QQQ Options History — February 2021

In February 2021, QQQ traded between $313.43 and $335.76. ATM implied volatility averaged 24.4%, placing in the 12.1% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 2.8% (HV 20d: 21.6%). Max pain ranged from $315.00 to $320.00. Net GEX was positive for 7 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 1.88.

Notable Days

  • 2021-02-23: Highest Volume — 2,264,589 contracts
  • 2021-02-25: Largest IV spike — 25.3% change
  • 2021-02-01: Highest IV Rank — 20.9%
  • 2021-02-25: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$328.53$313.43$335.76$323.07$318.01
Max Pain$316.63$315.00$320.00$315.00$317.00
ATM IV24.4%20.6%32.2%28.4%28.5%
Expected Move7.0%6.1%9.5%7.9%8.3%
HV 20d21.6%18.9%24.2%24.2%21.2%
HV 60d17.3%16.3%19.8%19.8%18.5%
IV Rank12.1%7.9%20.9%20.9%14.1%
IV Percentile22.3%2.4%66.7%50.4%50.4%
Term Structure0.5%-0.5%1.1%0.4%-0.2%
VWIV27.0%23.2%34.6%29.1%31.7%
Skew 25d8.9%6.4%11.5%11.5%11.5%
Skew 10d17.1%13.3%21.5%21.5%20.7%
Call IV 25d20.8%17.7%27.2%23.6%23.7%
Put IV 25d29.7%25.1%38.7%35.1%35.2%
Bid-Ask Spread %2.251.454.361.451.97
Gamma HHI0.030.020.040.020.03
Net GEX-709.5M-3.16B1.15B-857.8M-3.16B
Net DEX-11.67B-28.82B27.92B-6.25B18.04B
Net VEX-310.3M-353.6M-291.5M-309.8M-353.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.881.212.681.351.68
Total Volume1,025,344.632676,3042,264,589815,8951,671,957
Total OI8,449,116.6327,563,6609,351,3637,563,6609,351,363

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-02-01$323.07$315.0028.4%7.9%24.2%20.9%29.1%11.5%0.4%-857.8M-6.25B-309.8M1.351.45N/AN/A347,872468,0232,399,1125,164,548
2021-02-02$328.21$315.0024.9%6.7%24.1%15.0%25.1%9.3%0.6%-177.0M-16.65B-301.9M1.211.86N/AN/A422,225510,1112,519,3595,283,084
2021-02-03$327.52$315.0024.0%6.2%24.1%13.7%25.7%8.4%0.8%-133.6M-15.23B-304.5M1.582.27N/AN/A295,808466,7702,657,0035,441,886
2021-02-04$329.37$315.0022.5%6.9%23.6%11.1%24.6%7.5%0.8%17.5M-19.01B-301.8M1.572.26N/AN/A270,889424,6342,710,2795,589,561
2021-02-05$331.10$315.0021.5%6.6%22.3%9.5%25.7%6.4%0.9%803.0M-23.11B-298.4M1.382.88N/AN/A361,193496,6852,767,6045,685,216
2021-02-08$332.80$315.0021.4%6.4%22.1%9.3%26.3%7.4%0.9%326.4M-23.44B-295.0M2.591.80N/AN/A212,321548,9632,559,5805,457,174
2021-02-09$334.10$315.0021.4%6.4%21.4%9.4%23.2%7.4%0.9%585.3M-26.87B-291.5M2.202.02N/AN/A216,625477,3722,620,7765,589,687
2021-02-10$332.21$315.0022.7%6.7%21.5%11.5%26.6%7.8%0.8%-108.8M-21.10B-307.0M1.772.20N/AN/A304,977538,3772,695,7605,687,096
2021-02-11$333.98$315.0022.1%6.5%21.5%10.4%26.3%7.9%0.8%309.5M-24.38B-303.8M2.022.09N/AN/A228,004459,9412,760,9535,805,646
2021-02-12$335.76$315.0020.6%6.1%21.3%7.9%26.6%7.5%1.1%1.15B-28.82B-298.6M2.492.94N/AN/A264,336657,9132,779,9085,927,332
2021-02-16$335.50$315.0024.4%7.0%20.8%14.1%26.7%9.4%0.5%130.5M-24.77B-300.7M2.082.39N/AN/A261,118542,0382,659,0025,920,122
2021-02-17$333.82$317.0023.6%6.8%20.6%12.2%25.3%8.9%0.6%-502.9M-20.41B-304.0M1.571.94N/AN/A263,550412,7542,728,7186,165,232
2021-02-18$332.95$317.0022.9%6.5%18.9%11.1%24.6%8.5%0.7%-600.7M-20.10B-301.5M1.502.06N/AN/A341,274511,2102,766,2676,227,505
2021-02-19$331.21$320.0023.1%6.6%18.9%9.6%24.6%8.9%0.6%-1.29B-16.09B-304.6M1.851.85N/AN/A333,668615,8832,778,4516,325,441
2021-02-22$323.04$320.0026.7%7.6%21.0%11.1%28.8%10.2%-0.1%-2.40B7.02B-311.8M2.682.45N/AN/A337,251904,6122,320,4705,435,262
2021-02-23$322.49$320.0026.3%7.6%20.9%10.1%29.5%9.4%0.0%-2.43B7.80B-322.8M2.202.28N/AN/A707,9031,556,6862,440,3665,669,270
2021-02-24$323.51$320.0025.7%7.3%20.9%9.0%27.3%9.3%-0.0%-2.06B3.68B-333.0M2.041.67N/AN/A413,375842,5602,593,1036,029,493
2021-02-25$313.43$320.0032.2%9.5%21.0%20.6%34.6%11.4%-0.5%-3.08B27.92B-351.8M1.934.36N/AN/A611,9131,180,7572,654,0306,367,557
2021-02-26$318.01$317.0028.5%8.3%21.2%14.1%31.7%11.5%-0.2%-3.16B18.04B-353.6M1.681.97N/AN/A622,8671,049,0902,783,6066,567,757