QQQ Options History — March 2024

In March 2024, QQQ traded between $434.11 and $446.47. ATM implied volatility averaged 16.7%, placing in the 21.7% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded below realized volatility by 2.2% (HV 20d: 18.9%). Max pain ranged from $412.00 to $436.00. Net GEX was positive for 11 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 1.24.

Notable Days

  • 2024-03-08: Highest Volume — 5,361,892 contracts
  • 2024-03-05: Largest IV spike — 7.9% change
  • 2024-03-15: Highest IV Rank — 31.1%
  • 2024-03-11: Largest Expected Move — 5.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$441.76$434.11$446.47$445.88$444.50
Max Pain$432.94$412.00$436.00$412.00$436.00
ATM IV16.7%15.4%18.1%15.8%15.5%
Expected Move4.7%4.2%5.1%4.4%4.2%
HV 20d18.9%16.1%21.2%18.9%16.1%
HV 60d16.7%15.5%17.1%15.5%16.3%
IV Rank21.7%13.9%31.1%14.0%15.4%
IV Percentile28.6%9.9%52.4%16.7%12.7%
Term Structure0.2%-0.2%0.5%-0.1%0.5%
VWIV17.2%15.3%18.5%16.3%15.8%
Skew 25d2.5%2.0%3.2%2.1%2.3%
Skew 10d5.8%4.2%7.2%5.6%5.2%
Call IV 25d15.6%14.4%17.0%15.1%14.4%
Put IV 25d18.2%16.5%19.8%17.3%16.7%
Bid-Ask Spread %1.291.061.691.351.17
Gamma HHI0.030.020.050.030.03
Net GEX226.1M-3.19B3.93B3.91B271.3M
Net DEX-47.57B-80.82B-21.94B-80.82B-37.53B
Net VEX-407.9M-428.3M-383.5M-383.5M-414.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.240.931.511.401.47
Total Volume3,443,141.252,653,7855,361,8924,054,0402,751,897
Total OI10,662,808.558,883,48612,130,39111,066,0179,929,195

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$445.88$412.0015.8%4.4%18.9%14.0%16.3%2.1%-0.1%3.91B-80.82B-383.5M1.401.35N/AN/A1,691,0292,363,0113,713,8187,352,199
2024-03-04$444.45$430.0016.3%4.7%18.1%17.1%16.9%2.1%0.1%1.54B-71.25B-383.6M1.161.28N/AN/A1,313,3311,523,9983,685,4077,201,926
2024-03-05$434.81$430.0017.6%5.0%19.9%26.2%18.3%2.9%0.0%-2.21B-36.06B-405.6M1.021.21N/AN/A2,191,6142,238,8463,787,9617,364,231
2024-03-06$438.94$430.0017.2%4.9%20.0%23.3%17.7%3.0%0.1%1.75B-54.68B-416.6M1.171.55N/AN/A1,765,7192,072,9573,966,8127,476,464
2024-03-07$446.00$432.0017.4%5.0%20.2%24.8%18.1%2.4%0.1%3.93B-80.30B-384.4M1.511.25N/AN/A1,297,5411,955,2573,948,3937,582,621
2024-03-08$439.67$432.0017.7%5.1%21.0%27.4%18.5%2.7%0.1%-2.89B-51.23B-421.6M1.161.48N/AN/A2,481,0582,880,8343,986,1907,835,624
2024-03-11$437.81$434.7818.1%5.1%20.8%30.2%18.4%2.8%-0.2%-1.97B-44.89B-415.1M1.261.36N/AN/A1,402,6591,764,2703,969,0947,725,746
2024-03-12$443.63$435.0016.9%4.8%21.2%21.1%18.0%2.5%-0.1%3.45B-69.89B-389.2M1.321.37N/AN/A1,656,9832,180,8264,016,6727,808,959
2024-03-13$440.17$435.0016.6%4.7%20.2%19.4%16.8%2.5%-0.1%-310.0M-55.97B-402.2M0.931.41N/AN/A1,656,7421,538,0334,066,2427,900,528
2024-03-14$437.81$435.0017.2%4.9%19.8%25.7%17.9%2.9%-0.1%-1.02B-46.98B-406.6M1.271.69N/AN/A1,601,6342,033,6114,087,8657,914,194
2024-03-15$434.11$435.0017.9%5.1%20.1%31.1%18.3%3.0%-0.1%-3.19B-31.01B-421.0M1.021.32N/AN/A1,990,6802,033,1674,071,8088,058,583
2024-03-18$438.72$435.0017.7%5.1%20.2%29.7%18.5%3.2%0.2%29.9M-26.10B-417.7M1.381.17N/AN/A1,436,3181,986,7173,074,4495,809,037
2024-03-19$438.25$435.0017.2%4.9%19.8%26.2%17.9%2.9%0.2%-1.71B-21.94B-428.3M1.411.17N/AN/A1,474,3662,084,9713,178,3306,106,394
2024-03-20$443.14$435.0016.1%4.6%19.9%19.1%17.3%2.4%0.4%1.31B-37.84B-417.7M1.351.25N/AN/A1,150,2831,556,6493,185,8566,201,528
2024-03-21$446.47$435.0015.9%4.5%16.5%18.3%16.2%2.0%0.5%2.57B-47.90B-409.7M1.191.10N/AN/A1,544,2351,831,8913,272,0106,309,410
2024-03-22$446.44$435.0015.5%4.4%16.4%14.8%15.9%2.0%0.5%624.0M-45.01B-406.5M1.291.21N/AN/A1,160,6381,493,1473,350,6386,416,284
2024-03-25$445.80$435.0015.9%4.5%16.4%18.5%16.2%2.3%0.5%21.5M-40.89B-400.2M1.411.06N/AN/A1,144,4421,610,0683,259,1996,165,508
2024-03-26$443.97$436.0015.8%4.4%16.5%18.1%16.1%2.4%0.4%-1.28B-34.41B-417.9M1.221.17N/AN/A1,223,4761,489,0243,320,4886,346,966
2024-03-27$444.60$436.0015.4%4.2%16.3%13.9%15.3%2.2%0.5%-303.6M-36.71B-415.6M0.951.21N/AN/A1,686,1461,604,7573,368,5436,440,999
2024-03-28$444.50$436.0015.5%4.2%16.1%15.4%15.8%2.3%0.5%271.3M-37.53B-414.2M1.471.17N/AN/A1,115,5221,636,3753,423,2266,505,969