QQQ Options History — December 2022

In December 2022, QQQ traded between $259.85 and $294.26. ATM implied volatility averaged 26.4%, placing in the 39.6% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded below realized volatility by 1.5% (HV 20d: 27.8%). Max pain ranged from $280.00 to $295.00. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 1.22.

Notable Days

2022-12-13: Highest Volume — 3,503,946 contracts
2022-12-13: Largest IV drop — 9.7% change
2022-12-12: Highest IV Rank — 52.6%
2022-12-12: Largest Expected Move — 8.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$276.84	$259.85	$294.26	$294.26	$265.00
Max Pain	$287.14	$280.00	$295.00	$285.00	$280.00
ATM IV	26.4%	23.8%	29.3%	24.8%	27.2%
Expected Move	7.6%	7.0%	8.2%	8.1%	7.8%
HV 20d	27.8%	22.1%	34.4%	33.9%	24.8%
HV 60d	31.6%	30.9%	33.4%	33.3%	31.1%
IV Rank	39.6%	28.3%	52.6%	32.5%	43.1%
IV Percentile	29.0%	16.3%	48.4%	20.2%	33.3%
Term Structure	0.3%	-1.0%	1.3%	0.1%	1.3%
VWIV	26.5%	24.0%	28.7%	28.2%	26.8%
Skew 25d	4.2%	3.7%	4.9%	3.9%	4.3%
Skew 10d	7.9%	6.5%	9.1%	7.8%	7.5%
Call IV 25d	24.1%	22.0%	26.8%	23.0%	24.3%
Put IV 25d	28.3%	25.7%	31.7%	26.9%	28.6%
Bid-Ask Spread %	1.11	0.96	1.58	1.03	0.96
Gamma HHI	0.06	0.04	0.11	0.04	0.11
Net GEX	-1.52B	-2.84B	1.21B	1.21B	-2.42B
Net DEX	30.46B	-12.45B	54.39B	-12.45B	35.19B
Net VEX	-363.0M	-385.4M	-332.5M	-380.8M	-347.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.22	0.89	1.89	1.16	1.59
Total Volume	2,525,932.714	1,789,171	3,503,946	2,632,441	1,789,171
Total OI	11,799,867.952	10,409,032	13,249,085	12,087,787	10,960,031

