SQQQ Options History — May 2021

In May 2021, SQQQ traded between $1378.75 and $1622.50. ATM implied volatility averaged 68.2%, placing in the 50.0% IV rank vs the trailing year. The 30-day expected move averaged 19.6%. IV traded above realized volatility by 12.6% (HV 20d: 55.6%). Max pain ranged from $1250.00 to $1375.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 0.24.

Notable Days

  • 2021-05-12: Highest Volume — 1,873 contracts
  • 2021-05-12: Largest IV spike — 20.6% change
  • 2021-05-12: Highest IV Rank — 69.7%
  • 2021-05-12: Largest Expected Move — 25.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1468.56$1378.75$1622.50$1383.75$1378.75
Max Pain$1325.00$1250.00$1375.00$1250.00$1312.50
ATM IV68.2%55.5%91.3%62.1%55.5%
Expected Move19.6%15.1%25.8%17.6%15.1%
HV 20d55.6%39.3%65.0%39.3%64.4%
HV 60d67.0%63.0%70.1%63.8%63.0%
IV Rank50.0%39.1%69.7%44.8%39.1%
IV Percentile17.4%1.6%68.7%4.4%1.6%
Term Structure0.6%-3.4%3.1%0.9%1.3%
VWIV71.5%54.9%91.0%64.9%54.9%
Skew 25d-23.8%-32.6%-18.3%-22.0%-18.3%
Skew 10d-40.6%-63.0%-5.9%-37.6%-35.3%
Call IV 25d83.2%67.4%110.7%76.7%67.4%
Put IV 25d59.3%49.1%79.1%54.7%49.1%
Bid-Ask Spread %3.421.949.132.671.94
Gamma HHI0.180.130.340.180.34
Net GEX4.7M2.6M6.8M4.3M6.8M
Net DEX-127.9M-236.5M-66.8M-100.2M-80.3M
Net VEX-657.4K-768.5K-598.4K-620.5K-598.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.240.120.330.170.20
Total Volume977.85281,873569644
Total OI4,114.053,5304,6543,5304,583

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-05-03$1383.75$1250.0062.1%17.6%39.3%44.8%64.9%-22.0%0.9%4.3M-100.2M-620.5K0.172.67N/AN/A487822,683847
2021-05-04$1480.00$1250.0073.1%21.2%46.5%54.1%73.7%-24.0%0.1%4.5M-154.7M-667.4K0.243.13N/AN/A1,2793082,746887
2021-05-05$1466.25$1312.5068.6%19.3%46.5%50.3%73.1%-26.3%-0.0%4.3M-139.2M-673.5K0.312.70N/AN/A6141912,8421,057
2021-05-06$1460.00$1250.0065.8%20.6%45.5%47.9%75.9%-26.2%0.6%5.1M-141.1M-658.7K0.296.75N/AN/A7032072,9471,059
2021-05-07$1398.75$1250.0057.7%17.7%47.8%41.0%68.7%-20.9%3.1%3.6M-91.2M-610.2K0.319.13N/AN/A7182193,0171,098
2021-05-10$1496.25$1250.0069.3%20.3%53.4%50.9%72.1%-25.2%1.2%4.6M-149.5M-661.8K0.242.63N/AN/A8171992,732910
2021-05-11$1517.50$1250.0075.7%21.8%51.5%56.3%82.3%-28.8%0.0%4.6M-165.3M-695.5K0.243.30N/AN/A1,2302952,8461,016
2021-05-12$1622.50$1250.0091.3%25.8%54.7%69.7%91.0%-31.6%-1.4%4.9M-236.5M-768.5K0.303.84N/AN/A1,4464273,0771,150
2021-05-13$1571.25$1375.0078.8%23.4%52.5%59.0%81.9%-32.6%3.0%5.4M-191.3M-733.3K0.313.57N/AN/A1,0153103,1661,301
2021-05-14$1487.50$1375.0068.9%19.9%57.0%50.6%74.3%-24.5%0.9%5.3M-118.0M-692.5K0.332.89N/AN/A8502773,2891,365
2021-05-17$1523.75$1375.0070.8%20.4%56.6%52.2%74.3%-18.6%0.5%4.8M-137.3M-662.1K0.172.75N/AN/A6291062,9441,080
2021-05-18$1523.75$1375.0069.4%19.9%56.5%51.0%68.3%-18.5%1.8%5.0M-134.4M-654.5K0.162.65N/AN/A462723,0151,109
2021-05-19$1563.75$1375.0080.2%23.0%56.0%60.2%77.9%-25.7%-2.2%5.9M-178.0M-696.5K0.306.30N/AN/A8982663,0931,120
2021-05-20$1446.25$1375.0070.3%20.3%62.9%51.8%71.9%-23.4%-3.4%3.2M-90.2M-630.7K0.332.04N/AN/A8932963,0821,168
2021-05-21$1477.50$1375.0068.9%19.7%61.1%50.6%69.6%-18.7%1.0%3.1M-110.9M-622.7K0.222.14N/AN/A7681663,3941,179
2021-05-24$1393.75$1375.0059.8%16.7%64.9%42.8%66.2%-23.8%1.7%2.6M-66.8M-602.7K0.182.83N/AN/A7951412,687950
2021-05-25$1398.75$1375.0061.8%17.3%64.9%44.5%65.7%-24.4%1.3%4.8M-92.4M-648.4K0.142.17N/AN/A463653,1501,003
2021-05-26$1386.25$1375.0059.3%16.6%65.0%42.4%61.3%-22.2%1.1%5.5M-89.3M-630.7K0.122.81N/AN/A491603,2971,010
2021-05-27$1395.00$1375.0057.2%15.8%64.9%40.6%60.9%-20.9%1.1%6.3M-91.5M-619.2K0.182.10N/AN/A5651023,3561,026
2021-05-28$1378.75$1312.5055.5%15.1%64.4%39.1%54.9%-18.3%1.3%6.8M-80.3M-598.4K0.201.94N/AN/A5381063,5461,037