QQQ Options History — December 2023

In December 2023, QQQ traded between $385.44 and $411.75. ATM implied volatility averaged 14.9%, placing in the 4.6% IV rank vs the trailing year. The 30-day expected move averaged 4.2%. IV traded above realized volatility by 3.3% (HV 20d: 11.6%). Max pain ranged from $365.00 to $384.78. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 1.32.

Notable Days

  • 2023-12-14: Highest Volume — 3,923,878 contracts
  • 2023-12-08: Largest IV drop — 6.6% change
  • 2023-12-26: Highest IV Rank — 9.7%
  • 2023-12-04: Largest Expected Move — 4.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$400.76$385.44$411.75$389.70$409.57
Max Pain$374.08$365.00$384.78$365.00$384.78
ATM IV14.9%13.9%15.9%15.0%14.7%
Expected Move4.2%3.9%4.6%4.5%3.9%
HV 20d11.6%9.6%14.5%14.1%10.1%
HV 60d16.7%15.6%17.6%17.5%15.6%
IV Rank4.6%0.0%9.7%2.4%5.4%
IV Percentile2.7%0.0%7.1%1.6%2.8%
Term Structure0.4%-0.1%0.8%0.2%0.8%
VWIV15.6%14.5%17.6%16.3%14.5%
Skew 25d2.3%1.8%2.7%2.2%2.4%
Skew 10d5.2%4.4%6.1%5.1%5.7%
Call IV 25d14.0%13.1%14.9%14.2%13.4%
Put IV 25d16.2%15.2%17.4%16.4%15.8%
Bid-Ask Spread %1.170.861.431.241.15
Gamma HHI0.040.020.100.040.02
Net GEX2.30B-1.23B5.39B1.91B2.68B
Net DEX-68.46B-107.64B0-62.55B-107.64B
Net VEX-367.4M-623.1M0-400.8M-623.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.321.041.831.301.31
Total Volume3,126,473.552,051,1423,923,8782,970,3042,758,983
Total OI11,624,118.45017,639,64412,718,13417,639,644

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$389.70$365.0015.0%4.5%14.1%2.4%16.3%2.2%0.2%1.91B-62.55B-400.8M1.301.24N/AN/A1,290,7041,679,6004,480,1588,237,976
2023-12-04$385.90$370.0015.7%4.6%14.4%7.3%17.6%2.6%0.5%-1.23B-43.91B-408.7M1.130.90N/AN/A1,740,0671,973,5714,364,8428,017,965
2023-12-05$386.65$370.0015.7%4.6%14.4%7.1%16.7%2.5%0.4%698.5M-49.01B-413.2M1.100.86N/AN/A1,504,0421,652,3794,492,8528,231,329
2023-12-06$385.44$370.0015.8%4.6%13.9%7.6%16.5%2.2%0.4%-676.1M-44.74B-410.3M1.140.96N/AN/A1,560,5461,771,8024,534,7318,286,019
2023-12-07$390.52$370.0015.9%4.6%14.5%8.2%16.9%2.3%0.4%2.98B-64.66B-402.8M1.510.92N/AN/A1,274,8261,929,9934,567,9118,359,518
2023-12-08$392.33$370.0014.8%4.4%13.9%1.1%15.8%2.0%0.5%2.82B-70.81B-390.7M1.371.00N/AN/A1,356,1251,860,7744,590,4228,474,099
2023-12-11$395.44$370.0015.1%4.3%11.9%2.9%15.9%2.2%-0.0%3.72B-81.38B-370.9M1.531.03N/AN/A1,299,8171,986,3114,537,8858,299,750
2023-12-12$398.38$370.0014.1%4.1%12.0%0.0%14.8%2.1%0.1%4.53B-90.14B-354.6M1.321.22N/AN/A1,298,7851,716,9914,596,7298,511,457
2023-12-13$403.10$370.0014.2%4.0%10.4%0.1%14.8%1.9%-0.0%5.39B-103.02B-352.7M1.041.43N/AN/A1,801,7231,864,9724,665,5158,593,293
2023-12-14$403.02$372.0013.9%4.0%10.4%0.0%15.2%1.8%-0.1%4.23B-101.07B-359.5M1.071.22N/AN/A1,899,3672,024,5114,757,2198,782,450
2023-12-15$405.19$375.0013.9%4.0%10.4%0.0%14.7%2.1%0.1%4.23B-106.81B-360.0M1.241.21N/AN/A1,489,1321,841,5124,813,3198,966,749
2023-12-18$407.48$375.0014.1%4.0%10.4%1.5%15.3%2.1%0.7%2.90B-61.96B-351.4M1.401.26N/AN/A1,247,2491,746,0733,324,3446,406,526
2023-12-19$408.56$376.0014.1%4.0%9.6%1.4%15.4%1.8%0.8%2.85B-66.86B-343.2M1.311.29N/AN/A1,306,3571,708,0933,400,5216,496,055
2023-12-20$404.28$380.0014.7%4.2%10.0%5.7%15.3%2.5%0.8%-887.9M-47.80B-377.8M1.401.38N/AN/A1,633,5752,285,2393,580,3446,673,010
2023-12-21$407.75$380.0015.3%4.3%10.2%9.3%15.5%2.5%0.6%2.16B-62.54B-365.2M1.421.25N/AN/A1,460,7272,067,8793,702,2866,759,337
2023-12-22$408.30$380.0015.2%4.3%10.1%8.8%15.7%2.3%0.6%1.89B-62.64B-371.2M1.401.38N/AN/A1,160,2741,619,7693,693,1276,879,335
2023-12-26$411.15$380.0015.3%4.2%10.2%9.7%15.7%2.7%0.6%3.68B-70.88B-345.9M1.311.36N/AN/A888,7621,162,3803,602,6116,679,954
2023-12-27$410.69$0.0014.8%4.1%10.2%6.4%14.9%2.6%0.7%0001.271.14N/AN/A912,2371,160,97400
2023-12-28$411.75$379.7814.8%4.0%10.2%6.2%14.9%2.4%0.8%2.14B-70.82B-345.6M1.831.19N/AN/A915,0161,678,3343,670,7616,812,326
2023-12-29$409.57$384.7814.7%3.9%10.1%5.4%14.5%2.4%0.8%2.68B-107.64B-623.1M1.311.15N/AN/A1,196,1301,562,8536,419,55311,220,091