SQQQ Options History — February 2021

In February 2021, SQQQ traded between $1503.75 and $1826.25. ATM implied volatility averaged 77.7%, placing in the 27.4% IV rank vs the trailing year. The 30-day expected move averaged 22.2%. IV traded above realized volatility by 12.8% (HV 20d: 64.9%). Max pain ranged from $1562.50 to $2000.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 0.18.

Notable Days

  • 2021-02-23: Highest Volume — 2,737 contracts
  • 2021-02-25: Largest IV spike — 29.4% change
  • 2021-02-25: Highest IV Rank — 39.8%
  • 2021-02-25: Largest Expected Move — 29.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1605.20$1503.75$1826.25$1691.25$1746.25
Max Pain$1871.71$1562.50$2000.00$1625.00$1875.00
ATM IV77.7%64.9%108.4%90.3%93.8%
Expected Move22.2%19.5%29.7%24.7%26.4%
HV 20d64.9%56.6%73.3%73.3%62.8%
HV 60d52.1%49.3%60.7%60.7%55.4%
IV Rank27.4%22.3%39.8%32.5%33.9%
IV Percentile25.3%4.0%79.4%50.4%55.2%
Term Structure1.0%-3.9%4.4%1.4%-3.9%
VWIV87.8%78.1%113.5%101.8%103.9%
Skew 25d-32.2%-44.1%-22.3%-44.1%-37.9%
Skew 10d-58.4%-79.0%-35.0%-79.0%-71.0%
Call IV 25d99.2%80.8%133.0%121.1%116.7%
Put IV 25d67.0%56.2%93.9%77.0%78.8%
Bid-Ask Spread %4.392.5320.462.843.30
Gamma HHI0.220.090.710.090.22
Net GEX6.2M2.1M19.8M2.1M6.7M
Net DEX-81.4M-257.2M-15.1M-55.1M-198.2M
Net VEX-635.7K-842.5K-540.0K-598.1K-840.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.180.120.290.200.20
Total Volume1,274.5265772,7371,1792,366
Total OI4,256.5793,0265,2833,0265,283

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-02-01$1691.25$1625.0090.3%24.7%73.3%32.5%101.8%-44.1%1.4%2.1M-55.1M-598.1K0.202.84N/AN/A9811982,119907
2021-02-02$1611.25$1625.0079.1%21.1%73.1%28.0%88.5%-34.6%2.0%2.2M-27.3M-579.6K0.152.53N/AN/A8011232,468987
2021-02-03$1621.25$1562.5075.7%19.6%73.2%26.6%81.7%-30.0%2.7%3.1M-36.6M-589.7K0.162.95N/AN/A6381002,8351,006
2021-02-04$1595.00$2000.0071.9%22.2%71.5%25.1%89.9%-26.5%2.2%3.9M-26.7M-568.7K0.153.08N/AN/A541823,0741,027
2021-02-05$1568.75$2000.0066.9%21.6%67.3%23.1%83.7%-22.3%3.4%4.3M-15.1M-551.0K0.143.31N/AN/A7591033,3791,031
2021-02-08$1545.00$2000.0068.4%19.7%66.7%23.7%81.2%-27.4%-0.3%3.5M-29.3M-555.2K0.143.40N/AN/A505722,887888
2021-02-09$1525.00$2000.0065.4%19.8%64.3%22.5%85.9%-27.5%3.4%3.6M-19.1M-540.0K0.132.77N/AN/A538693,095920
2021-02-10$1553.75$2000.0071.7%20.5%65.0%25.0%83.3%-30.3%0.3%5.2M-47.0M-580.1K0.123.35N/AN/A1,0921353,282930
2021-02-11$1527.50$2000.0068.2%20.3%64.9%23.6%79.3%-30.4%3.3%5.3M-41.3M-578.3K0.277.69N/AN/A1,2543393,473953
2021-02-12$1503.75$1875.0064.9%19.5%64.4%22.3%80.2%-26.5%4.4%19.8M-43.0M-568.5K0.1420.46N/AN/A8281193,819986
2021-02-16$1506.25$1875.0075.9%21.9%62.7%26.7%84.2%-34.5%2.9%5.3M-58.1M-578.0K0.153.06N/AN/A7231063,416897
2021-02-17$1527.50$1875.0072.1%20.7%62.0%25.2%80.9%-33.5%3.0%7.3M-74.4M-612.9K0.152.56N/AN/A1,1441683,651925
2021-02-18$1540.00$1875.0071.4%20.2%56.6%24.9%80.8%-32.3%2.2%7.0M-82.9M-637.9K0.173.74N/AN/A1,0821893,741985
2021-02-19$1566.25$1875.0076.1%22.1%56.8%26.8%78.1%-31.6%-3.8%18.8M-102.3M-641.3K0.272.99N/AN/A7812103,8861,027
2021-02-22$1681.25$1875.0085.6%24.3%62.5%30.6%86.4%-37.3%0.7%3.9M-144.0M-713.0K0.296.11N/AN/A1,0613032,802875
2021-02-23$1690.00$1875.0087.6%24.4%62.3%31.4%93.6%-31.8%-2.8%4.6M-150.8M-741.0K0.202.73N/AN/A2,2844533,041991
2021-02-24$1672.50$1875.0083.7%23.6%62.2%29.8%90.5%-34.2%0.3%5.3M-138.8M-762.2K0.242.97N/AN/A1,0992623,4661,118
2021-02-25$1826.25$1875.00108.4%29.7%62.0%39.8%113.5%-39.1%-3.1%6.4M-257.2M-842.5K0.203.56N/AN/A2,2554533,5461,159
2021-02-26$1746.25$1875.0093.8%26.4%62.8%33.9%103.9%-37.9%-3.9%6.7M-198.2M-840.4K0.203.30N/AN/A1,9723943,9631,320