QQQ Options History — January 2023

In January 2023, QQQ traded between $262.03 and $297.27. ATM implied volatility averaged 25.1%, placing in the 22.5% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 1.5% (HV 20d: 23.6%). Max pain ranged from $270.00 to $280.00. Net GEX was positive for 8 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 1.24.

Notable Days

  • 2023-01-27: Highest Volume — 3,213,300 contracts
  • 2023-01-12: Largest IV drop — 9.0% change
  • 2023-01-03: Highest IV Rank — 50.3%
  • 2023-01-03: Largest Expected Move — 8.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$279.64$262.03$297.27$264.27$293.36
Max Pain$275.85$270.00$280.00$279.00$280.00
ATM IV25.1%22.6%28.8%28.8%24.6%
Expected Move7.4%6.6%8.2%8.2%7.9%
HV 20d23.6%19.9%26.9%24.8%20.4%
HV 60d29.0%27.6%31.0%31.0%27.6%
IV Rank22.5%10.4%50.3%50.3%16.9%
IV Percentile16.7%1.2%44.0%44.0%13.5%
Term Structure-0.3%-0.8%0.8%-0.5%-0.0%
VWIV26.3%23.4%28.5%28.4%28.3%
Skew 25d4.4%3.7%5.5%4.5%4.6%
Skew 10d8.1%6.5%9.8%7.8%8.7%
Call IV 25d22.9%20.3%26.3%26.2%22.5%
Put IV 25d27.3%24.5%30.7%30.7%27.1%
Bid-Ask Spread %1.190.891.550.891.17
Gamma HHI0.040.030.070.050.03
Net GEX-233.3M-2.01B1.22B-1.57B222.2M
Net DEX3.92B-34.23B41.20B36.25B-14.66B
Net VEX-362.2M-392.0M-340.7M-343.9M-392.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.241.051.861.071.28
Total Volume2,604,737.751,874,5953,213,3002,216,3652,062,698
Total OI11,056,364.559,993,32612,136,3469,993,32611,636,318

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$264.27$279.0028.8%8.2%24.8%50.3%28.4%4.5%-0.5%-1.57B36.25B-343.9M1.070.89N/AN/A1,071,9821,144,3834,342,5655,650,761
2023-01-04$263.69$276.0028.6%8.1%24.4%48.9%27.5%4.2%-0.5%-1.55B37.29B-344.2M1.860.96N/AN/A1,001,9431,863,5004,514,5685,813,299
2023-01-05$262.03$270.0028.5%8.1%23.9%46.1%28.5%3.7%-0.7%-2.01B41.20B-340.7M1.551.37N/AN/A882,9441,372,4614,578,2395,881,515
2023-01-06$269.56$270.0026.4%7.6%26.4%30.2%26.9%3.7%-0.6%-143.7M22.05B-357.6M1.141.54N/AN/A1,296,8041,472,5664,666,1956,038,231
2023-01-09$271.19$270.0027.2%7.8%26.1%34.2%27.8%4.3%0.2%-371.9M17.74B-358.8M1.341.30N/AN/A1,168,3081,560,6204,588,5176,044,646
2023-01-10$272.03$270.0026.6%7.7%26.2%31.1%27.6%4.1%0.3%-960.9M17.92B-360.3M1.051.16N/AN/A912,413962,1824,659,8716,320,466
2023-01-11$276.64$270.0026.5%7.7%26.9%30.8%28.1%4.1%0.4%-73.0M4.88B-366.8M1.081.04N/AN/A1,373,6431,477,9314,723,3856,486,211
2023-01-12$278.25$270.0024.1%7.0%26.2%18.7%25.1%3.9%0.4%474.3M2.12B-361.9M1.061.31N/AN/A1,533,1371,632,4344,917,8486,633,065
2023-01-13$280.77$272.0022.6%6.6%26.3%10.8%23.4%4.2%0.8%1.19B-5.96B-360.6M1.271.13N/AN/A1,013,9221,285,6724,986,5786,781,606
2023-01-17$281.22$275.0023.6%6.8%23.0%11.6%23.9%5.1%-0.4%204.8M-2.95B-353.2M1.161.04N/AN/A913,4901,055,4634,789,8916,667,111
2023-01-18$278.35$280.0024.3%7.0%23.2%15.9%24.6%5.5%-0.7%-1.03B8.06B-357.2M1.351.23N/AN/A1,245,1321,676,6674,890,1326,829,180
2023-01-19$275.92$280.0024.2%7.0%22.1%14.9%24.7%5.3%-0.7%-1.66B16.46B-358.3M1.291.33N/AN/A1,068,4731,380,4524,982,4206,955,262
2023-01-20$282.17$275.0023.5%6.8%23.3%11.4%24.4%5.0%-0.8%535.0M-8.49B-362.2M1.071.30N/AN/A1,315,7201,405,6665,075,5377,060,809
2023-01-23$288.49$280.0023.7%7.0%24.1%12.4%25.2%4.5%-0.3%635.0M-13.78B-360.4M1.161.11N/AN/A1,449,6531,682,4903,807,3396,213,435
2023-01-24$287.31$280.0023.7%7.1%21.2%12.6%25.1%4.5%-0.5%-36.6M-8.89B-366.9M1.221.07N/AN/A879,4561,072,2553,995,2956,448,933
2023-01-25$287.17$280.0023.4%7.1%21.3%10.9%25.3%4.4%-0.4%-186.0M-7.34B-368.0M1.281.08N/AN/A1,303,4621,674,1604,068,7266,601,391
2023-01-26$292.38$280.0023.8%7.3%21.1%12.7%26.2%4.2%-0.7%1.21B-22.63B-371.4M1.121.55N/AN/A1,318,8861,473,2824,180,3806,730,666
2023-01-27$297.27$280.0023.3%7.1%19.9%10.4%25.9%3.9%-0.5%1.22B-34.23B-371.7M1.111.08N/AN/A1,525,2871,688,0134,272,6256,991,494
2023-01-30$290.82$280.0025.1%8.0%20.8%19.9%28.4%4.8%-0.2%-758.3M-6.76B-388.6M1.361.06N/AN/A1,218,3761,658,8294,213,9837,088,798
2023-01-31$293.36$280.0024.6%7.9%20.4%16.9%28.3%4.6%-0.0%222.2M-14.66B-392.0M1.281.17N/AN/A903,2311,159,4674,396,5067,239,812