QQQ Options History — March 2012

In March 2012, QQQ traded between $63.57 and $68.21. ATM implied volatility averaged 14.8%, placing in the 3.1% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 3.5% (HV 20d: 11.3%). Max pain ranged from $63.00 to $66.00. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 1.46.

Notable Days

  • 2012-03-14: Highest Volume — 789,775 contracts
  • 2012-03-08: Largest IV drop — 13.8% change
  • 2012-03-06: Highest IV Rank — 7.1%
  • 2012-03-06: Largest Expected Move — 4.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$66.23$63.57$68.21$64.92$67.55
Max Pain$64.45$63.00$66.00$63.00$66.00
ATM IV14.8%13.6%17.0%15.3%13.8%
Expected Move4.3%3.9%4.9%4.4%4.0%
HV 20d11.3%9.9%12.3%9.9%11.9%
HV 60d11.9%10.0%14.0%13.7%10.0%
IV Rank3.1%0.8%7.1%4.0%1.2%
IV Percentile8.8%1.2%27.2%9.2%3.2%
Term Structure1.4%0.6%2.2%0.9%1.7%
VWIV16.3%14.8%18.4%16.6%15.6%
Skew 25d4.3%3.7%5.2%4.2%3.9%
Skew 10d8.7%7.1%11.9%10.1%8.3%
Call IV 25d13.5%12.1%15.6%13.8%12.8%
Put IV 25d17.8%15.8%20.7%18.0%16.6%
Bid-Ask Spread %3.571.888.932.526.90
Gamma HHI0.170.100.620.170.10
Net GEX48.6M-127.0M635.0M27.0M-27.3M
Net DEX-3.83B-6.75B-1.18B-4.10B-3.31B
Net VEX-30.6M-35.1M-27.2M-27.4M-35.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.460.722.121.301.38
Total Volume506,399.273256,399789,775547,548379,649
Total OI4,428,463.53,493,1105,166,3734,331,8454,666,081

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-03-01$64.92$63.0015.3%4.4%9.9%4.0%16.6%4.2%0.9%27.0M-4.10B-27.4M1.302.52N/AN/A237,892309,6561,622,7022,709,143
2012-03-02$64.87$63.0014.8%4.3%10.0%3.2%15.9%4.2%1.0%32.5M-4.00B-28.8M1.622.14N/AN/A147,197237,7761,723,2562,796,188
2012-03-05$64.20$64.0016.6%4.8%10.2%6.4%16.6%4.6%0.6%956.4K-2.89B-28.6M1.902.07N/AN/A149,543284,5151,676,0372,688,243
2012-03-06$63.57$64.0017.0%4.9%11.0%7.1%18.4%5.2%0.7%-114.5M-1.18B-30.5M1.012.51N/AN/A286,445289,0951,693,7272,778,952
2012-03-07$64.06$63.0016.7%4.8%11.2%6.7%18.1%5.0%0.7%-30.8M-2.34B-29.9M1.002.33N/AN/A213,627212,6591,752,0652,805,427
2012-03-08$64.75$63.0014.4%4.4%11.6%2.4%17.1%4.7%0.9%31.7M-3.76B-29.5M1.202.85N/AN/A207,504248,7301,794,3652,880,417
2012-03-09$65.02$63.0013.8%4.3%11.5%1.1%15.0%4.0%0.9%635.0M-4.47B-28.9M1.111.88N/AN/A170,825189,0491,815,9072,942,296
2012-03-12$65.05$64.0013.9%4.4%11.0%1.5%18.1%5.0%1.9%106.0M-4.51B-28.4M2.122.52N/AN/A82,259174,1401,808,2372,873,975
2012-03-13$66.26$64.0014.9%4.4%12.3%3.3%15.5%4.7%1.5%78.8M-6.19B-27.2M0.723.82N/AN/A421,372304,5731,801,8602,957,208
2012-03-14$66.49$64.0016.0%4.8%12.3%5.3%17.8%4.7%1.5%137.2M-6.75B-28.4M1.993.95N/AN/A263,787525,9881,954,4413,039,408
2012-03-15$66.68$65.0015.3%4.4%11.7%3.9%16.3%4.1%1.8%13.6M-6.72B-29.0M1.133.43N/AN/A341,658384,3931,961,6853,204,688
2012-03-16$66.52$65.0014.5%4.2%11.2%2.6%16.0%4.2%2.2%-49.8M-2.24B-30.3M1.202.76N/AN/A204,665245,2541,411,1603,405,473
2012-03-19$66.99$65.0014.7%4.2%11.1%2.9%16.1%4.1%1.9%30.7M-3.01B-30.3M1.863.43N/AN/A235,527436,9441,364,6312,128,479
2012-03-20$67.11$65.0014.5%4.2%11.1%2.5%15.1%4.1%1.8%33.3M-3.15B-32.0M1.443.30N/AN/A142,584205,3791,442,7082,305,214
2012-03-21$67.12$65.0014.3%4.1%10.8%2.1%15.7%3.8%1.6%30.8M-3.21B-32.2M1.953.74N/AN/A170,044331,5941,492,6522,383,476
2012-03-22$66.98$65.0014.7%4.2%10.9%2.8%16.2%4.3%1.6%-26.9M-2.86B-33.4M1.503.21N/AN/A203,757306,0151,543,6862,518,025
2012-03-23$66.94$65.0014.4%4.1%10.9%2.4%15.7%4.0%1.6%-127.0M-2.79B-33.5M1.613.78N/AN/A153,968247,5311,565,4792,561,440
2012-03-26$68.11$65.0013.6%3.9%12.2%0.8%14.8%3.7%1.3%100.0M-4.69B-30.7M0.958.93N/AN/A286,599272,0011,557,7482,519,306
2012-03-27$68.21$65.0014.6%4.2%11.9%2.7%16.1%3.7%1.3%103.9M-4.61B-31.7M1.864.14N/AN/A178,493331,7691,624,7402,618,760
2012-03-28$67.94$66.0014.4%4.1%11.8%2.4%15.4%4.2%1.7%54.6M-4.03B-33.4M1.584.65N/AN/A213,168336,3351,657,1432,773,049
2012-03-29$67.68$66.0014.0%4.0%11.9%1.7%15.7%3.9%1.6%30.3M-3.54B-34.6M1.733.59N/AN/A211,072365,7531,704,8362,901,884
2012-03-30$67.55$66.0013.8%4.0%11.9%1.2%15.6%3.9%1.7%-27.3M-3.31B-35.1M1.386.90N/AN/A159,782219,8671,740,2932,925,788