QQQ Options History — January 2014

In January 2014, QQQ traded between $85.23 and $88.83. ATM implied volatility averaged 13.9%, placing in the 28.9% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 1.6% (HV 20d: 12.3%). Max pain ranged from $75.00 to $88.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 1.12.

Notable Days

  • 2014-01-30: Highest Volume — 1,030,196 contracts
  • 2014-01-24: Largest IV spike — 21.6% change
  • 2014-01-30: Highest IV Rank — 53.3%
  • 2014-01-02: Largest Expected Move — 5.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$87.10$85.23$88.83$87.28$86.28
Max Pain$81.55$75.00$88.00$84.00$80.00
ATM IV13.9%12.2%16.4%14.1%16.3%
Expected Move5.3%5.0%5.6%5.6%5.3%
HV 20d12.3%9.9%14.7%10.2%14.5%
HV 60d10.8%9.9%11.9%11.3%11.9%
IV Rank28.9%11.2%53.3%30.8%52.3%
IV Percentile58.1%14.3%93.3%71.0%92.1%
Term Structure-0.1%-2.2%1.0%0.0%-0.0%
VWIV18.9%16.7%21.2%19.6%20.5%
Skew 25d3.2%2.5%4.4%3.2%4.4%
Skew 10d6.7%5.3%10.2%7.6%8.1%
Call IV 25d12.7%11.3%14.8%12.7%14.7%
Put IV 25d15.9%14.1%19.0%15.9%19.0%
Bid-Ask Spread %14.445.1563.055.1513.59
Gamma HHI0.150.080.260.130.08
Net GEX243.8M-74.7M684.2M320.2M145.6M
Net DEX-376.8M-3.81B3.56B-1.92B3.01B
Net VEX-41.8M-44.1M-38.9M-42.1M-44.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.120.761.611.341.10
Total Volume524,217.19298,5301,030,196325,358626,399
Total OI4,511,830.9523,819,8285,438,0424,242,3784,926,612

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-01-02$87.28$84.0014.1%5.6%10.2%30.8%19.6%3.2%0.0%320.2M-1.92B-42.1M1.345.15N/AN/A138,956186,4021,838,9872,403,391
2014-01-03$86.63$84.0013.8%5.6%10.6%27.6%20.1%3.1%0.2%63.9M-181.4M-41.6M1.265.89N/AN/A151,090190,8691,853,8982,467,352
2014-01-06$86.29$84.0014.2%5.6%10.8%31.2%20.2%3.1%-0.2%83.5M226.8M-40.4M1.205.45N/AN/A144,696173,5071,835,3952,427,858
2014-01-07$87.05$84.0013.5%5.5%10.9%24.4%20.5%2.9%-0.1%284.9M-1.39B-41.0M0.967.22N/AN/A232,004223,8681,898,2282,495,858
2014-01-08$87.42$84.0013.5%5.5%10.9%24.1%20.0%2.9%-0.3%343.5M-1.66B-41.3M1.199.68N/AN/A151,802179,9531,972,8862,588,357
2014-01-09$87.03$84.0013.4%5.5%11.0%23.7%21.2%3.0%-0.4%190.4M-575.3M-41.3M1.615.65N/AN/A161,135260,0202,034,7332,675,603
2014-01-10$87.36$84.0012.8%5.4%9.9%17.7%19.6%2.7%-0.4%452.7M-1.68B-41.4M1.175.46N/AN/A223,612261,4952,071,0492,748,383
2014-01-13$86.10$84.0013.7%5.5%11.3%26.1%17.7%2.9%-0.4%-74.7M2.00B-38.9M1.156.67N/AN/A263,330302,7502,012,5402,696,745
2014-01-14$87.64$84.0012.4%5.4%12.8%13.1%18.7%2.8%-0.3%467.9M-2.03B-39.7M1.126.16N/AN/A285,007320,3852,031,1012,736,400
2014-01-15$88.26$0.0012.8%5.1%12.9%17.7%16.7%2.5%-0.3%684.2M-3.81B-40.7M0.7713.11N/AN/A317,199245,3992,140,2952,847,670
2014-01-16$88.19$88.0013.1%5.1%12.8%19.9%17.1%2.7%-0.2%602.0M-3.52B-41.1M0.9113.09N/AN/A333,324302,9522,155,0902,922,452
2014-01-17$87.94$78.0012.6%5.1%12.1%15.7%18.1%2.6%-0.3%469.9M-2.86B-42.5M0.767.30N/AN/A344,650262,4872,350,2313,087,811
2014-01-21$88.56$78.0012.2%5.0%12.1%11.2%17.4%2.8%1.0%342.1M-2.22B-42.3M1.527.59N/AN/A163,172248,2591,876,3231,943,505
2014-01-22$88.83$78.0012.3%5.0%11.9%11.8%17.1%2.8%1.0%372.3M-2.63B-43.2M1.316.44N/AN/A129,140169,3901,934,2062,046,436
2014-01-23$88.67$78.0012.8%5.0%11.6%17.4%18.3%2.9%0.6%332.7M-2.26B-43.6M1.1319.65N/AN/A206,409233,7471,972,2272,118,581
2014-01-24$86.64$75.0015.6%5.4%14.3%45.4%17.8%4.0%0.6%12.3M2.15B-43.4M1.2326.32N/AN/A332,400409,3132,045,3752,162,985
2014-01-27$85.97$80.0016.2%5.3%14.5%51.4%18.6%3.6%-0.3%788.4K2.69B-42.6M0.9230.71N/AN/A402,680370,8832,060,8082,081,812
2014-01-28$85.89$80.0015.0%5.3%14.4%40.1%18.3%3.6%0.1%-7.0M2.89B-42.2M0.8512.27N/AN/A245,781210,0332,143,6252,175,460
2014-01-29$85.23$80.0016.3%5.4%14.6%52.5%18.1%4.3%-0.1%-64.6M3.56B-41.5M0.8232.76N/AN/A315,759258,1082,257,7492,151,287
2014-01-30$85.92$80.0016.4%5.3%14.7%53.3%20.4%4.3%-2.2%98.1M2.30B-43.4M1.1263.05N/AN/A486,302543,8942,341,2642,217,882
2014-01-31$86.28$80.0016.3%5.3%14.5%52.3%20.5%4.4%-0.0%145.6M3.01B-44.1M1.1013.59N/AN/A297,803328,5962,491,9332,434,679