QQQ Options History — March 2015

In March 2015, QQQ traded between $105.16 and $109.39. ATM implied volatility averaged 14.5%, placing in the 28.2% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded above realized volatility by 2.8% (HV 20d: 11.7%). Max pain ranged from $105.00 to $107.00. Net GEX was positive for 10 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 1.33.

Notable Days

  • 2015-03-26: Highest Volume — 899,901 contracts
  • 2015-03-25: Largest IV spike — 21.0% change
  • 2015-03-11: Highest IV Rank — 43.4%
  • 2015-03-11: Largest Expected Move — 4.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$107.11$105.16$109.39$109.39$105.72
Max Pain$106.68$105.00$107.00$105.00$106.50
ATM IV14.5%12.1%16.7%12.1%16.0%
Expected Move4.1%3.4%4.8%3.4%4.5%
HV 20d11.7%9.4%14.6%9.4%14.6%
HV 60d14.3%13.4%14.9%14.7%14.3%
IV Rank28.2%11.9%43.4%11.9%38.7%
IV Percentile54.0%21.0%78.6%21.0%71.0%
Term Structure0.2%-0.2%1.0%-0.1%0.1%
VWIV14.9%12.3%16.8%12.9%15.3%
Skew 25d4.4%3.3%5.0%3.5%5.0%
Skew 10d8.6%5.6%9.8%9.2%9.6%
Call IV 25d12.7%10.5%14.7%10.5%13.6%
Put IV 25d17.1%14.1%19.6%14.1%18.6%
Bid-Ask Spread %2.752.056.762.272.10
Gamma HHI0.080.060.180.090.07
Net GEX-85.4M-847.2M398.7M272.5M-364.0M
Net DEX-795.8M-4.87B2.51B-4.87B1.49B
Net VEX-28.3M-30.7M-23.2M-23.2M-28.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.330.692.601.041.24
Total Volume448,873.591234,656899,901401,018395,701
Total OI3,133,048.3642,466,0253,621,4792,762,7242,903,717

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-03-02$109.39$105.0012.1%3.4%9.4%11.9%12.9%3.5%-0.1%272.5M-4.87B-23.2M1.042.27N/AN/A197,003204,0151,105,6751,657,049
2015-03-03$108.84$105.0012.7%3.6%9.6%15.8%13.2%3.9%0.2%156.9M-3.91B-25.0M1.102.27N/AN/A190,442210,0581,160,3111,732,852
2015-03-04$108.46$105.0013.4%3.9%9.7%20.9%14.5%4.4%0.1%112.2M-3.19B-26.3M2.372.23N/AN/A142,445337,9281,217,8671,764,464
2015-03-05$108.69$107.0013.3%3.9%9.5%20.0%15.6%4.3%0.2%133.2M-3.29B-27.8M1.792.05N/AN/A130,113232,6541,248,5271,913,473
2015-03-06$107.30$107.0014.8%4.4%10.7%30.3%14.7%4.8%0.0%-185.5M-417.5M-29.5M1.172.05N/AN/A344,874402,3481,268,3902,032,428
2015-03-09$107.72$107.0014.6%4.2%10.2%29.1%15.1%4.8%-0.1%-170.0M-1.56B-28.9M1.282.29N/AN/A170,958218,0461,247,2701,944,658
2015-03-10$106.93$107.0014.6%4.2%10.7%29.1%15.4%3.3%0.1%-405.3M-241.4M-26.1M1.452.77N/AN/A213,332309,6891,330,0841,980,100
2015-03-11$105.16$107.0016.7%4.8%11.5%43.4%16.8%4.9%0.1%-376.0M2.19B-29.8M1.302.32N/AN/A159,968207,6171,406,7882,008,337
2015-03-12$105.62$107.0015.5%4.4%11.5%35.1%15.6%4.7%-0.2%-325.6M1.31B-29.5M0.962.86N/AN/A155,947149,0551,434,1972,041,608
2015-03-13$105.25$107.0016.1%4.7%10.8%39.4%16.2%4.7%0.3%-479.5M2.09B-29.5M1.626.76N/AN/A193,338312,3311,494,7122,057,731
2015-03-16$106.43$107.0015.8%4.6%11.2%37.4%15.8%4.6%-0.2%-26.2M-716.9M-29.5M1.042.38N/AN/A177,998184,5861,424,9851,966,359
2015-03-17$106.88$107.0015.1%4.3%11.3%32.3%15.5%4.3%0.2%-3.7M-1.31B-29.9M0.932.41N/AN/A121,410113,2461,459,9292,030,228
2015-03-18$108.06$107.0013.6%3.9%11.9%22.2%14.3%4.0%0.3%250.1M-3.39B-28.7M0.692.59N/AN/A366,953252,7991,478,7902,051,525
2015-03-19$108.08$107.0013.2%3.8%11.8%19.5%14.1%4.0%0.5%300.1M-3.52B-28.8M0.874.45N/AN/A246,935213,9511,522,9312,098,548
2015-03-20$108.53$107.0012.3%3.4%11.7%12.9%12.3%3.8%1.0%398.7M-1.77B-28.4M0.772.92N/AN/A214,511164,5961,282,5862,155,299
2015-03-23$108.22$107.0013.2%3.7%11.7%19.6%13.8%4.2%0.4%215.7M-1.73B-28.3M1.352.75N/AN/A139,075187,1831,040,3281,425,697
2015-03-24$108.06$107.0013.3%3.7%11.7%19.7%14.0%4.2%0.4%112.1M-1.25B-28.7M1.433.11N/AN/A97,703139,5991,071,2031,530,903
2015-03-25$105.53$107.0016.0%4.6%14.4%38.7%15.0%4.8%0.2%-342.8M2.23B-28.7M1.042.78N/AN/A341,821355,5261,102,9331,549,206
2015-03-26$105.18$107.0016.3%4.7%14.2%40.6%16.6%4.9%0.1%-340.8M2.51B-29.2M2.602.11N/AN/A249,629650,2721,256,3541,589,923
2015-03-27$105.58$107.0015.5%4.4%14.2%35.0%15.7%4.7%0.3%-847.2M2.17B-30.7M1.952.83N/AN/A156,653305,5741,294,3521,799,006
2015-03-30$106.71$106.5014.7%4.1%14.3%29.8%14.7%4.7%0.2%35.6M-314.3M-28.2M1.252.15N/AN/A141,227176,1101,195,1551,650,586
2015-03-31$105.72$106.5016.0%4.5%14.6%38.7%15.3%5.0%0.1%-364.0M1.49B-28.6M1.242.10N/AN/A176,901218,8001,199,1681,704,549