QQQ Options History — April 2014

In April 2014, QQQ traded between $84.23 and $89.39. ATM implied volatility averaged 17.3%, placing in the 61.3% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded below realized volatility by 2.0% (HV 20d: 19.3%). Max pain ranged from $86.63 to $87.63. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.10.

Notable Days

  • 2014-04-04: Highest Volume — 2,033,952 contracts
  • 2014-04-10: Largest IV spike — 19.1% change
  • 2014-04-11: Highest IV Rank — 99.0%
  • 2014-04-11: Largest Expected Move — 5.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$86.74$84.23$89.39$89.23$87.44
Max Pain$87.58$86.63$87.63$86.63$87.63
ATM IV17.3%14.9%20.9%15.3%16.1%
Expected Move5.3%5.1%5.5%5.1%5.1%
HV 20d19.3%14.5%21.2%14.5%19.9%
HV 60d16.0%14.4%16.8%14.4%15.7%
IV Rank61.3%36.1%99.0%40.0%48.5%
IV Percentile90.8%76.2%99.6%81.0%82.9%
Term Structure-0.3%-0.9%0.3%-0.2%0.0%
VWIV18.6%16.6%20.7%18.3%16.9%
Skew 25d4.1%3.0%4.9%3.4%4.0%
Skew 10d8.4%5.7%10.1%6.6%8.2%
Call IV 25d15.5%13.7%19.0%13.7%14.3%
Put IV 25d19.5%16.7%23.8%17.1%18.2%
Bid-Ask Spread %21.999.5994.119.5912.88
Gamma HHI0.060.040.080.060.05
Net GEX58.4M-391.9M422.8M381.4M247.8M
Net DEX2.31B-2.15B9.14B-1.88B-766.2M
Net VEX-42.4M-45.3M-39.5M-43.2M-42.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.100.651.850.731.38
Total Volume790,513349,9092,033,952592,629518,111
Total OI4,701,333.8573,840,1205,795,0023,980,7034,473,928

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-04-01$89.23$86.6315.3%5.1%14.5%40.0%18.3%3.4%-0.2%381.4M-1.88B-43.2M0.739.59N/AN/A342,739249,8901,990,1281,990,575
2014-04-02$89.39$87.6314.9%5.1%14.5%36.1%17.8%3.0%-0.1%422.8M-2.15B-43.7M1.4012.49N/AN/A145,513204,3962,035,4882,079,953
2014-04-03$88.78$87.6315.4%5.2%14.6%41.2%18.6%3.2%-0.1%260.1M-369.8M-42.8M1.1810.93N/AN/A232,650275,1522,054,4202,117,046
2014-04-04$86.55$87.6317.6%5.2%16.9%64.5%18.8%3.9%-0.4%-204.1M5.10B-39.5M1.1119.00N/AN/A965,8261,068,1262,105,2362,194,536
2014-04-07$85.56$87.6318.5%5.4%17.2%73.9%17.7%4.4%-0.7%-266.5M6.34B-41.2M1.2111.31N/AN/A452,977548,6772,258,3772,428,020
2014-04-08$86.34$87.6317.5%5.3%17.7%63.4%19.6%4.1%-0.7%-147.0M4.76B-42.9M0.7712.30N/AN/A348,787268,0802,417,2582,561,066
2014-04-09$87.81$87.6316.2%5.2%18.8%50.3%19.1%3.9%-0.3%278.5M732.0M-45.3M0.9514.80N/AN/A454,271433,1062,485,5972,622,622
2014-04-10$85.10$87.6319.3%5.4%21.1%82.7%20.7%4.3%-0.9%-391.9M7.65B-41.9M0.8918.70N/AN/A761,837674,4562,574,6262,690,800
2014-04-11$84.23$87.6320.9%5.5%21.2%99.0%18.6%4.9%-0.8%-311.2M9.14B-41.5M1.4115.85N/AN/A555,503785,8202,865,1182,772,293
2014-04-14$84.86$87.6319.7%5.5%21.2%86.7%19.3%4.4%-0.1%-215.7M6.93B-42.2M0.8813.26N/AN/A331,698293,0212,746,9372,679,755
2014-04-15$85.39$87.6319.8%5.4%20.7%87.5%20.3%4.5%-0.2%-111.3M5.67B-43.8M0.9114.07N/AN/A526,907478,6542,820,5112,733,326
2014-04-16$85.66$87.6318.8%5.4%20.8%77.2%19.3%4.4%0.3%47.1M4.61B-43.5M0.7594.11N/AN/A434,146325,0602,946,7942,774,146
2014-04-17$86.16$87.6317.7%5.3%20.8%65.3%19.2%4.2%0.1%74.2M3.77B-42.6M0.9412.83N/AN/A352,546329,8362,956,1012,838,901
2014-04-21$86.84$87.6316.8%5.3%20.4%56.3%18.3%4.5%-0.4%154.0M-72.0M-40.9M0.6513.05N/AN/A242,241156,3421,813,3072,026,813
2014-04-22$87.66$87.6315.6%5.2%20.6%44.0%17.7%3.8%-0.2%363.1M-1.66B-40.9M0.9711.09N/AN/A274,431264,9781,919,2732,099,997
2014-04-23$86.91$87.6316.2%5.1%20.8%50.4%16.6%4.2%-0.2%138.6M57.3M-41.2M1.5282.70N/AN/A219,211333,1821,959,5912,199,028
2014-04-24$87.66$87.6315.9%5.2%20.4%46.7%17.4%3.5%-0.4%360.3M-1.77B-42.0M0.8547.67N/AN/A446,243380,1152,064,6142,303,809
2014-04-25$86.33$87.6317.0%5.3%21.1%58.1%19.6%4.5%-0.4%-49.8M1.70B-42.1M1.8511.92N/AN/A287,670533,6072,169,5142,384,766
2014-04-28$86.59$87.6317.1%5.3%21.1%59.8%18.0%4.2%-0.0%25.0M1.07B-41.7M1.5011.37N/AN/A277,681417,2481,923,4072,233,244
2014-04-29$87.15$87.6316.8%5.2%21.2%55.7%19.4%3.9%-0.1%170.1M-302.2M-43.8M1.2211.94N/AN/A184,406225,6332,062,7072,354,383
2014-04-30$87.44$87.6316.1%5.1%19.9%48.5%16.9%4.0%0.0%247.8M-766.2M-42.8M1.3812.88N/AN/A217,632300,4792,069,7812,404,147