QQQ Options History — September 2019

In September 2019, QQQ traded between $185.86 and $193.75. ATM implied volatility averaged 17.7%, placing in the 17.9% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded below realized volatility by 0.8% (HV 20d: 18.5%). Max pain ranged from $186.00 to $191.00. Net GEX was positive for 8 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 1.81.

Notable Days

  • 2019-09-24: Highest Volume — 1,031,244 contracts
  • 2019-09-24: Largest IV spike — 14.4% change
  • 2019-09-03: Highest IV Rank — 34.7%
  • 2019-09-03: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$190.57$185.86$193.75$185.86$188.75
Max Pain$189.30$186.00$191.00$186.00$190.00
ATM IV17.7%15.4%21.4%21.4%19.4%
Expected Move5.0%4.4%6.4%6.4%5.4%
HV 20d18.5%12.8%23.8%23.0%15.3%
HV 60d18.1%17.7%18.4%17.8%18.4%
IV Rank17.9%7.5%34.7%34.7%25.7%
IV Percentile40.4%19.8%67.1%67.1%54.0%
Term Structure0.3%-0.1%0.7%-0.1%-0.1%
VWIV19.5%16.7%23.7%23.7%19.9%
Skew 25d6.4%5.1%8.3%8.3%7.1%
Skew 10d11.8%9.5%15.0%15.0%12.5%
Call IV 25d14.9%12.9%17.8%17.8%16.0%
Put IV 25d21.2%18.6%26.1%26.1%23.0%
Bid-Ask Spread %1.731.352.061.371.77
Gamma HHI0.040.030.060.030.04
Net GEX-380.9M-2.07B849.5M-1.09B-1.07B
Net DEX-1.31B-10.62B10.95B6.82B5.60B
Net VEX-108.0M-118.5M-101.5M-118.5M-108.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.811.172.291.782.19
Total Volume586,228.9380,0251,031,244478,657480,093
Total OI6,486,668.85,274,5257,347,4176,329,0855,919,840

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-09-03$185.86$186.0021.4%6.4%23.0%34.7%23.7%8.3%-0.1%-1.09B6.82B-118.5M1.781.37N/AN/A172,138306,5192,167,0344,162,051
2019-09-04$188.39$186.0019.3%5.7%23.1%25.0%22.3%7.8%0.1%-531.0M984.3M-115.5M1.891.35N/AN/A171,271324,1762,234,3484,212,070
2019-09-05$191.75$188.0017.4%5.0%23.8%16.8%20.4%6.9%0.2%397.7M-6.61B-112.0M1.602.02N/AN/A253,287404,7422,272,1454,275,552
2019-09-06$191.82$188.0016.1%4.8%22.7%10.8%20.0%6.2%0.4%293.0M-6.41B-109.9M1.961.62N/AN/A161,805316,4902,287,7684,364,980
2019-09-09$190.99$188.0017.0%5.0%22.7%14.8%19.6%6.7%0.3%-149.6M-3.52B-108.3M1.441.77N/AN/A185,266266,0402,216,3534,210,422
2019-09-10$189.90$188.0017.6%5.1%22.1%17.6%19.7%6.9%0.2%-609.4M-617.7M-109.5M1.511.83N/AN/A263,931397,9662,242,5974,317,745
2019-09-11$191.97$189.0016.5%4.8%21.2%12.4%20.0%6.3%0.3%179.8M-6.24B-108.1M1.791.50N/AN/A178,773320,2312,355,5134,442,155
2019-09-12$193.75$190.0015.4%4.4%18.2%7.5%16.7%5.7%0.1%849.5M-10.62B-103.9M1.171.90N/AN/A257,483302,2952,375,5724,602,853
2019-09-13$192.68$190.0015.9%4.6%18.4%10.0%18.4%5.8%0.1%252.1M-7.74B-105.9M1.712.06N/AN/A225,975387,1302,422,4184,686,146
2019-09-16$191.61$190.0017.2%4.9%18.1%15.7%19.7%5.9%0.7%-125.4M-4.30B-106.2M1.971.70N/AN/A131,141258,6332,321,3764,473,914
2019-09-17$192.49$190.0017.1%4.9%17.4%15.2%18.2%6.1%0.3%87.6M-6.22B-105.5M2.131.60N/AN/A121,379258,6462,361,6724,574,171
2019-09-18$192.46$190.0016.9%4.8%17.2%14.2%18.4%5.4%0.4%122.6M-6.52B-103.4M1.441.71N/AN/A235,899339,9702,392,6114,674,293
2019-09-19$192.92$191.0015.7%4.5%17.2%9.1%18.3%5.1%0.7%410.5M-8.03B-101.5M2.171.75N/AN/A188,027407,6202,451,6414,782,034
2019-09-20$190.94$191.0017.3%4.9%17.6%16.3%18.5%5.8%0.6%-970.0M-2.57B-104.2M1.821.61N/AN/A243,849444,5312,481,0704,866,347
2019-09-23$190.78$191.0017.3%4.8%12.8%16.0%17.9%6.1%0.6%-546.5M2.36B-101.9M1.681.41N/AN/A189,098317,9011,739,5323,534,993
2019-09-24$187.69$190.0019.8%5.5%14.2%27.1%19.5%6.5%0.4%-1.27B8.34B-107.4M1.852.03N/AN/A361,886669,3581,844,5473,694,983
2019-09-25$190.26$190.0017.9%4.8%14.8%18.6%18.8%6.1%0.6%-727.6M3.11B-109.8M1.831.77N/AN/A217,935397,7891,976,3023,850,157
2019-09-26$189.49$190.0018.3%5.0%15.0%20.5%19.1%6.3%0.6%-1.06B5.00B-110.6M2.051.85N/AN/A181,712371,8092,009,4713,946,340
2019-09-27$186.83$190.0020.3%5.7%14.9%29.6%20.9%6.8%0.3%-2.07B10.95B-110.3M2.292.04N/AN/A307,262704,5222,024,1563,966,204
2019-09-30$188.75$190.0019.4%5.4%15.3%25.7%19.9%7.1%-0.1%-1.07B5.60B-108.3M2.191.77N/AN/A150,566329,5271,947,5843,972,256