SQQQ Options History — December 2023

In December 2023, SQQQ traded between $330.75 and $412.00. ATM implied volatility averaged 45.4%, placing in the 4.3% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded above realized volatility by 10.7% (HV 20d: 34.8%). Max pain ranged from $350.00 to $425.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.16.

Notable Days

  • 2023-12-20: Highest Volume — 16,057 contracts
  • 2023-12-08: Largest IV drop — 9.4% change
  • 2023-12-26: Highest IV Rank — 11.8%
  • 2023-12-07: Largest Expected Move — 14.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$364.80$330.75$412.00$398.25$336.50
Max Pain$385.00$350.00$425.00$400.00$350.00
ATM IV45.4%41.9%49.3%46.9%44.8%
Expected Move12.8%11.7%14.3%13.5%12.0%
HV 20d34.8%28.1%45.2%44.2%28.1%
HV 60d50.1%46.7%52.5%52.2%46.7%
IV Rank4.3%0.0%11.8%0.4%6.4%
IV Percentile2.3%0.0%6.3%0.4%3.6%
Term Structure0.8%-1.9%2.3%-0.1%2.0%
VWIV49.0%44.7%53.3%48.9%45.4%
Skew 25d-8.8%-9.9%-7.4%-7.6%-8.6%
Skew 10d-18.0%-21.0%-14.3%-16.4%-17.7%
Call IV 25d51.1%48.0%54.4%51.1%50.2%
Put IV 25d42.4%39.7%45.5%43.5%41.6%
Bid-Ask Spread %16.531.4072.987.134.25
Gamma HHI0.220.120.680.680.45
Net GEX12.7M6.6M32.1M32.1M26.8M
Net DEX-68.3M-158.3M39.8M-113.5M-158.3M
Net VEX-1.0M-1.2M-874.1K-1.1M-1.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.160.100.290.180.16
Total Volume8,271.44,54916,0577,3638,285
Total OI41,490.436,12348,44341,93245,439

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$398.25$400.0046.9%13.5%44.2%0.4%48.9%-7.6%-0.1%32.1M-113.5M-1.1M0.187.13N/AN/A6,2311,13233,1238,809
2023-12-04$409.75$400.0049.0%13.7%44.9%5.2%52.3%-9.9%1.6%10.3M-146.7M-1.2M0.1770.33N/AN/A7,6381,29428,3898,269
2023-12-05$407.50$425.0048.9%13.9%44.9%5.0%53.3%-9.1%-0.9%9.8M-124.6M-1.2M0.1672.98N/AN/A5,00079228,8208,664
2023-12-06$412.00$425.0048.2%13.6%43.6%3.5%51.9%-8.8%0.3%12.4M-153.8M-1.2M0.2070.66N/AN/A4,50087929,5528,834
2023-12-07$396.00$425.0049.3%14.3%45.2%5.9%53.0%-8.1%1.6%8.3M-64.8M-1.1M0.158.36N/AN/A6,40996929,7908,841
2023-12-08$391.00$400.0044.7%13.6%43.4%0.0%49.9%-7.8%1.7%6.8M-46.0M-1.1M0.199.22N/AN/A6,3911,24531,2758,986
2023-12-11$381.75$400.0046.6%12.9%37.1%4.2%50.7%-9.8%-1.9%6.6M-16.0M-990.8K0.157.60N/AN/A5,71485027,7568,367
2023-12-12$373.25$400.0043.1%12.5%37.2%0.0%48.6%-9.4%0.1%7.9M1.6M-946.5K0.119.12N/AN/A7,14475530,2948,664
2023-12-13$360.25$400.0043.3%11.9%31.6%0.5%46.7%-8.8%-1.5%7.4M39.8M-874.1K0.129.30N/AN/A10,6281,30033,3818,741
2023-12-14$360.75$400.0042.2%11.7%31.6%0.0%50.5%-8.3%-1.7%12.6M-10.8M-948.1K0.169.59N/AN/A9,5211,56536,3578,565
2023-12-15$355.25$375.0041.9%12.2%31.6%0.0%47.3%-8.1%1.0%7.9M1.7M-901.5K0.1012.61N/AN/A8,67086539,6768,767
2023-12-18$347.25$375.0043.5%12.5%31.9%3.4%47.3%-9.1%2.1%8.9M909.6K-900.4K0.1112.49N/AN/A7,77787329,4967,878
2023-12-19$344.75$375.0043.5%12.5%29.4%3.6%46.1%-7.4%2.3%13.7M-11.3M-921.5K0.199.89N/AN/A7,3751,43533,2188,415
2023-12-20$348.75$375.0044.7%12.8%28.2%6.1%48.3%-8.8%1.5%23.8M-115.8M-1.2M0.293.71N/AN/A12,4233,63436,8299,133
2023-12-21$339.75$375.0045.6%13.0%28.9%8.2%49.8%-9.8%1.8%16.8M-89.6M-1.1M0.143.13N/AN/A8,1111,16737,6228,161
2023-12-22$338.50$350.0046.0%13.0%28.3%8.9%48.8%-8.5%1.7%11.7M-77.4M-1.1M0.203.22N/AN/A6,8331,33838,6328,002
2023-12-26$331.75$350.0047.3%13.1%28.5%11.8%49.4%-9.9%1.1%8.7M-65.8M-1.0M0.173.07N/AN/A3,87367632,3196,992
2023-12-27$332.25$350.0045.1%12.4%28.5%7.1%44.7%-9.2%1.5%10.3M-98.7M-1.0M0.172.63N/AN/A5,37391034,1136,656
2023-12-28$330.75$350.0044.2%11.9%28.4%5.1%46.6%-8.8%2.0%11.8M-117.5M-1.1M0.131.40N/AN/A5,16968436,4636,520
2023-12-29$336.50$350.0044.8%12.0%28.1%6.4%45.4%-8.6%2.0%26.8M-158.3M-1.1M0.164.25N/AN/A7,1721,11338,6466,793