QQQ Options History — May 2014

In May 2014, QQQ traded between $86.50 and $91.35. ATM implied volatility averaged 14.3%, placing in the 30.2% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 0.9% (HV 20d: 13.4%). Max pain ranged from $87.63 to $90.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 1.55.

Notable Days

  • 2014-05-15: Highest Volume — 874,529 contracts
  • 2014-05-09: Largest IV drop — 7.0% change
  • 2014-05-08: Highest IV Rank — 49.4%
  • 2014-05-06: Largest Expected Move — 5.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$88.43$86.50$91.35$87.71$91.21
Max Pain$88.33$87.63$90.00$87.63$89.00
ATM IV14.3%12.5%16.1%15.7%12.5%
Expected Move4.9%4.6%5.2%5.1%4.6%
HV 20d13.4%10.2%20.0%20.0%11.0%
HV 60d15.4%14.9%15.8%15.7%15.5%
IV Rank30.2%10.9%49.4%44.5%10.9%
IV Percentile55.8%16.3%82.9%80.6%16.3%
Term Structure0.2%-0.1%0.5%-0.0%0.5%
VWIV17.8%15.7%21.5%17.9%19.2%
Skew 25d3.5%2.9%4.2%3.7%2.9%
Skew 10d6.9%5.5%8.0%7.4%5.5%
Call IV 25d12.8%11.3%14.5%13.9%11.5%
Put IV 25d16.3%14.3%18.3%17.6%14.3%
Bid-Ask Spread %11.788.2216.4412.3811.11
Gamma HHI0.070.040.260.050.06
Net GEX180.9M-137.7M593.0M317.5M121.9M
Net DEX-1.32B-4.96B1.97B-1.45B-4.79B
Net VEX-42.1M-43.8M-41.2M-43.8M-41.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.551.042.141.121.35
Total Volume522,866.762326,841874,529541,742406,914
Total OI4,534,932.7143,876,2045,216,1694,611,0934,695,797

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-05-01$87.71$87.6315.7%5.1%20.0%44.5%17.9%3.7%-0.0%317.5M-1.45B-43.8M1.1212.38N/AN/A255,022286,7202,121,8102,489,283
2014-05-02$87.50$87.6315.6%5.0%19.9%43.1%18.0%3.7%0.0%356.0M-1.01B-43.3M2.1416.44N/AN/A176,358377,7192,168,9592,555,226
2014-05-05$87.81$87.6315.1%5.1%17.6%38.6%17.6%3.5%0.1%153.1M-762.9M-42.2M1.4913.73N/AN/A144,735215,5251,949,2182,284,351
2014-05-06$86.86$87.6315.7%5.2%17.5%44.8%19.2%3.6%-0.0%-112.6M1.37B-41.4M2.1012.62N/AN/A138,952291,3591,982,9702,345,884
2014-05-07$86.56$87.6316.1%5.2%17.3%48.8%17.6%3.6%0.1%-137.7M1.97B-41.4M1.0414.30N/AN/A413,517430,2212,033,7292,404,487
2014-05-08$86.50$87.6316.1%5.1%16.2%49.4%18.5%3.7%0.0%-96.5M1.92B-41.9M1.4211.72N/AN/A327,955464,0632,154,7422,458,610
2014-05-09$86.78$87.6315.0%5.1%11.4%37.5%0.0%3.5%0.2%-16.3M1.36B-41.7M1.2711.83N/AN/A314,435398,9702,212,8662,541,949
2014-05-12$88.20$87.6314.7%5.0%11.8%34.6%19.0%3.5%0.2%451.7M-2.16B-41.4M1.1612.37N/AN/A264,641307,3392,143,7662,487,315
2014-05-13$88.25$87.6314.4%5.0%11.7%31.5%16.4%3.5%0.4%542.5M-2.51B-42.2M1.6910.23N/AN/A171,118288,8252,274,6872,537,190
2014-05-14$87.92$87.6314.1%5.0%11.8%28.4%17.6%3.6%0.3%352.7M-1.27B-41.5M1.3410.79N/AN/A162,141217,3472,285,1452,622,776
2014-05-15$87.14$87.6315.0%5.1%12.3%37.9%19.7%3.7%0.2%-85.8M1.19B-41.2M2.0512.50N/AN/A287,065587,4642,309,9292,648,001
2014-05-16$87.64$87.6314.3%5.1%12.3%29.8%21.5%3.4%0.1%593.0M-308.2M-42.2M1.0916.28N/AN/A310,598337,9812,389,7382,826,431
2014-05-19$88.34$0.0013.9%4.8%12.3%25.5%16.8%3.9%0.5%105.0M-894.0M-41.5M1.759.72N/AN/A159,438278,6861,668,6942,207,510
2014-05-20$87.96$90.0014.3%4.8%12.0%30.4%17.7%4.0%0.1%-11.0M205.3M-42.9M2.0510.73N/AN/A128,059262,8361,736,3872,363,517
2014-05-21$88.36$90.0013.4%4.8%11.6%20.4%18.6%4.2%0.5%273.6M-1.62B-42.6M1.3211.53N/AN/A197,733260,6951,773,1632,412,237
2014-05-22$89.23$90.0013.5%4.7%11.7%21.5%17.2%3.3%0.2%300.9M-2.16B-43.2M1.919.08N/AN/A156,937299,9421,820,5692,532,935
2014-05-23$89.85$89.0012.7%4.6%10.2%13.3%16.9%3.1%0.0%187.6M-3.36B-43.2M1.6812.54N/AN/A146,302246,4781,857,2222,645,525
2014-05-27$90.99$89.0012.9%4.6%10.9%15.0%15.8%3.3%-0.0%258.7M-4.45B-41.2M1.439.18N/AN/A172,059246,5741,777,5522,507,296
2014-05-28$90.87$89.0012.9%4.6%10.9%15.6%15.9%3.3%0.2%129.2M-4.03B-41.9M1.418.22N/AN/A215,945304,6931,796,5672,608,882
2014-05-29$91.35$89.0012.7%4.6%10.9%12.7%15.7%3.2%-0.1%116.2M-4.96B-42.0M1.6610.02N/AN/A122,692204,1491,847,7542,752,918
2014-05-30$91.21$89.0012.5%4.6%11.0%10.9%19.2%2.9%0.5%121.9M-4.79B-41.7M1.3511.11N/AN/A173,334233,5801,864,0952,831,702