QQQ Options History — March 2016

In March 2016, QQQ traded between $104.02 and $109.40. ATM implied volatility averaged 17.2%, placing in the 21.4% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 0.3% (HV 20d: 17.0%). Max pain ranged from $102.00 to $107.00. Net GEX was positive for 11 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 1.46.

Notable Days

  • 2016-03-04: Highest Volume — 755,076 contracts
  • 2016-03-11: Largest IV drop — 8.5% change
  • 2016-03-08: Highest IV Rank — 35.1%
  • 2016-03-08: Largest Expected Move — 6.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$106.70$104.02$109.40$105.59$109.28
Max Pain$104.23$102.00$107.00$104.00$107.00
ATM IV17.2%14.7%20.8%18.1%15.0%
Expected Move4.9%3.8%6.0%5.7%3.8%
HV 20d17.0%10.7%24.9%24.9%10.7%
HV 60d23.2%22.0%24.5%24.5%22.0%
IV Rank21.4%11.8%35.1%24.9%12.8%
IV Percentile55.2%31.0%73.4%65.5%33.7%
Term Structure0.3%-0.4%0.9%0.6%0.2%
VWIV18.6%14.1%22.7%22.7%14.1%
Skew 25d5.5%4.6%6.3%5.9%4.7%
Skew 10d10.5%9.2%12.1%11.0%9.2%
Call IV 25d14.8%12.6%18.1%15.9%13.0%
Put IV 25d20.3%17.3%24.4%21.8%17.7%
Bid-Ask Spread %1.721.492.071.781.80
Gamma HHI0.070.050.160.060.09
Net GEX-35.3M-523.9M461.1M121.3M145.0M
Net DEX-206.2M-2.68B3.31B-1.19B-2.01B
Net VEX-29.8M-33.8M-26.7M-31.6M-28.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.460.952.011.901.03
Total Volume402,063.864196,459755,076574,855443,078
Total OI3,778,016.9092,676,0104,452,7544,010,4223,253,534

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-03-01$105.59$104.0018.1%5.7%24.9%24.9%22.7%5.9%0.6%121.3M-1.19B-31.6M1.901.78N/AN/A198,059376,7961,422,4802,587,942
2016-03-02$105.71$105.0018.5%5.7%23.4%26.3%22.1%6.2%0.3%121.7M-1.21B-31.9M2.001.70N/AN/A193,449386,9111,450,1562,701,730
2016-03-03$105.58$102.0018.6%5.3%23.4%26.7%21.5%5.7%0.0%9.5M-818.5M-32.2M1.591.79N/AN/A135,166214,2511,475,0662,845,415
2016-03-04$105.71$102.0018.6%5.3%23.3%26.8%21.6%6.0%0.3%35.8M-1.12B-32.0M1.562.07N/AN/A294,929460,1471,501,7022,911,872
2016-03-07$104.92$103.0019.5%5.6%18.6%30.2%20.9%6.1%0.1%-369.6M1.96B-33.1M1.511.66N/AN/A143,349215,9651,233,7492,866,217
2016-03-08$104.02$103.0020.8%6.0%18.2%35.1%21.7%6.3%0.1%-523.9M3.31B-33.8M2.011.96N/AN/A148,935298,9081,248,6362,905,553
2016-03-09$104.65$103.0020.2%5.7%18.1%32.6%21.4%6.2%-0.4%-465.3M2.51B-33.8M1.411.64N/AN/A132,659186,6561,273,5822,981,866
2016-03-10$104.51$103.0019.4%5.5%18.2%29.8%20.1%6.3%-0.2%-435.5M2.69B-32.8M1.331.62N/AN/A245,400325,9161,317,9233,031,318
2016-03-11$106.39$103.0017.8%5.3%18.8%23.5%19.1%5.7%0.9%-111.2M-220.0M-31.1M1.131.61N/AN/A224,186253,2071,362,4453,090,309
2016-03-14$106.77$104.0017.5%5.0%18.7%22.3%20.2%6.1%0.3%-97.5M-343.3M-29.3M1.261.49N/AN/A87,067109,3921,270,9062,917,581
2016-03-15$106.59$104.0017.2%4.9%17.7%21.4%19.2%5.7%0.8%-135.1M-130.8M-29.0M1.171.57N/AN/A94,510110,9561,285,4952,955,370
2016-03-16$107.47$104.0016.4%4.7%16.1%18.0%17.8%5.1%0.0%71.0M-1.47B-27.2M1.091.60N/AN/A170,871186,8751,292,1182,965,602
2016-03-17$107.45$104.0015.8%4.5%15.2%16.0%18.0%4.6%0.0%114.4M-1.46B-27.2M1.521.64N/AN/A116,821178,1401,329,6543,007,198
2016-03-18$107.38$105.0015.8%4.5%15.3%15.9%15.9%4.6%0.0%73.9M827.5M-27.2M1.261.57N/AN/A206,175260,3601,150,0253,055,567
2016-03-21$107.76$105.0015.4%4.3%14.6%14.5%16.8%4.9%0.7%-8.7M-589.0M-27.2M1.871.62N/AN/A95,450178,756870,0851,805,925
2016-03-22$108.02$105.0015.3%4.2%13.2%14.1%15.8%4.9%0.7%41.1M-927.1M-27.5M1.531.76N/AN/A130,683199,443924,8721,899,765
2016-03-23$107.24$105.0016.1%4.5%13.5%17.2%16.6%5.0%0.7%-109.7M83.9M-29.0M1.011.73N/AN/A176,211178,298942,5341,996,078
2016-03-24$107.22$105.0015.9%4.3%13.3%16.2%15.7%4.8%0.7%-87.7M-22.9M-29.2M1.901.78N/AN/A115,953220,7541,016,9102,028,796
2016-03-28$107.09$105.5016.7%4.5%13.4%19.4%16.1%5.5%0.2%-11.2M115.3M-28.3M1.341.82N/AN/A101,849136,093968,7211,945,255
2016-03-29$108.75$105.5015.4%4.0%13.9%14.4%15.5%5.0%0.2%384.4M-1.85B-27.3M0.951.82N/AN/A209,346198,395989,3081,977,606
2016-03-30$109.40$106.0014.7%3.8%10.7%11.8%15.5%4.7%0.2%461.1M-2.68B-26.7M1.691.81N/AN/A188,098316,9421,015,1262,044,380
2016-03-31$109.28$107.0015.0%3.8%10.7%12.8%14.1%4.7%0.2%145.0M-2.01B-28.0M1.031.80N/AN/A217,990225,0881,032,3092,221,225