QQQ Options History — November 2023

In November 2023, QQQ traded between $357.25 and $390.99. ATM implied volatility averaged 16.3%, placing in the 5.6% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded below realized volatility by 3.1% (HV 20d: 19.4%). Max pain ranged from $355.00 to $365.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 1.28.

Notable Days

  • 2023-11-10: Highest Volume — 4,289,446 contracts
  • 2023-11-02: Largest IV drop — 6.9% change
  • 2023-11-01: Highest IV Rank — 24.2%
  • 2023-11-01: Largest Expected Move — 5.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$380.37$357.25$390.99$357.25$387.44
Max Pain$360.29$355.00$365.00$360.00$365.00
ATM IV16.3%14.7%19.5%19.5%15.1%
Expected Move4.8%4.2%5.7%5.7%4.6%
HV 20d19.4%14.9%22.3%20.0%14.9%
HV 60d18.3%17.5%19.1%18.1%17.5%
IV Rank5.6%0.0%24.2%24.2%3.2%
IV Percentile4.3%0.0%33.3%33.3%2.0%
Term Structure0.2%-0.1%0.5%0.2%0.2%
VWIV17.4%15.4%20.6%20.6%16.6%
Skew 25d3.0%2.3%4.4%4.4%2.7%
Skew 10d6.4%4.8%8.7%8.7%5.3%
Call IV 25d15.0%13.6%17.2%17.2%14.2%
Put IV 25d18.0%16.3%21.6%21.6%16.9%
Bid-Ask Spread %1.301.031.461.331.20
Gamma HHI0.040.030.100.040.04
Net GEX1.57B-1.39B4.44B-333.1M-1.35B
Net DEX-57.72B-88.82B-1.08B-1.08B-51.54B
Net VEX-405.0M-457.7M-365.9M-457.7M-403.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.281.021.431.261.09
Total Volume3,211,127.4291,183,4164,289,4463,640,8793,516,432
Total OI12,845,484.90511,920,68814,030,29312,640,77112,502,439

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$357.25$360.0019.5%5.7%20.0%24.2%20.6%4.4%0.2%-333.1M-1.08B-457.7M1.261.33N/AN/A1,612,9972,027,8824,657,6547,983,117
2023-11-02$363.31$355.0018.2%5.4%20.9%15.5%20.3%3.8%0.3%791.1M-23.56B-448.4M1.421.03N/AN/A1,497,0912,122,3614,706,6418,052,617
2023-11-03$367.97$355.0017.3%5.2%20.5%9.8%19.3%3.6%0.5%1.78B-39.72B-441.3M1.431.24N/AN/A1,480,7862,111,8594,768,5738,209,443
2023-11-06$368.43$355.0017.4%5.2%20.5%10.8%19.4%3.9%0.5%779.4M-32.74B-438.7M1.161.22N/AN/A1,392,3201,621,4844,643,1888,029,880
2023-11-07$373.43$355.0017.0%5.0%20.8%8.2%18.1%3.5%0.5%2.25B-50.02B-426.6M1.401.20N/AN/A1,551,6072,165,8814,675,1908,141,592
2023-11-08$373.12$355.0016.7%4.9%20.8%6.1%18.1%3.3%0.5%690.6M-47.06B-424.1M1.381.21N/AN/A1,298,1951,796,3794,755,3718,328,396
2023-11-09$369.80$355.0017.7%5.2%21.0%12.4%18.7%3.8%0.4%-1.39B-28.14B-438.7M1.341.24N/AN/A1,719,9962,312,9814,850,7018,413,823
2023-11-10$378.32$358.0016.6%4.9%21.8%5.6%17.9%2.9%0.5%3.36B-68.11B-415.4M1.381.38N/AN/A1,803,9862,485,4604,888,7918,532,747
2023-11-13$377.78$360.0017.2%5.0%21.3%10.7%18.1%3.1%0.1%2.11B-60.08B-406.7M1.271.38N/AN/A1,321,1771,682,7774,814,1508,336,219
2023-11-14$385.89$360.0016.3%4.7%22.3%3.8%17.3%2.3%0.1%4.13B-88.82B-382.0M1.171.36N/AN/A1,728,2572,013,4114,862,2348,452,987
2023-11-15$385.77$360.0016.0%4.6%21.5%2.1%16.5%2.5%0.1%3.00B-84.17B-388.0M1.281.46N/AN/A1,533,6981,960,4905,038,1028,609,492
2023-11-16$385.98$360.0015.9%4.6%21.1%1.2%17.0%2.6%0.2%2.26B-80.90B-406.4M1.381.43N/AN/A1,212,8681,678,5535,095,4698,816,660
2023-11-17$385.63$360.0015.8%4.5%20.3%0.3%16.2%2.4%0.2%1.65B-81.09B-396.8M1.371.37N/AN/A1,104,9171,512,7325,107,1578,923,136
2023-11-20$390.99$363.0015.7%4.5%20.6%0.0%16.2%2.7%0.0%3.17B-80.26B-365.9M1.191.29N/AN/A1,331,4071,590,7754,364,4647,758,165
2023-11-21$388.13$365.0016.0%4.6%20.9%1.8%16.9%2.7%-0.1%958.9M-63.73B-391.3M1.291.38N/AN/A1,150,4691,487,1664,408,0687,848,573
2023-11-22$390.18$365.0015.1%4.3%17.7%0.0%15.4%3.0%0.0%4.44B-73.53B-375.1M1.071.42N/AN/A1,563,6091,665,4894,483,3187,955,612
2023-11-24$389.14$365.0014.8%4.2%15.4%0.0%15.5%2.7%-0.1%825.8M-65.79B-380.7M1.021.37N/AN/A585,634597,7824,412,4967,965,333
2023-11-27$389.80$365.0014.9%4.3%15.4%0.7%15.9%2.8%0.1%1.79B-64.44B-366.2M1.171.33N/AN/A1,247,3241,454,0354,223,6777,697,011
2023-11-28$389.63$365.0014.7%4.2%15.2%0.0%15.4%2.6%0.1%965.5M-63.99B-370.0M1.411.17N/AN/A1,264,6271,777,6234,296,1477,860,724
2023-11-29$389.69$365.0015.0%4.4%15.3%2.0%16.1%2.6%0.1%1.18B-63.44B-382.3M1.311.23N/AN/A1,497,0181,954,1414,361,5437,924,283
2023-11-30$387.44$365.0015.1%4.6%14.9%3.2%16.6%2.7%0.2%-1.35B-51.54B-403.4M1.091.20N/AN/A1,679,3031,837,1294,432,1058,070,334