QQQ Options History — March 2014

In March 2014, QQQ traded between $86.91 and $91.12. ATM implied volatility averaged 14.5%, placing in the 33.6% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded above realized volatility by 3.2% (HV 20d: 11.4%). Max pain ranged from $82.63 to $87.63. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 1.21.

Notable Days

  • 2014-03-13: Highest Volume — 884,458 contracts
  • 2014-03-13: Largest IV spike — 16.4% change
  • 2014-03-14: Highest IV Rank — 53.3%
  • 2014-03-14: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$89.40$86.91$91.12$89.65$87.53
Max Pain$85.44$82.63$87.63$82.63$87.63
ATM IV14.5%12.9%16.4%14.8%16.3%
Expected Move5.2%5.0%5.4%5.1%5.3%
HV 20d11.4%8.2%14.2%14.2%13.5%
HV 60d13.5%13.0%14.2%13.0%14.0%
IV Rank33.6%15.6%53.3%37.2%50.8%
IV Percentile68.7%34.5%92.9%79.0%90.9%
Term Structure0.2%-0.5%1.0%0.4%-0.2%
VWIV18.7%15.5%24.4%16.9%19.8%
Skew 25d3.6%2.8%4.3%3.8%3.8%
Skew 10d7.5%6.0%9.7%7.7%7.9%
Call IV 25d13.2%11.9%15.2%13.2%14.8%
Put IV 25d16.8%14.9%19.5%17.0%18.6%
Bid-Ask Spread %13.229.5116.6315.7511.57
Gamma HHI0.120.050.410.150.12
Net GEX401.8M-484.9M1.17B510.9M-153.9M
Net DEX-1.84B-6.58B3.94B-3.53B1.97B
Net VEX-42.9M-45.2M-40.8M-43.6M-40.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.210.721.940.901.40
Total Volume505,650.333240,642884,458403,692408,814
Total OI4,591,407.193,611,7525,366,7584,288,5413,970,439

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-03-03$89.65$82.6314.8%5.1%14.2%37.2%16.9%3.8%0.4%510.9M-3.53B-43.6M0.9015.75N/AN/A212,968190,7242,253,3892,035,152
2014-03-04$90.83$82.6313.5%5.0%10.8%24.5%17.8%3.3%-0.2%714.1M-6.35B-43.1M0.7614.86N/AN/A242,814183,5332,329,2092,078,069
2014-03-05$91.12$82.6313.1%5.0%10.8%20.3%15.5%3.4%0.2%644.8M-6.58B-43.0M1.5414.07N/AN/A112,210172,9542,313,6682,141,688
2014-03-06$90.97$82.6313.1%5.0%10.8%20.2%15.5%3.1%0.3%642.9M-6.15B-43.5M1.5613.42N/AN/A127,355198,6332,355,6032,222,626
2014-03-07$90.53$82.6313.1%5.0%10.7%20.8%16.1%3.3%0.1%493.4M-4.97B-43.1M1.3115.66N/AN/A230,953302,3612,376,3812,249,377
2014-03-10$90.63$82.6313.2%5.1%8.5%21.6%17.5%3.6%0.1%734.4M-5.23B-43.0M1.949.51N/AN/A81,859158,7832,405,0102,178,165
2014-03-11$90.15$85.6314.0%5.1%8.7%29.0%18.4%3.5%-0.2%604.8M-3.99B-43.0M1.7711.29N/AN/A148,213261,8872,427,5412,253,909
2014-03-12$90.59$85.6313.3%5.1%8.2%22.3%17.4%3.4%0.2%699.6M-5.11B-43.7M1.349.92N/AN/A151,284202,2242,488,4672,345,265
2014-03-13$89.21$85.6315.5%5.2%10.0%44.4%16.5%3.9%-0.5%352.5M-1.19B-43.9M0.8612.50N/AN/A475,879408,5792,499,2792,389,336
2014-03-14$88.65$85.6316.4%5.4%9.9%53.3%18.7%4.3%-0.4%321.1M642.6M-45.2M1.5816.63N/AN/A285,806452,4912,674,1392,537,185
2014-03-17$89.40$86.6315.0%5.2%10.4%38.7%22.6%4.0%0.8%524.2M-1.60B-45.0M1.2015.58N/AN/A123,607148,5792,659,6932,584,714
2014-03-18$90.48$86.6313.7%5.1%11.2%23.3%17.3%3.7%1.0%761.7M-4.65B-44.5M0.8912.34N/AN/A190,249169,8942,666,6982,628,104
2014-03-19$89.97$86.6313.7%5.1%11.2%24.0%20.3%3.5%0.6%553.2M-3.00B-44.0M0.9512.56N/AN/A257,041244,1372,674,5492,692,209
2014-03-20$90.43$86.6312.9%5.2%11.2%15.6%24.4%2.8%0.8%546.4M-4.47B-42.7M1.1115.95N/AN/A271,271302,2822,628,5412,701,407
2014-03-21$88.95$86.6314.5%5.2%12.7%32.3%19.9%3.8%0.5%-484.9M3.40B-42.0M1.5713.61N/AN/A317,286498,0872,172,3452,759,973
2014-03-24$88.27$86.6315.3%5.2%12.6%40.5%20.4%4.1%-0.0%27.5M1.43B-41.5M1.3113.68N/AN/A258,503339,5741,735,9141,875,838
2014-03-25$88.59$86.6314.5%5.2%12.7%31.7%20.0%3.9%0.5%98.9M745.7M-42.4M0.7211.17N/AN/A277,335200,2631,831,9442,002,954
2014-03-26$87.35$86.6316.2%5.3%13.5%50.3%18.2%3.8%-0.2%-121.4M3.06B-41.0M1.2113.71N/AN/A200,372242,0861,873,5502,038,343
2014-03-27$86.91$87.6316.4%5.4%13.4%52.2%20.7%3.6%0.1%-202.3M3.94B-40.8M0.7711.56N/AN/A462,086357,6591,937,3112,099,988
2014-03-28$87.11$87.6316.4%5.3%13.5%52.2%19.1%3.8%0.1%1.17B2.93B-41.7M0.7612.25N/AN/A424,343323,6792,169,4172,162,162
2014-03-31$87.53$87.6316.3%5.3%13.5%50.8%19.8%3.8%-0.2%-153.9M1.97B-40.8M1.4011.57N/AN/A170,276238,5381,955,0022,015,437