SQQQ Options History — May 2024

In May 2024, SQQQ traded between $239.75 and $298.25. ATM implied volatility averaged 47.8%, placing in the 18.5% IV rank vs the trailing year. The 30-day expected move averaged 13.6%. IV traded above realized volatility by 0.1% (HV 20d: 47.6%). Max pain ranged from $250.00 to $275.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.15.

Notable Days

  • 2024-05-03: Highest Volume — 18,156 contracts
  • 2024-05-29: Largest IV spike — 14.0% change
  • 2024-05-01: Highest IV Rank — 59.5%
  • 2024-05-02: Largest Expected Move — 16.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$258.35$239.75$298.25$298.25$255.25
Max Pain$262.50$250.00$275.00$275.00$250.00
ATM IV47.8%41.9%60.7%60.7%48.1%
Expected Move13.6%11.7%16.5%16.5%13.1%
HV 20d47.6%31.6%61.9%58.4%35.8%
HV 60d51.0%46.1%54.9%53.7%46.1%
IV Rank18.5%0.0%59.5%59.5%19.9%
IV Percentile20.3%0.0%84.1%84.1%23.0%
Term Structure1.2%-12.2%39.8%-4.8%-0.0%
VWIV51.2%45.4%62.5%58.0%51.5%
Skew 25d-9.2%-14.2%-6.2%-13.8%-6.6%
Skew 10d-18.8%-25.5%-14.6%-23.9%-17.6%
Call IV 25d53.8%47.9%64.6%64.6%55.8%
Put IV 25d44.6%38.5%52.2%50.8%49.2%
Bid-Ask Spread %8.515.1617.4515.459.42
Gamma HHI0.210.150.340.180.16
Net GEX10.5M6.3M16.4M12.4M8.9M
Net DEX-139.6M-255.0M-52.8M-255.0M-233.9M
Net VEX-1.0M-1.1M-887.8K-1.1M-1.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.150.070.240.220.19
Total Volume8,7033,54118,15614,42714,496
Total OI46,732.95538,53056,81938,53048,017

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$298.25$275.0060.7%16.5%58.4%59.5%58.0%-13.8%-4.8%12.4M-255.0M-1.1M0.2215.45N/AN/A11,8622,56530,3798,151
2024-05-02$295.50$275.0055.2%16.5%57.2%42.1%57.8%-7.9%1.8%13.7M-236.7M-1.1M0.2415.87N/AN/A6,5391,58732,5168,623
2024-05-03$276.75$275.0051.2%14.1%61.1%29.4%52.4%-8.6%5.0%6.3M-117.8M-1.0M0.1417.45N/AN/A15,8932,26334,1858,626
2024-05-06$269.75$275.0053.8%14.8%61.8%37.8%56.3%-8.6%3.3%8.5M-126.4M-1.1M0.185.55N/AN/A5,5651,00732,8487,505
2024-05-07$267.75$275.0047.9%14.6%61.9%18.8%53.3%-10.0%0.8%10.1M-131.8M-1.1M0.125.79N/AN/A6,56477035,7947,773
2024-05-08$268.25$275.0047.0%14.2%61.6%16.0%51.3%-9.3%0.0%13.2M-159.1M-1.1M0.156.50N/AN/A4,72670438,8847,973
2024-05-09$267.75$275.0045.6%14.2%58.6%11.5%52.1%-9.3%-3.3%14.2M-157.9M-1.1M0.165.49N/AN/A4,13167340,2468,018
2024-05-10$265.75$275.0046.2%13.9%55.6%13.5%52.2%-9.6%-0.3%8.4M-141.7M-1.1M0.186.21N/AN/A6,9651,24441,3098,155
2024-05-13$263.75$275.0049.5%14.5%52.0%23.9%62.5%-8.2%1.8%9.7M-143.6M-1.1M0.076.27N/AN/A8,19059735,1017,295
2024-05-14$258.50$275.0049.3%13.3%52.3%23.3%56.4%-9.9%-2.9%11.2M-126.2M-1.1M0.117.63N/AN/A8,01589040,2157,643
2024-05-15$247.25$275.0046.1%12.9%51.6%13.2%50.8%-6.2%-1.2%6.5M-52.8M-887.8K0.115.74N/AN/A15,4521,64643,8988,055
2024-05-16$248.25$250.0045.2%12.6%50.8%10.4%45.8%-6.6%-2.0%14.2M-111.7M-970.1K0.155.16N/AN/A6,8791,01746,9057,700
2024-05-17$249.50$250.0043.5%12.2%41.0%5.0%47.8%-6.9%-1.6%8.1M-109.4M-982.2K0.145.39N/AN/A6,81298148,9347,885
2024-05-20$244.25$250.0045.2%12.9%39.9%10.4%47.1%-6.8%-0.3%7.3M-82.7M-940.2K0.158.22N/AN/A4,19363835,8386,970
2024-05-21$243.25$250.0041.9%12.0%37.9%0.0%45.4%-7.4%-12.2%8.3M-88.8M-925.2K0.129.31N/AN/A3,15738437,6087,211
2024-05-22$244.75$250.0045.5%13.0%38.4%11.3%48.3%-8.2%2.6%9.6M-108.1M-907.2K0.169.87N/AN/A5,32086838,5277,278
2024-05-23$247.25$250.0045.0%12.8%37.4%9.8%46.6%-9.5%2.7%13.3M-131.2M-929.0K0.148.74N/AN/A10,5881,52940,7717,723
2024-05-24$240.25$250.0041.9%11.7%34.1%0.0%46.0%-10.5%3.7%8.2M-100.7M-897.1K0.198.46N/AN/A7,4001,38843,2897,786
2024-05-28$239.75$250.0042.4%12.6%34.1%1.5%47.6%-11.2%-0.2%10.0M-112.4M-903.3K0.129.70N/AN/A4,78257238,7817,176
2024-05-29$241.50$250.0048.3%12.9%31.6%20.3%48.4%-12.5%39.8%12.2M-137.8M-938.8K0.097.85N/AN/A4,72544540,6047,361
2024-05-30$250.50$250.0051.4%13.7%34.5%30.3%49.9%-14.2%-6.8%16.4M-205.1M-1.0M0.147.06N/AN/A6,51892641,0737,496
2024-05-31$255.25$250.0048.1%13.1%35.8%19.9%51.5%-6.6%-0.0%8.9M-233.9M-1.0M0.199.42N/AN/A12,2042,29240,3107,707