Daily Data (21 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
2022-12-01	$294.26	$285.00	24.8%	8.1%	33.9%	32.5%	28.2%	3.9%	0.1%	1.21B	-12.45B	-380.8M	1.16	1.03	N/A	N/A	1,220,798	1,411,643	5,151,782	6,936,005
2022-12-02	$291.87	$286.00	23.8%	7.8%	32.8%	28.3%	26.7%	3.7%	0.2%	475.2M	-3.22B	-374.9M	1.06	1.13	N/A	N/A	1,289,191	1,369,802	5,282,092	7,017,465
2022-12-05	$286.69	$295.00	25.4%	7.5%	33.8%	35.1%	26.3%	4.3%	0.9%	-1.22B	16.73B	-375.1M	1.07	1.12	N/A	N/A	1,041,416	1,118,678	5,099,982	6,909,061
2022-12-06	$281.75	$295.00	26.7%	7.8%	34.4%	40.9%	27.2%	4.2%	0.9%	-1.80B	31.00B	-372.0M	1.05	1.09	N/A	N/A	1,423,387	1,488,972	5,159,316	6,974,946
2022-12-07	$280.31	$295.00	27.4%	8.0%	34.4%	44.2%	27.3%	4.5%	0.9%	-2.00B	33.99B	-374.3M	1.06	1.01	N/A	N/A	1,247,147	1,322,076	5,300,315	7,078,947
2022-12-08	$283.55	$290.00	27.0%	7.8%	33.1%	42.2%	27.1%	4.2%	1.1%	-898.4M	21.45B	-383.1M	1.01	1.12	N/A	N/A	1,103,954	1,120,513	5,430,454	7,112,938
2022-12-09	$282.92	$290.00	27.3%	7.9%	23.4%	43.6%	28.0%	3.9%	1.2%	-1.51B	24.10B	-383.3M	1.21	1.12	N/A	N/A	1,015,401	1,225,161	5,533,304	7,242,000
2022-12-12	$284.56	$290.00	29.3%	8.2%	22.1%	52.6%	28.7%	4.9%	-1.0%	-763.1M	18.16B	-385.4M	1.08	1.03	N/A	N/A	936,690	1,007,560	5,399,381	7,190,439
2022-12-13	$289.31	$290.00	26.5%	7.4%	22.8%	40.1%	26.0%	3.9%	-0.9%	340.4M	2.65B	-383.2M	0.89	1.05	N/A	N/A	1,850,559	1,653,387	5,528,511	7,364,189
2022-12-14	$286.14	$290.00	24.9%	7.0%	22.9%	33.3%	24.2%	3.9%	-0.5%	-730.4M	16.21B	-375.4M	0.93	1.58	N/A	N/A	1,464,210	1,360,285	5,604,875	7,441,665
2022-12-15	$276.32	$290.00	26.4%	7.4%	25.6%	39.6%	25.6%	4.5%	-0.6%	-2.58B	48.65B	-363.0M	1.27	1.30	N/A	N/A	1,243,430	1,581,310	5,667,653	7,426,628
2022-12-16	$274.93	$290.00	25.8%	7.3%	25.6%	36.9%	25.4%	4.0%	-0.5%	-2.84B	52.15B	-359.0M	1.08	1.32	N/A	N/A	1,156,974	1,248,633	5,715,599	7,533,486
2022-12-19	$269.12	$290.00	26.7%	7.6%	26.4%	41.2%	26.0%	4.3%	0.3%	-2.58B	53.51B	-346.2M	1.09	1.05	N/A	N/A	1,108,889	1,206,914	4,309,382	6,099,650
2022-12-20	$270.05	$285.00	26.0%	7.4%	26.3%	38.1%	25.7%	4.2%	0.1%	-2.25B	44.60B	-349.6M	1.01	1.05	N/A	N/A	1,133,807	1,140,883	4,470,887	6,047,604
2022-12-21	$273.36	$285.00	24.6%	7.1%	26.3%	31.9%	24.0%	3.8%	0.2%	-1.28B	30.84B	-356.5M	1.71	1.00	N/A	N/A	1,061,231	1,818,946	4,618,872	6,016,215
2022-12-22	$265.52	$284.00	26.7%	7.6%	27.5%	41.0%	26.5%	4.3%	0.0%	-2.70B	50.62B	-346.4M	1.53	1.20	N/A	N/A	1,290,096	1,975,302	4,698,300	6,057,063
2022-12-23	$266.92	$280.00	25.7%	7.4%	27.7%	36.6%	25.8%	4.2%	0.1%	-1.84B	43.48B	-350.6M	1.09	1.02	N/A	N/A	905,766	985,303	4,836,528	6,167,446
2022-12-27	$264.10	$280.00	27.2%	7.9%	27.4%	43.3%	27.1%	4.5%	1.0%	-2.58B	48.03B	-337.4M	1.39	1.02	N/A	N/A	844,325	1,169,939	4,725,043	6,052,132
2022-12-28	$259.85	$280.00	27.9%	8.1%	27.8%	46.5%	26.7%	4.3%	1.0%	-2.81B	54.39B	-332.5M	1.89	1.06	N/A	N/A	1,046,960	1,980,648	4,789,432	6,047,133
2022-12-29	$267.05	$280.00	26.7%	7.7%	25.3%	40.9%	26.7%	4.5%	1.2%	-1.16B	29.58B	-347.0M	1.49	1.08	N/A	N/A	1,076,938	1,608,292	4,913,771	5,886,705
2022-12-30	$265.00	$280.00	27.2%	7.8%	24.8%	43.1%	26.8%	4.3%	1.3%	-2.42B	35.19B	-347.1M	1.59	0.96	N/A	N/A	691,673	1,097,498	4,990,089	5,969,942