SQQQ Deep Analytical Report

ProShares UltraPro Short QQQ | Category: Equity Micro Cap | Last Updated: 2026-02-22 | Data Range: 2010-02-01 → 2026-02-01 (193 months)
Quick Overview
Timeframe C-C DoR σ
(Historical)
H-L DoR σ
(Historical)
O-C DoR σ
(Historical)
5Y ATRP
(Avg)
Binomial IV
(Period)
Yahoo IV
(Period)
1σ Lower
(68.27%)
1σ Upper 2σ Lower
(95.45%)
2σ Upper
Daily 3.85% 3.22% 3.14% 5.38% 15.65% 4.58% 60.17 82.29 51.46 96.24
Weekly 8.25% 8.34% 7.94% 13.15% 34.46% 10.09% 49.86 99.32 35.33 140.18
Monthly 13.71% 16.70% 15.51% 28.32% 71.73% 21.00% 34.35 144.18 16.76 295.39
Quarterly 17.48% 30.41% 24.87% 47.47% 124.23% 36.38% 20.32 243.74 5.87 844.25
Annual 248.47% 72.75% 5.87 844.25 0.49 10128.65
Option Time Horizon 81.22% 23.78% 31.24 158.53 13.87 357.14
Calculation Notes: Computed at 2026-02-22T14:25 UTC  |  Reference Contract: Call option expiring 2026-04-02 (39 days)  |  Spot Price (S): $70.37  |  Strike (K): $71.50 (first OTM call ≥ spot)  |  Observed Mid-Price: $6.2500 (Bid $5.4000 / Ask $7.1000)  |  Risk-Free Rate (r): 3.72% (1-Month CMT, US Treasury)  |  Dividend Yield (q): 967.00%  |  Binomial IV (Annual): 248.47% (CRR binomial tree, American, n=20 steps)  |  BS IV: 411.86% (European Black-Scholes)  |  Yahoo IV (Annual): 72.75% → period-scaled as σperiod = σannual·√h  |  Price bands: Upper = S·e+σ√h, Lower = S·e−σ√h
Historical Dividend Payouts
Ex-Dividend Date Amount
2025-12-24 $1.5060
2025-09-24 $1.2150
2025-06-25 $1.2850
2025-03-26 $2.4100
2024-12-23 $4.0850
2024-09-25 $3.7250
2024-06-26 $4.0000
2024-03-20 $4.1000
2023-12-20 $7.0750
2023-09-20 $8.1000
2023-06-21 $6.6500
2023-03-22 $5.1000
2022-12-22 $3.7750
2020-03-25 $40.6250
2019-12-24 $67.5000
2019-09-25 $115.6250
2019-06-25 $152.5000
2019-03-20 $72.5000
2018-12-26 $257.5000
2018-09-26 $167.5000
2018-06-20 $102.5000
2018-03-21 $87.5000
2017-12-26 $75.0000
Close-to-Close Returns
Gram-Charlier Analysis: Data reveals Fairly Symmetrical with a Skewness factor of 0.17. Further, an Excess Kurtosis of 6.91 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).
Bin Distribution Over Raw Range
Bin / RangeFrequencyProbCum. Prob
Less than -11.77%230.57%0.57%
-11.77% to -8.88%360.89%1.46%
-8.88% to -6.00%1363.37%4.84%
-6.00% to -3.11%47711.84%16.67%
-3.11% to -0.22%144035.73%52.41%
-0.22% to 2.67%126231.32%83.72%
2.67% to 5.56%4029.98%93.70%
5.56% to 8.45%1614.00%97.69%
8.45% to 11.34%591.46%99.16%
Greater than 11.34%340.84%100.00%
Standard Deviation Interval Analysis
SDLower BndUpper Bnd Actual %Normal %
±1σ -4.07%3.63% 76.90%68.27%
±2σ -7.92%7.49% 94.62%95.45%
±3σ -11.77%11.34% 98.59%99.73%
High-to-Low Returns
Gram-Charlier Analysis: Data reveals Highly Right Skewed (Extreme Positive Tail Risk) with a Skewness factor of 6.00. Further, an Excess Kurtosis of 81.42 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).
