TQQQ Options History — March 2025

In March 2025, TQQQ traded between $28.55 and $36.05. ATM implied volatility averaged 71.1%, placing in the 50.2% IV rank vs the trailing year. The 30-day expected move averaged 21.8%. IV traded below realized volatility by 4.6% (HV 20d: 75.8%). Max pain ranged from $30.00 to $40.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.53.

Notable Days

2025-03-07: Highest Volume — 1,093,398 contracts
2025-03-10: Largest IV spike — 18.6% change
2025-03-10: Highest IV Rank — 77.8%
2025-03-10: Largest Expected Move — 31.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$31.60	$28.55	$36.05	$34.45	$28.63
Max Pain	$34.63	$30.00	$40.00	$40.00	$31.00
ATM IV	71.1%	57.2%	89.1%	73.8%	68.8%
Expected Move	21.8%	16.5%	31.5%	23.5%	19.7%
HV 20d	75.8%	53.4%	90.9%	53.4%	89.2%
HV 60d	65.6%	59.1%	69.9%	59.3%	69.8%
IV Rank	50.2%	28.8%	77.8%	54.3%	46.6%
IV Percentile	90.1%	63.5%	99.6%	98.0%	91.3%
Term Structure	-1.3%	-13.9%	7.2%	1.4%	4.5%
VWIV	73.3%	57.5%	103.9%	75.8%	67.9%
Skew 25d	17.4%	11.6%	32.4%	17.3%	32.4%
Skew 10d	36.2%	11.2%	64.4%	58.4%	34.8%
Call IV 25d	61.0%	48.0%	74.9%	67.8%	48.0%
Put IV 25d	78.5%	64.9%	93.8%	85.2%	80.4%
Bid-Ask Spread %	10.87	3.13	40.35	7.60	13.41
Gamma HHI	0.06	0.03	0.21	0.04	0.03
Net GEX	12.3M	-7.8M	38.3M	-371.0K	5.1M
Net DEX	6.4M	-734.8M	546.1M	236.3M	79.5M
Net VEX	-6.7M	-7.4M	-5.8M	-6.5M	-6.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.53	0.39	0.71	0.54	0.55
Total Volume	652,062.476	309,556	1,093,398	657,254	576,406
Total OI	1,901,340.19	1,564,778	2,217,324	1,564,778	1,623,838

