QQQ Options History — March 2021

In March 2021, QQQ traded between $301.57 and $323.32. ATM implied volatility averaged 26.5%, placing in the 11.9% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded below realized volatility by 0.4% (HV 20d: 26.9%). Max pain ranged from $317.00 to $320.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 13 of 23 days. Put/call ratio averaged 1.67.

Notable Days

  • 2021-03-04: Highest Volume — 2,902,934 contracts
  • 2021-03-18: Largest IV spike — 14.6% change
  • 2021-03-04: Highest IV Rank — 20.4%
  • 2021-03-04: Largest Expected Move — 9.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$314.69$301.57$323.32$323.32$319.61
Max Pain$319.57$317.00$320.00$317.00$319.00
ATM IV26.5%22.2%32.1%24.9%22.2%
Expected Move7.6%6.2%9.0%7.1%6.2%
HV 20d26.9%19.1%31.0%20.5%26.0%
HV 60d22.1%18.6%23.5%18.6%23.5%
IV Rank11.9%4.9%20.4%7.5%4.9%
IV Percentile37.2%4.0%67.5%25.0%4.0%
Term Structure-0.0%-0.8%0.5%0.2%0.2%
VWIV28.1%24.8%32.0%29.0%24.8%
Skew 25d8.3%5.9%11.8%9.0%6.4%
Skew 10d14.9%11.1%20.6%16.8%11.5%
Call IV 25d23.0%19.8%26.8%21.3%19.8%
Put IV 25d31.3%26.2%38.5%30.2%26.2%
Bid-Ask Spread %1.971.383.311.871.66
Gamma HHI0.040.030.050.030.03
Net GEX-2.30B-4.11B-336.9M-1.71B-336.9M
Net DEX14.74B-3.32B45.10B1.84B-706.0M
Net VEX-345.9M-359.5M-331.6M-339.5M-331.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.671.312.192.191.52
Total Volume1,412,803.391755,7322,902,9341,007,2761,320,405
Total OI9,531,574.138,233,93910,898,1748,892,9859,125,318

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$323.32$317.0024.9%7.1%20.5%7.5%29.0%9.0%0.2%-1.71B1.84B-339.5M2.191.87N/AN/A315,615691,6612,653,9526,239,033
2021-03-02$319.74$317.0026.3%7.6%19.1%10.1%27.3%9.6%-0.1%-2.25B9.74B-342.5M1.421.93N/AN/A339,443483,6602,710,3436,346,874
2021-03-03$310.86$319.0029.3%8.7%20.4%15.5%31.4%10.1%-0.5%-3.48B30.36B-349.3M2.042.42N/AN/A605,3051,234,5652,828,7616,490,431
2021-03-04$303.99$320.0032.1%9.0%21.6%20.4%32.0%11.8%-0.8%-3.85B45.10B-353.7M1.792.72N/AN/A1,041,1871,861,7472,951,3626,591,274
2021-03-05$309.26$320.0028.6%8.1%22.6%14.2%29.8%10.3%-0.6%-2.94B29.63B-354.3M1.452.45N/AN/A993,5011,441,5833,126,1876,728,860
2021-03-08$301.57$320.0031.2%8.7%23.7%18.8%29.9%10.1%-0.7%-2.88B40.19B-349.2M1.313.31N/AN/A511,761670,3492,977,3986,465,160
2021-03-09$312.30$320.0028.7%8.2%27.4%14.5%30.6%10.6%-0.0%-1.88B16.48B-357.5M1.942.09N/AN/A535,5321,037,6113,121,6046,583,575
2021-03-10$311.60$320.0028.4%8.1%27.3%13.9%29.8%9.5%-0.2%-2.48B19.48B-359.5M2.042.03N/AN/A439,087897,3943,186,7676,922,895
2021-03-11$318.54$320.0026.4%7.6%28.7%10.2%29.1%8.9%0.1%-1.28B1.43B-354.2M1.631.68N/AN/A536,582872,9723,222,8037,069,605
2021-03-12$315.32$320.0027.5%7.9%28.7%12.3%28.3%8.5%0.1%-2.01B10.46B-355.2M1.921.77N/AN/A524,5091,009,3523,272,2417,235,827
2021-03-15$317.77$320.0025.8%7.4%28.8%9.2%28.0%7.8%0.0%-1.80B4.77B-341.4M1.591.79N/AN/A292,286463,4463,115,6086,890,942
2021-03-16$321.20$320.0025.9%7.4%29.2%9.4%28.1%8.1%0.0%-1.18B-3.18B-340.5M1.881.68N/AN/A550,3411,033,1703,184,7486,972,312
2021-03-17$321.66$320.0025.1%7.2%29.2%8.1%26.3%7.1%0.1%-1.30B-3.32B-339.2M1.701.95N/AN/A608,2511,036,3443,221,4667,196,907
2021-03-18$312.24$320.0028.8%8.3%30.8%14.6%29.5%8.2%-0.2%-3.80B25.80B-352.7M1.482.01N/AN/A666,956985,7143,276,8517,386,827
2021-03-19$314.01$320.0026.1%7.5%31.0%12.7%27.7%6.7%0.0%-4.11B19.92B-346.5M1.631.59N/AN/A617,8181,005,7533,411,3917,486,783
2021-03-22$318.90$320.0024.1%6.9%30.4%9.0%26.2%6.6%0.5%-1.21B4.23B-338.0M1.411.82N/AN/A429,022606,8532,548,4345,685,505
2021-03-23$317.11$320.0024.9%7.2%30.5%11.8%26.5%6.8%0.3%-1.74B8.87B-340.8M1.531.74N/AN/A339,716520,1072,648,4775,833,950
2021-03-24$313.04$320.0026.0%7.5%30.7%15.2%27.3%7.1%0.2%-2.51B18.01B-342.9M1.551.51N/AN/A468,941727,7742,703,6845,948,102
2021-03-25$312.07$320.0025.1%7.2%28.6%12.7%26.9%6.2%0.3%-3.08B20.27B-347.4M1.602.11N/AN/A624,915999,9092,816,0776,116,641
2021-03-26$313.68$320.0023.4%6.7%28.2%7.8%24.9%5.9%0.3%-3.03B15.46B-340.0M1.691.88N/AN/A556,831942,5402,906,4786,238,189
2021-03-29$315.62$319.0024.5%7.2%27.6%10.9%27.5%7.4%-0.2%-1.85B10.75B-341.8M1.571.88N/AN/A328,108515,5682,726,7746,090,667
2021-03-30$314.35$319.0024.0%6.9%27.4%10.7%25.8%7.2%-0.0%-2.21B13.37B-337.9M1.451.38N/AN/A330,989479,3052,784,0536,185,069
2021-03-31$319.61$319.0022.2%6.2%26.0%4.9%24.8%6.4%0.2%-336.9M-706.0M-331.6M1.521.66N/AN/A523,031797,3742,852,4096,272,909