Bin Distribution Over Raw Range
Bin / RangeFrequencyProbCum. Prob
Less than -5.32%00.00%0.00%
-5.32% to -2.91%00.00%0.00%
-2.91% to -0.49%00.00%0.00%
-0.49% to 1.92%50412.50%12.50%
1.92% to 4.33%204450.71%63.21%
4.33% to 6.74%93723.24%86.45%
6.74% to 9.16%3288.14%94.59%
9.16% to 11.57%1112.75%97.35%
11.57% to 13.98%601.49%98.83%
Greater than 13.98%471.17%100.00%
Standard Deviation Interval Analysis
SDLower BndUpper Bnd Actual %Normal %
±1σ 1.11%7.55% 88.61%68.27%
±2σ -2.10%10.76% 96.73%95.45%
±3σ -5.32%13.98% 98.83%99.73%
Open-to-Close Returns
Gram-Charlier Analysis: Data reveals Highly Right Skewed (Extreme Positive Tail Risk) with a Skewness factor of 1.44. Further, an Excess Kurtosis of 25.88 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).
Bin Distribution Over Raw Range
Bin / RangeFrequencyProbCum. Prob
Less than -9.21%240.60%0.60%
-9.21% to -6.85%481.19%1.79%
-6.85% to -4.50%1634.04%5.83%
-4.50% to -2.15%46111.44%17.27%
-2.15% to 0.20%127631.65%48.92%
0.20% to 2.55%138534.36%83.28%
2.55% to 4.91%49412.26%95.53%
4.91% to 7.26%1152.85%98.39%
7.26% to 9.61%370.92%99.31%
Greater than 9.61%280.69%100.00%
Standard Deviation Interval Analysis
SDLower BndUpper Bnd Actual %Normal %
±1σ -2.93%3.34% 76.78%68.27%
±2σ -6.07%6.47% 95.21%95.45%
±3σ -9.21%9.61% 98.71%99.73%
Close-to-Close Returns
Gram-Charlier Analysis: Data reveals Right Skewed (Positive Asymmetry) with a Skewness factor of 0.79. Further, an Excess Kurtosis of 3.55 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).
Bin Distribution Over Raw Range
Bin / RangeFrequencyProbCum. Prob
Less than -25.82%30.36%0.36%
-25.82% to -19.63%80.96%1.32%
-19.63% to -13.44%263.11%4.43%
-13.44% to -7.26%11213.40%17.82%
-7.26% to -1.07%30736.72%54.55%
-1.07% to 5.12%23928.59%83.13%
5.12% to 11.30%9010.77%93.90%
11.30% to 17.49%283.35%97.25%
17.49% to 23.68%121.44%98.68%
Greater than 23.68%111.32%100.00%
Standard Deviation Interval Analysis
SDLower BndUpper Bnd Actual %Normal %
±1σ -9.32%7.18% 76.56%68.27%
±2σ -17.57%15.43% 94.26%95.45%
±3σ -25.82%23.68% 98.33%99.73%
High-to-Low Returns
Gram-Charlier Analysis: Data reveals Highly Right Skewed (Extreme Positive Tail Risk) with a Skewness factor of 3.53. Further, an Excess Kurtosis of 25.54 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).
Bin Distribution Over Raw Range
Bin / RangeFrequencyProbCum. Prob
Less than -13.01%00.00%0.00%
-13.01% to -6.76%00.00%0.00%
-6.76% to -0.50%00.00%0.00%
-0.50% to 5.76%13215.77%15.77%
5.76% to 12.01%40147.91%63.68%
12.01% to 18.27%18421.98%85.66%
18.27% to 24.53%688.12%93.79%
24.53% to 30.78%252.99%96.77%
30.78% to 37.04%111.31%98.09%
Greater than 37.04%161.91%100.00%
Standard Deviation Interval Analysis
SDLower BndUpper Bnd Actual %Normal %
±1σ 3.67%20.36% 87.10%68.27%
±2σ -4.67%28.70% 95.94%95.45%
±3σ -13.01%37.04% 98.09%99.73%
Open-to-Close Returns
Gram-Charlier Analysis: Data reveals Fairly Symmetrical with a Skewness factor of -0.01. Further, an Excess Kurtosis of 2.04 proves the distribution possesses Fat Tails (Higher Outlier Risk).
