QQQ Options History — September 2020

In September 2020, QQQ traded between $264.85 and $303.15. ATM implied volatility averaged 33.5%, placing in the 33.6% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded above realized volatility by 1.0% (HV 20d: 32.5%). Max pain ranged from $265.00 to $285.00. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 1.57.

Notable Days

  • 2020-09-04: Highest Volume — 3,265,121 contracts
  • 2020-09-03: Largest IV spike — 17.1% change
  • 2020-09-08: Highest IV Rank — 42.0%
  • 2020-09-03: Largest Expected Move — 11.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$276.39$264.85$303.15$299.49$277.96
Max Pain$279.00$265.00$285.00$265.00$278.00
ATM IV33.5%30.2%39.0%30.2%30.5%
Expected Move9.4%8.1%11.1%8.2%8.1%
HV 20d32.5%16.1%37.7%16.1%37.2%
HV 60d25.0%20.7%26.7%20.7%26.5%
IV Rank33.6%28.4%42.0%28.4%29.0%
IV Percentile80.7%70.6%89.3%77.8%70.6%
Term Structure0.5%-1.0%2.9%0.7%2.9%
VWIV34.1%28.9%40.5%30.5%28.9%
Skew 25d8.3%6.8%10.4%6.8%8.2%
Skew 10d14.9%10.6%18.7%13.9%15.2%
Call IV 25d29.5%26.6%34.4%27.2%26.6%
Put IV 25d37.8%34.0%44.6%34.0%34.8%
Bid-Ask Spread %2.521.634.372.112.09
Gamma HHI0.030.020.050.020.03
Net GEX-956.9M-2.05B363.2M363.2M24.5M
Net DEX-4.11B-45.36B14.55B-42.40B-9.23B
Net VEX-275.9M-300.4M-252.8M-252.8M-267.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.571.082.031.701.15
Total Volume1,418,671597,0603,265,1211,179,5591,172,523
Total OI9,385,886.0488,142,24210,615,9248,773,7138,585,330

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-09-01$299.49$265.0030.2%8.2%16.1%28.4%30.5%6.8%0.7%363.2M-42.40B-252.8M1.702.11N/AN/A436,778742,7812,954,6595,819,054
2020-09-02$303.15$267.0033.1%9.0%16.2%33.0%34.0%8.2%0.6%318.7M-45.36B-261.9M1.692.60N/AN/A565,169954,8133,072,5186,043,705
2020-09-03$286.51$283.0038.8%11.1%27.1%41.8%40.5%10.2%0.0%-1.33B-14.38B-299.9M1.862.67N/AN/A984,1981,826,8883,270,7366,308,173
2020-09-04$284.87$285.0037.4%10.6%26.9%39.6%38.6%10.4%-0.2%-1.68B-12.50B-300.4M2.034.37N/AN/A1,076,0302,189,0913,551,9026,528,685
2020-09-08$270.92$283.0039.0%10.9%32.6%42.0%38.4%8.2%-1.0%-1.28B6.25B-287.8M1.602.60N/AN/A610,324978,2193,428,1856,125,332
2020-09-09$278.29$283.0036.0%10.2%33.4%37.5%37.0%9.1%-0.3%-781.4M-8.67B-283.4M1.082.26N/AN/A596,275646,9613,605,1656,215,798
2020-09-10$272.91$282.0036.1%10.2%33.3%37.6%35.7%7.8%-0.5%-1.41B2.09B-284.9M1.714.07N/AN/A601,0211,024,8253,734,4166,376,740
2020-09-11$269.99$282.0033.5%9.5%33.5%33.6%34.2%7.5%-0.5%-2.05B9.74B-280.0M1.703.47N/AN/A657,1761,114,9303,836,6626,546,734
2020-09-14$275.73$280.0031.1%8.9%34.3%30.0%31.4%7.9%0.3%-967.5M-6.43B-273.5M1.532.66N/AN/A348,969535,2363,702,6046,345,738
2020-09-15$278.07$282.0032.1%9.2%34.0%31.4%32.8%8.3%0.2%-798.3M-10.71B-275.4M1.732.53N/AN/A305,023526,3373,744,9966,452,701
2020-09-16$275.57$281.0032.9%9.4%34.0%32.7%34.0%8.2%0.1%-1.22B-4.95B-276.6M1.932.82N/AN/A337,921651,4263,798,9796,568,741
2020-09-17$269.45$280.0033.9%9.7%34.9%34.2%34.7%8.1%0.3%-2.05B8.41B-274.7M1.942.81N/AN/A606,7011,176,9873,835,1756,638,185
2020-09-18$267.22$280.0033.0%9.5%34.5%32.8%33.8%8.1%0.1%-1.88B12.53B-272.4M1.472.68N/AN/A733,8071,081,6213,925,9396,689,985
2020-09-21$266.23$280.0033.5%9.6%34.4%33.6%35.0%8.2%0.4%-1.33B13.33B-270.9M1.371.79N/AN/A528,778725,8293,019,0735,123,169
2020-09-22$272.96$279.0031.5%8.9%35.7%30.5%33.6%7.8%0.6%-577.9M434.5M-273.2M1.342.28N/AN/A466,088626,6703,146,7925,186,112
2020-09-23$264.85$279.0033.6%9.6%36.8%33.8%32.9%8.3%0.4%-1.37B14.55B-271.8M1.481.83N/AN/A451,719666,4193,230,3035,264,765
2020-09-24$265.89$278.0034.0%9.6%35.8%34.3%35.2%8.8%0.4%-1.26B12.69B-275.3M1.561.68N/AN/A530,938825,9163,306,4825,374,499
2020-09-25$271.41$277.0031.3%8.7%36.9%30.3%32.1%7.9%1.0%-366.9M1.44B-274.5M1.471.81N/AN/A459,584673,7993,352,8385,522,430
2020-09-28$276.76$277.0030.7%8.4%37.7%29.3%31.3%7.5%2.9%-186.0M-7.48B-268.6M1.442.11N/AN/A310,746446,5153,066,0445,306,156
2020-09-29$275.98$278.0031.4%8.6%37.3%30.3%30.9%8.0%2.8%-241.9M-5.62B-268.3M1.291.63N/AN/A260,677336,3833,110,3005,387,807
2020-09-30$277.96$278.0030.5%8.1%37.2%29.0%28.9%8.2%2.9%24.5M-9.23B-267.0M1.152.09N/AN/A545,445627,0783,153,3355,431,995