QQQ Options History — February 2024

In February 2024, QQQ traded between $422.00 and $438.89. ATM implied volatility averaged 16.4%, placing in the 17.9% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded below realized volatility by 0.6% (HV 20d: 17.0%). Max pain ranged from $396.78 to $411.78. Net GEX was positive for 15 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 1.19.

Notable Days

  • 2024-02-13: Highest Volume — 4,470,123 contracts
  • 2024-02-22: Largest IV drop — 8.6% change
  • 2024-02-21: Highest IV Rank — 32.5%
  • 2024-02-21: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$432.23$422.00$438.89$422.00$438.89
Max Pain$405.34$396.78$411.78$396.78$411.78
ATM IV16.4%15.4%18.4%16.3%15.9%
Expected Move4.7%4.5%5.4%4.7%4.5%
HV 20d17.0%14.6%20.1%14.9%18.5%
HV 60d14.3%13.0%15.4%13.8%15.4%
IV Rank17.9%10.9%32.5%16.8%14.3%
IV Percentile22.3%9.9%53.2%17.9%17.1%
Term Structure0.1%-0.3%0.3%0.1%-0.1%
VWIV17.4%16.1%19.5%17.0%16.2%
Skew 25d2.5%1.9%3.6%2.7%2.3%
Skew 10d6.0%3.7%8.4%6.6%5.8%
Call IV 25d15.4%14.6%16.9%15.0%15.1%
Put IV 25d17.9%16.5%20.5%17.8%17.5%
Bid-Ask Spread %1.261.051.421.321.05
Gamma HHI0.030.020.050.020.03
Net GEX1.01B-3.10B4.54B46.5M2.37B
Net DEX-56.77B-84.64B-19.84B-39.72B-62.70B
Net VEX-377.3M-408.9M-341.4M-387.2M-383.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.191.031.471.061.47
Total Volume3,436,875.752,752,1244,470,1233,049,1423,888,319
Total OI10,725,743.110,017,20911,501,21510,219,00711,021,951

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$422.00$396.7816.3%4.7%14.9%16.8%17.0%2.7%0.1%46.5M-39.72B-387.2M1.061.32N/AN/A1,478,9751,570,1673,479,9586,739,049
2024-02-02$429.64$399.7815.7%4.6%15.6%13.2%17.5%2.3%0.2%3.59B-65.58B-373.6M1.231.31N/AN/A1,820,3732,240,2183,597,2056,848,328
2024-02-05$428.56$399.7815.9%4.7%15.6%14.4%17.4%2.6%0.3%1.58B-57.75B-361.9M1.171.29N/AN/A1,452,8741,705,2353,501,2476,647,687
2024-02-06$426.38$400.0015.9%4.6%14.6%14.5%16.9%2.5%0.2%21.2M-50.49B-364.6M1.041.39N/AN/A1,578,0891,634,8103,565,3296,794,371
2024-02-07$432.20$400.0015.5%4.5%15.1%11.5%16.5%2.0%0.2%3.97B-70.86B-354.2M1.161.42N/AN/A1,558,9711,816,0203,589,0216,935,892
2024-02-08$432.63$400.0015.5%4.5%15.1%11.4%16.4%2.1%0.3%2.69B-70.20B-363.0M1.221.40N/AN/A1,242,2731,509,8513,699,4177,034,804
2024-02-09$437.06$401.7815.4%4.5%15.3%10.9%16.1%1.9%0.2%4.54B-84.64B-341.4M1.211.40N/AN/A1,442,4201,747,5173,708,8877,191,513
2024-02-12$435.58$404.7816.3%4.7%15.5%16.8%17.1%2.2%0.2%1.52B-69.23B-375.0M1.171.40N/AN/A1,503,9361,763,0353,705,6777,105,551
2024-02-13$427.38$405.0017.5%5.0%17.3%25.7%18.6%3.6%0.1%-2.50B-36.00B-408.9M1.401.35N/AN/A1,862,3042,607,8193,786,6657,295,832
2024-02-14$433.00$405.0016.5%4.7%17.5%18.4%17.9%3.2%0.1%2.38B-63.92B-386.0M1.141.42N/AN/A1,624,3881,852,3893,908,6817,427,484
2024-02-15$434.02$405.0016.5%4.7%16.8%18.3%17.4%2.7%0.1%2.60B-66.55B-383.3M1.041.31N/AN/A1,463,0201,516,9083,900,7377,503,936
2024-02-16$430.89$406.0017.0%4.9%15.9%21.9%17.9%2.9%-0.0%-1.60B-52.65B-395.7M1.261.35N/AN/A1,626,0312,049,2933,921,7697,579,446
2024-02-20$426.64$409.7818.3%5.3%16.4%31.3%19.0%3.6%-0.2%-3.10B-23.21B-402.1M1.031.10N/AN/A2,034,0612,092,4883,333,0526,684,157
2024-02-21$424.38$409.7818.4%5.4%16.5%32.5%19.5%3.6%-0.3%-2.76B-19.84B-401.7M1.201.15N/AN/A1,535,4891,844,2203,436,1486,840,695
2024-02-22$438.58$410.0016.9%4.8%20.0%21.2%17.9%2.1%-0.1%3.31B-73.14B-361.9M1.251.18N/AN/A1,862,2032,331,9503,643,6457,038,860
2024-02-23$437.06$410.7816.3%4.5%20.1%16.9%17.4%1.9%-0.1%925.6M-62.71B-375.9M1.121.12N/AN/A1,682,4721,883,3483,696,5607,278,018
2024-02-26$437.23$410.0016.2%4.6%19.9%16.4%16.9%2.0%-0.1%1.31B-58.47B-369.9M1.211.13N/AN/A1,310,9841,590,3693,571,8486,979,743
2024-02-27$437.56$410.0016.0%4.5%19.7%15.0%16.3%2.0%-0.0%776.1M-60.07B-362.5M1.311.07N/AN/A1,282,2131,680,8883,625,5267,080,147
2024-02-28$434.94$410.7816.2%4.6%19.8%16.3%17.1%2.5%-0.1%-1.46B-47.64B-394.1M1.181.06N/AN/A1,397,1141,654,4813,679,9217,136,105
2024-02-29$438.89$411.7815.9%4.5%18.5%14.3%16.2%2.3%-0.1%2.37B-62.70B-383.9M1.471.05N/AN/A1,577,1222,311,1973,738,0307,283,921