SQQQ Options History — November 2023

In November 2023, SQQQ traded between $391.50 and $513.00. ATM implied volatility averaged 50.0%, placing in the 4.3% IV rank vs the trailing year. The 30-day expected move averaged 14.3%. IV traded below realized volatility by 8.8% (HV 20d: 58.8%). Max pain ranged from $400.00 to $475.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.17.

Notable Days

  • 2023-11-10: Highest Volume — 15,814 contracts
  • 2023-11-09: Largest IV spike — 7.1% change
  • 2023-11-01: Highest IV Rank — 20.6%
  • 2023-11-01: Largest Expected Move — 17.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$427.48$391.50$513.00$513.00$405.00
Max Pain$419.05$400.00$475.00$475.00$400.00
ATM IV50.0%46.7%58.5%58.5%46.9%
Expected Move14.3%12.7%17.2%17.2%13.4%
HV 20d58.8%46.4%67.3%59.9%46.4%
HV 60d54.5%52.2%57.0%53.7%52.2%
IV Rank4.3%0.0%20.6%20.6%0.5%
IV Percentile4.1%0.0%32.5%32.5%0.4%
Term Structure1.3%-1.7%5.2%1.0%-1.0%
VWIV53.8%47.4%63.6%63.6%49.0%
Skew 25d-10.8%-14.9%-8.4%-14.9%-9.7%
Skew 10d-22.5%-29.8%-17.8%-29.8%-21.6%
Call IV 25d57.0%51.1%68.2%68.2%53.2%
Put IV 25d46.2%42.1%53.3%53.3%43.5%
Bid-Ask Spread %5.891.6015.212.4514.64
Gamma HHI0.160.100.620.110.23
Net GEX13.3M6.9M32.5M10.0M19.3M
Net DEX-120.9M-298.3M-16.9M-259.5M-193.4M
Net VEX-1.3M-1.5M-1.1M-1.4M-1.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.170.090.530.150.17
Total Volume8,020.812,82115,8147,4767,511
Total OI39,259.61931,95546,22931,95541,346

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$513.00$475.0058.5%17.2%59.9%20.6%63.6%-14.9%1.0%10.0M-259.5M-1.4M0.152.45N/AN/A6,47799923,9528,003
2023-11-02$488.00$425.0054.5%16.8%62.4%11.8%62.1%-13.8%1.3%7.8M-151.9M-1.3M0.172.22N/AN/A9,9461,66526,3448,177
2023-11-03$469.75$425.0052.7%15.9%60.9%8.1%58.7%-12.9%1.6%7.9M-100.3M-1.3M0.1510.63N/AN/A11,4841,76229,6868,494
2023-11-06$467.75$425.0051.8%15.8%60.9%6.0%59.0%-13.5%2.9%15.3M-198.3M-1.4M0.131.94N/AN/A5,32567127,1357,105
2023-11-07$449.50$425.0051.4%15.2%62.0%5.2%57.3%-12.6%1.4%11.5M-127.5M-1.3M0.112.09N/AN/A10,3481,12229,1527,426
2023-11-08$451.00$425.0050.1%14.8%61.8%2.3%54.0%-12.0%1.6%16.1M-168.3M-1.4M0.162.07N/AN/A4,93676730,3667,777
2023-11-09$463.75$425.0053.6%16.0%62.6%10.0%59.8%-13.1%2.5%26.7M-298.3M-1.5M0.132.17N/AN/A8,1631,02632,1977,708
2023-11-10$431.75$425.0050.4%14.4%65.4%3.0%56.1%-11.2%-0.6%8.5M-73.0M-1.3M0.131.83N/AN/A13,9501,86432,2457,964
2023-11-13$434.25$425.0051.4%14.7%64.0%5.8%57.7%-11.0%4.4%14.1M-153.7M-1.3M0.201.97N/AN/A4,76995430,6247,346
2023-11-14$405.75$425.0048.6%14.0%67.3%0.0%54.5%-9.7%3.8%6.9M-20.1M-1.1M0.161.84N/AN/A9,0351,43531,5327,561
2023-11-15$406.75$425.0047.7%13.7%65.0%0.0%52.2%-10.3%4.8%12.2M-81.0M-1.2M0.131.60N/AN/A7,55296935,2567,768
2023-11-16$406.75$425.0047.7%13.4%63.7%0.0%50.6%-9.9%5.2%14.8M-108.0M-1.2M0.531.78N/AN/A4,9062,60336,8417,776
2023-11-17$408.00$425.0048.4%13.3%61.4%1.7%49.3%-8.4%4.8%9.5M-71.4M-1.2M0.3411.29N/AN/A4,4811,50737,3138,916
2023-11-20$391.50$425.0049.1%13.4%62.3%3.5%51.9%-8.7%-1.4%7.2M-16.9M-1.1M0.132.04N/AN/A7,10492428,9778,134
2023-11-21$400.50$400.0050.3%13.7%63.4%6.4%51.4%-9.3%-1.4%13.2M-114.6M-1.2M0.0912.52N/AN/A7,15364332,1208,352
2023-11-22$394.75$400.0049.0%13.1%54.5%3.2%48.5%-10.1%-1.1%14.7M-67.3M-1.2M0.146.87N/AN/A6,18788534,3128,493
2023-11-24$398.25$400.0047.2%12.7%48.0%0.0%47.4%-9.0%-1.7%32.5M-96.3M-1.2M0.2315.21N/AN/A2,29053135,8818,537
2023-11-27$396.50$400.0047.4%13.1%48.1%0.4%49.6%-8.9%-0.5%9.0M-66.1M-1.1M0.126.77N/AN/A4,23051428,5648,006
2023-11-28$397.25$400.0046.7%12.9%47.5%0.0%49.9%-8.9%0.1%11.0M-84.3M-1.1M0.1014.84N/AN/A4,93047129,8108,227
2023-11-29$397.25$400.0047.4%13.3%47.7%1.5%48.2%-8.8%-0.8%11.6M-89.5M-1.1M0.166.99N/AN/A5,48786130,6348,395
2023-11-30$405.00$400.0046.9%13.4%46.4%0.5%49.0%-9.7%-1.0%19.3M-193.4M-1.2M0.1714.64N/AN/A6,4311,08032,8048,542