SQQQ Options History — January 2023

In January 2023, SQQQ traded between $960.50 and $1418.00. ATM implied volatility averaged 76.1%, placing in the 10.4% IV rank vs the trailing year. The 30-day expected move averaged 22.3%. IV traded above realized volatility by 5.8% (HV 20d: 70.4%). Max pain ranged from $1050.00 to $1250.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.30.

Notable Days

  • 2023-01-27: Highest Volume — 9,008 contracts
  • 2023-01-12: Largest IV drop — 9.8% change
  • 2023-01-03: Highest IV Rank — 23.8%
  • 2023-01-05: Largest Expected Move — 24.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1168.95$960.50$1418.00$1381.25$997.25
Max Pain$1168.13$1050.00$1250.00$1250.00$1050.00
ATM IV76.1%68.5%87.1%86.8%74.2%
Expected Move22.3%20.0%24.8%24.8%23.8%
HV 20d70.4%62.0%79.0%71.9%62.6%
HV 60d90.6%86.5%96.2%96.2%86.5%
IV Rank10.4%1.6%23.8%23.8%10.2%
IV Percentile12.8%1.2%38.9%38.5%8.7%
Term Structure-0.6%-2.2%2.0%-0.8%1.1%
VWIV81.1%74.6%87.2%86.2%87.2%
Skew 25d-13.0%-16.1%-8.9%-9.9%-14.6%
Skew 10d-24.6%-42.4%-13.3%-15.9%-25.7%
Call IV 25d83.9%75.6%92.5%92.5%84.0%
Put IV 25d70.9%62.0%82.6%82.6%69.4%
Bid-Ask Spread %3.752.449.454.572.74
Gamma HHI0.070.040.200.050.06
Net GEX8.3M-589.8K19.3M9.4M9.6M
Net DEX-238.1M-833.0M111.1M-641.6M-135.7M
Net VEX-2.6M-3.0M-2.2M-3.0M-2.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.300.170.550.350.19
Total Volume5,7623,1409,0084,2934,093
Total OI21,80617,69424,91019,29121,239

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$1381.25$1250.0086.8%24.8%71.9%23.8%86.2%-9.9%-0.8%9.4M-641.6M-3.0M0.354.57N/AN/A3,1811,11212,2157,076
2023-01-04$1390.25$1250.0087.1%24.6%70.5%23.5%84.8%-9.1%-1.7%12.2M-710.7M-3.0M0.349.45N/AN/A2,69791913,4717,455
2023-01-05$1418.00$1125.0086.8%24.8%69.1%23.2%86.0%-8.9%-1.9%15.4M-833.0M-3.0M0.468.35N/AN/A2,4211,11514,1447,672
2023-01-06$1296.00$1150.0080.4%23.2%77.6%12.1%83.4%-9.6%-1.7%6.0M-375.3M-2.8M0.554.18N/AN/A5,4913,01414,5907,957
2023-01-09$1273.75$1175.0082.5%23.9%76.7%13.9%86.9%-12.3%1.7%6.2M-365.0M-2.9M0.373.21N/AN/A4,2651,57613,1827,596
2023-01-10$1261.75$1225.0080.9%23.1%76.9%12.5%82.1%-11.2%0.1%7.5M-357.9M-3.0M0.342.92N/AN/A2,34979114,2008,039
2023-01-11$1198.75$1225.0081.0%23.3%79.0%12.6%84.5%-13.0%0.1%4.8M-161.7M-2.8M0.342.45N/AN/A3,1121,06014,5828,249
2023-01-12$1179.75$1225.0073.0%21.3%76.9%5.6%77.6%-12.1%2.0%-589.8K-48.6M-2.6M0.263.22N/AN/A5,8841,55615,1258,712
2023-01-13$1147.25$1200.0068.5%20.0%76.9%1.6%74.6%-13.6%1.1%2.8M12.0M-2.5M0.392.45N/AN/A4,0471,55916,4468,464
2023-01-17$1143.00$1200.0071.9%20.7%68.2%4.5%74.8%-15.9%-2.1%8.4M-103.8M-2.4M0.292.45N/AN/A2,71278413,8306,884
2023-01-18$1177.75$1200.0073.7%21.1%69.0%11.3%77.5%-16.1%-1.5%13.8M-253.3M-2.6M0.283.42N/AN/A4,7581,34514,6886,971
2023-01-19$1210.25$1175.0072.4%20.8%66.2%7.2%75.7%-14.5%-0.6%19.3M-410.2M-2.7M0.202.44N/AN/A5,6401,15015,6757,219
2023-01-20$1127.75$1175.0070.9%20.5%70.3%4.7%77.0%-14.7%-1.8%13.7M-83.4M-2.5M0.302.44N/AN/A5,3481,59516,3127,532
2023-01-23$1051.50$1175.0071.1%21.1%73.0%5.1%80.4%-14.8%-0.4%3.3M-20.6M-2.3M0.233.32N/AN/A6,1811,41712,1365,558
2023-01-24$1063.75$1150.0072.5%21.5%65.5%7.5%79.0%-14.0%-1.3%8.8M-112.9M-2.5M0.184.08N/AN/A3,28958214,4696,002
2023-01-25$1066.75$1125.0071.1%21.1%65.7%5.1%78.4%-14.3%-1.5%10.5M-127.9M-2.5M0.363.45N/AN/A6,0172,13915,1876,268
2023-01-26$1010.25$1125.0071.1%21.6%65.4%5.1%80.0%-13.7%-2.2%2.1M39.1M-2.3M0.243.08N/AN/A6,0851,48615,7576,533
2023-01-27$960.50$1100.0070.5%21.5%62.0%4.2%80.1%-12.8%-1.2%4.1M111.1M-2.2M0.234.14N/AN/A7,3291,67917,6856,668
2023-01-30$1023.50$1062.5076.1%24.0%64.0%13.5%85.9%-15.6%-0.3%9.5M-182.0M-2.5M0.172.64N/AN/A4,67578714,6785,654
2023-01-31$997.25$1050.0074.2%23.8%62.6%10.2%87.2%-14.6%1.1%9.6M-135.7M-2.4M0.192.74N/AN/A3,43865515,4235,816