QQQ Options History — April 2025

In April 2025, QQQ traded between $411.69 and $476.65. ATM implied volatility averaged 32.2%, placing in the 55.5% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded below realized volatility by 19.9% (HV 20d: 52.1%). Max pain ranged from $455.00 to $490.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 1.16.

Notable Days

  • 2025-04-10: Highest Volume — 6,328,179 contracts
  • 2025-04-10: Largest IV spike — 40.7% change
  • 2025-04-04: Highest IV Rank — 100.0%
  • 2025-04-08: Largest Expected Move — 13.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$453.05$411.69$476.65$471.74$473.23
Max Pain$468.57$455.00$490.00$490.00$460.00
ATM IV32.2%23.4%50.4%23.9%26.4%
Expected Move9.2%6.6%13.6%6.8%7.9%
HV 20d52.1%29.0%61.9%29.0%60.8%
HV 60d34.8%22.7%39.6%22.9%39.6%
IV Rank55.5%32.6%100.0%44.1%35.0%
IV Percentile95.4%88.9%100.0%91.3%90.1%
Term Structure-0.8%-2.4%0.3%0.3%0.1%
VWIV32.8%22.6%46.7%22.9%30.4%
Skew 25d10.1%6.6%17.6%6.6%8.1%
Skew 10d19.5%12.3%34.3%12.3%14.9%
Call IV 25d27.0%19.9%40.6%20.3%22.3%
Put IV 25d37.1%26.6%58.0%26.9%30.4%
Bid-Ask Spread %6.193.5413.063.543.98
Gamma HHI0.030.020.040.030.02
Net GEX-1.34B-4.67B1.52B-1.71B365.8M
Net DEX34.84B-14.53B99.61B31.86B-7.50B
Net VEX-457.3M-488.9M-401.8M-440.3M-488.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.161.021.471.041.24
Total Volume4,533,726.2863,436,0116,328,1794,111,0774,154,058
Total OI9,280,294.4768,347,43110,192,1238,347,4319,567,128

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$471.74$490.0023.9%6.8%29.0%44.1%22.9%6.6%0.3%-1.71B31.86B-440.3M1.043.54N/AN/A2,013,6512,097,4263,188,4575,158,974
2025-04-02$476.65$490.0023.4%6.6%29.2%42.0%22.6%6.7%-0.4%-1.19B20.59B-447.8M1.134.03N/AN/A1,775,9762,010,8643,263,3955,247,251
2025-04-03$451.72$485.0030.1%8.3%33.1%70.7%28.9%8.4%-0.7%-4.67B74.20B-430.1M1.184.71N/AN/A2,334,2142,746,0733,342,7665,322,862
2025-04-04$430.36$485.0039.8%10.8%36.4%100.0%37.2%12.6%-1.7%-4.19B95.62B-418.5M1.1213.06N/AN/A2,879,9703,239,6403,484,7175,401,210
2025-04-07$421.75$480.0044.9%12.2%34.8%100.0%42.1%15.1%-1.7%-3.46B93.06B-412.0M1.057.47N/AN/A2,368,9432,490,2423,663,2815,265,878
2025-04-08$411.69$475.0050.4%13.6%35.2%100.0%46.7%17.5%-2.4%-3.08B99.61B-401.8M1.227.70N/AN/A2,492,9003,031,0473,799,3545,419,785
2025-04-09$463.18$470.0030.3%8.3%56.6%45.6%32.9%10.9%-1.4%-470.1M11.34B-477.9M1.1011.19N/AN/A2,704,7112,973,8823,886,2595,596,983
2025-04-10$441.88$470.0042.7%11.9%58.6%79.1%42.1%17.6%-1.4%-2.06B54.62B-481.7M1.1111.33N/AN/A2,993,0473,335,1324,032,0895,827,217
2025-04-11$454.25$470.0035.8%10.0%58.8%60.3%32.9%13.7%-1.3%-264.7M28.82B-483.6M1.026.43N/AN/A2,027,4092,066,4334,141,9045,910,765
2025-04-14$460.07$465.0030.5%8.7%58.8%45.9%31.0%10.7%-0.5%-233.3M18.96B-468.3M1.188.40N/AN/A2,074,6172,439,4104,104,1225,605,873
2025-04-15$457.64$465.0028.9%8.2%58.4%41.6%32.7%10.5%0.1%-1.28B27.19B-467.8M1.155.35N/AN/A1,598,9241,837,0874,158,1385,915,890
2025-04-16$441.00$465.0034.0%9.7%59.2%55.5%34.9%10.9%-0.9%-3.21B61.91B-452.4M1.225.83N/AN/A2,117,4142,592,1854,181,2796,010,844
2025-04-17$444.51$460.0031.2%9.0%59.3%47.9%31.0%9.7%-0.4%-2.56B47.72B-457.3M1.066.38N/AN/A1,749,2431,846,7274,316,2675,847,801
2025-04-21$431.52$460.0035.2%10.4%60.0%58.9%37.4%8.5%-1.1%-3.15B62.19B-432.3M1.183.87N/AN/A1,841,8282,171,5573,421,8665,034,853
2025-04-22$443.69$460.0032.5%9.5%60.3%51.4%33.8%7.7%-1.1%-1.32B37.02B-453.1M1.174.40N/AN/A2,040,1732,379,1823,540,0205,177,028
2025-04-23$453.85$455.0030.4%9.0%61.0%45.9%32.4%7.5%-0.8%-270.4M17.53B-469.8M1.114.52N/AN/A2,232,6012,485,9913,642,8985,304,581
2025-04-24$466.60$455.0027.9%8.3%61.7%38.9%29.9%7.5%-0.7%931.5M-5.85B-480.2M1.474.73N/AN/A1,703,1252,499,5973,772,2215,390,119
2025-04-25$471.26$460.0026.4%7.8%61.9%35.0%28.5%7.4%-0.4%1.39B-12.34B-480.9M1.114.80N/AN/A1,874,6802,075,7703,862,0305,651,695
2025-04-28$472.49$460.0026.3%8.0%60.8%34.5%28.1%7.5%-0.1%793.4M-10.36B-473.8M1.264.27N/AN/A1,828,4802,301,9743,748,2095,353,478
2025-04-29$475.06$460.0025.6%7.7%60.9%32.6%29.6%7.7%0.1%1.52B-14.53B-484.3M1.214.01N/AN/A1,708,1822,073,8873,811,2655,515,432
2025-04-30$473.23$460.0026.4%7.9%60.8%35.0%30.4%8.1%0.1%365.8M-7.50B-488.9M1.243.98N/AN/A1,852,3282,301,7303,895,2975,671,831