QQQ Options History — March 2023

In March 2023, QQQ traded between $287.66 and $320.00. ATM implied volatility averaged 24.6%, placing in the 17.3% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 3.5% (HV 20d: 21.1%). Max pain ranged from $290.00 to $303.00. Net GEX was positive for 9 of 23 trading days. Term structure was in contango for 13 of 23 days. Put/call ratio averaged 1.39.

Notable Days

  • 2023-03-16: Highest Volume — 4,102,323 contracts
  • 2023-03-09: Largest IV spike — 10.4% change
  • 2023-03-13: Highest IV Rank — 35.0%
  • 2023-03-13: Largest Expected Move — 7.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$302.92$287.66$320.00$291.38$320.00
Max Pain$298.30$290.00$303.00$291.00$303.00
ATM IV24.6%21.8%27.9%25.8%21.8%
Expected Move7.0%5.9%7.8%7.6%5.9%
HV 20d21.1%19.5%24.3%24.3%20.3%
HV 60d23.1%21.6%24.2%23.8%21.9%
IV Rank17.3%2.1%35.0%23.6%2.1%
IV Percentile18.4%0.4%46.8%25.8%0.4%
Term Structure0.1%-0.7%1.1%-0.7%1.1%
VWIV25.4%22.5%28.6%25.5%22.5%
Skew 25d5.8%4.2%7.6%5.3%4.8%
Skew 10d10.9%7.3%15.6%9.1%9.8%
Call IV 25d21.8%19.2%24.7%22.8%19.2%
Put IV 25d27.6%24.0%30.9%28.1%24.0%
Bid-Ask Spread %1.270.891.721.021.41
Gamma HHI0.040.030.150.050.15
Net GEX-265.7M-3.69B4.13B-2.89B4.13B
Net DEX-8.82B-48.27B37.90B21.62B-48.27B
Net VEX-459.4M-476.0M-440.5M-450.5M-459.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.391.141.641.451.50
Total Volume2,972,569.4782,265,7434,102,3232,557,4883,387,622
Total OI13,255,887.52211,699,91014,780,06713,083,52813,619,138

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$291.38$291.0025.8%7.6%24.3%23.6%25.5%5.3%-0.7%-2.89B21.62B-450.5M1.451.02N/AN/A1,042,9081,514,5804,783,5568,299,972
2023-03-02$293.97$290.0025.1%7.4%21.7%19.9%26.4%5.1%-0.7%-1.13B10.35B-450.8M1.371.10N/AN/A1,072,2181,468,2694,919,1248,331,298
2023-03-03$299.52$290.0023.4%6.8%21.0%10.7%24.6%4.8%-0.6%562.7M-10.07B-446.4M1.641.35N/AN/A1,044,2641,714,7764,991,6018,482,000
2023-03-06$300.26$299.0023.4%6.7%20.7%11.0%25.1%4.3%0.3%-401.5M-8.94B-440.5M1.631.05N/AN/A1,048,2421,705,0034,771,6138,397,087
2023-03-07$296.48$299.0024.1%6.8%21.0%14.3%23.9%4.2%0.1%-2.10B5.45B-443.6M1.371.01N/AN/A1,110,2981,524,1644,911,0928,512,489
2023-03-08$297.98$299.0023.6%6.7%19.5%11.9%24.0%4.2%0.1%-1.15B-200.0M-446.5M1.320.89N/AN/A1,033,0911,365,6365,026,7628,644,255
2023-03-09$292.51$300.0026.1%7.2%19.7%25.1%25.1%4.7%-0.2%-2.80B20.09B-457.8M1.221.32N/AN/A1,436,3041,746,9155,123,5788,702,302
2023-03-10$287.66$300.0027.8%7.7%20.3%34.2%26.9%6.0%-0.2%-3.69B37.90B-463.5M1.331.47N/AN/A1,613,7932,150,7085,280,8648,693,087
2023-03-13$292.23$299.0027.9%7.8%21.2%35.0%27.0%6.5%-0.7%-1.61B17.44B-459.3M1.421.69N/AN/A1,432,0362,033,6985,203,3778,514,453
2023-03-14$295.60$296.0025.7%7.2%20.8%22.9%26.2%6.0%-0.5%-770.2M4.83B-455.1M1.381.44N/AN/A1,183,5051,638,9505,351,6118,602,328
2023-03-15$297.77$296.0026.8%7.5%20.6%28.9%27.0%7.6%-0.6%-678.9M-997.0M-468.1M1.311.57N/AN/A1,485,9621,945,1685,364,5358,747,143
2023-03-16$306.82$296.0024.4%6.9%23.5%16.4%25.8%6.7%-0.4%1.93B-36.90B-456.9M1.321.11N/AN/A1,767,6652,334,6585,496,3238,907,406
2023-03-17$305.21$299.0026.6%7.6%23.0%28.0%28.6%7.6%-0.4%-208.9M-26.96B-473.7M1.291.19N/AN/A1,493,4931,929,1235,562,4789,217,589
2023-03-20$305.56$300.0025.5%7.3%22.6%22.0%26.9%7.2%0.1%37.2M-10.06B-468.1M1.391.72N/AN/A948,4521,317,2914,199,3587,500,552
2023-03-21$310.67$300.0023.6%6.8%21.8%11.9%25.5%5.9%0.2%1.32B-26.51B-457.9M1.200.99N/AN/A1,192,0171,431,3314,317,2447,565,563
2023-03-22$309.24$300.0023.8%6.8%21.8%12.8%25.1%5.6%0.3%684.6M-21.41B-467.1M1.291.35N/AN/A1,282,0101,659,6394,495,7907,783,098
2023-03-23$309.82$300.0024.8%7.1%21.4%18.2%25.8%6.8%0.2%64.5M-19.67B-474.4M1.611.18N/AN/A1,445,7192,322,8894,542,3127,965,823
2023-03-24$310.57$300.0024.3%6.9%19.5%15.5%26.2%6.7%0.3%-176.7M-21.00B-476.0M1.601.06N/AN/A994,9101,595,5204,628,6598,174,678
2023-03-27$309.20$301.0023.6%6.7%19.6%11.6%25.2%6.3%0.8%-55.6M-16.00B-465.9M1.141.20N/AN/A1,161,8331,320,8334,468,7868,040,349
2023-03-28$306.26$301.0023.6%6.7%20.0%12.1%24.6%5.8%0.8%-913.6M-7.72B-467.2M1.161.23N/AN/A1,200,1651,391,6674,566,0318,155,311
2023-03-29$313.05$301.0022.4%6.2%20.7%5.3%23.4%5.5%0.9%1.58B-29.99B-458.0M1.631.44N/AN/A1,034,7271,689,8774,587,5258,283,054
2023-03-30$315.50$301.0022.3%6.1%20.7%4.6%22.5%5.3%0.9%2.15B-35.80B-459.5M1.461.31N/AN/A1,281,0341,876,1354,672,1918,482,028
2023-03-31$320.00$303.0021.8%5.9%20.3%2.1%22.5%4.8%1.1%4.13B-48.27B-459.9M1.501.41N/AN/A1,353,8392,033,7834,800,9368,818,202