SQQQ Options History — July 2023

In July 2023, SQQQ traded between $414.25 and $488.75. ATM implied volatility averaged 54.5%, placing in the 5.4% IV rank vs the trailing year. The 30-day expected move averaged 15.3%. IV traded above realized volatility by 6.5% (HV 20d: 48.0%). Max pain ranged from $425.00 to $500.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.17.

Notable Days

  • 2023-07-20: Highest Volume — 15,297 contracts
  • 2023-07-06: Largest IV spike — 7.6% change
  • 2023-07-06: Highest IV Rank — 11.3%
  • 2023-07-10: Largest Expected Move — 16.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$449.98$414.25$488.75$471.00$426.50
Max Pain$448.75$425.00$500.00$500.00$425.00
ATM IV54.5%50.2%58.5%54.7%52.9%
Expected Move15.3%14.2%16.8%14.3%14.6%
HV 20d48.0%44.7%52.2%48.9%47.7%
HV 60d50.1%48.9%52.5%50.0%49.7%
IV Rank5.4%0.0%11.3%5.6%4.1%
IV Percentile7.9%0.0%15.9%7.1%3.6%
Term Structure0.1%-1.7%3.4%0.2%-0.8%
VWIV56.9%53.3%59.2%54.6%54.9%
Skew 25d-9.5%-12.3%-4.0%-10.3%-10.2%
Skew 10d-21.9%-39.9%-16.8%-20.2%-21.7%
Call IV 25d61.6%57.6%66.9%61.9%60.4%
Put IV 25d52.1%48.9%55.7%51.6%50.3%
Bid-Ask Spread %4.502.3412.532.622.34
Gamma HHI0.170.090.510.160.14
Net GEX13.7M4.8M32.9M10.0M13.9M
Net DEX-156.3M-344.5M-15.1M-104.3M-187.6M
Net VEX-1.4M-1.5M-1.2M-1.4M-1.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.170.120.260.170.14
Total Volume7,594.152,90715,2972,9073,864
Total OI31,792.9526,83339,40427,63632,001

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$471.00$500.0054.7%14.3%48.9%5.6%54.6%-10.3%0.2%10.0M-104.3M-1.4M0.172.62N/AN/A2,49241522,8824,754
2023-07-05$468.25$500.0054.3%14.2%48.9%5.1%53.3%-9.6%-0.3%10.3M-100.5M-1.4M0.216.20N/AN/A3,87880923,4634,930
2023-07-06$481.75$450.0058.5%16.2%50.4%11.3%59.2%-12.3%0.1%16.5M-187.7M-1.5M0.2112.53N/AN/A7,5651,55424,5855,114
2023-07-07$482.50$450.0056.3%15.8%45.7%8.1%57.4%-9.8%0.1%11.0M-161.2M-1.5M0.177.80N/AN/A6,4881,12724,2215,389
2023-07-10$488.75$475.0058.2%16.8%44.9%11.0%58.8%-12.3%0.4%10.3M-174.9M-1.5M0.238.21N/AN/A4,5601,05721,8944,939
2023-07-11$481.00$475.0057.0%16.1%45.0%9.1%59.0%-12.1%-0.5%10.7M-148.2M-1.5M0.217.98N/AN/A3,13565022,8065,221
2023-07-12$460.75$475.0053.8%14.9%44.7%4.3%56.6%-8.8%-0.5%7.0M-51.5M-1.3M0.173.33N/AN/A7,8951,33223,2325,304
2023-07-13$435.75$475.0054.4%15.2%47.7%5.2%59.2%-10.0%-1.7%4.8M-15.1M-1.2M0.182.79N/AN/A8,6291,57425,4905,299
2023-07-14$439.75$450.0054.0%15.5%48.0%4.5%57.3%-8.2%-0.1%15.5M-83.0M-1.4M0.213.01N/AN/A9,4651,99929,7095,663
2023-07-17$426.25$450.0053.6%15.3%46.2%4.0%57.7%-9.1%0.4%9.2M-64.3M-1.2M0.162.81N/AN/A5,45784826,7875,130
2023-07-18$414.25$450.0054.2%15.5%46.0%4.9%59.0%-8.3%-0.3%8.8M-50.1M-1.2M0.132.69N/AN/A8,4401,07928,7105,078
2023-07-19$417.25$425.0054.7%15.7%46.0%5.6%57.9%-8.0%-0.0%12.8M-86.5M-1.3M0.133.06N/AN/A7,42495431,1895,340
2023-07-20$446.75$425.0055.3%15.8%52.2%6.6%57.1%-10.6%0.5%27.8M-344.5M-1.5M0.123.20N/AN/A13,6061,69133,8485,556
2023-07-21$450.50$425.0053.3%15.2%51.8%3.5%56.0%-9.1%1.2%32.9M-323.5M-1.5M0.153.44N/AN/A7,7361,14932,5285,808
2023-07-24$449.75$425.0054.4%15.4%50.9%5.2%57.2%-9.9%-0.3%12.2M-231.8M-1.5M0.262.87N/AN/A2,72971724,7074,873
2023-07-25$438.00$425.0054.9%15.4%48.8%6.0%57.6%-4.0%3.4%11.8M-179.7M-1.4M0.232.92N/AN/A3,51481625,6635,049
2023-07-26$444.00$425.0052.7%14.8%46.9%2.5%53.5%-9.2%-1.0%16.2M-231.1M-1.5M0.123.51N/AN/A4,44452526,9105,272
2023-07-27$451.50$425.0050.2%15.4%47.5%0.0%57.4%-10.3%1.1%17.1M-269.5M-1.5M0.125.84N/AN/A9,8181,21627,1205,327
2023-07-28$425.25$425.0051.7%14.3%51.1%2.2%53.4%-8.7%0.3%14.5M-131.7M-1.4M0.152.91N/AN/A9,7571,47528,5125,556
2023-07-31$426.50$425.0052.9%14.6%47.7%4.1%54.9%-10.2%-0.8%13.9M-187.6M-1.5M0.142.34N/AN/A3,39047427,2784,723