SQQQ Options History — March 2023

In March 2023, SQQQ traded between $740.75 and $1036.75. ATM implied volatility averaged 75.1%, placing in the 14.6% IV rank vs the trailing year. The 30-day expected move averaged 21.2%. IV traded above realized volatility by 11.8% (HV 20d: 63.3%). Max pain ranged from $825.00 to $1000.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 13 of 23 days. Put/call ratio averaged 0.18.

Notable Days

  • 2023-03-10: Highest Volume — 15,851 contracts
  • 2023-03-09: Largest IV spike — 11.4% change
  • 2023-03-13: Highest IV Rank — 31.0%
  • 2023-03-17: Largest Expected Move — 23.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$886.91$740.75$1036.75$999.50$740.75
Max Pain$919.02$825.00$1000.00$975.00$825.00
ATM IV75.1%66.8%85.2%78.1%66.8%
Expected Move21.2%17.9%23.4%22.6%17.9%
HV 20d63.3%58.1%73.6%73.6%61.2%
HV 60d69.5%65.4%72.2%71.2%66.4%
IV Rank14.6%1.2%31.0%19.5%1.2%
IV Percentile16.3%0.4%44.4%20.2%0.4%
Term Structure0.3%-3.1%3.3%-1.6%2.4%
VWIV79.3%68.9%90.2%79.3%68.9%
Skew 25d-18.9%-25.2%-13.2%-15.0%-15.6%
Skew 10d-34.2%-49.3%-19.2%-20.8%-29.6%
Call IV 25d86.8%75.5%98.8%86.4%75.5%
Put IV 25d68.0%59.9%77.7%71.4%59.9%
Bid-Ask Spread %6.663.0216.374.903.02
Gamma HHI0.100.050.180.100.06
Net GEX17.7M2.7M32.4M18.8M6.8M
Net DEX-379.5M-1.03B-73.6M-583.7M-87.4M
Net VEX-2.8M-3.2M-2.3M-2.9M-2.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.180.130.230.160.23
Total Volume9,254.7834,86815,8518,15711,577
Total OI28,332.34823,69933,19626,50331,268

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$999.50$975.0078.1%22.6%73.6%19.5%79.3%-15.0%-1.6%18.8M-583.7M-2.9M0.164.90N/AN/A7,0511,10619,4407,063
2023-03-02$973.75$1000.0076.5%22.2%64.7%16.9%78.6%-14.0%-1.9%18.4M-470.2M-2.9M0.224.57N/AN/A6,2311,35120,5937,306
2023-03-03$919.50$1000.0071.4%20.7%62.7%8.7%75.4%-15.4%-1.7%2.7M-198.8M-2.7M0.213.58N/AN/A11,0782,27921,8117,750
2023-03-06$913.00$950.0070.7%20.2%61.9%7.6%73.5%-13.9%0.4%16.3M-300.0M-2.8M0.185.23N/AN/A5,8781,06920,2346,688
2023-03-07$948.00$925.0072.1%20.5%62.7%9.8%74.2%-13.2%-0.1%23.3M-532.9M-3.0M0.144.71N/AN/A6,70592922,0327,027
2023-03-08$934.00$925.0071.1%20.1%58.1%8.2%74.0%-14.5%1.4%22.1M-435.3M-2.9M0.166.95N/AN/A4,19167721,9677,078
2023-03-09$987.50$925.0079.2%21.9%58.9%21.3%78.0%-15.0%0.7%25.6M-755.0M-3.1M0.238.04N/AN/A8,0851,82722,2656,880
2023-03-10$1036.75$925.0082.6%23.3%60.3%26.8%83.4%-16.9%-0.8%31.7M-1.03B-3.2M0.197.64N/AN/A13,3282,52322,2157,355
2023-03-13$987.50$950.0085.2%23.4%63.2%31.0%87.4%-20.2%-3.1%14.3M-586.7M-3.0M0.2310.39N/AN/A6,1161,41419,0816,285
2023-03-14$955.50$950.0078.2%22.0%61.7%19.7%83.2%-19.6%-2.4%14.6M-464.3M-2.9M0.218.76N/AN/A6,5411,40420,4006,865
2023-03-15$932.50$950.0082.8%23.0%61.5%27.2%90.2%-24.5%-2.2%13.7M-415.0M-3.0M0.138.13N/AN/A6,98989821,6057,287
2023-03-16$850.75$950.0074.8%21.2%70.3%14.2%82.1%-22.8%-0.8%5.5M-73.6M-2.6M0.179.27N/AN/A11,2971,87422,0217,296
2023-03-17$864.75$925.0082.0%23.4%68.8%25.8%87.5%-25.2%0.1%14.8M-182.9M-2.7M0.157.05N/AN/A12,0601,81825,3937,803
2023-03-20$857.75$925.0078.5%22.5%67.7%20.2%84.2%-25.1%0.2%12.9M-321.8M-2.7M0.175.10N/AN/A4,20673018,4585,241
2023-03-21$815.25$925.0072.6%20.7%65.6%10.6%77.9%-21.1%1.9%13.4M-186.1M-2.5M0.185.10N/AN/A8,7701,54820,7175,558
2023-03-22$822.00$900.0073.3%21.0%65.4%11.8%83.2%-19.4%-0.5%21.1M-274.1M-2.6M0.2016.37N/AN/A7,7551,54922,9916,286
2023-03-23$816.75$900.0076.1%21.7%64.2%16.3%82.2%-23.9%2.9%28.2M-314.0M-2.7M0.1312.01N/AN/A13,4151,70124,7636,464
2023-03-24$811.25$875.0074.4%21.3%58.7%13.5%86.1%-22.0%0.6%32.4M-268.7M-2.7M0.196.80N/AN/A7,5531,40526,1126,720
2023-03-27$822.25$875.0071.8%20.4%58.9%9.3%78.0%-20.3%3.2%18.0M-346.8M-2.6M0.204.34N/AN/A4,23484520,0774,983
2023-03-28$846.00$862.5072.2%20.2%60.3%10.0%73.1%-20.5%2.8%24.3M-473.8M-2.7M0.154.06N/AN/A5,12678921,0094,975
2023-03-29$790.75$850.0068.6%18.8%62.5%4.2%72.0%-18.0%2.1%16.0M-237.8M-2.4M0.183.19N/AN/A5,9571,09621,1554,994
2023-03-30$773.25$850.0067.6%18.5%62.4%2.5%70.5%-17.9%3.3%12.5M-192.9M-2.4M0.153.95N/AN/A8,6301,25522,6955,438
2023-03-31$740.75$825.0066.8%17.9%61.2%1.2%68.9%-15.6%2.4%6.8M-87.4M-2.3M0.233.02N/AN/A9,4242,15325,5045,764