QQQ Options History — February 2023

In February 2023, QQQ traded between $290.98 and $309.72. ATM implied volatility averaged 25.0%, placing in the 19.3% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 0.5% (HV 20d: 24.5%). Max pain ranged from $282.00 to $292.00. Net GEX was positive for 6 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 1.32.

Notable Days

  • 2023-02-02: Highest Volume — 4,288,310 contracts
  • 2023-02-14: Largest IV drop — 11.4% change
  • 2023-02-21: Highest IV Rank — 33.0%
  • 2023-02-21: Largest Expected Move — 7.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$301.32$290.98$309.72$302.60$294.09
Max Pain$289.11$282.00$292.00$282.00$291.00
ATM IV25.0%22.5%27.6%22.5%25.4%
Expected Move7.2%6.5%7.8%7.2%7.4%
HV 20d24.5%22.1%26.0%22.1%24.3%
HV 60d25.6%23.8%28.2%27.8%23.8%
IV Rank19.3%6.0%33.0%6.0%21.3%
IV Percentile18.3%0.8%38.9%0.8%21.4%
Term Structure0.0%-0.8%0.8%-0.1%-0.6%
VWIV25.9%24.4%27.7%26.9%25.3%
Skew 25d5.2%3.8%6.7%4.1%5.5%
Skew 10d9.3%7.4%11.7%8.4%9.5%
Call IV 25d22.5%20.5%24.2%20.6%22.3%
Put IV 25d27.7%24.7%30.8%24.7%27.8%
Bid-Ask Spread %1.110.811.741.561.04
Gamma HHI0.040.030.070.030.03
Net GEX-827.1M-3.61B1.71B1.48B-1.97B
Net DEX-13.64B-54.82B26.56B-37.73B12.53B
Net VEX-430.9M-450.9M-391.0M-392.5M-443.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.321.021.471.191.30
Total Volume2,763,579.8951,967,8594,288,3102,809,8791,967,859
Total OI12,977,518.57911,990,39114,088,92011,990,39112,867,139

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$302.60$282.0022.5%7.2%22.1%6.0%26.9%4.1%-0.1%1.48B-37.73B-392.5M1.191.56N/AN/A1,280,6111,529,2684,462,4267,527,965
2023-02-02$309.72$285.0023.5%6.8%22.6%11.5%24.4%3.8%-0.1%1.71B-54.82B-391.0M1.061.74N/AN/A2,081,1002,207,2104,598,2807,700,548
2023-02-03$305.92$285.0023.9%6.9%23.2%13.5%25.1%3.9%-0.0%256.4M-37.84B-419.0M1.281.09N/AN/A1,562,3192,004,2404,871,3328,156,023
2023-02-06$303.44$287.0024.5%7.1%22.5%16.9%25.4%4.5%0.2%-628.9M-23.97B-420.5M1.330.95N/AN/A1,014,9611,351,9624,634,0597,842,966
2023-02-07$309.64$287.0023.6%6.9%23.1%11.8%26.5%4.2%0.5%1.14B-41.89B-411.3M1.321.04N/AN/A1,278,2561,683,7194,668,7997,946,884
2023-02-08$304.47$288.0025.0%7.3%24.5%19.6%25.5%4.3%0.3%-932.4M-24.47B-431.1M1.020.94N/AN/A1,330,6591,358,6094,767,7338,161,808
2023-02-09$301.63$289.0026.3%7.6%24.7%26.1%26.8%4.8%0.2%-1.08B-14.42B-441.1M1.251.29N/AN/A1,191,7611,494,5364,911,7408,228,019
2023-02-10$299.69$290.0026.0%7.5%25.0%24.9%26.2%4.5%0.1%-2.05B-7.50B-443.8M1.430.81N/AN/A1,120,2431,600,8314,973,1598,388,025
2023-02-13$304.44$290.0026.0%7.5%25.3%25.0%26.9%4.9%0.2%-9.4M-22.86B-435.8M1.390.87N/AN/A999,4051,393,8224,852,2838,363,008
2023-02-14$307.28$290.0023.1%6.6%25.3%9.0%24.7%5.2%0.8%556.0M-31.32B-424.1M1.421.06N/AN/A1,319,2051,868,4054,998,8548,590,324
2023-02-15$308.13$290.0022.7%6.5%24.7%6.8%24.4%5.0%0.8%845.7M-35.03B-426.2M1.321.08N/AN/A1,020,0241,348,3035,065,4088,765,069
2023-02-16$303.81$290.0024.0%6.8%25.2%13.9%24.7%6.2%0.7%-792.0M-17.45B-436.7M1.361.38N/AN/A1,119,4481,520,2435,133,0078,779,363
2023-02-17$300.54$291.0024.9%7.1%24.9%18.7%25.5%6.1%0.4%-2.78B-6.13B-439.1M1.341.13N/AN/A1,320,0141,767,1585,190,9458,897,975
2023-02-21$294.57$291.0027.6%7.8%25.1%33.0%27.7%6.6%-0.8%-2.42B18.19B-441.2M1.460.93N/AN/A1,057,5861,546,8344,481,8197,716,790
2023-02-22$293.10$292.0027.5%7.7%25.1%32.5%27.1%6.7%-0.7%-2.52B20.23B-446.9M1.420.92N/AN/A1,007,2721,428,2044,599,1707,922,890
2023-02-23$297.26$292.0025.7%7.2%25.6%23.0%25.5%6.3%-0.5%-1.28B5.90B-447.6M1.251.07N/AN/A1,224,3631,532,6834,690,1228,088,076
2023-02-24$290.98$292.0026.7%7.5%26.0%28.6%26.2%5.9%-0.7%-3.61B26.56B-450.9M1.470.99N/AN/A1,153,1691,691,1214,811,3088,200,805
2023-02-27$293.81$291.0025.9%7.4%25.6%24.4%26.8%5.6%-0.6%-1.63B12.91B-444.0M1.421.15N/AN/A882,4651,250,1504,672,2028,046,530
2023-02-28$294.09$291.0025.4%7.4%24.3%21.3%25.3%5.5%-0.6%-1.97B12.53B-443.7M1.301.04N/AN/A854,5391,113,3204,716,3518,150,788