QQQ Options History — May 2015

In May 2015, QQQ traded between $106.59 and $111.00. ATM implied volatility averaged 13.6%, placing in the 22.1% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded below realized volatility by 1.2% (HV 20d: 14.8%). Max pain ranged from $107.00 to $109.00. Net GEX was positive for 13 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 1.28.

Notable Days

  • 2015-05-06: Highest Volume — 696,871 contracts
  • 2015-05-26: Largest IV spike — 14.7% change
  • 2015-05-06: Highest IV Rank — 40.3%
  • 2015-05-06: Largest Expected Move — 4.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$109.19$106.59$111.00$109.05$110.17
Max Pain$108.21$107.00$109.00$108.00$109.00
ATM IV13.6%12.2%16.3%13.1%13.4%
Expected Move4.0%3.5%4.8%3.8%3.9%
HV 20d14.8%13.5%16.4%13.8%13.9%
HV 60d13.3%12.9%13.8%13.0%13.8%
IV Rank22.1%12.7%40.3%18.8%20.6%
IV Percentile46.8%23.4%81.3%38.5%47.6%
Term Structure0.2%-0.6%0.9%0.4%-0.1%
VWIV14.6%13.0%17.5%14.0%13.6%
Skew 25d4.3%3.8%4.9%4.0%4.4%
Skew 10d8.5%7.3%9.4%7.9%8.4%
Call IV 25d11.7%10.5%14.0%11.3%11.6%
Put IV 25d16.0%14.4%18.8%15.2%15.9%
Bid-Ask Spread %2.281.605.312.202.25
Gamma HHI0.060.050.100.100.10
Net GEX94.2M-265.6M557.9M470.8M-223.3M
Net DEX-823.0M-2.46B2.30B-1.89B-739.8M
Net VEX-28.1M-30.3M-27.0M-28.1M-28.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.280.921.811.451.44
Total Volume405,997.95239,042696,871525,015481,927
Total OI3,045,911.352,441,6173,554,6973,239,7323,016,663

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-05-01$109.05$108.0013.1%3.8%13.8%18.8%14.0%4.0%0.4%470.8M-1.89B-28.1M1.452.20N/AN/A214,264310,7511,448,8801,790,852
2015-05-04$109.23$107.0013.4%4.2%13.7%20.6%14.8%4.0%0.3%375.4M-2.04B-27.9M1.085.31N/AN/A141,574152,3031,264,0271,633,355
2015-05-05$107.52$107.6314.9%4.5%14.9%31.3%16.3%4.5%0.2%-102.1M866.6M-28.4M1.441.61N/AN/A233,107335,7341,296,6311,699,891
2015-05-06$106.59$107.6316.3%4.8%15.2%40.3%16.1%4.9%0.1%-265.6M2.30B-28.8M1.431.63N/AN/A286,517410,3541,357,8671,772,231
2015-05-07$107.35$107.6315.6%4.6%15.1%35.5%17.5%4.9%0.1%-97.4M1.01B-30.3M1.271.64N/AN/A189,856240,8721,455,3001,879,521
2015-05-08$108.64$107.0013.5%4.2%15.7%21.6%14.5%4.1%0.3%285.9M-1.19B-29.0M0.952.13N/AN/A287,656274,6011,477,3411,932,992
2015-05-11$108.20$108.0014.2%4.3%15.7%26.5%15.7%4.4%0.8%11.0M-100.1M-29.2M1.815.09N/AN/A99,689180,2551,403,2611,897,451
2015-05-12$107.93$108.0014.4%4.3%15.7%27.7%16.3%4.5%0.6%-165.4M695.0M-28.9M1.141.61N/AN/A192,827220,3471,415,1191,955,534
2015-05-13$107.97$108.0014.2%4.3%15.5%26.5%15.7%4.5%0.5%-83.3M587.3M-28.1M1.331.60N/AN/A144,672192,5131,454,7101,982,114
2015-05-14$109.62$108.0013.1%3.9%16.4%18.4%14.4%4.0%0.7%557.9M-2.46B-27.7M0.921.66N/AN/A241,615223,0941,466,2302,013,912
2015-05-15$109.58$108.0012.6%3.8%15.2%15.4%14.6%3.9%0.9%284.0M-2.32B-27.0M0.921.73N/AN/A228,308210,7471,481,7822,072,915
2015-05-18$110.04$108.0012.9%3.8%14.3%17.5%13.8%4.2%0.1%89.2M-1.33B-27.1M1.302.18N/AN/A104,129134,9131,020,7911,420,826
2015-05-19$109.85$108.6313.1%3.8%14.3%18.4%13.0%4.3%-0.0%35.9M-1.10B-27.3M1.212.31N/AN/A140,114170,1901,053,0241,475,763
2015-05-20$110.05$108.6313.1%3.8%14.2%18.6%13.7%4.0%-0.1%27.9M-1.20B-28.2M1.152.01N/AN/A126,512145,8431,135,7721,578,192
2015-05-21$110.56$109.0012.4%3.6%14.2%14.2%13.6%4.0%0.2%191.6M-1.91B-27.7M1.492.05N/AN/A116,276173,2791,152,6851,616,694
2015-05-22$110.54$109.0012.2%3.5%13.5%12.7%13.5%3.8%0.0%192.1M-1.88B-28.0M1.202.13N/AN/A142,899171,8881,171,9211,673,553
2015-05-26$109.19$109.0014.0%4.1%14.1%25.0%14.3%4.6%-0.2%-136.5M255.2M-27.4M1.662.05N/AN/A187,075311,1971,113,3961,561,346
2015-05-27$111.00$109.0012.5%3.6%15.3%14.5%13.5%4.3%-0.1%360.9M-2.38B-27.0M1.202.15N/AN/A184,083220,9761,161,6361,659,973
2015-05-28$110.74$109.0012.9%3.8%15.2%17.5%13.6%4.2%-0.6%74.5M-1.62B-27.7M1.202.31N/AN/A135,114161,8881,189,7351,764,341
2015-05-29$110.17$109.0013.4%3.9%13.9%20.6%13.6%4.4%-0.1%-223.3M-739.8M-28.1M1.442.25N/AN/A197,601284,3261,214,6601,802,003