SQQQ Options History — February 2026

In February 2026, SQQQ traded between $64.91 and $74.91. ATM implied volatility averaged 68.4%, placing in the 25.2% IV rank vs the trailing year. The 30-day expected move averaged 19.6%. IV traded above realized volatility by 14.9% (HV 20d: 53.5%). Max pain ranged from $65.00 to $69.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.40.

Notable Days

2026-02-20: Highest Volume — 76,320 contracts
2026-02-03: Largest IV spike — 21.9% change
2026-02-05: Highest IV Rank — 34.0%
2026-02-05: Largest Expected Move — 22.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$70.62	$64.91	$74.91	$64.91	$71.28
Max Pain	$68.37	$65.00	$69.00	$65.00	$69.00
ATM IV	68.4%	56.5%	79.2%	56.5%	69.4%
Expected Move	19.6%	15.6%	22.8%	15.6%	19.6%
HV 20d	53.5%	42.1%	58.1%	42.1%	57.3%
HV 60d	50.0%	44.9%	52.5%	51.3%	46.6%
IV Rank	25.2%	15.5%	34.0%	15.5%	26.0%
IV Percentile	73.4%	46.8%	88.9%	46.8%	74.6%
Term Structure	0.6%	-2.2%	6.8%	-0.8%	-1.8%
VWIV	69.9%	53.0%	77.4%	53.0%	72.1%
Skew 25d	-27.6%	-35.8%	-20.4%	-22.6%	-24.5%
Skew 10d	-48.7%	-72.1%	-30.8%	-55.5%	-45.5%
Call IV 25d	84.9%	66.9%	98.3%	66.9%	84.2%
Put IV 25d	57.3%	44.3%	70.7%	44.3%	59.7%
Bid-Ask Spread %	31.68	22.18	40.52	29.91	22.18
Gamma HHI	0.09	0.06	0.16	0.09	0.09
Net GEX	7.4M	4.4M	15.9M	4.8M	4.8M
Net DEX	-204.6M	-365.3M	-58.9M	-65.2M	-204.7M
Net VEX	-1.1M	-1.2M	-939.4K	-939.4K	-1.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.40	0.16	0.84	0.38	0.37
Total Volume	45,947.632	20,511	76,320	25,799	63,855
Total OI	148,645.632	109,818	175,337	109,818	175,337

Daily Data (19 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
2026-02-02	$64.91	$65.00	56.5%	15.6%	42.1%	15.5%	53.0%	-22.6%	-0.8%	4.8M	-65.2M	-939.4K	0.38	29.91	N/A	N/A	18,748	7,051	72,287	37,531
2026-02-03	$68.34	$65.00	68.8%	19.6%	45.4%	25.5%	65.4%	-26.0%	-1.0%	6.4M	-173.8M	-1.0M	0.42	32.63	N/A	N/A	36,110	15,110	78,835	42,009
2026-02-04	$71.03	$65.00	71.2%	20.8%	46.2%	27.5%	72.7%	-28.1%	0.9%	6.7M	-251.6M	-1.1M	0.46	35.53	N/A	N/A	39,325	18,057	84,905	49,106
2026-02-05	$74.91	$69.00	79.2%	22.8%	49.3%	34.0%	76.4%	-27.5%	3.3%	6.3M	-365.3M	-1.1M	0.46	24.15	N/A	N/A	41,450	19,238	93,726	57,068
2026-02-06	$69.95	$69.00	64.0%	18.2%	55.8%	21.6%	65.4%	-20.4%	-0.7%	6.4M	-217.2M	-1.1M	0.49	29.78	N/A	N/A	30,089	14,669	105,966	63,400
2026-02-09	$68.16	$69.00	57.1%	18.9%	55.3%	16.0%	65.7%	-27.4%	6.8%	5.4M	-113.6M	-1.1M	0.40	33.35	N/A	N/A	21,823	8,789	83,677	46,801
2026-02-10	$69.10	$69.00	64.7%	18.6%	55.4%	22.2%	67.9%	-35.8%	1.1%	6.2M	-155.8M	-1.1M	0.17	36.35	N/A	N/A	18,061	3,036	90,689	50,086
2026-02-11	$68.66	$69.00	61.5%	18.1%	55.3%	19.6%	65.3%	-23.3%	2.1%	7.4M	-153.9M	-1.1M	0.16	38.38	N/A	N/A	38,921	6,381	96,209	50,676
2026-02-12	$72.82	$69.00	74.6%	21.7%	58.1%	30.2%	75.0%	-21.4%	-0.5%	10.9M	-320.2M	-1.1M	0.36	34.75	N/A	N/A	33,730	12,051	101,001	52,745
2026-02-13	$73.20	$69.00	73.2%	21.2%	57.7%	29.1%	76.5%	-30.4%	-2.0%	15.9M	-344.0M	-1.1M	0.61	27.47	N/A	N/A	42,620	26,173	106,775	57,516
2026-02-17	$73.00	$69.00	70.7%	20.2%	57.7%	27.1%	74.5%	-27.8%	2.9%	8.0M	-259.3M	-1.1M	0.42	31.03	N/A	N/A	32,579	13,758	89,164	47,969
2026-02-18	$71.44	$69.00	69.5%	19.9%	53.8%	26.1%	69.8%	-27.2%	-2.0%	8.9M	-221.2M	-1.2M	0.47	38.54	N/A	N/A	26,704	12,449	101,542	52,381
2026-02-19	$72.66	$69.00	73.5%	21.1%	51.5%	29.3%	76.1%	-31.6%	1.1%	11.8M	-286.0M	-1.2M	0.22	31.34	N/A	N/A	35,599	7,942	108,909	56,490
2026-02-20	$70.52	$69.00	68.7%	19.4%	52.4%	25.4%	68.8%	-28.4%	6.4%	6.3M	-164.0M	-1.1M	0.30	40.52	N/A	N/A	58,924	17,396	112,073	60,410
2026-02-23	$73.32	$69.00	73.9%	21.1%	53.5%	29.7%	77.4%	-34.8%	-1.0%	5.8M	-216.6M	-1.2M	0.21	29.24	N/A	N/A	31,461	6,464	84,972	48,997
2026-02-24	$70.59	$69.00	70.0%	19.3%	55.1%	26.5%	69.0%	-31.2%	-2.2%	5.8M	-153.0M	-1.2M	0.44	33.50	N/A	N/A	14,254	6,257	92,751	51,922
2026-02-25	$67.70	$69.00	62.0%	17.0%	56.7%	20.0%	68.6%	-24.3%	-1.5%	4.4M	-58.9M	-1.1M	0.42	27.82	N/A	N/A	21,700	9,016	100,355	54,625
2026-02-26	$70.22	$69.00	70.1%	18.6%	57.7%	26.6%	68.4%	-31.9%	-0.5%	9.4M	-162.2M	-1.2M	0.84	25.45	N/A	N/A	34,389	28,826	105,906	59,456
2026-02-27	$71.28	$69.00	69.4%	19.6%	57.3%	26.0%	72.1%	-24.5%	-1.8%	4.8M	-204.7M	-1.2M	0.37	22.18	N/A	N/A	46,558	17,297	110,332	65,005