QQQ Options History — April 2020

In April 2020, QQQ traded between $181.64 and $219.75. ATM implied volatility averaged 37.7%, placing in the 40.1% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded below realized volatility by 17.6% (HV 20d: 55.3%). Max pain ranged from $200.00 to $208.00. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 1.77.

Notable Days

  • 2020-04-14: Highest Volume — 950,640 contracts
  • 2020-04-24: Largest IV drop — 12.7% change
  • 2020-04-01: Highest IV Rank — 62.0%
  • 2020-04-01: Largest Expected Move — 15.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$205.53$181.64$219.75$181.64$218.44
Max Pain$203.57$200.00$208.00$205.00$208.00
ATM IV37.7%28.9%51.9%51.9%30.8%
Expected Move10.9%8.5%15.7%15.7%9.1%
HV 20d55.3%37.2%73.3%70.1%37.2%
HV 60d49.1%45.9%50.8%45.9%50.5%
IV Rank40.1%26.5%62.0%62.0%29.4%
IV Percentile88.8%82.9%95.2%95.2%83.7%
Term Structure-0.5%-1.0%0.3%-0.9%0.2%
VWIV40.9%33.2%56.8%56.8%33.6%
Skew 25d13.5%10.5%20.2%20.2%11.2%
Skew 10d23.9%19.8%31.6%30.8%20.6%
Call IV 25d31.4%24.3%42.0%42.0%25.5%
Put IV 25d45.0%35.3%62.2%62.2%36.7%
Bid-Ask Spread %2.161.663.173.172.18
Gamma HHI0.030.020.080.040.03
Net GEX-157.6M-719.9M261.7M-555.0M-177.9M
Net DEX1.98B-11.63B24.91B23.88B-6.61B
Net VEX-132.3M-147.2M-113.7M-116.2M-147.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.771.092.601.392.06
Total Volume674,218.333395,719950,640669,841558,503
Total OI6,427,793.4295,534,7747,479,1586,031,1946,559,826

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$181.64$205.0051.9%15.7%70.1%62.0%56.8%20.2%-0.9%-555.0M23.88B-116.2M1.393.17N/AN/A279,821390,0202,437,7993,593,395
2020-04-02$184.93$205.0045.6%12.7%70.4%52.3%48.9%18.0%-0.7%-544.9M21.33B-116.6M2.602.62N/AN/A185,156481,5852,520,5453,645,698
2020-04-03$181.92$203.0043.8%12.3%70.3%49.5%48.7%16.4%-0.6%-719.9M24.91B-113.7M1.762.48N/AN/A268,845473,3482,577,2553,921,035
2020-04-06$195.18$203.0038.4%10.9%73.3%41.1%40.3%14.3%-0.3%-297.1M11.35B-124.2M1.221.90N/AN/A301,006368,7022,461,5053,891,663
2020-04-07$198.08$200.0040.5%11.3%72.7%44.3%41.1%14.6%-0.8%-154.8M7.82B-130.8M1.092.64N/AN/A357,829389,9232,548,6264,000,269
2020-04-08$199.67$200.0039.0%11.0%71.7%42.0%41.5%13.9%-0.8%-113.5M6.43B-133.1M1.832.27N/AN/A188,545345,1372,612,4694,213,660
2020-04-09$200.51$200.0038.1%10.7%64.8%40.7%43.8%13.4%-0.7%-188.7M5.51B-132.9M1.722.18N/AN/A325,588560,3562,638,1344,326,054
2020-04-13$202.72$200.0037.4%10.6%63.6%39.7%40.8%13.1%-0.2%-161.7M3.97B-129.0M1.581.79N/AN/A202,494320,6862,520,6744,295,096
2020-04-14$211.96$200.0034.8%9.9%60.3%35.6%38.5%10.5%-0.7%182.5M-8.63B-130.6M1.842.00N/AN/A334,383616,2572,598,5894,390,350
2020-04-15$209.96$202.0037.5%10.8%60.2%39.8%39.5%12.1%-0.7%33.7M-4.83B-136.1M1.451.98N/AN/A217,047314,3972,650,9844,597,377
2020-04-16$212.64$203.0036.9%10.6%53.7%38.8%41.1%12.3%0.1%136.4M-8.53B-136.7M1.722.14N/AN/A296,500510,2172,693,1274,654,014
2020-04-17$214.47$205.0035.2%10.1%50.1%36.2%37.4%11.8%-0.5%261.7M-11.63B-134.4M1.292.00N/AN/A372,892481,2182,750,5144,728,644
2020-04-20$213.28$205.0039.2%11.4%45.9%42.4%42.2%14.6%-1.0%-91.1M-3.09B-138.0M1.901.92N/AN/A149,248283,7681,942,0813,592,693
2020-04-21$205.67$205.0042.0%12.2%47.6%46.7%45.4%14.6%-1.0%-359.4M4.44B-138.1M1.831.66N/AN/A319,738583,9821,984,1393,684,358
2020-04-22$211.71$205.0038.4%11.2%41.4%41.1%40.8%13.8%-0.9%-110.6M-2.20B-139.9M1.791.75N/AN/A141,591254,1282,068,3913,793,401
2020-04-23$211.24$205.0037.4%10.9%41.5%39.6%39.1%13.1%-0.7%-168.2M-1.63B-138.8M1.512.08N/AN/A234,465355,1702,089,2003,878,508
2020-04-24$214.18$205.0032.7%9.4%41.3%32.3%35.7%11.4%-0.4%26.6M-5.29B-134.2M1.862.16N/AN/A199,162371,4252,119,8943,929,182
2020-04-27$215.81$205.0030.6%8.9%41.0%29.1%35.3%11.4%0.3%-39.6M-5.95B-131.0M2.062.11N/AN/A219,375450,8182,025,2193,720,957
2020-04-28$212.40$205.0032.5%9.8%41.2%32.1%36.0%11.9%0.1%-300.5M-665.3M-137.6M2.442.21N/AN/A208,941509,7852,066,0163,957,580
2020-04-29$219.75$206.0028.9%8.5%42.2%26.5%33.2%11.0%0.3%33.1M-9.05B-139.9M2.162.22N/AN/A233,303503,2312,140,1374,164,604
2020-04-30$218.44$208.0030.8%9.1%37.2%29.4%33.6%11.2%0.2%-177.9M-6.61B-147.2M2.062.18N/AN/A182,579375,9242,159,5444,400,282