QQQ Options History — March 2020

In March 2020, QQQ traded between $169.08 and $216.67. ATM implied volatility averaged 52.5%, placing in the 78.3% IV rank vs the trailing year. The 30-day expected move averaged 15.3%. IV traded below realized volatility by 1.6% (HV 20d: 54.2%). Max pain ranged from $205.00 to $220.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 1.55.

Notable Days

  • 2020-03-12: Highest Volume — 1,609,647 contracts
  • 2020-03-16: Largest IV spike — 36.9% change
  • 2020-03-09: Highest IV Rank — 100.0%
  • 2020-03-18: Largest Expected Move — 22.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$190.86$169.08$216.67$213.53$190.62
Max Pain$212.73$205.00$220.00$220.00$205.00
ATM IV52.5%29.6%76.6%32.2%45.9%
Expected Move15.3%9.0%22.0%10.1%13.8%
HV 20d54.2%34.3%73.1%34.7%69.5%
HV 60d34.3%21.8%44.9%21.8%44.9%
IV Rank78.3%52.7%100.0%63.1%52.7%
IV Percentile98.4%94.0%100.0%99.2%94.0%
Term Structure-1.3%-3.0%0.1%0.1%-0.6%
VWIV54.4%35.8%76.0%39.9%51.8%
Skew 25d20.0%13.4%27.5%15.0%19.4%
Skew 10d32.6%22.0%45.3%26.3%34.7%
Call IV 25d42.4%24.2%61.7%25.6%37.0%
Put IV 25d62.4%37.6%88.2%40.5%56.4%
Bid-Ask Spread %5.742.1312.502.313.08
Gamma HHI0.030.030.050.030.04
Net GEX-853.4M-1.75B-313.6M-1.18B-450.5M
Net DEX32.31B13.19B52.60B19.70B18.54B
Net VEX-127.9M-151.9M-94.8M-140.3M-126.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.550.862.611.531.46
Total Volume817,602.591454,4581,609,6471,053,321569,332
Total OI7,232,194.4556,112,3298,420,3626,845,9266,458,896

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-03-02$213.53$220.0032.2%10.1%34.7%63.1%39.9%15.0%0.1%-1.18B19.70B-140.3M1.532.31N/AN/A416,649636,6722,502,0104,343,916
2020-03-03$211.11$220.0035.1%11.2%34.3%72.0%39.4%15.4%-1.1%-1.21B23.16B-140.9M1.825.24N/AN/A373,826679,7002,583,2504,423,246
2020-03-04$216.67$220.0029.6%9.0%34.6%55.3%35.8%13.4%-0.5%-990.4M13.19B-143.5M1.742.13N/AN/A358,430624,1022,652,2794,556,145
2020-03-05$211.17$220.0039.6%10.7%35.5%86.1%37.2%17.3%-1.1%-1.24B23.60B-151.9M1.523.91N/AN/A327,340497,0342,728,5114,719,716
2020-03-06$206.77$220.0042.2%11.6%35.7%94.0%46.0%18.8%-0.9%-1.75B31.44B-146.4M2.617.46N/AN/A293,368764,9472,797,7164,758,193
2020-03-09$196.74$220.0050.7%14.0%39.0%100.0%48.9%18.0%-1.9%-1.24B38.97B-134.4M1.984.37N/AN/A258,947513,7792,547,4694,519,210
2020-03-10$202.42$220.0045.5%12.8%40.7%86.7%46.3%17.8%-0.9%-1.29B32.43B-137.0M1.453.93N/AN/A347,227504,2182,609,7484,539,608
2020-03-11$195.61$220.0049.1%13.6%41.6%95.9%48.7%18.0%-1.8%-1.28B40.51B-130.5M1.453.82N/AN/A336,865488,9132,724,4444,681,085
2020-03-12$180.31$218.0063.8%17.6%48.4%100.0%60.5%24.0%-3.0%-1.01B52.60B-111.9M1.717.44N/AN/A594,6501,014,9972,901,3224,783,895
2020-03-13$187.49$213.0054.8%15.3%51.7%82.7%53.2%24.8%-2.5%-1.05B47.46B-122.1M1.3912.50N/AN/A416,229579,5473,207,1814,907,373
2020-03-16$176.46$211.0075.0%21.3%54.3%100.0%74.4%27.5%-1.4%-747.2M47.69B-119.3M2.1111.30N/AN/A249,577525,6203,118,1864,779,761
2020-03-17$181.56$210.0067.8%19.3%56.1%88.6%68.8%25.1%-0.9%-767.1M43.72B-127.6M1.425.30N/AN/A333,494474,7493,238,7704,790,071
2020-03-18$170.06$210.0076.6%22.0%58.5%100.0%76.0%26.5%-0.9%-653.3M49.29B-114.6M2.588.59N/AN/A222,119572,9443,368,6894,865,383
2020-03-19$181.12$210.0063.7%18.4%65.0%80.2%62.8%24.7%-1.7%-798.6M43.27B-124.2M0.867.06N/AN/A368,701316,4193,422,8954,909,564
2020-03-20$172.64$210.0058.8%16.9%66.1%72.6%54.6%22.0%-0.6%-780.5M49.16B-103.7M1.198.88N/AN/A348,669415,3123,587,1054,833,257
2020-03-23$169.08$207.0057.0%16.7%65.8%69.8%56.0%18.0%-1.5%-552.4M33.77B-94.8M0.986.05N/AN/A294,159289,2402,493,7763,618,553
2020-03-24$182.43$206.0053.5%16.1%72.7%64.5%60.1%14.3%-1.9%-407.1M23.73B-120.0M1.444.54N/AN/A328,562474,6082,602,0523,629,647
2020-03-25$185.11$205.0055.5%16.9%73.1%67.6%58.6%17.7%-1.3%-358.3M21.52B-129.7M1.135.37N/AN/A295,769333,7982,660,7363,781,086
2020-03-26$188.78$205.0053.4%16.3%72.6%64.2%57.7%20.5%-1.8%-320.3M19.21B-132.0M1.155.44N/AN/A272,031313,9152,675,7903,843,868
2020-03-27$187.39$205.0055.7%17.0%72.1%67.8%60.6%22.2%-1.7%-385.6M21.07B-131.6M1.133.98N/AN/A238,269268,0722,694,2543,931,621
2020-03-30$191.89$205.0050.1%15.1%69.5%59.2%58.7%20.0%-1.0%-313.6M16.76B-130.8M1.363.65N/AN/A192,959261,4992,573,2943,744,707
2020-03-31$190.62$205.0045.9%13.8%69.5%52.7%51.8%19.4%-0.6%-450.5M18.54B-126.0M1.463.08N/AN/A231,818337,5142,625,0523,833,844