SQQQ Options History — December 2022

In December 2022, SQQQ traded between $1025.00 and $1455.00. ATM implied volatility averaged 80.5%, placing in the 22.4% IV rank vs the trailing year. The 30-day expected move averaged 23.3%. IV traded below realized volatility by 6.1% (HV 20d: 86.6%). Max pain ranged from $1125.00 to $1250.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.42.

Notable Days

2022-12-22: Highest Volume — 8,336 contracts
2022-12-13: Largest IV drop — 10.8% change
2022-12-12: Highest IV Rank — 29.6%
2022-12-12: Largest Expected Move — 24.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$1226.81	$1025.00	$1455.00	$1025.00	$1370.00
Max Pain	$1230.95	$1125.00	$1250.00	$1125.00	$1250.00
ATM IV	80.5%	73.3%	89.5%	75.3%	82.7%
Expected Move	23.3%	21.5%	24.8%	24.5%	23.4%
HV 20d	86.6%	68.6%	113.4%	111.4%	72.0%
HV 60d	98.3%	96.3%	102.8%	102.7%	96.4%
IV Rank	22.4%	17.0%	29.6%	18.5%	20.4%
IV Percentile	24.1%	12.3%	44.0%	15.1%	26.6%
Term Structure	1.4%	-3.7%	4.7%	0.4%	4.3%
VWIV	82.4%	75.7%	88.3%	88.3%	80.3%
Skew 25d	-11.2%	-12.8%	-10.0%	-12.2%	-10.4%
Skew 10d	-19.3%	-25.2%	-11.4%	-25.2%	-16.3%
Call IV 25d	86.9%	78.6%	96.7%	83.2%	86.3%
Put IV 25d	75.7%	68.4%	86.7%	71.0%	75.9%
Bid-Ask Spread %	7.66	2.24	28.96	3.85	3.96
Gamma HHI	0.10	0.05	0.32	0.06	0.26
Net GEX	13.7M	4.0M	34.0M	4.0M	19.5M
Net DEX	-464.2M	-889.3M	11.3M	11.3M	-710.0M
Net VEX	-2.8M	-3.1M	-2.4M	-2.4M	-3.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.42	0.29	0.62	0.29	0.39
Total Volume	5,739.333	3,219	8,336	7,120	5,508
Total OI	23,830.714	20,401	27,664	24,548	23,286

