QQQ Options History — May 2024

In May 2024, QQQ traded between $425.16 and $458.27. ATM implied volatility averaged 15.7%, placing in the 17.0% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded below realized volatility by 0.0% (HV 20d: 15.7%). Max pain ranged from $414.78 to $435.00. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 1.26.

Notable Days

  • 2024-05-31: Highest Volume — 4,408,505 contracts
  • 2024-05-03: Largest IV drop — 8.2% change
  • 2024-05-01: Highest IV Rank — 43.6%
  • 2024-05-01: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$446.66$425.16$458.27$425.16$449.01
Max Pain$423.15$414.78$435.00$429.78$434.78
ATM IV15.7%13.7%18.5%18.5%15.6%
Expected Move4.5%3.9%5.4%5.4%4.5%
HV 20d15.7%10.2%20.6%19.5%11.7%
HV 60d16.6%15.0%17.9%17.6%15.0%
IV Rank17.0%0.0%43.6%43.6%17.6%
IV Percentile19.1%0.0%68.7%68.7%17.9%
Term Structure-0.0%-0.5%0.5%-0.0%-0.2%
VWIV16.3%14.5%19.5%19.5%16.1%
Skew 25d2.7%1.9%3.9%2.9%3.6%
Skew 10d6.1%4.3%8.7%6.1%6.7%
Call IV 25d14.3%12.4%17.0%17.0%13.9%
Put IV 25d17.1%15.3%19.9%19.9%17.6%
Bid-Ask Spread %1.520.962.721.301.84
Gamma HHI0.040.020.060.030.06
Net GEX2.27B-4.67B8.59B-2.50B-4.67B
Net DEX-49.72B-83.83B-2.10B-2.10B-24.51B
Net VEX-402.9M-440.6M-368.0M-440.6M-423.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.260.921.821.190.92
Total Volume2,851,225.4551,991,7294,408,5053,177,3754,408,505
Total OI10,624,916.4559,723,26211,499,06810,348,40210,921,930

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$425.16$429.7818.5%5.4%19.5%43.6%19.5%2.9%-0.0%-2.50B-2.10B-440.6M1.191.30N/AN/A1,449,1931,728,1823,965,2166,383,186
2024-05-02$426.40$428.0018.4%5.4%19.1%42.0%19.1%2.6%-0.1%-1.13B-8.95B-435.1M1.181.04N/AN/A1,271,6921,504,5624,034,3886,483,349
2024-05-03$435.52$427.0016.9%4.7%20.3%27.8%16.9%2.5%0.1%3.40B-40.78B-422.4M1.470.96N/AN/A1,259,7511,848,7674,109,2476,545,440
2024-05-06$439.14$414.7816.7%4.8%20.6%26.6%17.1%2.6%0.3%3.22B-46.11B-403.7M1.451.43N/AN/A975,3501,414,8363,936,4616,403,907
2024-05-07$440.30$414.7816.2%4.7%20.6%22.1%16.7%2.6%0.4%2.99B-49.10B-397.6M1.471.37N/AN/A1,117,6331,638,3113,972,5086,489,260
2024-05-08$440.12$415.0015.9%4.6%20.5%19.0%16.6%2.5%0.4%1.11B-46.29B-396.7M1.331.38N/AN/A1,128,6921,497,7384,033,7486,630,567
2024-05-09$440.72$415.0015.8%4.6%19.5%17.8%16.1%2.5%0.4%2.48B-47.91B-405.3M1.031.28N/AN/A1,325,9211,360,2114,099,0616,685,011
2024-05-10$441.97$415.0015.5%4.5%18.4%15.6%16.0%2.4%0.5%3.74B-53.68B-397.4M1.071.32N/AN/A1,298,9041,387,7394,205,2516,774,589
2024-05-13$442.95$415.0016.4%4.6%17.3%23.6%16.7%2.7%-0.5%3.40B-50.06B-405.2M1.181.37N/AN/A915,6261,076,1034,095,2996,586,495
2024-05-14$446.22$419.7816.1%4.5%17.4%20.7%15.8%2.6%-0.3%4.57B-62.30B-385.1M1.261.45N/AN/A1,144,6161,445,0534,152,1906,652,011
2024-05-15$452.75$419.7815.1%4.2%17.1%11.5%15.5%1.9%-0.4%8.59B-83.83B-384.2M1.011.81N/AN/A1,874,8151,900,7384,285,3356,754,176
2024-05-16$452.19$419.7814.9%4.2%16.8%9.2%15.2%2.0%-0.3%5.87B-77.95B-386.8M1.161.77N/AN/A1,174,5991,362,7584,447,0656,934,173
2024-05-17$451.51$420.0014.4%4.1%13.3%4.5%14.7%2.1%-0.2%3.25B-72.84B-385.1M1.111.48N/AN/A1,207,7481,342,6344,402,0407,097,028
2024-05-20$454.72$420.0014.6%4.2%12.9%6.8%15.6%2.2%0.1%4.20B-61.10B-383.6M1.551.46N/AN/A948,3961,466,6963,683,1486,040,114
2024-05-21$455.38$424.7814.2%4.1%12.3%3.1%14.5%2.2%0.1%3.83B-62.05B-368.0M1.191.29N/AN/A980,3371,166,5653,692,6886,217,064
2024-05-22$454.54$425.0014.9%4.3%12.4%9.5%16.6%2.7%-0.0%2.29B-55.29B-395.4M1.572.72N/AN/A875,6921,374,4753,765,4306,320,187
2024-05-23$453.37$425.0014.7%4.2%12.1%7.4%15.7%3.2%0.0%1.02B-48.25B-405.6M1.211.62N/AN/A1,839,1352,227,6113,883,1956,627,390
2024-05-24$457.81$430.0013.7%3.9%11.1%0.0%15.2%3.0%0.1%4.79B-61.20B-408.7M1.421.46N/AN/A1,264,3101,797,6063,906,8676,856,898
2024-05-28$458.27$430.0014.6%4.2%11.1%8.6%15.6%3.5%-0.1%2.08B-57.62B-398.5M1.221.42N/AN/A1,180,7611,437,0073,814,9596,571,162
2024-05-29$457.13$431.0015.3%4.4%10.2%14.9%17.6%3.9%-0.2%138.0M-51.45B-409.5M1.821.42N/AN/A1,064,4901,935,1293,881,3526,678,858
2024-05-30$451.39$435.0016.0%4.7%11.3%21.4%17.1%3.8%-0.3%-2.83B-30.60B-424.9M1.012.21N/AN/A1,548,0051,560,0683,933,4926,796,427
2024-05-31$449.01$434.7815.6%4.5%11.7%17.6%16.1%3.6%-0.2%-4.67B-24.51B-423.7M0.921.84N/AN/A2,292,5812,115,9244,047,4436,874,487