QQQ Options History — January 2022

In January 2022, QQQ traded between $343.24 and $401.32. ATM implied volatility averaged 26.0%, placing in the 61.1% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 5.1% (HV 20d: 20.8%). Max pain ranged from $372.00 to $395.00. Net GEX was positive for 1 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 1.37.

Notable Days

2022-01-24: Highest Volume — 4,131,971 contracts
2022-01-05: Largest IV spike — 20.4% change
2022-01-25: Highest IV Rank — 100.0%
2022-01-26: Largest Expected Move — 10.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$370.57	$343.24	$401.32	$401.32	$361.67
Max Pain	$384.15	$372.00	$395.00	$378.00	$372.00
ATM IV	26.0%	17.6%	34.5%	17.6%	26.3%
Expected Move	7.6%	4.7%	10.5%	4.7%	8.0%
HV 20d	20.8%	18.7%	25.5%	20.8%	25.5%
HV 60d	19.3%	17.4%	22.0%	17.4%	22.0%
IV Rank	61.1%	19.7%	100.0%	19.7%	60.6%
IV Percentile	80.5%	34.1%	100.0%	34.1%	90.1%
Term Structure	-0.2%	-1.4%	0.5%	0.4%	0.3%
VWIV	27.5%	18.6%	36.9%	19.2%	30.7%
Skew 25d	8.9%	6.3%	12.0%	6.3%	9.2%
Skew 10d	15.8%	12.3%	20.8%	12.3%	16.7%
Call IV 25d	21.9%	15.2%	28.5%	15.2%	22.4%
Put IV 25d	30.7%	21.5%	40.5%	21.5%	31.6%
Bid-Ask Spread %	2.17	1.73	3.45	1.73	1.78
Gamma HHI	0.04	0.03	0.09	0.03	0.03
Net GEX	-2.62B	-4.51B	640.4M	640.4M	-1.47B
Net DEX	28.80B	-24.44B	70.95B	-24.44B	23.86B
Net VEX	-378.7M	-390.6M	-351.0M	-351.0M	-390.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.37	0.99	1.85	1.29	1.56
Total Volume	2,392,714.7	1,225,559	4,131,971	1,225,559	2,396,667
Total OI	8,879,441.1	7,879,045	10,067,168	7,879,045	8,756,065

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-01-03	$401.32	$378.00	17.6%	4.7%	20.8%	19.7%	19.2%	6.3%	0.4%	640.4M	-24.44B	-351.0M	1.29	1.73	N/A	N/A	534,391	691,168	2,616,092	5,262,953
2022-01-04	$397.07	$380.00	18.7%	5.0%	20.7%	25.3%	18.6%	6.6%	0.4%	-1.00B	-14.03B	-358.1M	1.15	1.84	N/A	N/A	823,449	945,191	2,623,069	5,380,017
2022-01-05	$386.22	$380.00	22.5%	6.3%	20.8%	44.6%	23.9%	7.8%	-0.5%	-2.70B	11.62B	-373.7M	1.56	2.25	N/A	N/A	986,514	1,534,704	2,796,753	5,562,151
2022-01-06	$383.97	$395.00	22.8%	6.6%	20.7%	46.1%	24.5%	8.4%	-0.6%	-3.37B	15.68B	-380.6M	1.58	2.07	N/A	N/A	804,004	1,272,742	2,846,197	5,751,628
2022-01-07	$380.37	$394.00	22.4%	6.6%	20.7%	44.2%	23.8%	7.6%	0.3%	-4.51B	24.27B	-381.4M	1.25	1.92	N/A	N/A	1,015,534	1,266,988	3,012,816	5,949,999
2022-01-10	$378.67	$394.00	23.4%	6.8%	20.5%	49.0%	26.5%	8.0%	0.1%	-3.30B	21.57B	-376.6M	1.32	1.96	N/A	N/A	1,197,842	1,577,366	2,991,503	5,860,596
2022-01-11	$385.25	$390.00	21.4%	6.3%	21.5%	39.1%	23.7%	7.6%	0.5%	-1.28B	1.07B	-377.3M	1.13	1.81	N/A	N/A	857,800	971,821	3,034,882	5,957,503
2022-01-12	$387.74	$390.00	20.5%	5.9%	20.9%	34.3%	22.6%	7.5%	-0.4%	-502.9M	-5.58B	-369.7M	1.22	2.00	N/A	N/A	962,396	1,176,761	3,130,736	6,088,107
2022-01-13	$378.77	$390.00	23.8%	7.0%	21.3%	50.9%	23.9%	8.6%	-0.5%	-3.17B	21.09B	-382.5M	1.31	1.98	N/A	N/A	1,024,786	1,342,549	3,064,337	6,165,948
2022-01-14	$380.22	$390.00	22.8%	6.7%	20.4%	45.8%	25.0%	8.0%	0.3%	-2.75B	17.08B	-386.6M	1.76	2.34	N/A	N/A	853,321	1,498,033	3,281,274	6,383,328
2022-01-18	$370.56	$390.00	27.3%	7.9%	22.2%	68.7%	27.1%	8.6%	0.4%	-4.10B	37.96B	-379.7M	1.30	2.66	N/A	N/A	918,438	1,198,147	3,115,149	6,167,954
2022-01-19	$368.70	$385.00	26.7%	7.7%	21.7%	65.7%	26.7%	8.5%	-1.2%	-3.67B	40.01B	-376.1M	1.30	1.76	N/A	N/A	1,005,857	1,305,152	3,206,811	6,193,493
2022-01-20	$363.36	$385.00	27.1%	7.8%	20.5%	67.8%	26.9%	8.6%	-0.7%	-3.80B	52.49B	-382.6M	1.35	2.23	N/A	N/A	1,023,198	1,378,208	3,294,348	6,328,450
2022-01-21	$353.52	$385.00	31.4%	9.2%	21.3%	89.6%	31.0%	9.2%	-1.4%	-4.40B	70.95B	-385.4M	1.49	2.68	N/A	N/A	1,485,097	2,206,081	3,547,027	6,520,141
2022-01-24	$350.18	$380.00	33.2%	10.0%	20.2%	98.5%	36.6%	11.6%	0.0%	-2.88B	55.82B	-384.2M	1.47	2.79	N/A	N/A	1,673,175	2,458,796	2,688,544	5,297,330
2022-01-25	$347.13	$380.00	34.1%	10.3%	18.9%	100.0%	36.1%	12.0%	-0.0%	-2.37B	54.99B	-390.2M	0.99	2.17	N/A	N/A	950,208	941,394	2,905,409	5,474,157
2022-01-26	$344.36	$375.00	34.5%	10.5%	18.8%	100.0%	36.9%	12.0%	-0.9%	-2.61B	59.77B	-385.3M	1.18	3.45	N/A	N/A	1,301,204	1,530,199	3,102,584	5,580,908
2022-01-27	$343.24	$375.00	33.2%	10.2%	18.7%	93.7%	34.2%	11.4%	-0.9%	-2.90B	61.66B	-379.4M	1.43	2.02	N/A	N/A	801,981	1,146,107	3,077,770	5,621,729
2022-01-28	$349.07	$375.00	29.9%	9.1%	20.6%	77.9%	32.4%	10.1%	0.2%	-2.31B	50.07B	-383.6M	1.85	2.06	N/A	N/A	982,848	1,814,177	3,232,838	5,718,226
2022-01-31	$361.67	$372.00	26.3%	8.0%	25.5%	60.6%	30.7%	9.2%	0.3%	-1.47B	23.86B	-390.6M	1.56	1.78	N/A	N/A	936,702	1,459,965	3,040,032	5,716,033