Bin Distribution Over Raw Range
Bin / RangeFrequencyProbCum. Prob
Less than -22.28%80.96%0.96%
-22.28% to -16.33%70.84%1.79%
-16.33% to -10.38%404.78%6.57%
-10.38% to -4.42%9611.47%18.04%
-4.42% to 1.53%26231.30%49.34%
1.53% to 7.48%26932.14%81.48%
7.48% to 13.43%11113.26%94.74%
13.43% to 19.39%273.23%97.97%
19.39% to 25.34%111.31%99.28%
Greater than 25.34%60.72%100.00%
Standard Deviation Interval Analysis
SDLower BndUpper Bnd Actual %Normal %
±1σ -6.41%9.46% 75.63%68.27%
±2σ -14.34%17.40% 94.15%95.45%
±3σ -22.28%25.34% 98.33%99.73%
Close-to-Close Returns
Gram-Charlier Analysis: Data reveals Right Skewed (Positive Asymmetry) with a Skewness factor of 0.63. Further, an Excess Kurtosis of 0.85 proves the distribution possesses Normal Tails (Mesokurtic).
Bin Distribution Over Raw Range
Bin / RangeFrequencyProbCum. Prob
Less than -46.10%00.00%0.00%
-46.10% to -35.82%10.52%0.52%
-35.82% to -25.54%84.17%4.69%
-25.54% to -15.26%3216.67%21.35%
-15.26% to -4.98%6332.81%54.17%
-4.98% to 5.30%5327.60%81.77%
5.30% to 15.58%189.38%91.15%
15.58% to 25.86%136.77%97.92%
25.86% to 36.15%31.56%99.48%
Greater than 36.15%10.52%100.00%
Standard Deviation Interval Analysis
SDLower BndUpper Bnd Actual %Normal %
±1σ -18.69%8.73% 72.92%68.27%
±2σ -32.40%22.44% 94.27%95.45%
±3σ -46.10%36.15% 99.48%99.73%
High-to-Low Returns
Gram-Charlier Analysis: Data reveals Highly Right Skewed (Extreme Positive Tail Risk) with a Skewness factor of 1.89. Further, an Excess Kurtosis of 5.14 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).
Bin Distribution Over Raw Range
Bin / RangeFrequencyProbCum. Prob
Less than -21.36%00.00%0.00%
-21.36% to -8.84%00.00%0.00%
-8.84% to 3.69%00.00%0.00%
3.69% to 16.21%4020.73%20.73%
16.21% to 28.73%8544.04%64.77%
28.73% to 41.26%3317.10%81.87%
41.26% to 53.78%2110.88%92.75%
53.78% to 66.30%73.63%96.37%
66.30% to 78.83%31.55%97.93%
Greater than 78.83%42.07%100.00%
Standard Deviation Interval Analysis
SDLower BndUpper Bnd Actual %Normal %
±1σ 12.04%45.43% 80.31%68.27%
±2σ -4.66%62.13% 95.34%95.45%
±3σ -21.36%78.83% 97.93%99.73%
Open-to-Close Returns
Gram-Charlier Analysis: Data reveals Right Skewed (Positive Asymmetry) with a Skewness factor of 0.67. Further, an Excess Kurtosis of 2.56 proves the distribution possesses Fat Tails (Higher Outlier Risk).
