QQQ Options History — August 2020

In August 2020, QQQ traded between $265.70 and $296.40. ATM implied volatility averaged 25.6%, placing in the 21.4% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 5.9% (HV 20d: 19.7%). Max pain ranged from $249.00 to $265.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 2.01.

Notable Days

  • 2020-08-27: Highest Volume — 1,637,559 contracts
  • 2020-08-27: Largest IV spike — 9.1% change
  • 2020-08-31: Highest IV Rank — 26.9%
  • 2020-08-31: Largest Expected Move — 8.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$278.16$265.70$296.40$269.76$296.40
Max Pain$255.67$249.00$265.00$256.00$265.00
ATM IV25.6%23.7%29.2%26.2%29.2%
Expected Move7.3%6.7%8.1%7.3%8.1%
HV 20d19.7%16.1%22.9%20.6%16.1%
HV 60d20.9%20.5%21.6%21.6%20.6%
IV Rank21.4%18.5%26.9%22.3%26.9%
IV Percentile59.7%52.0%75.0%63.1%75.0%
Term Structure0.4%-0.1%0.9%-0.1%0.6%
VWIV28.2%25.2%31.9%27.9%31.2%
Skew 25d8.0%7.0%9.3%8.3%7.9%
Skew 10d15.3%13.7%17.0%15.2%15.8%
Call IV 25d22.5%20.7%26.2%22.7%26.2%
Put IV 25d30.5%27.8%34.2%31.0%34.1%
Bid-Ask Spread %1.841.432.901.801.84
Gamma HHI0.030.020.050.020.02
Net GEX310.2M-747.4M980.0M265.5M261.7M
Net DEX-28.36B-38.88B-11.18B-23.21B-38.88B
Net VEX-230.2M-251.3M-218.5M-218.5M-248.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.011.573.121.571.93
Total Volume950,277.333524,6501,637,559896,516873,457
Total OI8,509,074.3337,585,3869,420,3987,690,0978,463,141

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-08-03$269.76$256.0026.2%7.3%20.6%22.3%27.9%8.3%-0.1%265.5M-23.21B-218.5M1.571.80N/AN/A348,935547,5812,665,1075,024,990
2020-08-04$269.54$258.0025.7%7.2%20.6%21.6%27.9%7.9%0.0%172.3M-22.16B-221.4M2.101.65N/AN/A182,487384,0792,739,3855,174,272
2020-08-05$270.74$259.0024.6%6.7%20.5%19.8%27.3%7.7%0.2%293.9M-23.62B-221.2M3.121.56N/AN/A155,404485,1372,785,2205,316,272
2020-08-06$274.46$249.0024.5%7.3%20.8%19.8%30.4%7.8%0.2%600.1M-29.12B-222.4M2.072.00N/AN/A365,883759,1642,831,3845,435,726
2020-08-07$271.60$250.0025.4%7.5%21.2%21.0%31.9%8.1%0.1%-103.4M-23.25B-230.9M2.062.19N/AN/A447,030920,8282,857,7595,607,736
2020-08-10$269.64$250.0025.5%7.6%20.8%21.2%27.7%8.6%0.9%-145.5M-18.79B-233.8M1.631.81N/AN/A301,255490,5012,846,3915,472,436
2020-08-11$265.70$250.0027.1%7.9%21.5%23.7%29.5%9.3%0.7%-747.4M-11.18B-239.4M2.122.16N/AN/A253,272536,3712,911,6095,579,854
2020-08-12$272.04$250.0025.4%7.5%22.9%21.0%28.6%8.1%0.7%248.8M-23.53B-233.2M1.862.02N/AN/A289,894539,3782,982,2375,688,027
2020-08-13$272.64$250.0025.8%7.5%22.7%21.8%27.0%7.9%0.6%252.8M-24.75B-232.1M1.801.98N/AN/A346,742625,8423,023,1535,808,565
2020-08-14$271.53$251.0025.3%7.4%22.8%20.9%27.5%7.5%0.7%-193.9M-22.52B-235.7M1.791.75N/AN/A266,984479,1193,091,8626,027,413
2020-08-17$275.60$252.0024.3%7.0%21.2%19.4%27.2%7.7%0.7%718.0M-30.01B-224.4M1.901.68N/AN/A180,889343,7612,972,8265,781,894
2020-08-18$278.21$252.0023.7%6.8%20.9%18.5%25.2%7.0%0.7%980.0M-33.94B-219.7M1.791.58N/AN/A258,499462,0062,987,7545,864,283
2020-08-19$276.56$255.0024.4%7.0%21.2%19.6%27.9%8.1%0.5%494.8M-29.55B-225.5M2.771.74N/AN/A228,792634,1323,011,7295,994,112
2020-08-20$280.30$256.0023.9%6.8%18.7%18.8%27.1%8.1%0.8%792.2M-35.48B-223.2M2.401.84N/AN/A281,236674,2543,040,6296,149,325
2020-08-21$281.51$257.0024.3%6.9%17.8%19.4%27.4%7.8%0.8%657.7M-37.33B-227.8M1.741.70N/AN/A426,879743,9273,070,6596,349,739
2020-08-24$283.15$260.0025.5%7.1%17.0%21.3%27.1%8.4%0.0%90.7M-26.97B-227.0M1.801.43N/AN/A368,083663,5752,528,5455,056,841
2020-08-25$285.70$260.0024.5%6.8%16.1%19.7%26.8%8.4%0.2%251.4M-30.12B-226.3M2.011.45N/AN/A320,137643,2382,615,2955,223,924
2020-08-26$291.58$261.0026.2%7.4%16.9%22.4%28.4%8.0%0.0%498.4M-37.61B-228.7M1.771.88N/AN/A566,5911,002,5242,741,5095,398,748
2020-08-27$291.74$263.0028.6%7.9%17.0%26.0%29.7%8.6%0.1%309.8M-35.98B-243.7M2.232.90N/AN/A507,5651,129,9942,864,1175,713,943
2020-08-28$292.95$265.0027.9%7.6%16.6%24.9%28.7%7.6%0.3%816.3M-37.61B-251.3M1.751.60N/AN/A335,194585,2052,985,1216,007,029
2020-08-31$296.40$265.0029.2%8.1%16.1%26.9%31.2%7.9%0.6%261.7M-38.88B-248.6M1.931.84N/AN/A297,675575,7822,869,1735,593,968