SQQQ Options History — January 2024

In January 2024, SQQQ traded between $297.00 and $371.50. ATM implied volatility averaged 48.2%, placing in the 14.2% IV rank vs the trailing year. The 30-day expected move averaged 13.9%. IV traded above realized volatility by 6.6% (HV 20d: 41.5%). Max pain ranged from $287.50 to $350.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.17.

Notable Days

  • 2024-01-02: Highest Volume — 10,633 contracts
  • 2024-01-16: Largest IV spike — 12.8% change
  • 2024-01-17: Highest IV Rank — 23.1%
  • 2024-01-17: Largest Expected Move — 14.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$330.06$297.00$371.50$357.25$318.75
Max Pain$316.67$287.50$350.00$350.00$287.50
ATM IV48.2%44.9%51.9%50.1%49.6%
Expected Move13.9%12.6%14.9%13.4%14.7%
HV 20d41.5%36.1%46.7%37.1%45.7%
HV 60d45.7%40.8%49.3%48.5%41.9%
IV Rank14.2%6.8%23.1%18.1%17.7%
IV Percentile11.1%4.0%21.4%13.1%19.0%
Term Structure0.3%-2.7%2.2%1.1%0.8%
VWIV51.2%47.9%54.2%47.9%54.2%
Skew 25d-9.8%-13.9%-7.8%-10.6%-9.1%
Skew 10d-19.8%-25.7%-16.8%-21.9%-20.0%
Call IV 25d55.3%52.5%60.9%57.5%57.2%
Put IV 25d45.5%42.3%48.1%46.9%48.1%
Bid-Ask Spread %8.723.2037.154.4010.27
Gamma HHI0.190.130.610.160.14
Net GEX11.9M5.1M39.6M15.8M11.8M
Net DEX-147.4M-291.9M-34.2M-264.1M-214.3M
Net VEX-1.0M-1.3M-868.5K-1.2M-1.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.170.120.220.140.22
Total Volume7,163.0954,00810,63310,6337,968
Total OI38,495.04831,06744,81439,52436,091

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$357.25$350.0050.1%13.4%37.1%18.1%47.9%-10.6%1.1%15.8M-264.1M-1.2M0.144.40N/AN/A9,2921,34133,2566,268
2024-01-03$364.25$350.0049.9%13.2%36.1%17.7%48.7%-9.7%0.5%16.5M-276.3M-1.3M0.163.20N/AN/A6,8281,06332,6916,712
2024-01-04$368.25$325.0049.0%14.8%36.6%15.6%51.0%-10.3%0.6%17.3M-288.6M-1.2M0.176.00N/AN/A4,40873232,9227,293
2024-01-05$371.50$325.0048.7%14.3%36.5%15.1%50.1%-10.2%0.1%20.5M-291.9M-1.2M0.146.32N/AN/A7,9721,11633,3457,548
2024-01-08$348.75$325.0047.9%14.0%40.2%13.4%51.5%-10.1%0.7%7.9M-122.2M-997.0K0.226.23N/AN/A5,3461,16029,3186,821
2024-01-09$347.00$325.0047.1%13.7%40.2%12.1%49.3%-9.9%0.6%8.9M-132.4M-1.1M0.166.78N/AN/A4,37269531,3307,193
2024-01-10$339.75$325.0046.5%13.9%40.0%10.5%50.2%-9.4%2.2%9.8M-117.5M-1.0M0.207.59N/AN/A4,82495532,9817,254
2024-01-11$338.50$325.0046.1%13.7%39.5%9.5%48.5%-9.0%2.0%12.7M-130.6M-1.0M0.128.13N/AN/A8,1891,01834,7367,216
2024-01-12$337.00$325.0044.9%12.6%37.8%6.8%48.7%-10.8%-1.9%39.6M-133.9M-1.0M0.136.93N/AN/A6,96793237,4447,370
2024-01-16$338.75$325.0050.6%14.6%37.9%20.1%51.8%-11.9%-2.7%10.4M-144.3M-1.1M0.1637.15N/AN/A5,08582333,7826,901
2024-01-17$344.75$325.0051.9%14.9%38.3%23.1%53.5%-13.9%-0.8%12.3M-180.2M-1.1M0.175.79N/AN/A7,1271,22234,2077,011
2024-01-18$329.00$325.0048.8%14.0%40.9%15.8%53.7%-12.1%-1.1%8.0M-92.1M-943.9K0.188.88N/AN/A6,5701,20334,3467,148
2024-01-19$309.75$325.0047.2%13.5%45.8%12.2%52.5%-9.6%0.6%5.1M-34.2M-868.5K0.208.28N/AN/A7,7971,59736,7557,248
2024-01-22$308.50$300.0048.1%14.1%45.3%14.3%50.8%-8.1%0.4%6.4M-69.7M-925.9K0.226.54N/AN/A5,0041,09124,8806,187
2024-01-23$305.75$300.0045.1%13.0%44.7%7.3%52.9%-9.2%0.5%7.1M-73.6M-884.2K0.158.47N/AN/A3,48752126,5566,452
2024-01-24$298.25$300.0046.5%13.6%45.3%10.6%51.4%-8.8%0.3%6.5M-60.3M-882.7K0.2111.60N/AN/A7,3671,53427,7096,513
2024-01-25$301.00$300.0047.9%13.9%45.3%13.8%51.9%-8.0%0.4%10.8M-112.5M-990.9K0.153.54N/AN/A5,60484430,6986,810
2024-01-26$305.75$300.0046.7%13.6%45.8%11.0%49.8%-7.8%0.3%7.5M-152.5M-1.0M0.218.26N/AN/A6,7751,41632,2297,119
2024-01-29$297.00$300.0048.9%14.4%46.7%16.0%53.2%-8.8%1.0%6.6M-85.0M-939.2K0.189.97N/AN/A4,14875826,4526,638
2024-01-30$301.75$287.5049.6%14.9%46.6%17.6%54.0%-7.8%0.1%8.5M-119.0M-1.0M0.138.87N/AN/A4,67360128,1346,832
2024-01-31$318.75$287.5049.6%14.7%45.7%17.7%54.2%-9.1%0.8%11.8M-214.3M-1.2M0.2210.27N/AN/A6,5481,42029,0367,055