QQQ Options History — May 2021

In May 2021, QQQ traded between $317.65 and $336.18. ATM implied volatility averaged 21.6%, placing in the 15.7% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 3.0% (HV 20d: 18.6%). Max pain ranged from $322.00 to $330.00. Net GEX was positive for 3 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 1.51.

Notable Days

  • 2021-05-04: Highest Volume — 2,051,796 contracts
  • 2021-05-10: Largest IV spike — 20.0% change
  • 2021-05-12: Highest IV Rank — 49.5%
  • 2021-05-12: Largest Expected Move — 8.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$328.41$317.65$336.18$336.18$334.40
Max Pain$325.00$322.00$330.00$330.00$325.00
ATM IV21.6%17.4%28.6%19.7%17.4%
Expected Move6.2%5.0%8.1%5.7%5.0%
HV 20d18.6%13.0%21.6%13.0%21.4%
HV 60d22.0%20.5%23.1%21.0%20.5%
IV Rank15.7%0.0%49.5%6.2%0.0%
IV Percentile15.0%0.0%69.0%1.6%0.0%
Term Structure-0.0%-0.9%0.4%0.4%0.3%
VWIV23.3%19.5%28.9%20.6%19.5%
Skew 25d7.3%5.4%9.5%6.8%5.4%
Skew 10d13.5%11.2%17.7%11.8%11.2%
Call IV 25d18.4%15.2%24.1%16.8%15.2%
Put IV 25d25.7%20.6%33.6%23.6%20.6%
Bid-Ask Spread %1.871.292.391.901.57
Gamma HHI0.030.030.060.040.06
Net GEX-1.97B-4.09B960.1M-2.19B960.1M
Net DEX6.23B-16.01B39.74B-5.58B-16.01B
Net VEX-351.4M-373.1M-330.2M-342.4M-330.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.511.171.931.301.35
Total Volume1,255,129.6733,2392,051,796759,387860,421
Total OI9,364,447.158,537,88010,217,7418,537,8809,338,916

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-05-03$336.18$330.0019.7%5.7%13.0%6.2%20.6%6.8%0.4%-2.19B-5.58B-342.4M1.301.90N/AN/A330,083429,3042,664,6755,873,205
2021-05-04$328.45$330.0022.8%6.7%15.5%21.3%25.4%7.7%0.3%-3.07B13.68B-354.6M1.931.32N/AN/A699,8271,351,9692,707,5655,938,418
2021-05-05$329.48$330.0022.3%6.5%15.6%18.7%24.9%7.7%-0.8%-2.85B10.86B-357.4M1.781.29N/AN/A409,331727,1282,853,6486,229,293
2021-05-06$330.04$325.0021.3%6.3%15.2%14.1%23.5%8.1%-0.4%-3.00B9.54B-361.3M1.611.85N/AN/A455,994735,6942,874,5866,384,372
2021-05-07$334.53$325.0018.6%5.7%15.9%0.8%22.2%6.6%0.4%-1.30B-5.80B-355.4M1.822.39N/AN/A480,899877,5192,988,3906,549,938
2021-05-10$326.89$325.0022.3%6.4%17.8%18.9%22.5%7.2%-0.3%-3.46B16.78B-355.7M1.171.90N/AN/A667,934783,8272,842,8876,386,148
2021-05-11$325.23$325.0024.1%7.0%17.2%27.8%25.3%8.3%0.2%-3.33B20.25B-365.4M1.511.96N/AN/A740,6921,115,4042,961,9576,467,877
2021-05-12$317.65$324.0028.6%8.1%18.4%49.5%28.9%9.5%-0.9%-4.09B39.74B-373.1M1.451.83N/AN/A801,8501,164,8553,124,9236,580,746
2021-05-13$320.95$323.0024.8%7.2%17.7%31.1%26.3%8.6%-0.6%-3.30B27.36B-364.5M1.651.76N/AN/A593,956977,1503,167,1816,571,959
2021-05-14$326.57$322.0021.1%6.2%19.1%12.8%23.4%7.4%0.4%-2.04B8.33B-357.2M1.532.11N/AN/A512,017782,0403,275,5496,681,396
2021-05-17$323.89$322.0022.7%6.6%19.0%20.6%23.6%7.6%0.3%-2.89B16.46B-352.6M1.282.07N/AN/A465,727597,7133,138,6646,402,231
2021-05-18$323.92$323.0022.6%6.5%19.0%20.2%24.1%7.2%0.4%-2.57B14.15B-352.1M1.712.08N/AN/A331,253568,0613,196,3726,377,108
2021-05-19$321.12$324.0024.6%7.0%18.8%29.8%26.1%7.8%-0.5%-3.23B22.76B-356.5M1.712.25N/AN/A560,010955,1153,269,2586,518,469
2021-05-20$329.29$323.0021.5%6.2%21.0%14.8%23.0%7.1%-0.3%-923.9M-4.43B-350.2M1.292.34N/AN/A594,193767,4823,361,6906,607,635
2021-05-21$326.98$324.0021.1%6.1%20.4%13.1%23.3%7.2%0.2%-2.22B5.63B-350.9M1.342.29N/AN/A597,851803,0893,457,0306,760,711
2021-05-24$333.08$325.0019.2%5.5%21.6%3.9%20.0%6.8%0.3%102.0M-12.79B-337.3M1.411.74N/AN/A453,141639,6152,956,0325,774,038
2021-05-25$332.76$325.0020.0%5.7%21.6%7.6%22.5%6.5%0.3%-150.5M-10.93B-339.3M1.511.69N/AN/A318,365479,5242,998,7195,842,325
2021-05-26$333.77$325.0019.1%5.4%21.6%3.1%21.5%6.5%-0.4%270.9M-14.16B-336.7M1.301.65N/AN/A318,612414,6273,101,3465,964,303
2021-05-27$333.04$325.0018.4%5.2%21.6%0.0%20.0%6.2%-0.4%-197.6M-11.33B-334.7M1.541.49N/AN/A291,159449,1613,073,7236,025,660
2021-05-28$334.40$325.0017.4%5.0%21.4%0.0%19.5%5.4%0.3%960.1M-16.01B-330.2M1.351.57N/AN/A366,049494,3723,163,8056,175,111