QQQ Options History — September 2023

In September 2023, QQQ traded between $353.82 and $378.83. ATM implied volatility averaged 18.6%, placing in the 10.9% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 1.1% (HV 20d: 17.4%). Max pain ranged from $360.00 to $372.00. Net GEX was positive for 4 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 1.29.

Notable Days

  • 2023-09-29: Highest Volume — 4,387,873 contracts
  • 2023-09-21: Largest IV spike — 10.6% change
  • 2023-09-26: Highest IV Rank — 29.6%
  • 2023-09-26: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$367.68$353.82$378.83$377.26$358.32
Max Pain$370.35$360.00$372.00$360.00$369.00
ATM IV18.6%15.8%22.3%16.9%20.5%
Expected Move5.3%4.5%6.4%4.5%5.8%
HV 20d17.4%14.4%18.7%17.8%14.6%
HV 60d16.8%16.7%17.0%16.9%16.7%
IV Rank10.9%0.0%29.6%0.0%21.8%
IV Percentile18.7%0.0%46.0%0.0%40.9%
Term Structure0.2%0.0%0.4%0.2%0.2%
VWIV19.0%16.1%22.4%16.1%20.3%
Skew 25d4.2%3.3%5.3%3.3%4.8%
Skew 10d8.9%6.9%10.5%6.9%9.2%
Call IV 25d16.5%14.3%19.4%15.3%17.8%
Put IV 25d20.7%17.7%24.6%18.5%22.7%
Bid-Ask Spread %1.201.031.401.331.40
Gamma HHI0.040.030.150.030.04
Net GEX-2.45B-5.16B1.16B502.0M-2.68B
Net DEX-13.11B-61.36B39.11B-61.18B14.75B
Net VEX-486.7M-499.9M-465.2M-491.8M-493.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.291.011.621.381.37
Total Volume3,384,472.752,635,9144,387,8732,900,9184,387,873
Total OI13,531,375.7511,707,45715,331,97215,032,16212,722,221

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$377.26$360.0016.9%4.5%17.8%0.0%16.1%3.3%0.2%502.0M-61.18B-491.8M1.381.33N/AN/A1,220,1651,680,7535,041,1979,990,965
2023-09-05$378.83$370.0017.4%5.1%17.7%2.7%18.8%3.8%0.1%967.0M-60.22B-481.2M1.401.15N/AN/A1,099,2331,536,6814,858,7779,647,427
2023-09-06$374.42$372.0018.1%5.3%18.1%5.9%19.2%4.1%0.1%-2.22B-40.57B-494.8M1.421.10N/AN/A1,304,8881,858,9934,896,1249,740,892
2023-09-07$372.43$372.0018.0%5.2%17.9%5.6%19.3%4.1%0.1%-2.46B-30.21B-499.9M1.331.11N/AN/A1,444,0591,921,0504,907,6929,778,746
2023-09-08$372.06$370.0017.7%5.1%17.8%4.2%18.2%3.9%0.2%-1.42B-34.01B-494.9M1.211.14N/AN/A1,296,0401,563,4005,008,4579,863,198
2023-09-11$377.19$370.0017.0%4.9%18.3%0.8%17.6%3.9%0.1%1.16B-57.40B-476.0M1.311.20N/AN/A1,304,7611,706,0334,960,3279,758,411
2023-09-12$372.94$372.0017.6%5.1%18.5%3.5%18.0%3.9%0.0%-2.88B-35.89B-486.1M1.321.20N/AN/A1,359,3311,790,5914,984,7689,904,078
2023-09-13$373.94$372.0016.8%4.8%18.1%0.0%17.7%3.6%0.1%-1.04B-42.04B-474.2M1.621.30N/AN/A1,301,8322,113,7555,088,74110,070,379
2023-09-14$377.57$372.0015.8%4.5%18.0%0.0%16.3%3.4%0.0%885.8M-61.36B-465.2M1.561.38N/AN/A1,313,3902,055,2485,089,09410,105,248
2023-09-15$370.56$372.0017.0%4.9%18.7%5.7%17.6%3.8%0.1%-5.10B-21.60B-481.7M1.091.14N/AN/A2,029,2782,208,0015,094,30010,237,672
2023-09-18$370.11$372.0017.4%5.0%18.7%7.6%18.3%4.0%0.4%-2.85B-3.63B-475.0M1.301.28N/AN/A1,173,6491,520,6303,958,2977,749,160
2023-09-19$370.06$372.0017.5%5.0%18.1%7.7%18.6%3.9%0.4%-2.63B-5.47B-476.2M1.171.23N/AN/A1,523,4491,777,8433,988,6517,835,571
2023-09-20$365.37$372.0018.3%5.3%18.6%11.7%18.5%3.9%0.3%-4.30B11.39B-482.4M1.011.35N/AN/A1,366,1901,373,1544,040,8567,928,778
2023-09-21$358.87$371.0020.3%5.8%18.4%20.5%20.7%4.8%0.2%-5.16B31.78B-488.9M1.271.03N/AN/A1,759,0942,228,9074,160,7087,871,069
2023-09-22$358.85$370.0020.0%5.7%16.8%19.1%20.7%4.8%0.2%-4.21B25.11B-494.8M1.311.11N/AN/A1,606,4882,111,2654,274,9987,996,437
2023-09-25$358.75$370.0020.6%5.9%16.5%22.1%20.9%5.0%0.1%-3.87B22.15B-491.1M1.251.07N/AN/A1,407,5111,754,3164,089,9537,858,004
2023-09-26$353.82$370.0022.3%6.4%16.9%29.6%22.4%5.3%0.0%-5.07B39.11B-496.1M1.151.03N/AN/A1,757,5662,026,5534,153,0808,007,119
2023-09-27$354.24$370.0021.8%6.3%14.4%27.6%19.9%5.0%0.1%-4.42B32.61B-496.0M1.221.18N/AN/A1,886,8982,295,0904,307,1378,060,972
2023-09-28$358.01$369.0020.5%5.8%14.9%21.8%20.8%4.9%0.2%-2.31B14.53B-494.7M1.151.31N/AN/A1,690,1321,935,3654,453,8368,144,175
2023-09-29$358.32$369.0020.5%5.8%14.6%21.8%20.3%4.8%0.2%-2.68B14.75B-493.6M1.371.40N/AN/A1,855,2242,532,6494,534,2178,188,004