QQQ Options History — October 2025

In October 2025, QQQ traded between $592.86 and $634.55. ATM implied volatility averaged 19.5%, placing in the 16.1% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 6.0% (HV 20d: 13.4%). Max pain ranged from $580.00 to $600.00. Net GEX was positive for 12 of 23 trading days. Term structure was in contango for 16 of 23 days. Put/call ratio averaged 1.36.

Notable Days

  • 2025-10-10: Highest Volume — 6,861,071 contracts
  • 2025-10-10: Largest IV spike — 26.0% change
  • 2025-10-16: Highest IV Rank — 30.3%
  • 2025-10-16: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$611.10$592.86$634.55$603.14$631.10
Max Pain$591.48$580.00$600.00$589.00$600.00
ATM IV19.5%17.5%24.7%17.6%19.4%
Expected Move5.6%4.3%7.1%4.6%5.6%
HV 20d13.4%7.0%18.0%7.5%18.0%
HV 60d12.5%10.7%13.9%10.7%13.2%
IV Rank16.1%10.7%30.3%11.0%15.9%
IV Percentile58.1%36.1%89.7%36.9%61.1%
Term Structure0.0%-0.6%0.4%0.2%0.4%
VWIV21.2%16.9%26.2%18.2%21.2%
Skew 25d6.0%3.9%9.4%5.4%4.9%
Skew 10d12.6%8.6%19.0%10.7%10.1%
Call IV 25d16.9%15.2%20.5%15.3%17.2%
Put IV 25d22.9%20.4%29.9%20.7%22.1%
Bid-Ask Spread %2.581.685.272.462.21
Gamma HHI0.030.020.050.040.03
Net GEX82.0M-9.18B5.73B3.22B464.7M
Net DEX-55.19B-100.44B6.41B-61.78B-78.78B
Net VEX-557.4M-613.5M-520.8M-520.8M-565.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.361.121.651.571.25
Total Volume4,541,344.6963,443,2116,861,0713,886,3684,735,014
Total OI9,683,245.7398,742,61910,683,7088,742,61910,241,976

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-10-01$603.14$589.0017.6%4.6%7.5%11.0%18.2%5.4%0.2%3.22B-61.78B-520.8M1.572.46N/AN/A1,514,2312,372,1373,200,4555,542,164
2025-10-02$605.86$590.0017.7%4.5%7.0%11.2%17.5%5.3%0.3%3.52B-66.14B-520.9M1.132.56N/AN/A1,613,9161,829,2953,217,5475,724,643
2025-10-03$603.71$590.0017.5%4.3%7.3%10.7%16.9%5.4%0.3%-759.1M-54.56B-529.6M1.212.54N/AN/A2,041,3102,464,0353,230,3705,841,892
2025-10-06$608.30$580.0018.0%5.3%7.5%12.1%23.1%5.3%0.2%3.26B-66.40B-522.9M1.581.83N/AN/A1,458,7512,307,9213,221,0975,707,576
2025-10-07$605.02$580.0018.4%5.4%8.0%13.2%21.1%5.5%0.1%-3.88B-49.08B-536.5M1.372.07N/AN/A2,041,1682,791,9853,270,3765,928,076
2025-10-08$610.76$585.0017.7%5.3%8.3%11.2%20.7%5.2%0.2%3.69B-68.62B-536.3M1.581.89N/AN/A1,526,5202,418,3963,343,3316,131,501
2025-10-09$610.16$585.0017.8%5.2%8.2%11.4%19.6%5.2%0.2%-920.5M-63.06B-541.3M1.412.01N/AN/A1,589,4252,236,4273,399,0436,362,008
2025-10-10$592.86$585.0022.4%6.4%13.7%24.0%25.2%7.8%-0.3%-9.18B6.41B-594.9M1.275.27N/AN/A3,017,9943,843,0773,427,4556,425,957
2025-10-13$602.07$590.0020.1%5.8%14.5%17.8%21.6%6.7%0.2%-1.48B-39.53B-572.4M1.462.24N/AN/A1,727,4202,516,9003,588,8936,417,759
2025-10-14$596.93$590.0021.8%6.3%14.9%22.3%22.6%7.7%0.1%-6.34B-15.27B-590.3M1.285.12N/AN/A2,173,3292,778,3823,608,8456,538,978
2025-10-15$601.77$590.0021.8%6.2%15.1%22.2%23.3%7.5%0.0%-978.4M-38.44B-587.8M1.292.38N/AN/A2,443,7673,143,4393,701,2236,654,710
2025-10-16$598.77$590.0024.7%7.1%14.9%30.3%26.2%9.4%-0.1%-4.21B-21.49B-613.5M1.253.35N/AN/A2,487,6883,117,9763,716,4686,850,823
2025-10-17$604.17$590.0022.3%6.4%15.1%23.7%24.2%8.2%0.1%34.6M-45.40B-593.5M1.323.04N/AN/A1,993,9932,623,5713,736,0586,947,650
2025-10-20$611.93$590.0019.6%5.6%15.6%16.3%21.3%6.1%-0.4%1.86B-55.95B-549.5M1.652.17N/AN/A1,502,1922,479,5213,295,4085,702,714
2025-10-21$611.96$595.0018.9%5.4%15.4%14.6%21.2%6.1%-0.4%-195.2M-51.52B-559.5M1.471.85N/AN/A1,591,6862,343,5193,376,5775,797,080
2025-10-22$604.89$595.0020.3%5.8%15.9%18.2%21.1%7.2%-0.6%-4.65B-25.79B-569.4M1.122.79N/AN/A2,517,9342,814,9163,426,5096,004,045
2025-10-23$610.90$595.0018.6%5.4%16.1%13.8%20.1%6.1%-0.4%1.98B-52.02B-560.1M1.301.68N/AN/A1,907,8432,484,9813,546,2306,069,187
2025-10-24$617.97$595.0017.9%5.2%16.5%11.9%20.0%5.3%-0.3%4.43B-72.83B-556.5M1.371.72N/AN/A1,856,0342,546,5713,607,0256,240,921
2025-10-27$627.50$600.0018.0%5.3%17.1%12.1%19.9%4.3%0.4%4.25B-90.11B-529.7M1.371.91N/AN/A1,885,1202,578,1203,509,2666,012,888
2025-10-28$633.88$600.0018.7%5.5%17.3%13.9%20.8%3.9%0.3%5.73B-100.44B-543.1M1.241.90N/AN/A2,240,1712,787,7173,633,0036,198,748
2025-10-29$634.55$600.0019.4%5.7%17.3%16.0%21.0%4.1%0.1%3.19B-93.44B-553.0M1.353.18N/AN/A1,654,2022,227,1253,700,4496,312,248
2025-10-30$627.02$600.0019.6%5.8%18.0%16.4%21.0%4.8%0.2%-1.16B-65.08B-574.0M1.343.26N/AN/A1,804,5142,420,6953,755,6836,549,797
2025-10-31$631.10$600.0019.4%5.6%18.0%15.9%21.2%4.9%0.4%464.7M-78.78B-565.6M1.252.21N/AN/A2,102,7632,632,2513,722,7646,519,212