QQQ Options History — February 2012

In February 2012, QQQ traded between $61.02 and $64.70. ATM implied volatility averaged 16.7%, placing in the 6.6% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 7.6% (HV 20d: 9.1%). Max pain ranged from $59.00 to $62.00. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 1.74.

Notable Days

  • 2012-02-15: Highest Volume — 921,152 contracts
  • 2012-02-06: Largest IV spike — 14.2% change
  • 2012-02-15: Highest IV Rank — 10.9%
  • 2012-02-15: Largest Expected Move — 5.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$63.01$61.02$64.70$61.02$64.41
Max Pain$60.65$59.00$62.00$59.00$62.00
ATM IV16.7%15.0%19.0%17.4%16.9%
Expected Move4.8%4.4%5.5%4.5%4.9%
HV 20d9.1%8.1%10.0%8.1%9.9%
HV 60d18.1%13.7%21.0%20.9%13.7%
IV Rank6.6%3.5%10.9%8.0%7.0%
IV Percentile23.3%7.7%44.3%29.1%25.9%
Term Structure0.8%0.4%1.5%1.5%0.9%
VWIV18.0%16.0%20.7%17.7%16.7%
Skew 25d5.0%3.7%6.5%3.9%4.6%
Skew 10d10.1%7.4%12.2%8.0%8.9%
Call IV 25d14.7%13.6%16.9%14.2%14.7%
Put IV 25d19.7%17.8%23.3%18.1%19.4%
Bid-Ask Spread %2.951.6914.312.032.55
Gamma HHI0.130.080.180.080.13
Net GEX29.5M-45.7M107.6M-3.6M15.4M
Net DEX-3.29B-4.15B-2.36B-2.44B-3.53B
Net VEX-24.2M-27.2M-21.8M-22.9M-27.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.740.952.941.092.50
Total Volume482,181.55190,636921,152547,871521,397
Total OI4,045,669.153,523,2384,942,8283,524,0274,165,914

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-02-01$61.02$59.0017.4%4.5%8.1%8.0%17.7%3.9%1.5%-3.6M-2.44B-22.9M1.092.03N/AN/A262,690285,1811,311,4352,212,592
2012-02-02$61.21$59.0015.8%4.5%8.1%4.9%17.8%3.7%1.5%7.5M-2.36B-23.2M1.882.41N/AN/A166,725313,9061,357,1372,321,606
2012-02-03$62.05$59.0015.0%4.7%8.7%3.5%17.4%4.7%0.6%88.3M-3.48B-21.8M1.2214.31N/AN/A256,108312,1961,382,5812,432,004
2012-02-06$62.00$60.0017.2%4.8%8.9%7.5%18.5%4.8%0.5%52.9M-3.08B-22.6M1.872.44N/AN/A103,784193,7671,398,1782,395,160
2012-02-07$62.13$60.0017.1%4.8%8.5%7.3%18.2%4.7%0.4%49.4M-3.16B-22.5M1.752.15N/AN/A69,315121,3211,412,4792,458,073
2012-02-08$62.46$60.0015.6%5.0%8.4%4.6%18.3%5.0%0.4%107.6M-3.71B-22.2M2.182.24N/AN/A102,063222,8711,431,5062,512,341
2012-02-09$62.91$60.0016.5%4.7%8.5%6.2%17.5%4.8%0.6%88.8M-3.94B-22.5M1.461.78N/AN/A209,657305,5911,439,5942,605,841
2012-02-10$62.48$60.0018.6%5.3%9.3%10.1%19.0%5.5%0.5%48.0M-3.37B-23.8M2.942.88N/AN/A178,331524,8411,490,2902,698,947
2012-02-13$63.05$61.0017.1%4.9%9.2%7.3%18.5%5.2%0.7%65.7M-3.79B-23.0M1.681.79N/AN/A122,990206,0911,478,5442,796,869
2012-02-14$63.21$61.0017.7%5.1%9.0%8.4%19.7%5.5%0.9%61.8M-3.92B-23.5M1.812.12N/AN/A157,134285,0211,503,3362,841,385
2012-02-15$62.77$61.0019.0%5.5%9.0%10.9%20.7%6.5%1.0%3.5M-3.12B-24.9M2.303.05N/AN/A279,482641,6701,552,8802,938,164
2012-02-16$63.63$62.0017.2%4.9%9.7%7.5%19.1%6.2%1.0%42.0M-4.15B-25.0M1.531.93N/AN/A259,907396,4721,613,2443,211,907
2012-02-17$63.43$62.0017.1%4.9%9.8%7.4%17.9%5.1%1.2%-5.5M-3.61B-25.7M0.951.69N/AN/A271,985257,2931,683,2043,259,624
2012-02-21$63.61$62.0016.0%4.6%9.8%5.4%17.4%4.7%1.0%1.1M-2.76B-24.2M1.722.74N/AN/A133,842230,1501,369,1802,154,058
2012-02-22$63.32$62.0017.3%4.8%10.0%7.7%17.8%4.7%1.0%-45.7M-2.40B-24.8M1.722.27N/AN/A130,540224,4931,427,5732,254,528
2012-02-23$63.74$60.0015.3%4.5%9.5%3.9%16.8%5.0%0.7%-23.3M-3.09B-24.6M2.272.62N/AN/A188,334426,6311,452,0072,342,098
2012-02-24$63.96$61.0015.3%4.4%9.2%4.1%16.0%4.7%1.1%1.1M-2.93B-25.4M1.123.03N/AN/A305,733341,7151,494,2502,478,078
2012-02-27$64.05$61.0016.3%4.7%9.2%5.9%18.2%5.0%0.9%5.1M-3.04B-26.7M1.592.63N/AN/A124,642198,4221,513,4072,456,051
2012-02-28$64.70$61.0015.9%4.6%9.5%5.2%17.5%5.0%0.8%29.2M-3.84B-26.7M1.182.26N/AN/A143,089168,2511,550,0622,517,256
2012-02-29$64.41$62.0016.9%4.9%9.9%7.0%16.7%4.6%0.9%15.4M-3.53B-27.2M2.502.55N/AN/A148,799372,5981,600,5202,565,394