QQQ Options History — September 2014

In September 2014, QQQ traded between $97.85 and $100.32. ATM implied volatility averaged 13.0%, placing in the 24.9% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 5.2% (HV 20d: 7.8%). Max pain ranged from $93.00 to $96.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 1.25.

Notable Days

  • 2014-09-19: Highest Volume — 855,933 contracts
  • 2014-09-25: Largest IV spike — 21.6% change
  • 2014-09-30: Highest IV Rank — 57.5%
  • 2014-09-30: Largest Expected Move — 4.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$99.35$97.85$100.32$100.03$98.73
Max Pain$94.14$93.00$96.00$93.00$96.00
ATM IV13.0%11.0%16.5%11.2%16.5%
Expected Move4.4%4.0%4.7%4.3%4.7%
HV 20d7.8%5.5%12.1%7.0%12.1%
HV 60d9.6%8.8%10.8%8.9%10.8%
IV Rank24.9%6.3%57.5%8.0%57.5%
IV Percentile39.3%6.3%90.9%7.1%90.9%
Term Structure0.3%-0.1%0.8%0.4%-0.1%
VWIV15.9%13.9%19.2%15.1%15.6%
Skew 25d4.1%3.0%5.5%3.3%5.3%
Skew 10d8.2%5.9%10.6%5.9%9.8%
Call IV 25d11.4%9.7%14.1%10.0%14.1%
Put IV 25d15.5%13.1%19.3%13.2%19.3%
Bid-Ask Spread %8.215.0112.815.0110.43
Gamma HHI0.080.040.380.050.05
Net GEX21.6M-952.7M781.8M247.2M-230.4M
Net DEX-3.73B-7.88B1.94B-6.73B-783.8M
Net VEX-41.2M-44.0M-38.2M-38.2M-44.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.250.571.771.281.27
Total Volume525,824265,834855,933265,834478,892
Total OI4,682,965.1433,906,8935,337,3474,339,8064,302,859

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-09-02$100.03$93.0011.2%4.3%7.0%8.0%15.1%3.3%0.4%247.2M-6.73B-38.2M1.285.01N/AN/A116,503149,3311,647,3562,692,450
2014-09-03$99.56$93.0011.8%4.3%6.0%13.6%14.8%3.5%0.4%136.4M-5.45B-40.8M1.265.19N/AN/A171,933216,8261,690,4962,768,539
2014-09-04$99.48$93.0011.9%4.4%6.1%14.8%16.2%3.5%0.3%145.7M-5.31B-40.9M1.775.69N/AN/A138,988246,3121,754,4142,840,068
2014-09-05$99.92$93.0011.0%4.2%5.7%6.3%15.3%3.4%0.5%257.3M-6.51B-39.1M1.0210.02N/AN/A204,564209,3131,798,5352,922,676
2014-09-08$100.05$93.0011.7%4.3%5.7%12.0%14.6%3.6%0.2%264.9M-6.61B-39.2M1.068.45N/AN/A217,884231,3941,780,6902,849,507
2014-09-09$99.38$93.0012.3%4.4%6.3%18.3%15.7%4.1%0.5%149.2M-4.76B-41.2M1.646.10N/AN/A195,852321,1801,869,3422,956,949
2014-09-10$100.04$93.0012.1%4.3%6.4%16.4%18.9%3.9%0.0%200.6M-6.39B-40.4M1.387.94N/AN/A197,584273,4201,939,0333,055,597
2014-09-11$100.00$93.0011.9%4.3%5.5%14.3%16.1%3.9%0.2%18.2M-6.00B-41.5M0.906.01N/AN/A288,192258,8281,970,9263,150,801
2014-09-12$99.47$93.0012.7%4.4%5.9%22.1%16.3%4.3%0.4%-952.7M-4.45B-41.6M1.237.61N/AN/A238,389293,7462,015,1253,192,899
2014-09-15$98.53$94.0013.9%4.5%6.9%33.2%14.9%4.5%0.7%61.6M-2.46B-42.1M1.125.74N/AN/A281,704314,4431,952,1713,032,824
2014-09-16$99.38$94.0013.0%4.4%7.1%24.9%17.3%4.0%0.1%354.6M-4.93B-41.0M0.917.19N/AN/A225,237204,0182,071,3603,130,878
2014-09-17$99.56$94.0011.8%4.3%6.9%13.4%13.9%3.5%0.8%425.0M-5.38B-39.6M1.047.64N/AN/A263,699274,1012,108,4183,190,458
2014-09-18$100.32$94.0011.5%4.2%7.3%10.8%16.3%3.0%0.3%781.8M-7.88B-39.3M0.5712.60N/AN/A527,284299,8692,121,5283,215,819
2014-09-19$99.98$95.0011.7%4.0%7.5%12.5%14.3%3.6%0.5%884.7K-2.11B-39.7M1.2412.81N/AN/A382,701473,2321,687,2793,341,319
2014-09-22$99.02$95.0013.4%4.4%8.3%28.5%15.5%4.2%0.2%-103.6M-840.4M-41.2M1.436.82N/AN/A217,554311,6381,526,3762,380,517
2014-09-23$98.66$95.0014.5%4.5%8.3%38.8%16.3%4.6%0.2%-266.7M-91.9M-42.6M1.4310.16N/AN/A185,875265,5381,594,4702,497,132
2014-09-24$99.86$95.0013.2%4.4%9.4%26.3%15.5%4.1%0.3%245.4M-2.90B-42.1M1.218.10N/AN/A234,089282,5801,657,8012,571,793
2014-09-25$97.85$96.0016.0%4.7%11.9%53.1%15.5%5.2%0.1%-631.0M1.94B-43.8M1.6010.18N/AN/A303,082486,3051,680,6192,656,562
2014-09-26$98.00$96.0015.0%4.6%11.9%44.0%17.0%5.5%0.3%-372.3M-340.7M-43.8M1.5610.44N/AN/A260,919407,4581,795,1252,708,817
2014-09-29$98.61$96.0016.0%4.7%12.1%53.5%19.2%5.2%-0.0%-279.6M-319.3M-43.9M1.278.27N/AN/A172,343219,5041,600,5942,622,146
2014-09-30$98.73$96.0016.5%4.7%12.1%57.5%15.6%5.3%-0.1%-230.4M-783.8M-44.0M1.2710.43N/AN/A210,946267,9461,625,5732,677,286