QQQ Options History — December 2014

In December 2014, QQQ traded between $100.13 and $105.45. ATM implied volatility averaged 15.2%, placing in the 33.0% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 3.4% (HV 20d: 11.7%). Max pain ranged from $102.00 to $104.00. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 1.26.

Notable Days

  • 2014-12-12: Highest Volume — 799,354 contracts
  • 2014-12-10: Largest IV spike — 25.3% change
  • 2014-12-16: Highest IV Rank — 73.4%
  • 2014-12-16: Largest Expected Move — 5.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$104.02$100.13$105.45$104.80$103.29
Max Pain$103.59$102.00$104.00$102.00$104.00
ATM IV15.2%11.7%21.1%13.9%16.8%
Expected Move4.7%4.1%5.9%4.4%4.9%
HV 20d11.7%6.6%16.0%6.8%15.8%
HV 60d16.3%15.8%17.3%15.9%16.6%
IV Rank33.0%9.0%73.4%24.4%43.8%
IV Percentile64.3%13.1%98.0%57.5%85.7%
Term Structure0.2%-0.6%0.8%-0.3%0.1%
VWIV16.8%14.2%20.7%16.3%17.1%
Skew 25d4.8%3.6%6.7%3.9%6.1%
Skew 10d9.6%6.9%13.2%8.1%12.6%
Call IV 25d13.3%10.3%18.4%12.4%14.6%
Put IV 25d18.1%13.9%24.6%16.3%20.7%
Bid-Ask Spread %2.221.529.501.532.14
Gamma HHI0.060.040.150.050.06
Net GEX147.1M-260.6M432.0M171.9M-20.1M
Net DEX-3.49B-7.33B2.33B-6.26B-149.2M
Net VEX-29.1M-33.9M-25.8M-28.5M-26.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.260.781.891.511.05
Total Volume515,792.773258,342799,354513,855439,186
Total OI4,380,846.4093,398,2925,179,9504,234,2333,742,128

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-12-01$104.80$102.0013.9%4.4%6.8%24.4%16.3%3.9%-0.3%171.9M-6.26B-28.5M1.511.53N/AN/A204,342309,5131,609,0412,625,192
2014-12-02$105.15$102.0013.1%4.3%6.9%18.9%15.1%3.9%-0.2%202.0M-6.70B-29.4M1.131.69N/AN/A155,096175,3991,651,0152,699,489
2014-12-03$105.45$103.0012.2%4.2%6.6%12.7%14.2%3.8%0.5%212.4M-7.05B-29.4M0.921.52N/AN/A164,476150,9051,679,7492,763,526
2014-12-04$105.44$104.0012.2%4.2%6.6%12.4%14.8%3.6%0.5%235.1M-7.33B-29.0M0.791.84N/AN/A218,314172,0611,739,9852,810,641
2014-12-05$105.26$104.0011.7%4.1%6.7%9.0%14.5%3.6%0.8%237.4M-7.26B-29.1M1.181.61N/AN/A199,176235,6371,809,9232,862,407
2014-12-08$104.46$104.0013.4%4.4%7.5%20.8%15.6%4.2%0.2%245.7M-5.60B-28.2M1.811.62N/AN/A163,206295,4081,778,6762,746,357
2014-12-09$104.99$104.0013.5%4.3%7.6%21.7%16.8%4.7%0.2%342.0M-6.40B-30.2M1.361.66N/AN/A262,719356,8061,830,3042,824,524
2014-12-10$103.18$104.0017.0%4.9%10.1%45.2%17.5%5.8%-0.1%-43.5M-2.39B-33.2M1.581.68N/AN/A238,260376,7471,864,3972,924,402
2014-12-11$103.64$104.0017.2%5.0%10.1%47.1%18.1%5.9%-0.3%38.6M-3.24B-33.9M1.351.98N/AN/A253,568342,4171,934,0532,996,462
2014-12-12$102.71$104.0019.1%5.4%10.6%59.7%20.0%6.7%-0.6%-159.0M-1.18B-33.9M1.241.64N/AN/A357,226442,1281,962,2433,055,125
2014-12-15$101.89$104.0018.9%5.5%10.9%58.5%19.9%6.0%0.1%-109.6M-508.4M-31.5M1.041.78N/AN/A333,735348,7111,924,4722,957,332
2014-12-16$100.13$103.0021.1%5.9%12.5%73.4%20.7%6.2%-0.1%-260.6M2.33B-31.8M1.211.83N/AN/A318,026385,3222,011,7652,989,029
2014-12-17$101.87$103.0017.8%5.3%13.8%51.1%19.0%5.1%0.2%-60.3M-959.8M-30.8M1.001.75N/AN/A363,520364,8552,071,9923,035,918
2014-12-18$104.19$103.0015.4%4.8%16.0%34.6%17.6%4.3%0.1%414.2M-6.69B-27.0M0.782.33N/AN/A448,744348,0892,109,2953,070,655
2014-12-19$104.27$103.0014.7%4.6%15.9%29.8%16.6%4.5%0.0%329.6M-988.7M-27.7M1.149.50N/AN/A306,730349,2241,589,0863,138,090
2014-12-22$104.47$104.0014.6%4.6%15.9%28.7%15.9%4.4%0.5%214.3M-2.61B-26.9M1.302.42N/AN/A214,282277,5501,300,5922,097,700
2014-12-23$104.35$104.0014.3%4.5%15.7%26.7%16.0%4.3%0.6%171.0M-2.31B-26.6M1.181.85N/AN/A222,012262,2521,357,3772,146,415
2014-12-24$104.30$104.0014.1%4.5%15.7%25.8%16.3%4.1%0.5%222.5M-2.42B-27.8M1.603.02N/AN/A99,497158,8451,427,6082,218,942
2014-12-26$105.11$104.0013.9%4.3%15.7%24.0%15.7%4.1%0.7%432.0M-3.87B-27.0M1.511.77N/AN/A147,547222,3541,450,7232,269,757
2014-12-29$105.07$104.0014.5%4.3%15.7%28.0%15.3%4.5%0.3%252.8M-3.21B-26.3M1.891.64N/AN/A137,350259,4181,400,3452,212,435
2014-12-30$104.39$104.0014.5%4.5%15.4%28.5%16.0%4.8%0.4%168.6M-1.96B-25.8M1.152.00N/AN/A124,265142,5231,412,6232,276,831
2014-12-31$103.29$104.0016.8%4.9%15.8%43.8%17.1%6.1%0.1%-20.1M-149.2M-26.8M1.052.14N/AN/A214,075225,1111,434,3232,307,805