.81B-4.4M0.723.72N/AN/A289,348208,3661,780,012837,636
2023-12-12$23.48$14.0041.7%11.9%35.5%0.0%43.3%5.9%-0.1%48.1M-2.05B-4.3M0.593.71N/AN/A279,784164,0561,857,342895,864
2023-12-13$24.30$14.5041.7%11.8%31.0%0.0%43.4%5.5%-0.6%55.4M-2.41B-4.4M0.525.23N/AN/A493,702258,7201,889,252912,896
2023-12-14$24.28$14.5041.2%11.7%31.0%0.0%42.0%5.1%-0.7%58.3M-2.41B-4.5M0.533.83N/AN/A479,582254,1141,941,460966,146
2023-12-15$24.65$15.0040.9%11.8%31.1%0.0%42.3%5.8%0.5%68.8M-2.58B-4.6M0.504.59N/AN/A405,300202,8182,025,452994,546
2023-12-18$25.20$15.0041.9%12.0%31.3%2.2%42.8%6.0%2.1%42.1M-2.10B-4.5M0.505.41N/AN/A354,768178,6521,672,314717,184
2023-12-19$25.40$15.0041.7%12.0%28.9%1.9%42.6%5.5%2.1%42.4M-2.14B-4.6M0.434.83N/AN/A293,776126,8361,723,120783,586
2023-12-20$24.48$18.5043.6%12.5%31.1%6.2%44.3%6.0%2.0%22.9M-1.29B-4.7M0.627.42N/AN/A347,384216,9681,580,974810,372
2023-12-21$25.05$18.5045.6%13.0%31.5%10.7%47.0%7.0%1.6%34.9M-1.53B-4.9M0.523.99N/AN/A276,300144,5381,625,696845,040
2023-12-22$25.16$18.5045.0%12.7%31.1%9.3%45.5%6.3%2.0%33.4M-1.58B-4.8M0.805.76N/AN/A284,650227,6081,613,330868,452
2023-12-26$25.68$18.7545.6%12.6%31.4%10.7%46.3%7.1%0.9%34.2M-1.69B-4.6M0.815.57N/AN/A183,680148,6921,514,604743,318
2023-12-27$25.63$18.7544.1%12.1%31.5%7.3%43.9%6.8%1.9%31.5M-1.67B-4.5M0.754.20N/AN/A144,220108,3121,543,542811,234
2023-12-28$25.79$18.7543.5%11.8%31.3%5.9%43.3%6.6%2.7%36.5M-1.73B-4.5M0.852.38N/AN/A132,636112,1581,564,254828,920
2023-12-29$25.38$18.7543.4%11.5%31.1%5.7%41.4%6.3%2.6%24.3M-1.55B-4.4M0.654.35N/AN/A294,452192,0081,587,648852,742