QQQ Options History — November 2020

In November 2020, QQQ traded between $268.71 and $299.03. ATM implied volatility averaged 25.8%, placing in the 21.7% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded below realized volatility by 4.8% (HV 20d: 30.6%). Max pain ranged from $274.00 to $280.00. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 1.66.

Notable Days

  • 2020-11-05: Highest Volume — 1,385,272 contracts
  • 2020-11-04: Largest IV drop — 12.1% change
  • 2020-11-02: Highest IV Rank — 40.2%
  • 2020-11-02: Largest Expected Move — 11.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$290.15$268.71$299.03$268.71$299.03
Max Pain$277.25$274.00$280.00$280.00$280.00
ATM IV25.8%20.9%37.8%37.8%22.4%
Expected Move7.6%6.0%11.9%11.9%6.6%
HV 20d30.6%22.9%32.7%27.9%22.9%
HV 60d30.5%28.3%31.0%29.0%28.3%
IV Rank21.7%14.2%40.2%40.2%16.4%
IV Percentile39.6%23.4%86.5%86.5%24.2%
Term Structure0.1%-0.8%1.6%-0.8%1.6%
VWIV29.0%23.9%42.6%42.6%24.9%
Skew 25d7.3%5.0%10.6%10.6%5.0%
Skew 10d14.1%9.9%19.6%19.6%10.4%
Call IV 25d22.7%19.3%32.1%32.1%20.5%
Put IV 25d30.1%24.6%42.7%42.7%25.5%
Bid-Ask Spread %2.471.553.671.761.55
Gamma HHI0.030.020.040.030.03
Net GEX-141.9M-1.27B1.14B-1.15B493.9M
Net DEX-18.60B-30.51B10.96B10.96B-28.90B
Net VEX-255.5M-275.1M-234.5M-267.9M-234.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.661.162.391.771.69
Total Volume840,686.35545,8141,385,272788,471691,471
Total OI8,701,966.557,858,4519,497,4827,946,9758,017,572

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-11-02$268.71$280.0037.8%11.9%27.9%40.2%42.6%10.6%-0.8%-1.15B10.96B-267.9M1.771.76N/AN/A285,111503,3602,800,1935,146,782
2020-11-03$275.76$280.0033.7%10.6%29.0%33.9%38.6%10.5%-0.4%-873.6M710.7M-262.3M1.612.38N/AN/A276,642444,4572,800,1935,146,782
2020-11-04$286.64$280.0029.6%8.9%31.4%27.6%34.2%8.6%0.1%-55.5M-17.73B-258.6M1.663.34N/AN/A489,184812,3752,962,1645,364,510
2020-11-05$293.34$274.0028.7%8.3%32.4%26.1%31.3%8.3%0.1%377.1M-27.88B-257.1M1.723.67N/AN/A508,883876,3893,055,6145,572,502
2020-11-06$295.18$275.0026.4%7.7%32.1%22.7%34.5%7.7%0.3%523.2M-30.19B-258.6M2.392.33N/AN/A329,128787,7803,145,7315,845,905
2020-11-09$291.55$275.0026.3%7.6%30.3%22.5%28.9%6.6%0.3%-165.9M-21.74B-258.3M2.113.22N/AN/A383,013806,6763,025,7315,568,249
2020-11-10$283.94$275.0028.1%8.1%31.7%25.2%29.6%7.9%0.1%-1.27B-3.65B-274.0M1.812.63N/AN/A473,673859,1693,106,6415,856,576
2020-11-11$289.73$275.0026.4%7.7%32.5%22.6%28.5%7.0%0.3%-527.8M-16.63B-271.1M1.602.97N/AN/A271,905435,5733,195,3555,981,148
2020-11-12$287.79$275.0027.6%8.0%32.4%24.5%30.0%7.8%0.3%-954.6M-11.99B-275.1M1.873.49N/AN/A304,284568,8003,228,9096,055,157
2020-11-13$291.30$275.0025.4%7.4%32.7%21.1%27.1%7.4%0.5%-184.2M-20.54B-267.4M1.723.06N/AN/A289,856499,3423,295,0376,117,181
2020-11-16$292.26$275.0024.1%7.0%31.8%19.1%26.6%7.4%-0.1%-106.1M-21.93B-254.4M1.432.42N/AN/A248,567354,9533,142,7905,895,464
2020-11-17$292.26$276.0023.8%6.8%31.8%18.6%27.1%7.2%-0.1%-123.3M-22.19B-253.2M1.852.46N/AN/A196,009362,6293,190,3365,966,120
2020-11-18$291.06$278.0023.7%6.8%31.8%18.5%25.2%7.0%0.0%-312.3M-20.10B-251.9M1.432.27N/AN/A283,803405,5483,222,1156,030,150
2020-11-19$292.43$278.0023.0%6.6%31.8%17.4%27.1%7.2%-0.1%-17.6M-23.01B-250.5M1.671.97N/AN/A250,858419,4303,270,2826,109,482
2020-11-20$291.35$278.0022.6%6.5%31.8%16.8%25.1%6.8%-0.0%-464.4M-20.82B-249.2M1.392.35N/AN/A341,947474,7963,306,1166,191,366
2020-11-23$290.68$278.0022.4%6.4%31.0%16.5%24.2%7.3%-0.1%-299.6M-15.83B-244.4M1.631.79N/AN/A289,504471,4352,855,5245,002,927
2020-11-24$294.55$278.0021.8%6.2%31.0%15.5%24.0%5.7%-0.0%378.4M-23.11B-242.1M1.361.95N/AN/A300,746408,5842,919,8865,125,268
2020-11-25$296.76$280.0020.9%6.0%27.9%14.2%23.9%5.3%0.1%763.6M-26.96B-240.4M1.161.81N/AN/A259,957302,0762,976,4315,231,450
2020-11-27$298.69$280.0021.5%6.2%27.5%15.1%25.9%5.5%0.1%1.14B-30.51B-238.5M1.382.04N/AN/A229,384316,4303,020,1015,295,591
2020-11-30$299.03$280.0022.4%6.6%22.9%16.4%24.9%5.0%1.6%493.9M-28.90B-234.5M1.691.55N/AN/A256,694434,7772,903,6925,113,880