TQQQ Options History — March 2024

In March 2024, TQQQ traded between $28.92 and $31.61. ATM implied volatility averaged 49.3%, placing in the 22.2% IV rank vs the trailing year. The 30-day expected move averaged 14.0%. IV traded below realized volatility by 7.1% (HV 20d: 56.4%). Max pain ranged from $25.50 to $29.50. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.61.

Notable Days

  • 2024-03-08: Highest Volume — 973,034 contracts
  • 2024-03-05: Largest IV spike — 7.2% change
  • 2024-03-15: Highest IV Rank — 31.6%
  • 2024-03-11: Largest Expected Move — 15.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.52$28.92$31.61$31.61$30.88
Max Pain$28.98$25.50$29.50$25.50$29.00
ATM IV49.3%45.4%53.3%47.1%45.8%
Expected Move14.0%12.5%15.0%13.1%12.6%
HV 20d56.4%48.3%63.1%55.9%48.3%
HV 60d49.9%46.4%51.3%46.4%48.7%
IV Rank22.2%14.6%31.6%14.9%16.1%
IV Percentile29.1%9.5%50.8%17.9%11.9%
Term Structure0.4%-0.9%4.2%-0.3%1.8%
VWIV49.3%43.9%53.4%47.3%45.2%
Skew 25d7.0%5.6%9.3%5.7%6.2%
Skew 10d14.8%12.1%18.8%13.8%12.1%
Call IV 25d46.4%42.8%50.2%45.2%42.8%
Put IV 25d53.5%48.6%58.0%50.9%49.0%
Bid-Ask Spread %5.913.709.085.025.92
Gamma HHI0.120.050.250.160.13
Net GEX33.9M-25.4M66.9M55.1M38.6M
Net DEX-1.38B-2.31B-812.4M-2.31B-1.22B
Net VEX-5.4M-5.6M-5.2M-5.2M-5.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.271.140.680.65
Total Volume576,015.6361,160973,034757,216440,934
Total OI1,877,314.91,557,4962,130,3041,979,1481,804,616

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$31.61$25.5047.1%13.1%55.9%14.9%47.3%5.7%-0.3%55.1M-2.31B-5.2M0.685.02N/AN/A450,696306,5201,130,224848,924
2024-03-04$31.30$29.0048.4%13.8%53.6%17.9%51.3%5.6%-0.1%37.6M-1.75B-5.3M0.527.71N/AN/A408,656214,2841,016,268711,148
2024-03-05$29.26$29.0051.9%14.7%59.2%26.3%50.1%7.5%0.1%16.8M-1.03B-5.4M0.477.11N/AN/A599,878281,1701,256,444792,540
2024-03-06$30.05$29.0050.8%14.5%59.5%23.7%51.1%8.1%0.0%26.0M-1.34B-5.6M0.476.83N/AN/A429,702203,3801,200,800859,916
2024-03-07$31.51$29.0051.4%14.7%60.1%25.2%53.3%6.8%-0.3%53.6M-1.97B-5.6M0.709.08N/AN/A322,090225,0021,173,456887,812
2024-03-08$30.16$29.5052.5%15.0%62.5%27.9%52.6%7.3%-0.4%17.8M-1.26B-5.5M0.887.85N/AN/A518,814454,2201,186,842925,926
2024-03-11$29.77$29.5053.3%15.0%61.7%29.8%53.4%7.7%-0.7%10.0M-1.16B-5.4M0.735.84N/AN/A223,024163,2681,010,958779,532
2024-03-12$30.94$29.5049.6%14.2%63.1%21.0%48.3%7.1%0.0%29.9M-1.59B-5.4M0.425.68N/AN/A441,084185,6821,073,662833,688
2024-03-13$30.20$29.5049.0%14.0%59.9%19.4%47.4%6.6%-0.3%52.3M-1.42B-5.5M0.696.44N/AN/A213,152148,0081,222,926868,974
2024-03-14$29.64$29.5050.7%14.5%58.9%26.1%50.6%7.6%-0.0%31.3M-1.15B-5.3M0.357.83N/AN/A480,938170,2441,247,578882,726
2024-03-15$28.92$29.5052.7%15.0%59.5%31.6%53.4%8.5%-0.6%-25.4M-812.4M-5.2M0.665.95N/AN/A419,972277,4181,176,946911,260
2024-03-18$29.95$29.0052.1%14.9%60.2%30.2%53.0%9.3%0.5%24.5M-1.12B-5.4M0.584.46N/AN/A310,386179,100923,694633,802
2024-03-19$29.84$29.0050.7%14.5%59.1%26.6%51.4%8.6%-0.9%15.7M-1.00B-5.4M1.144.82N/AN/A175,504199,868975,082723,650
2024-03-20$30.73$29.0047.5%13.6%59.3%19.2%48.6%7.2%1.5%43.1M-1.39B-5.3M0.654.98N/AN/A282,642185,038983,872734,828
2024-03-21$31.38$29.0047.0%13.4%49.5%19.2%46.6%5.7%1.0%56.3M-1.71B-5.2M0.744.06N/AN/A322,448238,0821,021,470759,840
2024-03-22$31.36$29.0045.9%13.0%49.3%15.6%43.9%5.8%1.5%55.4M-1.67B-5.3M0.533.70N/AN/A406,530216,8361,075,762800,610
2024-03-25$31.22$29.0047.1%13.2%49.4%19.6%46.0%6.4%1.3%46.7M-1.31B-5.2M0.574.67N/AN/A312,434177,456949,004614,192
2024-03-26$30.82$29.0046.8%13.1%49.7%18.9%47.7%6.4%4.2%66.9M-1.20B-5.4M0.275.05N/AN/A419,096114,7561,151,446695,338
2024-03-27$30.92$29.0045.4%12.5%49.1%14.6%44.5%6.5%0.6%24.9M-1.16B-5.2M0.445.22N/AN/A279,740122,260979,388721,154
2024-03-28$30.88$29.0045.8%12.6%48.3%16.1%45.2%6.2%1.8%38.6M-1.22B-5.3M0.655.92N/AN/A266,556174,3781,060,994743,622