QQQ Options History — September 2013

In September 2013, QQQ traded between $75.88 and $79.49. ATM implied volatility averaged 13.8%, placing in the 20.3% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded above realized volatility by 2.2% (HV 20d: 11.5%). Max pain ranged from $76.00 to $79.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 1.38.

Notable Days

  • 2013-09-06: Highest Volume — 457,323 contracts
  • 2013-09-27: Largest IV spike — 7.0% change
  • 2013-09-03: Highest IV Rank — 38.9%
  • 2013-09-03: Largest Expected Move — 4.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$78.18$75.88$79.49$75.88$79.00
Max Pain$77.32$76.00$79.00$76.00$77.00
ATM IV13.8%12.3%16.3%16.3%15.0%
Expected Move4.0%3.5%4.7%4.7%4.3%
HV 20d11.5%8.2%13.3%12.6%8.2%
HV 60d11.4%10.4%13.0%12.9%10.5%
IV Rank20.3%8.7%38.9%38.9%29.9%
IV Percentile40.6%9.1%75.0%75.0%63.9%
Term Structure0.4%-0.2%1.0%-0.2%0.0%
VWIV14.1%12.5%16.5%16.2%15.6%
Skew 25d3.2%2.0%4.2%4.2%3.9%
Skew 10d6.4%3.8%8.9%8.0%8.9%
Call IV 25d12.5%11.3%14.9%14.9%13.5%
Put IV 25d15.8%13.4%19.0%19.0%17.4%
Bid-Ask Spread %8.773.1528.587.036.35
Gamma HHI0.110.090.170.090.10
Net GEX150.0M-53.4M359.7M-53.4M55.5M
Net DEX-3.06B-5.85B-957.1M-957.1M-2.14B
Net VEX-30.5M-32.1M-29.1M-31.0M-31.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.380.732.801.072.80
Total Volume331,265.9220,053457,323308,550341,602
Total OI3,644,799.053,057,2864,028,4313,499,7203,340,698

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-09-03$75.88$76.0016.3%4.7%12.6%38.9%16.2%4.2%-0.2%-53.4M-957.1M-31.0M1.077.03N/AN/A148,879159,6711,484,4452,015,275
2013-09-04$76.48$76.0016.0%4.6%12.8%37.1%16.5%4.1%-0.2%114.4M-2.42B-30.5M0.965.35N/AN/A178,697171,0911,525,6062,057,024
2013-09-05$76.85$76.0015.0%4.3%12.9%29.5%15.2%3.8%0.2%42.5M-2.35B-31.0M1.218.76N/AN/A144,541174,6131,573,7642,137,016
2013-09-06$76.95$76.0014.9%4.3%12.8%28.5%15.0%3.7%0.1%217.7M-2.48B-31.7M1.8121.92N/AN/A162,790294,5331,642,0132,219,304
2013-09-09$77.74$76.0014.4%4.1%13.2%24.8%15.5%3.8%0.1%187.1M-3.46B-30.5M1.3911.02N/AN/A127,108177,1691,560,1212,038,495
2013-09-10$78.21$77.0013.9%4.0%13.3%21.3%14.5%3.2%0.1%237.4M-4.03B-30.0M1.259.42N/AN/A197,248245,6461,581,0862,105,837
2013-09-11$78.07$77.0013.2%3.8%13.3%15.7%13.4%3.0%0.3%214.6M-3.77B-30.6M1.344.48N/AN/A158,070211,7841,657,3282,195,970
2013-09-12$78.02$0.0013.3%3.8%13.2%16.4%13.1%3.1%0.1%221.0M-3.69B-31.0M1.253.99N/AN/A97,664122,3891,717,1772,254,972
2013-09-13$78.06$78.0013.2%3.8%11.2%15.6%13.4%3.2%0.1%50.0M-3.85B-30.6M1.3728.58N/AN/A99,069136,1581,747,0242,281,407
2013-09-16$77.80$77.0013.6%3.9%11.3%18.7%14.1%3.3%0.8%204.1M-3.26B-29.9M1.278.82N/AN/A103,961132,3231,674,2862,167,629
2013-09-17$78.39$77.0013.4%3.9%11.5%17.5%13.9%3.2%0.9%249.7M-4.13B-29.7M1.136.55N/AN/A126,865143,3311,700,7442,223,273
2013-09-18$79.31$77.0012.8%3.7%12.0%13.0%13.7%2.6%1.0%323.7M-5.47B-29.3M0.964.30N/AN/A214,432206,4231,717,9052,271,205
2013-09-19$79.49$77.0012.5%3.6%11.7%10.7%13.1%2.1%0.6%359.7M-5.85B-29.1M0.7314.55N/AN/A242,356175,9911,742,5042,285,505
2013-09-20$78.93$77.0012.3%3.5%11.6%8.7%12.6%2.0%0.7%57.3M-2.05B-29.3M1.223.15N/AN/A193,281236,5821,382,3632,343,453
2013-09-23$78.74$79.0013.1%3.8%11.6%14.8%13.2%2.9%0.7%92.1M-2.05B-30.2M1.814.08N/AN/A100,133181,2631,312,4571,744,829
2013-09-24$78.87$79.0012.9%3.7%11.6%13.6%12.5%2.9%0.7%101.1M-2.21B-30.4M1.574.00N/AN/A98,294154,3421,357,1361,802,716
2013-09-25$78.56$79.0012.9%3.7%8.5%13.4%13.6%3.0%0.6%47.2M-1.77B-30.8M1.654.58N/AN/A84,269139,3151,394,7851,853,677
2013-09-26$79.18$79.0013.2%3.8%8.8%15.6%13.2%2.9%0.3%180.4M-2.79B-30.6M1.643.72N/AN/A154,473252,8871,431,6321,875,823
2013-09-27$79.12$79.0014.1%4.0%8.6%22.5%14.2%3.6%0.2%98.5M-2.43B-32.1M1.2314.66N/AN/A150,646185,4291,491,4141,988,083
2013-09-30$79.00$77.0015.0%4.3%8.2%29.9%15.6%3.9%0.0%55.5M-2.14B-31.6M2.806.35N/AN/A89,942251,6601,440,1151,900,583