SQQQ Options History — February 2024

In February 2024, SQQQ traded between $274.50 and $308.50. ATM implied volatility averaged 50.9%, placing in the 20.8% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded below realized volatility by 0.8% (HV 20d: 51.7%). Max pain ranged from $275.00 to $300.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.16.

Notable Days

  • 2024-02-22: Highest Volume — 14,490 contracts
  • 2024-02-13: Largest IV spike — 10.2% change
  • 2024-02-21: Highest IV Rank — 38.9%
  • 2024-02-20: Largest Expected Move — 16.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$287.60$274.50$308.50$308.50$275.00
Max Pain$294.38$275.00$300.00$300.00$275.00
ATM IV50.9%46.3%58.8%49.3%50.7%
Expected Move14.1%13.1%16.1%13.8%13.6%
HV 20d51.7%44.6%61.3%45.6%56.8%
HV 60d42.9%38.9%46.4%41.8%46.4%
IV Rank20.8%10.2%38.9%17.0%20.3%
IV Percentile27.1%6.3%62.3%18.3%26.6%
Term Structure0.9%-2.6%6.9%0.9%-0.9%
VWIV53.5%50.1%60.5%53.6%50.6%
Skew 25d-9.0%-13.0%-3.6%-9.9%-8.6%
Skew 10d-19.6%-28.8%-12.7%-20.9%-19.0%
Call IV 25d57.3%52.6%67.8%56.1%55.8%
Put IV 25d48.3%44.1%56.3%46.2%47.2%
Bid-Ask Spread %8.246.1811.7810.2511.78
Gamma HHI0.160.120.210.150.18
Net GEX9.7M4.4M14.3M10.2M10.1M
Net DEX-118.4M-220.6M-26.8M-151.4M-94.8M
Net VEX-980.4K-1.1M-839.9K-1.1M-938.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.160.100.290.220.18
Total Volume7,903.64,19514,4906,1667,907
Total OI41,912.136,63647,22436,63646,105

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$308.50$300.0049.3%13.8%45.6%17.0%53.6%-9.9%0.9%10.2M-151.4M-1.1M0.2210.25N/AN/A5,0511,11529,0527,584
2024-02-02$292.00$300.0047.0%14.3%47.9%11.6%54.5%-8.7%1.6%6.3M-74.0M-995.7K0.208.20N/AN/A7,5551,50031,3427,673
2024-02-05$294.25$300.0049.1%14.2%47.8%16.6%56.0%-9.5%0.1%9.2M-111.7M-1.0M0.146.53N/AN/A3,68650930,6877,115
2024-02-06$299.00$300.0048.2%13.9%44.6%14.5%51.0%-8.9%0.2%10.9M-143.4M-1.1M0.128.05N/AN/A4,76758531,2877,405
2024-02-07$287.00$300.0047.0%13.1%46.2%11.6%51.7%-8.7%-1.4%7.6M-68.5M-903.6K0.177.01N/AN/A5,60397232,0657,523
2024-02-08$286.50$300.0046.8%13.1%46.0%11.2%50.7%-8.0%-1.2%9.5M-84.3M-931.0K0.157.45N/AN/A4,15162233,8197,576
2024-02-09$278.25$300.0046.3%13.4%46.5%10.2%51.4%-8.5%0.7%6.2M-47.7M-845.1K0.206.79N/AN/A7,1011,40635,5387,591
2024-02-12$281.25$300.0048.4%13.9%47.1%14.9%51.5%-8.7%4.1%9.5M-91.2M-913.1K0.187.62N/AN/A5,7611,01333,9697,152
2024-02-13$297.25$300.0053.3%15.3%52.2%26.4%58.1%-13.0%4.3%14.3M-220.6M-1.1M0.126.50N/AN/A11,8511,36935,2407,510
2024-02-14$285.75$300.0047.9%13.7%52.6%13.7%53.8%-11.1%4.0%9.8M-106.7M-954.5K0.1110.22N/AN/A6,85575234,6477,809
2024-02-15$284.00$300.0049.2%13.8%50.7%16.7%53.8%-10.2%6.9%11.6M-107.3M-938.7K0.176.18N/AN/A5,26089936,6687,795
2024-02-16$290.75$300.0054.2%15.2%47.8%28.3%54.3%-11.0%3.4%8.8M-181.3M-1.0M0.116.56N/AN/A9,9561,10438,0227,897
2024-02-20$299.50$300.0058.8%16.1%49.2%38.9%60.5%-11.5%-2.6%10.7M-189.1M-1.1M0.126.44N/AN/A9,8421,22931,5157,059
2024-02-21$304.50$300.0058.8%15.9%49.5%38.9%60.0%-12.3%-0.8%11.5M-204.8M-1.1M0.199.59N/AN/A7,3371,36332,5737,520
2024-02-22$274.50$300.0054.9%14.5%61.2%29.9%56.2%-3.6%-1.8%4.4M-26.8M-839.9K0.297.41N/AN/A11,2593,23133,0688,010
2024-02-23$277.75$287.5052.7%13.6%61.3%24.9%50.2%-7.5%-1.6%8.3M-102.3M-948.8K0.198.31N/AN/A8,4921,57638,5038,721
2024-02-26$277.25$275.0051.3%13.8%60.9%21.7%51.7%-4.8%3.4%9.8M-101.3M-919.1K0.149.65N/AN/A4,13359635,1637,195
2024-02-27$276.75$275.0050.6%13.5%60.2%20.1%50.1%-7.4%-0.2%11.1M-108.8M-942.7K0.119.18N/AN/A4,67750136,8937,408
2024-02-28$282.25$275.0053.9%14.0%60.4%27.7%50.6%-8.3%-0.4%13.5M-151.6M-1.0M0.1011.01N/AN/A5,88360338,0637,480
2024-02-29$275.00$275.0050.7%13.6%56.8%20.3%50.6%-8.6%-0.9%10.1M-94.8M-938.5K0.1811.78N/AN/A6,7081,19938,4027,703