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-03-03	$34.45	$40.00	73.8%	23.5%	53.4%	54.3%	75.8%	17.3%	1.4%	-371.0K	236.3M	-6.5M	0.54	7.60	N/A	N/A	427,666	229,588	932,788	631,990
2025-03-04	$35.28	$39.50	67.4%	22.6%	54.5%	44.5%	77.5%	18.7%	7.2%	3.9M	75.1M	-7.0M	0.49	9.40	N/A	N/A	484,466	239,056	1,037,496	685,452
2025-03-05	$36.05	$39.00	69.5%	22.3%	53.8%	47.8%	75.7%	11.6%	-1.8%	17.2M	-224.5M	-7.3M	0.52	10.54	N/A	N/A	399,290	208,448	1,141,136	734,230
2025-03-06	$32.85	$39.00	78.6%	26.1%	61.4%	61.7%	85.4%	13.6%	-0.7%	-3.7M	467.9M	-6.6M	0.39	12.07	N/A	N/A	570,720	223,404	1,191,268	773,964
2025-03-07	$33.48	$38.00	75.1%	24.0%	61.6%	56.3%	80.3%	17.0%	-3.0%	-7.8M	300.5M	-6.8M	0.46	9.19	N/A	N/A	746,456	346,942	1,293,932	798,974
2025-03-10	$29.66	$37.50	89.1%	31.5%	72.7%	77.8%	103.9%	18.6%	-4.5%	-1.3M	546.1M	-5.8M	0.45	4.83	N/A	N/A	645,420	293,316	1,060,012	667,292
2025-03-11	$30.11	$37.00	87.9%	29.9%	71.1%	75.9%	99.7%	20.2%	-0.0%	6.2M	334.5M	-6.6M	0.50	12.82	N/A	N/A	516,328	256,168	1,264,202	760,332
2025-03-12	$30.55	$35.50	82.0%	27.0%	71.9%	66.8%	90.2%	11.8%	-5.7%	11.2M	205.4M	-6.6M	0.45	8.03	N/A	N/A	422,280	190,626	1,345,332	774,420
2025-03-13	$28.71	$35.00	84.8%	28.1%	73.4%	71.1%	94.3%	19.5%	-3.2%	-994.5K	508.7M	-6.0M	0.48	6.42	N/A	N/A	521,300	251,584	1,395,658	775,172
2025-03-14	$30.75	$33.00	70.7%	23.0%	77.2%	49.5%	79.4%	22.5%	-1.6%	34.1M	-120.6M	-6.7M	0.61	5.57	N/A	N/A	479,314	293,760	1,458,666	758,658
2025-03-17	$31.95	$35.00	68.0%	18.3%	78.8%	45.4%	61.6%	16.7%	-13.9%	19.0M	-268.9M	-7.0M	0.52	13.70	N/A	N/A	315,084	164,332	1,234,318	645,628
2025-03-18	$29.92	$35.00	72.2%	19.1%	80.5%	51.9%	61.8%	17.0%	-2.7%	10.0M	136.7M	-6.4M	0.42	14.31	N/A	N/A	346,406	144,438	1,307,118	677,680
2025-03-19	$31.48	$34.50	64.1%	18.0%	83.9%	39.4%	59.4%	17.0%	-1.7%	24.6M	-291.2M	-6.8M	0.71	20.74	N/A	N/A	323,216	230,350	1,345,710	678,416
2025-03-20	$30.85	$0.00	64.5%	17.7%	83.9%	40.0%	60.2%	16.1%	-1.0%	23.0M	-186.6M	-6.6M	0.61	40.35	N/A	N/A	347,226	213,434	1,406,200	713,754
2025-03-21	$30.65	$30.00	64.6%	18.3%	82.3%	40.2%	63.5%	15.7%	-2.5%	27.8M	-192.2M	-6.4M	0.56	3.13	N/A	N/A	421,458	234,554	1,445,850	720,518
2025-03-24	$33.08	$30.00	58.8%	16.9%	88.4%	31.4%	58.4%	15.6%	0.9%	27.8M	-640.0M	-7.2M	0.56	8.71	N/A	N/A	353,720	197,538	1,016,682	548,190
2025-03-25	$33.55	$30.00	57.2%	16.5%	87.5%	28.8%	57.5%	15.5%	1.9%	38.3M	-734.8M	-7.4M	0.56	8.62	N/A	N/A	198,566	110,990	1,103,616	591,160
2025-03-26	$31.61	$30.00	62.7%	17.8%	89.2%	37.3%	59.3%	18.5%	-1.1%	15.4M	-223.8M	-6.9M	0.62	4.81	N/A	N/A	288,202	179,880	1,117,836	612,426
2025-03-27	$31.51	$31.50	62.0%	17.6%	85.3%	36.3%	61.7%	12.4%	1.7%	12.0M	-240.7M	-6.9M	0.48	8.46	N/A	N/A	319,908	153,808	1,163,898	638,144
2025-03-28	$28.55	$32.00	71.9%	20.1%	90.9%	51.4%	66.0%	18.6%	-0.9%	-2.2M	366.8M	-5.9M	0.68	5.52	N/A	N/A	493,080	334,584	1,200,102	656,086
2025-03-31	$28.63	$31.00	68.8%	19.7%	89.2%	46.6%	67.9%	32.4%	4.5%	5.1M	79.5M	-6.1M	0.55	13.41	N/A	N/A	372,946	203,460	1,042,168	581,670