QQQ Options History — February 2014

In February 2014, QQQ traded between $84.19 and $90.51. ATM implied volatility averaged 14.6%, placing in the 35.5% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded below realized volatility by 1.8% (HV 20d: 16.4%). Max pain ranged from $80.00 to $85.00. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.97.

Notable Days

  • 2014-02-05: Highest Volume — 875,974 contracts
  • 2014-02-07: Largest IV drop — 15.5% change
  • 2014-02-03: Highest IV Rank — 81.1%
  • 2014-02-03: Largest Expected Move — 5.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$88.59$84.19$90.51$84.19$90.36
Max Pain$81.22$80.00$85.00$80.00$82.63
ATM IV14.6%12.8%19.1%19.1%12.9%
Expected Move5.2%5.0%5.5%5.5%5.0%
HV 20d16.4%13.7%18.6%16.7%13.7%
HV 60d13.0%12.5%13.2%13.0%12.9%
IV Rank35.5%16.8%81.1%81.1%18.7%
IV Percentile65.3%33.7%99.2%99.2%39.7%
Term Structure0.1%-0.6%0.8%-0.3%0.7%
VWIV19.1%15.9%24.0%17.6%19.6%
Skew 25d3.4%2.7%4.8%4.8%3.0%
Skew 10d6.9%5.3%9.6%9.6%8.0%
Call IV 25d13.3%11.7%17.1%17.0%11.8%
Put IV 25d16.6%14.3%21.8%21.8%14.8%
Bid-Ask Spread %13.969.5224.5512.7310.54
Gamma HHI0.210.060.410.070.15
Net GEX747.5M-123.6M1.41B-123.6M508.6M
Net DEX-3.67B-8.96B6.04B6.04B-5.69B
Net VEX-45.4M-49.7M-40.9M-40.9M-42.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.970.411.430.890.72
Total Volume530,100.842328,264875,974630,582794,748
Total OI5,105,151.4214,216,4215,749,5494,649,3374,486,614

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-02-03$84.19$80.0019.1%5.5%16.7%81.1%17.6%4.8%-0.3%-123.6M6.04B-40.9M0.8912.73N/AN/A334,179296,4032,355,6532,293,684
2014-02-04$84.70$80.0018.0%5.5%16.8%69.7%22.9%4.2%-0.3%-58.0M5.13B-41.6M0.7814.08N/AN/A278,934218,3982,460,3512,344,918
2014-02-05$84.57$80.0018.6%5.5%16.4%76.1%18.7%3.9%-0.2%-39.3M5.15B-42.8M0.4115.52N/AN/A621,891254,0832,554,8662,392,162
2014-02-06$85.58$80.0017.1%5.4%17.0%61.0%18.3%3.9%-0.1%299.5M2.43B-47.9M0.7713.32N/AN/A273,008209,1722,957,0202,440,775
2014-02-07$87.34$80.0014.5%5.2%18.5%34.2%24.0%3.4%0.2%877.1M-1.76B-49.1M0.8615.63N/AN/A327,677282,7713,035,5002,504,127
2014-02-10$87.81$80.0014.3%5.2%18.6%33.0%17.9%3.2%0.2%767.6M-2.34B-48.5M1.3410.43N/AN/A186,220249,5462,953,3392,403,863
2014-02-11$88.67$80.0014.0%5.2%18.0%29.8%20.6%3.2%0.2%981.2M-4.48B-49.1M0.6513.95N/AN/A334,287218,8293,008,2132,449,725
2014-02-12$88.96$80.0013.7%5.1%17.0%25.9%18.0%2.9%0.6%1.08B-5.67B-49.7M1.1714.79N/AN/A185,245217,0473,094,3852,515,731
2014-02-13$89.60$80.0013.5%5.1%17.0%24.6%21.0%2.8%0.4%1.23B-7.77B-48.9M1.1610.46N/AN/A221,535257,7303,103,5852,567,323
2014-02-14$89.85$80.0012.8%5.1%17.0%16.8%17.8%2.7%0.8%1.35B-8.52B-47.7M0.8710.83N/AN/A304,620265,5503,116,8162,632,733
2014-02-18$90.19$81.0013.5%5.0%17.0%24.6%20.3%3.0%0.4%1.41B-8.96B-45.8M0.9912.12N/AN/A230,621228,0753,042,6552,545,088
2014-02-19$89.67$81.0014.3%5.1%17.0%32.5%18.6%3.3%0.4%938.0M-6.36B-45.8M1.4314.85N/AN/A243,174347,6292,945,8022,621,583
2014-02-20$90.08$82.0014.1%5.2%17.0%30.3%17.1%3.3%0.2%988.1M-7.74B-45.3M1.1213.73N/AN/A220,619247,0772,876,4252,639,489
2014-02-21$89.92$83.0014.0%5.1%17.0%29.7%18.7%3.2%-0.1%1.14B-6.84B-45.0M0.8810.05N/AN/A277,989244,1262,906,9302,701,136
2014-02-24$90.51$83.0013.0%5.1%14.6%19.6%17.2%3.2%-0.6%739.6M-5.65B-43.2M0.9721.01N/AN/A260,276251,4242,287,0361,929,385
2014-02-25$90.50$85.0013.3%5.0%14.2%21.9%15.9%3.4%0.0%703.9M-5.62B-43.2M1.0224.55N/AN/A162,608165,6562,277,3461,967,725
2014-02-26$90.15$83.0013.7%5.3%14.3%26.7%19.5%3.2%-0.3%645.3M-4.71B-43.6M1.0417.14N/AN/A260,119270,5562,285,5882,007,359
2014-02-27$90.47$82.6312.9%5.0%13.8%18.6%19.6%3.2%-0.2%759.3M-6.26B-41.8M1.279.52N/AN/A145,526184,5682,285,5882,007,359
2014-02-28$90.36$82.6312.9%5.0%13.7%18.7%19.6%3.0%0.7%508.6M-5.69B-42.9M0.7210.54N/AN/A461,153333,5952,326,9962,159,618