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
2022-12-01	$1025.00	$1125.00	75.3%	24.5%	111.4%	18.5%	88.3%	-12.2%	0.4%	4.0M	11.3M	-2.4M	0.29	3.85	N/A	N/A	5,537	1,583	17,011	7,537
2022-12-02	$1050.75	$1125.00	73.3%	23.7%	108.6%	17.0%	84.8%	-10.3%	0.5%	12.7M	-56.7M	-2.5M	0.38	2.35	N/A	N/A	5,225	1,972	18,518	7,975
2022-12-05	$1107.00	$1250.00	77.8%	22.7%	111.4%	20.5%	82.4%	-12.5%	3.4%	9.8M	-231.9M	-2.7M	0.30	2.24	N/A	N/A	4,548	1,370	14,991	7,200
2022-12-06	$1164.00	$1250.00	81.8%	24.0%	113.3%	23.6%	86.0%	-12.8%	3.1%	13.2M	-435.4M	-2.9M	0.30	3.89	N/A	N/A	4,380	1,328	15,880	7,770
2022-12-07	$1182.75	$1250.00	84.1%	24.4%	113.4%	25.4%	87.5%	-12.4%	3.3%	14.7M	-499.5M	-2.9M	0.48	4.81	N/A	N/A	3,080	1,493	16,300	8,114
2022-12-08	$1143.75	$1250.00	82.2%	23.9%	109.5%	23.9%	85.5%	-10.5%	4.6%	13.5M	-330.4M	-2.8M	0.48	3.01	N/A	N/A	3,058	1,463	16,789	8,381
2022-12-09	$1153.50	$1250.00	83.6%	24.0%	73.1%	25.0%	84.9%	-10.6%	3.8%	17.7M	-366.8M	-2.8M	0.36	5.83	N/A	N/A	3,491	1,274	17,629	8,815
2022-12-12	$1131.75	$1250.00	89.5%	24.8%	68.6%	29.6%	87.1%	-10.0%	-3.7%	9.2M	-262.4M	-2.7M	0.51	3.50	N/A	N/A	2,134	1,085	15,266	7,515
2022-12-13	$1076.25	$1250.00	79.8%	22.5%	70.7%	22.0%	81.8%	-10.1%	-2.2%	7.8M	-88.4M	-2.5M	0.34	13.71	N/A	N/A	5,912	2,001	15,925	7,956
2022-12-14	$1113.25	$1200.00	75.7%	21.9%	71.0%	18.9%	77.6%	-10.2%	0.9%	12.5M	-199.7M	-2.6M	0.34	14.48	N/A	N/A	5,165	1,773	16,977	8,381
2022-12-15	$1225.75	$1200.00	80.8%	22.6%	77.5%	22.8%	79.8%	-11.8%	-1.9%	22.1M	-682.9M	-2.9M	0.41	8.93	N/A	N/A	5,629	2,282	17,903	8,729
2022-12-16	$1245.25	$1225.00	78.6%	22.3%	77.5%	21.1%	79.3%	-11.6%	-1.2%	34.0M	-744.6M	-2.8M	0.40	9.08	N/A	N/A	5,896	2,362	18,080	9,584
2022-12-19	$1319.25	$1225.00	81.1%	23.1%	79.6%	23.0%	80.2%	-12.8%	1.1%	9.1M	-660.2M	-2.9M	0.35	11.82	N/A	N/A	3,337	1,161	13,080	7,561
2022-12-20	$1306.75	$1250.00	79.7%	22.8%	79.2%	22.0%	80.1%	-11.6%	0.7%	11.3M	-643.1M	-2.9M	0.48	12.15	N/A	N/A	3,085	1,489	13,904	8,203
2022-12-21	$1258.25	$1250.00	75.1%	21.5%	79.1%	18.4%	75.7%	-10.2%	0.7%	9.3M	-422.0M	-2.9M	0.62	28.96	N/A	N/A	2,598	1,620	14,311	8,702
2022-12-22	$1363.75	$1250.00	82.0%	23.5%	82.3%	23.7%	81.9%	-10.9%	0.4%	16.8M	-738.8M	-3.0M	0.57	6.23	N/A	N/A	5,324	3,012	13,938	9,233
2022-12-23	$1346.00	$1250.00	78.2%	22.3%	82.8%	20.8%	79.6%	-11.2%	1.1%	19.1M	-631.9M	-3.1M	0.50	9.54	N/A	N/A	4,238	2,108	14,230	9,872
2022-12-27	$1388.25	$1250.00	82.9%	23.7%	81.8%	24.5%	82.4%	-11.0%	3.3%	10.1M	-673.4M	-3.0M	0.54	3.17	N/A	N/A	2,666	1,446	12,505	7,896
2022-12-28	$1455.00	$1250.00	85.5%	24.4%	82.8%	26.5%	84.9%	-10.3%	2.7%	12.3M	-889.3M	-3.1M	0.32	6.48	N/A	N/A	3,431	1,082	13,203	8,657
2022-12-29	$1336.75	$1250.00	80.7%	23.1%	73.4%	22.8%	81.0%	-11.1%	4.7%	8.4M	-491.5M	-3.0M	0.45	2.80	N/A	N/A	3,027	1,353	13,777	8,861
2022-12-30	$1370.00	$1250.00	82.7%	23.4%	72.0%	20.4%	80.3%	-10.4%	4.3%	19.5M	-710.0M	-3.0M	0.39	3.96	N/A	N/A	3,967	1,541	14,460	8,826