QQQ Options History — January 2020

In January 2020, QQQ traded between $214.56 and $224.61. ATM implied volatility averaged 15.7%, placing in the 28.0% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 6.3% (HV 20d: 9.4%). Max pain ranged from $205.00 to $218.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 1.88.

Notable Days

  • 2020-01-31: Highest Volume — 1,315,534 contracts
  • 2020-01-24: Largest IV spike — 16.8% change
  • 2020-01-31: Highest IV Rank — 60.7%
  • 2020-01-31: Largest Expected Move — 5.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$219.98$214.56$224.61$215.62$218.93
Max Pain$214.33$205.00$218.00$205.00$218.00
ATM IV15.7%13.8%20.0%13.8%20.0%
Expected Move4.5%3.7%5.9%3.7%5.9%
HV 20d9.4%7.7%13.2%8.2%13.2%
HV 60d9.3%8.6%10.3%10.3%10.3%
IV Rank28.0%11.1%60.7%11.1%60.7%
IV Percentile35.8%7.5%85.3%7.5%85.3%
Term Structure0.2%-0.2%0.7%0.5%0.4%
VWIV17.5%14.4%22.0%14.4%22.0%
Skew 25d5.7%4.5%7.7%4.6%7.7%
Skew 10d10.9%8.9%13.9%9.5%13.9%
Call IV 25d13.1%12.0%16.3%12.0%16.3%
Put IV 25d18.9%16.5%24.0%16.6%24.0%
Bid-Ask Spread %1.651.322.431.662.43
Gamma HHI0.060.030.090.090.03
Net GEX88.8M-1.55B979.2M979.2M-1.55B
Net DEX-11.70B-24.30B4.03B-13.94B4.03B
Net VEX-93.1M-118.2M-78.3M-78.3M-118.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.881.343.341.841.85
Total Volume728,803.095384,3871,315,534616,3981,315,534
Total OI5,700,100.0484,565,0016,931,6155,188,5575,989,824

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-01-02$215.62$205.0013.8%3.7%8.2%11.1%14.4%4.6%0.5%979.2M-13.94B-78.3M1.841.66N/AN/A217,063399,3351,663,9753,524,582
2020-01-03$214.56$205.0015.3%4.2%8.6%19.0%14.6%5.2%0.3%136.3M-10.71B-82.3M1.572.14N/AN/A308,306485,2151,695,0183,661,347
2020-01-06$215.22$210.0015.8%4.6%8.5%26.4%17.9%5.8%0.1%363.2M-11.47B-80.0M1.711.74N/AN/A203,004346,8731,617,9433,613,952
2020-01-07$215.75$211.0015.3%4.5%8.0%24.1%17.9%5.8%0.2%469.4M-12.30B-83.1M1.381.52N/AN/A161,530222,8571,718,9223,769,154
2020-01-08$217.86$211.0014.4%4.2%8.0%18.9%16.4%5.4%0.2%896.8M-16.59B-79.2M1.671.71N/AN/A278,984466,9141,727,9983,845,618
2020-01-09$218.79$212.0014.3%4.1%7.7%19.0%17.1%5.3%0.2%970.9M-18.21B-80.9M1.861.52N/AN/A275,199512,4611,799,6924,058,389
2020-01-10$218.39$213.0015.1%4.4%7.9%24.6%16.4%5.3%0.3%738.8M-17.33B-84.4M1.931.76N/AN/A326,317630,4301,885,3044,260,925
2020-01-13$220.61$215.0014.7%4.2%8.1%22.0%17.3%5.3%-0.1%708.0M-19.66B-83.0M1.341.56N/AN/A292,504393,2131,828,9664,194,659
2020-01-14$220.39$215.0015.6%4.4%8.2%28.7%16.0%5.3%-0.2%562.7M-18.87B-89.7M1.691.61N/AN/A221,069373,0891,979,3234,387,184
2020-01-15$219.76$216.0015.3%4.3%8.2%25.8%16.9%5.3%-0.2%390.5M-17.19B-92.4M2.501.58N/AN/A165,328412,5282,027,9124,560,067
2020-01-16$221.96$216.0014.0%4.0%8.5%16.8%15.6%4.6%-0.2%687.9M-22.45B-90.0M2.171.39N/AN/A159,576345,4752,073,6474,707,197
2020-01-17$223.06$217.0013.9%4.0%8.6%16.1%15.2%4.5%-0.1%483.6M-24.30B-89.1M1.931.32N/AN/A270,397522,1712,085,2354,846,380
2020-01-21$223.39$217.0014.8%4.2%8.6%22.7%18.3%5.1%0.1%28.7M-9.87B-90.2M3.341.51N/AN/A168,539562,9861,428,9073,136,094
2020-01-22$223.96$217.0014.7%4.2%8.6%21.6%16.8%5.3%0.1%-163.5M-9.83B-95.3M2.071.43N/AN/A182,082376,0661,494,1323,516,287
2020-01-23$224.61$217.0014.3%4.1%8.5%18.6%17.2%5.5%0.2%-66.7M-10.74B-96.3M2.261.36N/AN/A198,658449,2491,554,6143,618,650
2020-01-24$222.49$217.0016.7%4.8%9.6%36.0%18.5%6.4%-0.1%-896.3M-5.69B-104.8M1.902.10N/AN/A362,959688,8201,616,5983,728,943
2020-01-27$218.31$217.0019.1%5.6%12.0%53.7%20.2%7.4%0.3%-1.23B3.95B-111.4M1.711.62N/AN/A308,258526,9001,574,1533,648,502
2020-01-28$221.67$217.0017.1%5.0%13.0%39.2%20.1%7.1%0.5%-480.5M-4.28B-108.1M1.611.60N/AN/A278,072448,9071,705,1433,758,685
2020-01-29$222.03$217.0017.4%5.1%12.7%41.5%19.5%6.9%0.6%-559.5M-4.91B-108.0M1.731.63N/AN/A243,849420,9601,734,2543,872,912
2020-01-30$222.24$218.0017.3%5.0%12.7%40.8%18.6%6.9%0.7%-605.3M-5.25B-109.3M1.471.60N/AN/A317,504465,6841,791,7093,999,305
2020-01-31$218.93$218.0020.0%5.9%13.2%60.7%22.0%7.7%0.4%-1.55B4.03B-118.2M1.852.43N/AN/A461,120854,4141,869,2314,120,593