QQQ Options History — January 2024

In January 2024, QQQ traded between $396.38 and $427.55. ATM implied volatility averaged 16.0%, placing in the 15.0% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 1.9% (HV 20d: 14.2%). Max pain ranged from $384.78 to $412.78. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 1.15.

Notable Days

  • 2024-01-19: Highest Volume — 4,501,615 contracts
  • 2024-01-16: Largest IV spike — 8.1% change
  • 2024-01-17: Highest IV Rank — 22.1%
  • 2024-01-30: Largest Expected Move — 5.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$412.86$396.38$427.55$401.00$417.50
Max Pain$404.04$384.78$412.78$384.78$412.78
ATM IV16.0%15.1%17.0%16.4%16.9%
Expected Move4.6%4.3%5.0%4.4%5.0%
HV 20d14.2%12.8%15.7%13.1%14.9%
HV 60d15.2%13.5%16.5%16.2%13.9%
IV Rank15.0%8.8%22.1%16.6%21.3%
IV Percentile13.3%7.1%22.2%13.1%22.2%
Term Structure0.1%-0.2%0.3%0.2%0.1%
VWIV16.7%15.3%18.1%15.3%17.8%
Skew 25d2.8%2.0%3.8%3.2%2.8%
Skew 10d6.1%4.3%8.5%5.9%5.5%
Call IV 25d14.8%13.9%15.7%15.0%15.7%
Put IV 25d17.6%16.7%19.1%18.1%18.5%
Bid-Ask Spread %1.090.921.281.201.20
Gamma HHI0.030.020.050.030.02
Net GEX888.8M-3.11B4.84B-2.76B-3.11B
Net DEX-50.45B-100.18B-18.68B-23.99B-18.93B
Net VEX-373.4M-398.4M-346.3M-382.5M-397.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.150.941.351.061.19
Total Volume3,426,517.0482,608,0794,501,6153,512,9903,854,145
Total OI10,464,887.9528,976,78811,780,71910,072,08010,056,839

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$401.00$384.7816.4%4.4%13.1%16.6%15.3%3.2%0.2%-2.76B-23.99B-382.5M1.061.20N/AN/A1,703,7821,809,2083,510,4346,561,646
2024-01-03$398.52$384.7816.7%4.4%12.8%18.5%15.6%3.3%0.1%-2.86B-18.68B-395.2M0.941.18N/AN/A1,715,0661,612,8833,746,1686,717,767
2024-01-04$397.28$399.7816.6%4.9%12.9%17.9%17.4%3.1%0.1%-2.40B-19.27B-397.0M1.001.07N/AN/A1,493,1571,493,7903,849,1656,733,375
2024-01-05$396.38$399.7816.2%4.7%12.9%15.5%17.0%2.8%0.2%-1.99B-19.11B-398.4M1.131.28N/AN/A1,512,6741,702,1193,890,6586,808,696
2024-01-08$404.56$399.7815.8%4.6%14.0%13.0%16.7%2.9%0.3%2.69B-51.80B-380.0M1.350.98N/AN/A1,504,8972,033,0193,815,5346,749,900
2024-01-09$405.14$399.7815.6%4.5%13.9%12.0%16.2%2.9%0.2%1.26B-51.59B-384.1M1.041.05N/AN/A1,506,2991,560,4763,911,5697,012,130
2024-01-10$408.07$400.0015.4%4.5%13.9%11.2%16.2%2.8%0.2%3.26B-62.26B-376.4M0.991.11N/AN/A1,667,3701,657,1223,956,1477,057,739
2024-01-11$408.82$404.7815.2%4.4%13.7%9.6%16.0%2.7%0.2%2.25B-63.36B-384.6M1.211.02N/AN/A1,787,4772,166,8744,138,8357,349,355
2024-01-12$409.47$404.7815.1%4.3%13.1%8.8%16.0%2.8%0.1%3.40B-64.21B-380.6M1.281.00N/AN/A1,381,4111,772,1944,124,2397,429,218
2024-01-16$408.88$404.7816.3%4.7%13.2%17.4%16.9%3.4%-0.1%1.18B-58.45B-372.7M1.311.01N/AN/A1,546,8012,023,4393,991,6767,280,547
2024-01-17$406.63$405.0017.0%4.9%13.2%22.1%18.1%3.8%-0.2%-1.04B-47.60B-386.5M1.180.99N/AN/A1,637,2541,935,3484,061,1197,396,309
2024-01-18$413.08$405.0016.5%4.7%14.2%18.5%16.9%3.3%-0.2%4.13B-76.28B-370.2M1.191.02N/AN/A1,794,7152,131,9994,127,4917,465,238
2024-01-19$421.08$405.7815.9%4.6%15.7%14.6%17.1%2.6%-0.1%4.84B-100.18B-350.4M1.171.16N/AN/A2,073,9862,427,6294,171,8327,608,887
2024-01-22$421.96$409.7815.8%4.6%15.0%13.9%16.7%2.5%0.1%2.05B-54.86B-352.4M1.010.92N/AN/A1,596,3501,610,0813,041,0535,935,735
2024-01-23$423.03$410.0015.3%4.4%14.8%9.9%15.9%2.4%0.1%2.41B-56.09B-346.3M1.161.05N/AN/A1,206,6251,401,4543,138,2186,048,235
2024-01-24$426.60$410.0015.5%4.5%15.0%11.2%16.5%2.2%0.1%3.11B-63.10B-351.0M1.081.08N/AN/A1,925,2102,087,0573,216,7216,174,586
2024-01-25$425.56$410.0015.8%4.6%15.0%13.9%16.6%2.2%0.1%647.5M-56.30B-352.3M1.171.06N/AN/A1,551,9241,819,6043,281,0596,354,939
2024-01-26$423.50$410.7815.8%4.6%15.1%13.4%16.6%2.0%0.1%-811.4M-47.99B-371.3M1.271.04N/AN/A1,504,8561,906,4623,377,9416,485,720
2024-01-29$427.55$411.0016.0%4.7%15.4%15.3%17.0%2.2%0.2%2.05B-56.17B-357.0M1.351.25N/AN/A1,286,9651,736,5393,215,3396,277,599
2024-01-30$425.38$411.7816.6%5.0%15.4%19.4%18.1%2.2%-0.0%349.0M-49.13B-356.4M1.071.24N/AN/A1,362,9581,455,6393,277,1896,415,800
2024-01-31$417.50$412.7816.9%5.0%14.9%21.3%17.8%2.8%0.1%-3.11B-18.93B-397.2M1.191.20N/AN/A1,763,2772,090,8683,373,7296,683,110