QQQ Options History — May 2023

In May 2023, QQQ traded between $316.22 and $350.26. ATM implied volatility averaged 18.7%, placing in the 4.4% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 2.0% (HV 20d: 16.7%). Max pain ranged from $300.00 to $316.00. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 1.35.

Notable Days

  • 2023-05-18: Highest Volume — 4,053,097 contracts
  • 2023-05-05: Largest IV drop — 13.5% change
  • 2023-05-30: Highest IV Rank — 14.7%
  • 2023-05-04: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$330.54$316.22$350.26$322.50$348.87
Max Pain$309.68$300.00$316.00$315.00$316.00
ATM IV18.7%17.3%21.5%18.6%19.7%
Expected Move5.5%5.0%6.4%5.4%5.9%
HV 20d16.7%15.4%17.9%15.4%17.3%
HV 60d18.1%16.9%19.0%19.0%17.9%
IV Rank4.4%0.0%14.7%0.0%11.4%
IV Percentile2.5%0.0%9.9%0.0%6.7%
Term Structure0.2%-0.3%1.1%0.2%-0.2%
VWIV20.9%18.6%24.7%19.8%21.8%
Skew 25d5.6%4.1%6.8%5.0%4.1%
Skew 10d10.9%7.6%12.9%9.9%7.6%
Call IV 25d16.1%14.7%18.6%16.3%18.0%
Put IV 25d21.8%20.0%24.8%21.3%22.1%
Bid-Ask Spread %1.220.931.861.371.43
Gamma HHI0.040.030.060.030.03
Net GEX678.4M-2.21B2.76B467.5M92.5M
Net DEX-42.63B-79.98B-3.79B-29.63B-68.13B
Net VEX-427.1M-465.0M-399.1M-438.4M-422.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.351.011.631.391.44
Total Volume2,595,870.2731,384,8584,053,0972,247,9462,757,534
Total OI13,246,836.95512,540,52314,528,17112,540,52314,142,208

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$322.50$315.0018.6%5.4%15.4%0.0%19.8%5.0%0.2%467.5M-29.63B-438.4M1.391.37N/AN/A940,3681,307,5784,393,1228,147,401
2023-05-02$319.15$315.0020.0%5.8%15.9%6.5%21.0%6.0%0.2%-1.41B-14.34B-458.4M1.241.47N/AN/A1,102,1701,369,1854,449,2088,252,602
2023-05-03$317.76$315.0020.3%5.9%15.8%8.1%21.3%6.3%0.1%-1.42B-10.28B-457.9M1.341.86N/AN/A880,1061,177,4514,500,1048,303,639
2023-05-04$316.22$300.0021.5%6.4%15.7%13.6%24.7%6.8%0.2%-2.21B-3.79B-465.0M1.481.13N/AN/A857,1261,266,7014,520,2618,360,601
2023-05-05$323.19$300.0018.6%5.7%17.3%0.1%21.9%5.8%0.5%1.87B-32.61B-443.0M1.401.09N/AN/A1,113,3881,559,8874,538,0708,417,124
2023-05-08$323.80$302.0018.3%5.6%17.3%0.0%21.3%6.0%1.0%486.8M-30.59B-435.7M1.461.06N/AN/A843,5601,233,2624,439,2738,217,557
2023-05-09$321.57$303.0018.9%5.7%17.4%2.6%21.7%6.2%1.0%-1.16B-21.63B-442.9M1.211.09N/AN/A797,873964,8574,494,6028,374,523
2023-05-10$325.69$304.0017.8%5.4%17.6%0.0%20.3%5.7%1.1%2.03B-38.73B-426.8M1.011.15N/AN/A1,534,4681,556,5054,521,2428,451,688
2023-05-11$326.18$305.0017.7%5.3%16.4%0.0%20.4%5.5%1.0%1.64B-39.24B-424.4M1.251.20N/AN/A1,200,9621,497,7544,580,5638,528,278
2023-05-12$324.74$305.0017.8%5.3%16.4%0.4%19.2%5.5%1.1%292.1M-33.75B-429.6M1.110.93N/AN/A1,231,1281,361,5384,665,7058,661,892
2023-05-15$326.50$305.0017.8%5.2%16.5%0.8%19.6%6.0%-0.1%1.76B-40.70B-415.3M1.311.07N/AN/A905,3261,188,8374,576,4608,620,498
2023-05-16$327.94$306.0017.9%5.2%16.5%1.2%19.9%6.1%-0.2%1.86B-43.48B-418.3M1.471.05N/AN/A1,042,2241,530,5224,618,8298,773,727
2023-05-17$331.32$310.0017.3%5.0%16.8%0.0%18.6%5.3%-0.2%2.76B-55.65B-409.7M1.431.11N/AN/A1,281,2571,834,6584,681,9818,978,239
2023-05-18$337.04$310.0017.3%5.0%17.0%0.2%19.1%4.9%-0.3%2.58B-71.43B-399.9M1.461.14N/AN/A1,649,7502,403,3474,723,3409,252,177
2023-05-19$336.44$312.0017.5%5.1%17.1%1.2%19.6%5.3%-0.3%897.0M-65.16B-416.8M1.631.07N/AN/A1,246,9082,036,0334,846,0239,682,148
2023-05-22$337.65$315.0017.4%5.1%17.0%0.7%20.2%5.4%0.1%1.49B-52.76B-409.4M1.491.42N/AN/A806,5081,203,4694,309,1658,700,311
2023-05-23$334.06$315.0018.3%5.4%16.1%4.8%20.3%5.9%0.1%-972.8M-38.52B-421.3M1.281.28N/AN/A696,741888,9684,375,8598,744,260
2023-05-24$331.76$315.0019.5%5.8%16.6%10.5%22.8%6.4%0.0%-1.54B-28.93B-434.2M1.171.22N/AN/A639,647745,2114,406,0178,670,423
2023-05-25$340.51$315.0019.1%5.7%16.3%8.8%21.8%5.9%-0.0%1.99B-61.01B-424.0M1.351.20N/AN/A1,318,0901,779,7304,488,9728,845,917
2023-05-26$348.75$315.0019.9%5.9%17.9%12.3%22.8%4.9%-0.2%1.77B-79.98B-404.3M1.471.16N/AN/A1,621,1772,375,9394,520,1208,961,440
2023-05-30$350.26$315.0020.4%6.2%17.9%14.7%22.7%4.2%-0.2%1.65B-77.63B-399.1M1.411.29N/AN/A1,396,5251,964,8784,526,1929,168,652
2023-05-31$348.87$316.0019.7%5.9%17.3%11.4%21.8%4.1%-0.2%92.5M-68.13B-422.8M1.441.43N/AN/A1,129,1571,628,3774,645,7789,496,430