QQQ Options History — December 2020

In December 2020, QQQ traded between $301.17 and $313.10. ATM implied volatility averaged 23.6%, placing in the 17.7% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 9.3% (HV 20d: 14.3%). Max pain ranged from $276.00 to $296.00. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 1.96.

Notable Days

  • 2020-12-09: Highest Volume — 1,233,088 contracts
  • 2020-12-09: Largest IV spike — 11.4% change
  • 2020-12-11: Highest IV Rank — 21.7%
  • 2020-12-11: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$307.47$301.17$313.10$303.27$312.96
Max Pain$285.59$276.00$296.00$280.00$296.00
ATM IV23.6%22.0%25.8%22.5%23.6%
Expected Move6.7%6.0%7.4%6.6%6.4%
HV 20d14.3%11.8%23.0%23.0%11.9%
HV 60d24.3%21.9%28.4%28.4%21.9%
IV Rank17.7%13.0%21.7%16.6%15.6%
IV Percentile26.0%16.3%38.1%24.6%22.6%
Term Structure0.7%-0.1%2.0%1.7%0.6%
VWIV26.3%22.7%29.1%26.1%27.6%
Skew 25d7.6%4.3%9.6%4.4%8.9%
Skew 10d14.2%8.9%17.1%9.6%16.1%
Call IV 25d20.6%18.9%22.4%21.2%19.8%
Put IV 25d28.2%25.0%30.8%25.6%28.7%
Bid-Ask Spread %2.141.424.081.832.00
Gamma HHI0.040.030.060.040.04
Net GEX440.5M-793.4M1.26B842.0M215.6M
Net DEX-28.50B-43.27B-13.50B-34.93B-17.46B
Net VEX-240.0M-255.7M-224.8M-235.1M-255.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.961.413.151.412.71
Total Volume805,487.182478,4811,233,088992,479743,336
Total OI8,514,911.6827,214,6199,979,0818,204,1738,157,313

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-12-01$303.27$280.0022.5%6.6%23.0%16.6%26.1%4.4%1.7%842.0M-34.93B-235.1M1.411.83N/AN/A412,373580,1062,968,2965,235,877
2020-12-02$303.59$280.0022.4%6.5%21.9%16.5%25.5%4.3%1.8%879.6M-35.65B-235.1M1.711.78N/AN/A237,006406,1583,029,1695,377,973
2020-12-03$304.18$276.0022.7%6.9%17.8%16.9%25.7%4.3%2.0%990.5M-35.60B-239.5M1.452.88N/AN/A308,988449,2603,084,4625,511,118
2020-12-04$305.04$278.0022.4%6.8%16.2%16.5%27.0%5.0%1.9%1.19B-36.74B-238.3M1.662.19N/AN/A321,965535,1583,108,9575,601,340
2020-12-07$306.57$280.0023.1%6.8%16.1%17.5%26.6%6.4%0.3%422.4M-36.83B-232.2M2.491.94N/AN/A172,053428,3982,988,3185,576,589
2020-12-08$308.40$280.0022.5%6.6%15.3%16.6%25.1%5.7%0.4%629.1M-40.03B-224.8M1.672.06N/AN/A179,395299,0863,028,9275,689,789
2020-12-09$301.51$280.0025.1%7.3%14.3%20.6%27.6%8.0%0.2%-563.5M-25.13B-241.0M1.664.08N/AN/A463,492769,5963,045,4125,771,931
2020-12-10$303.15$280.0025.1%7.3%12.8%20.7%28.4%7.7%0.3%-201.0M-29.66B-238.5M2.261.84N/AN/A310,978702,1113,160,9085,940,050
2020-12-11$301.17$280.0025.8%7.4%12.8%21.7%28.3%8.0%0.3%-793.4M-25.02B-243.2M1.812.06N/AN/A331,768601,5163,233,4686,049,639
2020-12-14$304.15$280.0025.5%7.3%12.6%21.3%26.0%8.6%-0.1%261.6M-32.46B-232.6M1.531.88N/AN/A276,250421,7093,142,7615,915,212
2020-12-15$306.85$281.0024.4%7.0%12.8%19.5%26.7%9.1%0.1%697.2M-37.16B-229.8M1.712.35N/AN/A282,513484,4073,220,3806,030,844
2020-12-16$309.54$284.0023.7%6.8%13.0%18.5%29.1%8.8%0.2%1.13B-41.90B-228.3M2.112.63N/AN/A301,256634,7533,273,5646,186,293
2020-12-17$310.51$286.0023.3%6.7%12.7%17.8%28.4%8.6%0.1%1.26B-43.27B-228.3M2.092.39N/AN/A305,664640,0693,333,4996,402,836
2020-12-18$308.36$287.0024.2%6.9%13.2%19.3%26.6%9.6%0.1%457.7M-37.66B-237.0M1.512.95N/AN/A423,731640,7413,391,8266,587,255
2020-12-21$308.35$292.0024.6%7.1%13.0%19.9%26.2%9.2%0.7%-177.2M-13.50B-245.4M1.921.91N/AN/A302,390582,0412,334,7314,879,888
2020-12-22$309.32$292.0024.3%7.0%12.9%18.7%26.7%8.8%0.8%33.0M-15.28B-250.2M1.871.84N/AN/A232,323434,9892,425,5404,998,902
2020-12-23$309.46$293.0023.1%6.5%12.4%16.8%26.7%8.1%1.0%120.9M-15.42B-250.9M2.041.80N/AN/A239,942490,5842,474,7965,105,144
2020-12-24$309.23$293.0022.5%6.3%12.3%15.4%24.9%8.1%1.1%44.6M-14.69B-253.8M2.451.76N/AN/A143,591352,2692,548,0145,211,065
2020-12-28$312.76$295.0022.0%6.0%12.6%13.0%22.7%8.3%0.7%896.9M-20.25B-243.0M1.561.42N/AN/A252,519394,3472,469,8545,105,574
2020-12-29$313.10$295.0023.0%6.2%12.6%14.6%23.1%8.6%0.6%713.0M-19.55B-248.5M2.371.90N/AN/A243,041575,6232,502,5825,282,930
2020-12-30$312.90$295.0023.0%6.2%11.8%14.6%23.7%8.5%0.6%642.6M-18.78B-249.0M3.151.64N/AN/A195,905617,3182,542,9555,402,076
2020-12-31$312.96$296.0023.6%6.4%11.9%15.6%27.6%8.9%0.6%215.6M-17.46B-255.7M2.712.00N/AN/A200,091543,2452,598,3035,559,010