QQQ Options History — July 2023

In July 2023, QQQ traded between $365.74 and $386.38. ATM implied volatility averaged 18.2%, placing in the 6.1% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 2.0% (HV 20d: 16.2%). Max pain ranged from $355.00 to $374.00. Net GEX was positive for 12 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 1.24.

Notable Days

  • 2023-07-20: Highest Volume — 4,350,116 contracts
  • 2023-07-12: Largest IV drop — 7.3% change
  • 2023-07-10: Highest IV Rank — 11.8%
  • 2023-07-10: Largest Expected Move — 5.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$376.09$365.74$386.38$369.95$382.69
Max Pain$365.65$355.00$374.00$355.00$374.00
ATM IV18.2%17.2%19.4%18.1%17.7%
Expected Move5.1%4.7%5.5%4.7%4.9%
HV 20d16.2%15.3%17.3%16.8%16.0%
HV 60d16.6%16.2%17.5%16.6%16.6%
IV Rank6.1%1.3%11.8%5.6%4.0%
IV Percentile9.6%0.8%16.3%7.9%5.2%
Term Structure-0.0%-0.3%0.3%0.0%-0.2%
VWIV18.5%17.3%20.4%17.6%18.0%
Skew 25d2.8%2.1%3.7%2.6%2.9%
Skew 10d6.3%5.1%7.5%6.0%5.7%
Call IV 25d17.0%16.1%17.7%17.0%16.5%
Put IV 25d19.8%18.6%21.3%19.6%19.3%
Bid-Ask Spread %1.431.151.831.361.60
Gamma HHI0.040.020.050.040.02
Net GEX567.9M-1.67B2.82B1.29B323.2M
Net DEX-63.24B-102.11B-40.44B-59.46B-61.12B
Net VEX-427.0M-467.8M-382.4M-414.6M-457.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.241.011.571.141.53
Total Volume2,951,459.951,176,5114,350,1161,176,5112,707,436
Total OI13,327,898.412,554,06714,870,23312,554,06713,320,652

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$369.95$355.0018.1%4.7%16.8%5.6%17.6%2.6%0.0%1.29B-59.46B-414.6M1.141.36N/AN/A551,064625,4473,980,0288,574,039
2023-07-05$370.74$355.0018.2%4.8%16.8%6.5%17.8%2.9%-0.0%1.60B-61.97B-402.8M1.541.35N/AN/A867,5481,331,9543,997,0318,622,647
2023-07-06$367.34$357.0019.1%5.5%17.3%10.9%19.5%3.7%-0.1%-1.00B-46.64B-431.5M1.571.15N/AN/A1,157,1751,820,0034,043,9918,733,347
2023-07-07$367.17$360.0018.6%5.3%15.7%8.5%18.8%3.2%0.0%-486.7M-49.29B-425.6M1.311.20N/AN/A1,023,4051,338,9774,121,8898,942,031
2023-07-10$365.74$360.0019.4%5.5%15.3%11.8%19.5%3.6%-0.1%-1.29B-40.44B-435.9M1.121.18N/AN/A1,196,7441,345,8604,000,6848,609,552
2023-07-11$367.69$360.0019.2%5.4%15.3%11.3%20.4%3.5%-0.3%578.5M-48.13B-430.8M1.011.23N/AN/A1,200,8711,210,0074,067,0478,696,921
2023-07-12$372.97$360.0017.8%5.1%15.3%4.6%18.4%3.1%-0.2%2.32B-69.41B-404.0M1.171.29N/AN/A1,549,8711,806,8204,172,0828,864,286
2023-07-13$379.94$364.0018.2%5.1%16.3%6.4%18.8%2.8%-0.3%2.82B-84.88B-394.4M1.211.39N/AN/A1,408,1291,701,0144,160,0268,992,155
2023-07-14$378.70$365.0017.9%5.1%16.4%4.7%18.1%2.5%-0.3%1.87B-80.87B-415.9M1.271.34N/AN/A1,493,2311,892,2394,366,1729,203,294
2023-07-17$382.78$366.0017.9%5.1%15.7%4.7%18.8%2.4%0.2%2.47B-90.77B-392.7M1.141.39N/AN/A1,221,1931,387,5294,375,8189,184,857
2023-07-18$386.38$370.0017.8%5.1%15.7%4.4%18.6%2.2%0.2%2.82B-102.11B-382.4M1.111.53N/AN/A1,644,3831,830,9004,493,3169,338,472
2023-07-19$385.63$370.0017.9%5.1%15.6%5.1%18.6%2.1%0.2%1.80B-93.99B-422.2M1.111.50N/AN/A1,605,4611,786,1164,631,8019,586,449
2023-07-20$376.76$370.0018.3%5.2%17.3%6.9%18.7%2.7%0.2%-901.9M-59.94B-436.8M1.101.62N/AN/A2,069,8152,280,3014,748,3089,822,937
2023-07-21$375.73$370.0017.7%5.1%17.1%4.0%17.9%2.1%0.3%-800.3M-58.11B-449.7M1.171.65N/AN/A1,550,2201,809,7194,848,79610,021,437
2023-07-24$375.88$370.0018.1%5.2%16.9%5.8%18.4%2.5%-0.0%-1.67B-43.70B-437.2M1.351.46N/AN/A1,206,0631,622,5434,152,1608,508,459
2023-07-25$379.31$370.0018.1%5.2%16.2%6.0%18.3%2.7%-0.0%15.6M-53.98B-449.8M1.151.49N/AN/A1,017,1391,167,2774,210,8238,883,885
2023-07-26$377.73$372.0017.4%4.9%15.6%2.5%17.4%2.7%0.1%-677.6M-48.84B-445.9M1.081.83N/AN/A1,169,5511,265,9454,311,5388,976,023
2023-07-27$375.53$372.0018.4%5.2%15.8%7.2%18.4%3.3%0.1%-1.39B-40.84B-467.8M1.201.59N/AN/A1,957,6122,345,6484,359,1828,972,829
2023-07-28$383.19$373.0017.2%4.7%17.1%1.3%17.3%2.5%0.2%1.67B-70.37B-443.2M1.571.43N/AN/A1,502,1272,361,8624,443,3969,219,608
2023-07-31$382.69$374.0017.7%4.9%16.0%4.0%18.0%2.9%-0.2%323.2M-61.12B-457.4M1.531.60N/AN/A1,072,0701,635,3664,304,3769,016,276