SQQQ Options History — January 2025

In January 2025, SQQQ traded between $137.60 and $163.30. ATM implied volatility averaged 57.1%, placing in the 25.1% IV rank vs the trailing year. The 30-day expected move averaged 15.9%. IV traded below realized volatility by 7.6% (HV 20d: 64.7%). Max pain ranged from $140.00 to $150.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.30.

Notable Days

2025-01-31: Highest Volume — 50,845 contracts
2025-01-27: Largest IV spike — 23.1% change
2025-01-13: Highest IV Rank — 35.1%
2025-01-14: Largest Expected Move — 17.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$149.16	$137.60	$163.30	$157.25	$145.60
Max Pain	$143.38	$140.00	$150.00	$145.00	$140.00
ATM IV	57.1%	48.6%	64.7%	60.5%	64.3%
Expected Move	15.9%	13.8%	17.9%	17.6%	16.1%
HV 20d	64.7%	59.3%	70.8%	61.8%	63.7%
HV 60d	56.2%	52.8%	60.2%	52.8%	58.3%
IV Rank	25.1%	14.1%	35.1%	29.6%	34.5%
IV Percentile	62.1%	27.8%	86.5%	77.0%	84.9%
Term Structure	1.7%	-9.5%	19.1%	0.6%	19.1%
VWIV	58.3%	51.4%	62.3%	62.1%	57.7%
Skew 25d	-15.0%	-20.8%	-5.7%	-16.9%	-16.5%
Skew 10d	-22.1%	-31.4%	29.0%	-26.1%	-31.4%
Call IV 25d	67.0%	57.2%	76.1%	71.8%	68.7%
Put IV 25d	52.0%	45.0%	58.6%	54.8%	52.2%
Bid-Ask Spread %	27.76	10.82	65.99	16.43	14.82
Gamma HHI	0.16	0.07	0.64	0.11	0.16
Net GEX	8.2M	-3.1M	25.4M	9.0M	8.7M
Net DEX	-129.5M	-267.2M	-15.2M	-187.2M	-141.7M
Net VEX	-606.0K	-714.4K	-529.2K	-573.3K	-682.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.30	0.16	0.48	0.32	0.20
Total Volume	24,488.75	13,713	50,845	27,072	50,845
Total OI	50,919.55	39,161	64,456	43,079	64,456

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-01-02	$157.25	$145.00	60.5%	17.6%	61.8%	29.6%	62.1%	-16.9%	0.6%	9.0M	-187.2M	-573.3K	0.32	16.43	N/A	N/A	20,551	6,521	31,226	11,853
2025-01-03	$149.40	$145.00	55.3%	15.3%	62.8%	22.8%	55.3%	-14.6%	5.0%	-3.1M	-69.8M	-554.0K	0.31	21.26	N/A	N/A	17,560	5,443	33,382	14,326
2025-01-06	$144.80	$140.00	51.7%	15.8%	63.7%	18.1%	60.6%	-5.7%	11.1%	5.3M	-64.6M	-529.2K	0.32	55.77	N/A	N/A	17,024	5,455	29,527	9,634
2025-01-07	$152.75	$140.00	62.4%	15.9%	66.2%	32.0%	60.0%	-12.4%	-9.5%	10.7M	-183.8M	-617.7K	0.40	65.99	N/A	N/A	21,699	8,657	35,719	11,096
2025-01-08	$152.20	$140.00	60.4%	16.3%	65.5%	29.4%	58.4%	-17.0%	-0.5%	9.3M	-160.8M	-608.9K	0.48	51.16	N/A	N/A	18,489	8,895	36,779	14,155
2025-01-10	$159.35	$140.00	64.3%	17.6%	67.4%	34.4%	61.8%	-16.9%	-1.0%	15.2M	-267.2M	-599.3K	0.42	49.65	N/A	N/A	28,269	11,852	39,784	15,549
2025-01-13	$161.80	$140.00	64.7%	17.7%	63.5%	35.1%	62.3%	-17.5%	-3.3%	7.3M	-208.0M	-603.9K	0.25	49.70	N/A	N/A	14,730	3,743	30,258	12,054
2025-01-14	$163.30	$145.00	64.0%	17.9%	63.3%	34.1%	59.8%	-17.1%	-2.4%	8.3M	-225.2M	-620.3K	0.43	48.06	N/A	N/A	9,606	4,107	33,730	13,920
2025-01-15	$149.75	$150.00	55.1%	15.2%	70.8%	22.6%	55.0%	-14.8%	-2.2%	5.2M	-63.6M	-569.6K	0.43	48.76	N/A	N/A	16,544	7,133	35,479	15,426
2025-01-16	$151.80	$150.00	54.1%	14.8%	68.8%	21.3%	61.9%	-14.7%	-3.0%	10.4M	-122.2M	-592.8K	0.20	13.03	N/A	N/A	11,970	2,401	40,880	15,977
2025-01-17	$145.55	$150.00	52.0%	14.6%	70.6%	18.6%	55.9%	-14.6%	-1.8%	4.9M	-22.0M	-539.2K	0.20	15.49	N/A	N/A	21,986	4,431	43,229	16,453
2025-01-21	$143.65	$150.00	50.2%	14.3%	59.9%	16.2%	54.0%	-13.6%	1.8%	5.1M	-92.5M	-536.9K	0.32	13.20	N/A	N/A	12,503	3,972	34,462	9,726
2025-01-22	$137.60	$145.00	49.2%	14.1%	61.3%	14.9%	53.7%	-11.7%	1.7%	3.2M	-15.2M	-534.0K	0.22	12.67	N/A	N/A	18,976	4,187	36,335	11,029
2025-01-23	$138.65	$140.00	48.6%	13.8%	61.1%	14.1%	51.4%	-12.1%	1.9%	10.7M	-71.8M	-592.2K	0.23	11.55	N/A	N/A	12,781	2,950	45,872	11,733
2025-01-24	$140.30	$140.00	49.5%	14.0%	59.3%	15.4%	51.4%	-12.4%	1.6%	25.4M	-122.6M	-612.5K	0.16	13.22	N/A	N/A	20,991	3,327	50,214	12,099
2025-01-27	$152.60	$140.00	61.0%	17.3%	65.6%	30.2%	62.0%	-20.8%	2.1%	7.3M	-207.8M	-668.5K	0.30	10.82	N/A	N/A	23,267	7,095	32,198	9,467
2025-01-28	$144.75	$142.50	56.8%	16.1%	68.4%	24.7%	61.0%	-16.9%	8.8%	5.0M	-97.3M	-673.2K	0.32	11.63	N/A	N/A	15,861	5,109	34,073	12,765
2025-01-29	$146.35	$142.50	59.7%	16.9%	65.2%	28.5%	62.0%	-16.4%	-0.2%	8.0M	-138.7M	-714.4K	0.19	14.83	N/A	N/A	17,912	3,384	40,870	13,715
2025-01-30	$145.70	$142.50	57.4%	16.0%	64.8%	25.5%	60.7%	-16.6%	4.9%	8.0M	-128.8M	-697.3K	0.23	17.13	N/A	N/A	15,873	3,676	44,145	14,796
2025-01-31	$145.60	$140.00	64.3%	16.1%	63.7%	34.5%	57.7%	-16.5%	19.1%	8.7M	-141.7M	-682.3K	0.20	14.82	N/A	N/A	42,506	8,339	49,110	15,346