SQQQ Options History — May 2023

In May 2023, SQQQ traded between $563.50 and $769.75. ATM implied volatility averaged 56.7%, placing in the 5.6% IV rank vs the trailing year. The 30-day expected move averaged 16.7%. IV traded above realized volatility by 5.3% (HV 20d: 51.3%). Max pain ranged from $625.00 to $762.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.19.

Notable Days

  • 2023-05-18: Highest Volume — 11,185 contracts
  • 2023-05-05: Largest IV drop — 14.1% change
  • 2023-05-24: Highest IV Rank — 17.3%
  • 2023-05-04: Largest Expected Move — 19.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$676.56$563.50$769.75$724.50$570.50
Max Pain$711.93$625.00$762.50$762.50$625.00
ATM IV56.7%51.0%65.7%55.5%56.4%
Expected Move16.7%14.5%19.7%16.0%17.8%
HV 20d51.3%47.2%55.5%47.2%53.9%
HV 60d54.9%51.3%57.4%57.4%54.7%
IV Rank5.6%0.0%17.3%0.0%7.7%
IV Percentile2.9%0.0%9.9%0.0%5.2%
Term Structure1.8%-1.1%9.3%0.4%9.3%
VWIV63.7%56.2%74.7%59.2%67.4%
Skew 25d-18.4%-22.7%-0.7%-17.5%-0.7%
Skew 10d-35.5%-43.4%-25.0%-32.1%-38.0%
Call IV 25d69.4%64.1%78.6%67.3%70.9%
Put IV 25d51.0%45.3%70.2%49.9%70.2%
Bid-Ask Spread %3.421.7713.832.097.50
Gamma HHI0.100.060.280.060.09
Net GEX12.8M5.8M26.6M7.3M14.0M
Net DEX-197.2M-458.4M-15.2M-194.0M-146.3M
Net VEX-2.1M-2.5M-1.7M-2.2M-1.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.190.090.310.220.15
Total Volume6,740.0453,16111,1855,2685,709
Total OI28,990.40924,75036,94124,75032,243

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$724.50$762.5055.5%16.0%47.2%0.0%59.2%-17.5%0.4%7.3M-194.0M-2.2M0.222.09N/AN/A4,32094818,9785,772
2023-05-02$747.00$762.5060.5%17.5%48.5%6.9%65.0%-20.1%0.8%11.5M-333.2M-2.5M0.172.16N/AN/A6,1291,01120,3105,864
2023-05-03$757.50$762.5060.1%18.0%48.2%6.3%63.9%-22.2%5.4%13.3M-371.3M-2.5M0.2113.83N/AN/A5,0011,02920,7115,936
2023-05-04$769.75$750.0065.7%19.7%48.0%14.1%74.7%-21.5%-0.0%18.7M-458.4M-2.5M0.204.14N/AN/A5,4021,05621,2065,881
2023-05-05$719.00$750.0056.4%17.5%53.3%1.3%68.9%-19.2%1.5%6.3M-161.0M-2.3M0.312.98N/AN/A7,1622,24822,2496,099
2023-05-08$715.50$750.0054.8%17.2%53.1%0.0%64.6%-20.3%5.1%9.5M-221.5M-2.3M0.152.61N/AN/A5,58786320,1045,406
2023-05-09$730.25$750.0056.3%17.2%53.5%2.1%66.2%-20.6%4.0%13.1M-299.4M-2.4M0.203.68N/AN/A3,95180320,7685,688
2023-05-10$703.00$750.0053.3%16.3%53.9%0.0%63.7%-19.1%3.7%8.5M-146.7M-2.2M0.183.10N/AN/A7,0651,24421,0105,952
2023-05-11$701.00$750.0052.2%15.9%50.1%0.0%61.3%-19.6%3.9%11.1M-166.4M-2.2M0.203.03N/AN/A5,5901,11022,4006,022
2023-05-12$710.25$725.0053.1%15.6%50.2%1.1%58.2%-18.5%2.5%23.2M-243.8M-2.2M0.222.78N/AN/A7,9341,70824,1946,032
2023-05-15$699.50$725.0053.3%15.5%50.3%1.4%59.9%-19.4%0.4%10.5M-178.4M-2.1M0.222.26N/AN/A4,08987920,6945,344
2023-05-16$690.50$725.0054.9%15.9%50.4%3.9%58.2%-19.7%-0.1%12.4M-164.1M-2.1M0.132.79N/AN/A5,73174322,0745,576
2023-05-17$669.25$700.0052.2%15.0%51.3%0.0%56.2%-18.5%2.0%12.6M-107.4M-2.0M0.142.61N/AN/A9,2951,31223,9505,793
2023-05-18$635.25$700.0051.0%14.5%51.9%0.0%57.9%-17.2%3.6%8.4M-15.2M-1.8M0.222.36N/AN/A9,1452,04026,7655,931
2023-05-19$639.00$675.0053.9%15.5%52.2%4.2%57.9%-17.9%-1.1%13.3M-87.4M-2.0M0.222.18N/AN/A6,5321,44930,5076,434
2023-05-22$632.75$675.0053.5%14.9%52.0%3.6%59.6%-19.2%-0.1%12.8M-154.2M-1.9M0.091.99N/AN/A5,41150822,6474,678
2023-05-23$653.00$675.0056.5%16.0%49.5%7.9%61.7%-20.2%-0.7%23.2M-293.5M-2.1M0.144.14N/AN/A3,86555725,4504,881
2023-05-24$667.50$675.0063.2%17.2%50.9%17.3%66.1%-22.7%-0.6%26.6M-369.7M-2.2M0.142.62N/AN/A2,77438725,5385,473
2023-05-25$615.25$675.0059.4%17.2%50.2%11.9%70.3%-20.5%-0.9%9.0M-109.1M-1.9M0.192.28N/AN/A2,97955625,2175,100
2023-05-26$570.50$675.0062.7%18.0%55.5%16.7%70.3%-18.7%0.2%5.8M-18.4M-1.7M0.252.39N/AN/A6,4951,61227,2865,251
2023-05-30$563.50$625.0062.1%19.0%55.4%15.8%70.0%-12.2%-0.6%10.8M-98.9M-1.8M0.141.77N/AN/A5,32972325,4654,910
2023-05-31$570.50$625.0056.4%17.8%53.9%7.7%67.4%-0.7%9.3%14.0M-146.3M-1.8M0.157.50N/AN/A4,96774227,0915,152