QQQ Options History — December 2018

In December 2018, QQQ traded between $144.51 and $172.03. ATM implied volatility averaged 27.7%, placing in the 75.6% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded below realized volatility by 1.5% (HV 20d: 29.2%). Max pain ranged from $162.00 to $173.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 1.47.

Notable Days

2018-12-21: Highest Volume — 1,510,331 contracts
2018-12-04: Largest IV spike — 16.9% change
2018-12-21: Highest IV Rank — 100.0%
2018-12-24: Largest Expected Move — 10.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$158.88	$144.51	$172.03	$172.03	$153.78
Max Pain	$170.00	$162.00	$173.00	$170.00	$162.00
ATM IV	27.7%	20.0%	36.0%	20.0%	30.5%
Expected Move	8.2%	6.3%	10.7%	6.3%	9.0%
HV 20d	29.2%	26.3%	34.6%	27.4%	32.6%
HV 60d	28.0%	25.7%	30.9%	25.7%	30.7%
IV Rank	75.6%	43.5%	100.0%	43.5%	77.4%
IV Percentile	93.0%	73.0%	100.0%	73.0%	97.2%
Term Structure	-0.2%	-0.8%	0.5%	0.2%	-0.3%
VWIV	28.8%	22.3%	36.2%	22.3%	32.4%
Skew 25d	7.1%	5.0%	9.3%	5.0%	8.8%
Skew 10d	13.1%	9.0%	17.3%	9.0%	16.4%
Call IV 25d	24.3%	17.6%	31.0%	17.6%	26.3%
Put IV 25d	31.4%	22.5%	40.2%	22.5%	35.1%
Bid-Ask Spread %	3.60	2.48	5.00	2.89	3.18
Gamma HHI	0.05	0.03	0.08	0.03	0.04
Net GEX	-1.31B	-2.09B	-140.3M	-140.3M	-763.0M
Net DEX	23.65B	480.7M	45.45B	480.7M	16.66B
Net VEX	-96.9M	-116.0M	-70.3M	-113.5M	-84.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.47	1.04	1.96	1.25	1.62
Total Volume	990,569.75	451,078	1,510,331	936,853	713,777
Total OI	8,177,344.9	6,519,501	9,136,071	8,283,983	6,760,043

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2018-12-03	$172.03	$170.00	20.0%	6.3%	27.4%	43.5%	22.3%	5.0%	0.2%	-140.3M	480.7M	-113.5M	1.25	2.89	N/A	N/A	416,644	520,209	3,227,422	5,056,561
2018-12-04	$166.08	$170.00	23.4%	7.5%	30.2%	59.7%	26.1%	6.3%	-0.1%	-1.32B	16.93B	-115.7M	1.68	3.29	N/A	N/A	408,842	686,274	3,245,687	5,161,687
2018-12-05	$165.79	$170.00	23.6%	7.7%	30.0%	60.7%	26.9%	6.3%	-0.1%	-1.35B	17.37B	-113.7M	1.71	4.25	N/A	N/A	431,964	738,503	3,245,687	5,161,687
2018-12-06	$166.57	$173.00	24.1%	6.9%	27.7%	63.1%	24.3%	6.2%	0.1%	-1.30B	15.80B	-116.0M	1.53	3.75	N/A	N/A	449,855	690,174	3,327,590	5,316,055
2018-12-07	$163.49	$173.00	24.6%	7.2%	28.3%	65.5%	25.2%	6.5%	0.1%	-1.76B	23.67B	-111.7M	1.41	3.75	N/A	N/A	187,013	264,065	3,446,144	5,367,946
2018-12-10	$163.22	$173.00	25.7%	7.3%	28.1%	70.5%	27.2%	6.4%	-0.1%	-1.44B	21.90B	-106.8M	1.96	3.36	N/A	N/A	377,708	740,030	3,253,920	5,048,975
2018-12-11	$164.18	$173.00	24.7%	7.2%	26.3%	65.9%	25.0%	6.3%	0.2%	-1.32B	19.15B	-108.7M	1.10	2.92	N/A	N/A	401,401	439,657	3,383,588	5,203,379
2018-12-12	$165.86	$173.00	24.3%	7.1%	26.6%	64.0%	26.3%	6.3%	0.4%	-1.03B	14.49B	-109.0M	1.35	3.41	N/A	N/A	339,677	458,670	3,443,499	5,198,725
2018-12-13	$165.10	$173.00	24.0%	7.0%	26.6%	62.2%	25.1%	6.0%	0.5%	-1.24B	16.82B	-106.3M	1.39	2.48	N/A	N/A	273,746	379,604	3,494,228	5,294,607
2018-12-14	$160.73	$172.00	26.1%	7.5%	27.8%	72.7%	26.7%	6.3%	0.1%	-2.09B	28.48B	-101.6M	1.45	2.88	N/A	N/A	372,895	539,129	3,531,869	5,352,364
2018-12-17	$156.26	$172.00	29.4%	8.4%	29.3%	88.3%	28.9%	7.2%	-0.8%	-1.84B	35.20B	-90.7M	1.61	3.41	N/A	N/A	385,542	620,291	3,411,490	5,083,534
2018-12-18	$159.00	$172.00	27.8%	8.0%	27.3%	80.4%	29.0%	5.9%	-0.5%	-1.64B	28.72B	-94.8M	1.92	3.18	N/A	N/A	371,916	712,828	3,576,285	5,144,402
2018-12-19	$154.64	$171.00	28.4%	8.1%	28.5%	83.5%	28.0%	6.3%	-0.2%	-1.91B	37.60B	-85.8M	1.14	5.00	N/A	N/A	516,261	589,153	3,686,541	5,222,786
2018-12-20	$152.22	$171.00	30.5%	8.8%	28.8%	93.7%	30.7%	7.1%	-0.6%	-1.93B	39.63B	-80.6M	1.81	3.91	N/A	N/A	504,933	915,389	3,781,526	5,104,895
2018-12-21	$147.79	$170.00	32.2%	9.3%	30.2%	100.0%	31.6%	7.9%	-0.8%	-1.59B	45.45B	-75.2M	1.94	4.09	N/A	N/A	514,233	996,098	3,941,989	5,194,082
2018-12-24	$144.51	$170.00	36.0%	10.7%	29.3%	100.0%	35.9%	9.3%	-0.3%	-1.03B	34.26B	-70.3M	1.17	4.53	N/A	N/A	301,939	353,411	2,510,772	4,048,968
2018-12-26	$151.31	$166.00	32.3%	9.6%	34.6%	84.9%	34.7%	8.9%	-0.3%	-965.6M	22.91B	-80.0M	1.33	3.42	N/A	N/A	482,489	643,316	2,643,726	3,875,775
2018-12-27	$152.18	$164.00	33.5%	10.1%	32.4%	89.9%	36.2%	9.1%	-0.3%	-820.7M	19.47B	-86.1M	1.07	3.89	N/A	N/A	456,308	489,303	2,833,959	3,970,005
2018-12-28	$152.79	$162.00	32.5%	9.6%	32.4%	85.5%	33.4%	9.3%	-0.1%	-714.3M	18.01B	-87.2M	1.04	4.43	N/A	N/A	551,844	576,304	2,956,797	4,037,703
2018-12-31	$153.78	$162.00	30.5%	9.0%	32.6%	77.4%	32.4%	8.8%	-0.3%	-763.0M	16.66B	-84.6M	1.62	3.18	N/A	N/A	272,359	441,418	2,851,858	3,908,185