QQQ Options History — August 2025

In August 2025, QQQ traded between $554.07 and $580.46. ATM implied volatility averaged 16.4%, placing in the 7.6% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 3.3% (HV 20d: 13.0%). Max pain ranged from $530.00 to $550.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 1.16.

Notable Days

  • 2025-08-20: Highest Volume — 6,080,518 contracts
  • 2025-08-22: Largest IV drop — 14.1% change
  • 2025-08-01: Highest IV Rank — 17.4%
  • 2025-08-01: Largest Expected Move — 5.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$570.96$554.07$580.46$554.07$570.49
Max Pain$543.24$530.00$550.00$550.00$550.00
ATM IV16.4%14.8%20.0%20.0%16.5%
Expected Move4.7%4.3%5.7%5.7%4.8%
HV 20d13.0%10.1%15.0%10.1%13.5%
HV 60d12.4%11.7%14.2%13.9%12.3%
IV Rank7.6%3.2%17.4%17.4%8.0%
IV Percentile16.3%3.6%54.4%54.4%17.1%
Term Structure0.0%-0.4%0.3%-0.4%-0.2%
VWIV18.0%16.3%20.9%20.9%17.9%
Skew 25d5.3%4.1%7.1%7.1%6.0%
Skew 10d11.3%9.0%14.1%14.1%12.5%
Call IV 25d14.0%12.9%16.5%16.5%14.1%
Put IV 25d19.3%17.2%23.7%23.7%20.1%
Bid-Ask Spread %2.171.843.043.042.23
Gamma HHI0.040.030.100.030.04
Net GEX651.4M-5.05B6.64B-3.78B-3.98B
Net DEX-47.97B-82.75B-6.79B-6.79B-28.34B
Net VEX-497.8M-531.9M-468.4M-517.8M-519.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.160.971.361.241.05
Total Volume3,952,261.6672,574,7156,080,5185,282,1334,153,171
Total OI8,767,482.2868,108,8169,494,2508,584,8399,494,250

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$554.07$550.0020.0%5.7%10.1%17.4%20.9%7.1%-0.4%-3.78B-6.79B-517.8M1.243.04N/AN/A2,361,4512,920,6823,274,8895,309,950
2025-08-04$563.38$530.0017.4%5.0%11.2%10.4%18.8%6.2%0.0%2.09B-44.67B-492.8M1.361.84N/AN/A1,491,6122,025,1903,295,0704,957,151
2025-08-05$560.62$535.0017.8%5.1%11.4%11.4%18.7%6.2%-0.0%-2.69B-29.76B-502.8M1.042.08N/AN/A2,064,5032,147,9693,293,9665,127,242
2025-08-06$567.19$535.0016.7%4.9%11.8%8.6%17.8%5.5%0.1%3.64B-53.96B-494.1M1.212.19N/AN/A1,790,8652,160,2803,336,9615,213,590
2025-08-07$567.93$535.0016.9%4.9%11.8%9.0%18.0%5.5%0.1%2.52B-54.25B-498.2M1.042.10N/AN/A2,106,3262,198,0073,345,9475,306,574
2025-08-08$573.92$535.0015.7%4.6%12.2%5.9%18.1%4.8%0.2%6.03B-72.70B-484.4M1.352.10N/AN/A1,506,9542,029,0693,408,4965,425,408
2025-08-11$572.88$540.0016.1%4.7%12.3%6.8%18.1%5.0%0.2%649.3M-62.59B-479.8M1.051.90N/AN/A1,564,6591,641,2413,348,0065,267,935
2025-08-12$579.67$540.0015.0%4.4%12.8%3.9%16.5%4.2%0.3%6.64B-82.75B-469.1M1.282.03N/AN/A1,679,9302,146,7493,387,0665,352,217
2025-08-13$579.65$540.0014.8%4.3%12.8%3.2%17.2%4.1%0.3%3.45B-80.24B-468.4M1.142.05N/AN/A1,785,4772,038,7343,420,1295,463,907
2025-08-14$580.46$540.0014.8%4.3%12.6%3.3%17.0%4.3%0.3%3.57B-79.24B-480.8M1.302.39N/AN/A1,642,7232,131,6153,474,6185,624,946
2025-08-15$577.72$540.0015.0%4.4%12.8%3.9%16.3%4.4%0.3%-856.0M-69.12B-482.2M1.162.15N/AN/A1,679,6811,956,6853,492,2545,733,651
2025-08-18$577.23$543.0015.3%4.4%12.7%4.8%18.5%4.4%0.1%337.7M-51.25B-476.8M1.022.14N/AN/A1,607,4271,636,7383,177,2934,931,523
2025-08-19$569.30$545.0016.7%4.8%13.6%8.4%18.2%5.4%-0.0%-4.54B-25.93B-504.6M0.972.05N/AN/A2,513,0382,446,6343,187,9725,043,584
2025-08-20$566.24$550.0017.2%4.9%13.8%9.9%19.6%5.5%-0.1%-5.05B-17.92B-517.7M1.162.20N/AN/A2,814,0113,266,5073,346,1025,261,463
2025-08-21$563.17$550.0018.4%5.3%13.8%13.2%19.7%6.0%-0.2%-3.44B-14.14B-531.9M1.171.99N/AN/A1,947,3212,270,4123,412,1395,477,063
2025-08-22$571.79$550.0015.8%4.5%14.8%6.2%17.6%4.7%0.0%2.46B-47.12B-513.2M1.132.10N/AN/A1,976,8502,236,2323,437,3455,484,505
2025-08-25$571.56$550.0015.9%4.6%14.8%6.4%16.8%5.3%-0.1%-84.3M-41.64B-502.5M1.132.27N/AN/A1,515,8361,713,0583,350,3445,379,558
2025-08-26$571.59$550.0016.2%4.7%14.8%7.2%17.2%5.4%-0.2%655.2M-39.98B-508.2M1.142.02N/AN/A1,565,9351,782,8313,417,0965,454,693
2025-08-27$573.63$550.0016.5%4.8%14.9%8.0%18.9%5.4%-0.2%1.12B-45.71B-513.7M1.282.47N/AN/A1,128,1931,446,5223,442,5685,603,702
2025-08-28$577.65$550.0015.1%4.3%15.0%4.1%17.0%4.8%-0.0%4.94B-59.23B-494.9M1.222.15N/AN/A1,761,3362,145,0413,488,4125,867,543
2025-08-29$570.49$550.0016.5%4.8%13.5%8.0%17.9%6.0%-0.2%-3.98B-28.34B-519.0M1.052.23N/AN/A2,025,9112,127,2603,521,4105,972,840