QQQ Options History — May 2012

In May 2012, QQQ traded between $60.81 and $67.06. ATM implied volatility averaged 21.4%, placing in the 15.4% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 3.5% (HV 20d: 17.9%). Max pain ranged from $65.00 to $66.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 1.93.

Notable Days

  • 2012-05-17: Highest Volume — 987,014 contracts
  • 2012-05-21: Largest IV drop — 15.0% change
  • 2012-05-18: Highest IV Rank — 22.1%
  • 2012-05-18: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$63.56$60.81$67.06$66.87$62.06
Max Pain$65.50$65.00$66.00$66.00$65.00
ATM IV21.4%17.8%25.0%18.0%24.1%
Expected Move6.0%4.6%7.2%4.6%6.9%
HV 20d17.9%15.5%20.2%18.2%17.5%
HV 60d15.2%13.8%16.4%13.8%16.3%
IV Rank15.4%8.6%22.1%9.0%20.3%
IV Percentile56.0%38.5%65.1%40.5%63.1%
Term Structure0.2%-0.7%1.4%1.4%-0.6%
VWIV21.8%16.3%26.3%16.3%26.3%
Skew 25d6.0%3.6%7.2%3.8%7.2%
Skew 10d11.5%6.2%14.9%7.0%14.9%
Call IV 25d18.5%14.2%22.0%14.7%21.1%
Put IV 25d24.5%18.3%29.0%18.5%28.3%
Bid-Ask Spread %5.482.4716.897.792.47
Gamma HHI0.120.090.220.090.12
Net GEX-383.3M-630.9M-192.6M-192.6M-338.8M
Net DEX4.06B-917.9M9.55B-838.3M4.72B
Net VEX-36.2M-38.7M-34.2M-35.6M-36.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.931.144.262.441.65
Total Volume609,029.955300,536987,014555,114556,827
Total OI5,191,285.1364,466,3625,889,6724,789,3405,152,480

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-05-01$66.87$66.0018.0%4.6%18.2%9.0%16.3%3.8%1.4%-192.6M-838.3M-35.6M2.447.79N/AN/A161,406393,7081,692,5773,096,763
2012-05-02$67.06$66.0019.0%4.6%18.3%10.8%16.7%4.1%1.1%-210.8M-917.9M-37.0M1.466.67N/AN/A122,127178,4091,729,4103,312,693
2012-05-03$66.35$66.0017.8%4.8%18.0%8.6%16.3%3.6%0.9%-336.7M462.2M-36.4M1.147.22N/AN/A222,200253,5111,744,7293,284,138
2012-05-04$64.70$66.0018.8%5.5%19.8%10.5%19.8%5.9%0.1%-419.0M3.81B-36.5M1.606.92N/AN/A250,833400,9011,816,6893,321,695
2012-05-07$64.76$66.0020.6%5.5%19.7%14.0%19.9%5.9%0.1%-395.8M2.96B-36.5M1.314.81N/AN/A185,921243,4011,832,7273,300,603
2012-05-08$64.52$66.0020.8%5.4%19.0%14.2%20.2%5.9%0.1%-439.8M3.61B-35.7M1.403.11N/AN/A275,405385,6441,856,6573,361,601
2012-05-09$64.32$66.0021.1%5.9%18.9%14.8%21.7%6.1%-0.0%-415.0M3.70B-36.2M1.763.68N/AN/A327,972578,0481,897,3923,388,149
2012-05-10$64.19$66.0020.2%5.8%18.2%13.2%20.1%5.8%-0.1%-460.5M3.85B-38.7M1.893.79N/AN/A149,952283,7632,041,4733,626,377
2012-05-11$64.18$66.0020.5%5.9%17.6%13.8%22.2%5.7%0.1%-468.9M4.08B-38.5M2.804.00N/AN/A238,330667,3902,055,1113,684,000
2012-05-14$63.58$66.0021.4%6.1%17.5%15.3%22.2%6.0%-0.1%-557.2M5.58B-38.0M1.892.56N/AN/A172,659326,9922,022,2323,725,306
2012-05-15$63.37$65.0022.5%6.5%15.5%17.5%22.5%6.1%0.0%-532.0M5.68B-37.5M2.093.65N/AN/A237,241496,3892,058,2703,652,478
2012-05-16$62.94$65.0022.3%6.4%15.6%17.0%22.5%6.2%0.3%-578.7M6.54B-36.8M2.1014.07N/AN/A200,028420,1152,097,7683,666,495
2012-05-17$61.61$65.0024.1%6.9%16.7%20.4%24.1%6.7%0.3%-525.9M8.26B-35.5M1.983.03N/AN/A330,772656,2422,132,2973,591,253
2012-05-18$60.81$65.0025.0%7.2%17.0%22.1%24.8%7.0%0.2%-630.9M9.55B-34.2M1.6011.30N/AN/A360,607577,2052,247,7643,641,908
2012-05-21$62.51$65.0021.3%6.1%20.2%15.1%23.4%6.7%0.6%-254.9M3.88B-35.1M1.323.29N/AN/A228,170300,6461,621,6752,844,687
2012-05-22$62.44$65.0022.7%6.5%20.2%17.7%22.1%6.5%0.4%-266.8M4.09B-35.3M1.383.19N/AN/A172,374238,0721,680,3362,904,835
2012-05-23$62.56$65.0021.3%6.0%17.3%15.2%22.6%6.1%0.8%-266.6M3.95B-35.4M2.052.84N/AN/A180,761370,8691,722,7192,954,608
2012-05-24$62.15$66.0022.6%6.6%17.0%17.6%24.5%7.2%0.0%-266.0M4.05B-35.4M1.313.11N/AN/A218,547287,2401,754,4913,009,158
2012-05-25$62.07$65.0022.5%6.4%16.7%17.4%23.3%6.8%-0.1%-280.1M4.49B-35.3M2.7516.89N/AN/A120,421331,2431,827,4323,110,236
2012-05-29$62.86$65.0021.3%6.1%17.6%15.2%21.9%6.8%-0.1%-277.9M3.35B-35.0M2.263.20N/AN/A95,492216,0761,780,3343,072,038
2012-05-30$62.33$65.0023.8%6.8%17.7%19.9%25.4%7.0%-0.7%-318.6M4.44B-34.4M4.263.03N/AN/A187,131797,6191,801,3873,093,302
2012-05-31$62.06$65.0024.1%6.9%17.5%20.3%26.3%7.2%-0.6%-338.8M4.72B-36.6M1.652.47N/AN/A210,105346,7221,852,2733,300,207