Bin Distribution Over Raw Range
Bin / RangeFrequencyProbCum. Prob
Less than -39.45%00.00%0.00%
-39.45% to -27.82%10.52%0.52%
-27.82% to -16.19%105.18%5.70%
-16.19% to -4.56%2412.44%18.13%
-4.56% to 7.07%6734.72%52.85%
7.07% to 18.70%5226.94%79.79%
18.70% to 30.32%2713.99%93.78%
30.32% to 41.95%84.15%97.93%
41.95% to 53.58%31.55%99.48%
Greater than 53.58%10.52%100.00%
Standard Deviation Interval Analysis
SDLower BndUpper Bnd Actual %Normal %
±1σ -8.44%22.57% 73.06%68.27%
±2σ -23.94%38.08% 94.82%95.45%
±3σ -39.45%53.58% 99.48%99.73%
Close-to-Close Returns
Gram-Charlier Analysis: Data reveals Right Skewed (Positive Asymmetry) with a Skewness factor of 0.73. Further, an Excess Kurtosis of 0.63 proves the distribution possesses Normal Tails (Mesokurtic).
Bin Distribution Over Raw Range
Bin / RangeFrequencyProbCum. Prob
Less than -67.12%00.00%0.00%
-67.12% to -54.01%00.00%0.00%
-54.01% to -40.90%34.69%4.69%
-40.90% to -27.79%812.50%17.19%
-27.79% to -14.68%2640.62%57.81%
-14.68% to -1.57%1421.88%79.69%
-1.57% to 11.54%914.06%93.75%
11.54% to 24.65%11.56%95.31%
24.65% to 37.76%34.69%100.00%
Greater than 37.76%00.00%100.00%
Standard Deviation Interval Analysis
SDLower BndUpper Bnd Actual %Normal %
±1σ -32.16%2.80% 71.88%68.27%
±2σ -49.64%20.28% 95.31%95.45%
±3σ -67.12%37.76% 100.00%99.73%
High-to-Low Returns
Gram-Charlier Analysis: Data reveals Highly Right Skewed (Extreme Positive Tail Risk) with a Skewness factor of 1.77. Further, an Excess Kurtosis of 4.27 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).
Bin Distribution Over Raw Range
Bin / RangeFrequencyProbCum. Prob
Less than -33.27%00.00%0.00%
-33.27% to -10.46%00.00%0.00%
-10.46% to 12.34%00.00%0.00%
12.34% to 35.15%1320.00%20.00%
35.15% to 57.96%2640.00%60.00%
57.96% to 80.77%1624.62%84.62%
80.77% to 103.58%57.69%92.31%
103.58% to 126.39%34.62%96.92%
126.39% to 149.19%11.54%98.46%
Greater than 149.19%11.54%100.00%
Standard Deviation Interval Analysis
SDLower BndUpper Bnd Actual %Normal %
±1σ 27.55%88.37% 78.46%68.27%
±2σ -2.86%118.78% 93.85%95.45%
±3σ -33.27%149.19% 98.46%99.73%
Open-to-Close Returns
Gram-Charlier Analysis: Data reveals Right Skewed (Positive Asymmetry) with a Skewness factor of 0.71. Further, an Excess Kurtosis of 1.34 proves the distribution possesses Fat Tails (Higher Outlier Risk).
Bin Distribution Over Raw Range
Bin / RangeFrequencyProbCum. Prob
Less than -52.28%00.00%0.00%
-52.28% to -33.63%00.00%0.00%
-33.63% to -14.98%46.15%6.15%
-14.98% to 3.67%1116.92%23.08%
3.67% to 22.33%1929.23%52.31%
22.33% to 40.98%2132.31%84.62%
40.98% to 59.63%46.15%90.77%
59.63% to 78.28%57.69%98.46%
78.28% to 96.93%00.00%98.46%
Greater than 96.93%11.54%100.00%
Standard Deviation Interval Analysis
SDLower BndUpper Bnd Actual %Normal %
±1σ -2.54%47.20% 72.31%68.27%
±2σ -27.41%72.06% 96.92%95.45%
±3σ -52.28%96.93% 98.46%99.73%