QQQ Options History — February 2025

In February 2025, QQQ traded between $501.84 and $538.97. ATM implied volatility averaged 18.8%, placing in the 22.5% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 1.1% (HV 20d: 17.7%). Max pain ranged from $510.00 to $520.00. Net GEX was positive for 9 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 1.09.

Notable Days

  • 2025-02-27: Highest Volume — 5,747,936 contracts
  • 2025-02-27: Largest IV spike — 13.2% change
  • 2025-02-27: Highest IV Rank — 45.1%
  • 2025-02-27: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$524.92$501.84$538.97$518.77$504.16
Max Pain$514.05$510.00$520.00$520.00$515.00
ATM IV18.8%16.2%24.1%20.2%22.4%
Expected Move5.5%4.7%7.3%5.9%6.8%
HV 20d17.7%13.6%21.3%21.3%16.3%
HV 60d18.6%17.9%19.5%19.5%19.3%
IV Rank22.5%11.3%45.1%28.5%38.0%
IV Percentile59.2%29.4%96.4%77.0%92.1%
Term Structure-0.1%-0.7%0.5%-0.3%0.5%
VWIV19.8%17.1%24.5%21.6%23.8%
Skew 25d5.4%4.4%6.9%5.7%6.4%
Skew 10d11.0%9.0%13.7%11.4%13.3%
Call IV 25d16.1%14.2%20.5%17.4%19.1%
Put IV 25d21.5%18.6%27.3%23.1%25.6%
Bid-Ask Spread %2.701.874.303.383.58
Gamma HHI0.040.030.050.030.04
Net GEX-861.5M-5.88B3.91B-3.07B-3.84B
Net DEX-10.92B-44.94B47.12B1.66B30.16B
Net VEX-389.1M-415.3M-360.5M-396.8M-415.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.090.911.421.221.15
Total Volume3,955,630.1052,884,2035,747,9364,460,6125,467,444
Total OI7,437,033.3167,023,3727,919,5357,023,3727,917,554

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$518.77$520.0020.2%5.9%21.3%28.5%21.6%5.7%-0.3%-3.07B1.66B-396.8M1.223.38N/AN/A2,008,4542,452,1582,475,2784,548,094
2025-02-04$524.17$520.0019.0%5.4%20.8%23.4%19.8%5.0%-0.2%352.8M-15.86B-394.6M1.182.72N/AN/A1,555,4651,838,8602,532,5544,597,663
2025-02-05$525.37$520.0018.4%5.1%20.5%20.8%18.8%4.8%-0.1%616.6M-18.37B-392.3M1.062.96N/AN/A1,624,2151,729,5632,566,5994,662,461
2025-02-06$528.25$510.0017.7%5.1%19.3%17.5%19.7%4.6%0.0%1.03B-24.43B-391.5M0.952.37N/AN/A1,480,9621,403,2412,580,2144,655,156
2025-02-07$523.02$510.0018.2%5.2%19.7%19.8%19.4%5.1%-0.0%-2.16B-9.01B-396.0M0.912.39N/AN/A2,222,0512,030,4572,626,4724,735,563
2025-02-10$529.31$510.0017.7%5.1%19.2%17.5%18.5%5.2%0.1%2.33B-26.03B-378.0M1.421.97N/AN/A1,216,0161,727,6132,511,2944,619,714
2025-02-11$527.82$510.0017.6%5.0%19.1%17.2%18.8%5.0%-0.0%-1.47B-18.93B-382.1M1.242.18N/AN/A1,389,1701,719,7232,520,1264,727,084
2025-02-12$528.07$510.0017.7%5.1%19.0%17.7%18.5%5.0%-0.1%47.5M-20.52B-379.2M1.311.99N/AN/A1,569,3062,052,2352,561,0454,753,345
2025-02-13$535.07$510.0017.0%4.9%17.0%14.7%18.0%4.7%0.3%3.91B-39.95B-376.4M1.202.01N/AN/A1,713,9022,052,3352,620,1554,855,581
2025-02-14$538.26$510.0016.2%4.7%16.9%11.3%17.8%4.4%0.1%3.62B-44.94B-372.7M1.042.15N/AN/A1,507,8641,564,4422,664,0075,008,803
2025-02-18$537.64$515.0016.7%4.8%16.3%13.4%17.6%4.7%0.3%1.69B-39.88B-360.5M0.971.87N/AN/A1,593,0761,552,8762,601,1074,776,501
2025-02-19$538.97$515.0016.2%4.7%16.3%11.4%19.2%4.6%0.2%3.21B-41.86B-370.7M1.091.94N/AN/A1,462,9401,594,4872,698,3864,916,520
2025-02-20$536.50$515.0016.8%4.8%15.7%14.0%17.1%5.0%-0.2%-37.1M-33.09B-376.0M0.972.70N/AN/A1,898,1501,847,2672,733,4125,031,535
2025-02-21$525.89$515.0019.0%5.5%17.3%23.3%19.2%6.2%-0.5%-3.94B-1.31B-392.7M0.923.23N/AN/A2,631,4782,410,1622,818,6225,100,913
2025-02-24$521.97$515.0019.9%5.8%17.4%27.2%20.7%6.7%-0.2%-4.71B9.02B-393.4M1.082.27N/AN/A2,265,0122,436,9592,531,7594,613,575
2025-02-25$513.53$517.0021.3%6.3%15.0%33.0%21.6%6.9%-0.7%-5.02B24.95B-401.3M1.043.61N/AN/A2,630,6672,728,7222,657,9614,657,812
2025-02-26$514.90$515.0021.3%6.4%13.6%33.1%21.9%6.3%-0.5%-3.05B13.75B-409.8M0.963.69N/AN/A2,056,8411,974,9232,782,9974,769,812
2025-02-27$501.84$515.0024.1%7.3%16.2%45.1%24.5%6.7%-0.4%-5.88B47.12B-413.8M1.014.30N/AN/A2,858,7212,889,2152,936,4064,937,553
2025-02-28$504.16$515.0022.4%6.8%16.3%38.0%23.8%6.4%0.5%-3.84B30.16B-415.3M1.153.58N/AN/A2,539,3532,928,0913,055,6444,861,910