QQQ Options History — July 2025

In July 2025, QQQ traded between $547.56 and $567.51. ATM implied volatility averaged 16.9%, placing in the 8.9% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 6.0% (HV 20d: 10.9%). Max pain ranged from $520.00 to $550.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 1.09.

Notable Days

  • 2025-07-31: Highest Volume — 4,721,267 contracts
  • 2025-07-07: Largest IV spike — 6.4% change
  • 2025-07-07: Highest IV Rank — 14.3%
  • 2025-07-07: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$559.38$547.56$567.51$547.56$566.15
Max Pain$535.91$520.00$550.00$530.00$550.00
ATM IV16.9%15.3%18.8%17.3%16.8%
Expected Move4.8%4.2%5.4%4.8%4.6%
HV 20d10.9%7.3%13.4%12.9%7.3%
HV 60d19.3%13.1%35.1%35.1%13.1%
IV Rank8.9%4.6%14.3%10.1%8.7%
IV Percentile16.2%5.2%37.7%21.0%15.9%
Term Structure0.2%-0.2%0.6%0.6%-0.2%
VWIV17.9%16.0%20.9%17.9%17.0%
Skew 25d4.4%3.8%5.3%4.4%5.3%
Skew 10d9.4%8.2%11.2%8.4%11.2%
Call IV 25d15.0%13.5%16.7%15.7%14.4%
Put IV 25d19.4%17.6%21.6%20.2%19.7%
Bid-Ask Spread %2.652.153.193.192.65
Gamma HHI0.050.030.080.030.04
Net GEX2.61B-1.12B5.42B322.9M1.21B
Net DEX-57.56B-71.44B-44.74B-47.01B-52.25B
Net VEX-465.8M-485.5M-452.1M-461.8M-485.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.090.841.461.001.13
Total Volume3,414,384.1822,309,8704,721,2674,001,3894,721,267
Total OI8,168,145.1367,442,5018,771,1257,442,5018,681,496

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$547.56$530.0017.3%4.8%12.9%10.1%17.9%4.4%0.6%322.9M-47.01B-461.8M1.003.19N/AN/A1,995,6802,005,7092,982,6004,459,901
2025-07-02$550.25$530.0018.0%4.8%12.8%12.0%18.3%4.6%0.0%4.76B-54.90B-475.0M1.173.03N/AN/A1,379,2331,619,9863,067,3904,782,905
2025-07-03$556.50$520.0017.7%5.2%13.2%11.2%18.8%4.1%0.1%5.18B-67.49B-466.5M1.082.60N/AN/A1,112,9161,196,9543,070,1824,851,611
2025-07-07$551.39$525.0018.8%5.4%13.4%14.3%20.9%4.9%0.2%435.1M-48.56B-465.7M1.072.68N/AN/A1,640,6501,750,2262,983,7484,786,919
2025-07-08$552.13$525.0017.7%5.2%13.2%11.3%19.5%4.4%0.4%2.67B-53.78B-453.4M1.072.84N/AN/A1,420,0711,525,6363,071,8624,833,155
2025-07-09$556.00$525.0016.9%4.9%13.3%9.0%18.1%3.8%0.2%5.42B-63.77B-453.5M0.862.96N/AN/A1,892,6661,630,5423,098,2264,906,294
2025-07-10$555.87$530.0016.8%4.9%13.3%8.7%17.7%3.9%0.2%2.65B-61.00B-456.8M0.842.92N/AN/A1,753,7581,478,2803,132,9765,001,210
2025-07-11$554.67$530.0016.8%4.9%13.3%8.9%18.9%4.3%0.2%2.17B-56.12B-468.9M1.162.76N/AN/A1,437,4021,672,7823,207,0895,085,503
2025-07-14$555.75$530.0017.7%5.1%13.3%11.1%19.0%4.6%0.0%2.61B-57.05B-459.8M1.382.71N/AN/A1,374,6111,902,9283,129,9985,019,567
2025-07-15$557.93$530.0017.1%4.9%12.0%9.5%18.1%4.2%0.4%3.77B-61.81B-463.1M1.002.87N/AN/A1,795,5341,797,8443,180,0045,154,868
2025-07-16$557.67$535.0016.9%4.9%11.1%9.1%19.2%4.7%0.4%2.47B-58.92B-466.4M1.082.60N/AN/A2,113,9482,281,4393,207,4695,239,693
2025-07-17$561.74$535.0016.7%4.8%10.5%8.4%17.5%4.1%0.0%4.98B-71.44B-461.2M1.412.87N/AN/A1,372,1531,936,5033,252,8815,313,078
2025-07-18$560.84$540.0016.6%4.7%10.5%8.2%18.0%4.1%0.2%725.4M-65.71B-469.6M0.992.72N/AN/A1,767,9531,747,6773,290,0025,481,123
2025-07-21$564.27$540.0016.6%4.7%9.9%8.3%17.9%4.4%0.4%4.26B-58.23B-455.3M1.462.46N/AN/A1,433,2722,097,9372,960,0024,773,759
2025-07-22$561.74$540.0016.8%4.8%10.1%8.8%17.7%4.7%0.4%-1.12B-44.74B-472.5M0.922.15N/AN/A1,996,2271,833,9912,993,5684,928,294
2025-07-23$562.61$540.0016.2%4.6%8.6%7.0%17.3%4.4%0.5%1.92B-50.23B-472.2M1.052.21N/AN/A1,565,6001,640,7953,079,2544,972,618
2025-07-24$565.38$545.0015.9%4.5%8.7%6.3%16.2%4.1%0.5%3.99B-59.88B-465.2M1.122.29N/AN/A1,455,9801,625,4043,132,3485,081,059
2025-07-25$566.79$545.0015.3%4.2%8.2%4.6%16.0%4.1%0.6%3.90B-62.79B-468.4M1.202.27N/AN/A1,306,8121,565,5133,182,1735,159,940
2025-07-28$567.51$545.0015.4%4.2%8.2%5.0%16.0%4.3%-0.0%3.62B-62.40B-452.1M0.872.27N/AN/A1,611,7781,398,5213,143,1295,064,174
2025-07-29$567.26$550.0016.1%4.4%7.9%6.9%16.6%4.9%-0.1%807.8M-56.71B-469.6M1.122.51N/AN/A2,058,1472,304,5353,185,2425,171,854
2025-07-30$566.46$550.0016.8%4.6%7.3%8.8%16.9%5.1%-0.1%563.4M-51.48B-484.0M1.082.69N/AN/A1,396,2781,501,3143,269,0925,330,937
2025-07-31$566.15$550.0016.8%4.6%7.3%8.7%17.0%5.3%-0.2%1.21B-52.25B-485.5M1.132.65N/AN/A2,215,2822,505,9853,309,4925,372,004