QQQ Options History — December 2025

In December 2025, QQQ traded between $602.01 and $628.64. ATM implied volatility averaged 17.2%, placing in the 8.4% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded above realized volatility by 0.7% (HV 20d: 16.6%). Max pain ranged from $584.78 to $604.78. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.99.

Notable Days

  • 2025-12-12: Highest Volume — 7,156,936 contracts
  • 2025-12-17: Largest IV spike — 13.8% change
  • 2025-12-01: Highest IV Rank — 15.6%
  • 2025-12-01: Largest Expected Move — 5.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$619.30$602.01$628.64$617.44$615.48
Max Pain$595.42$584.78$604.78$590.00$604.78
ATM IV17.2%14.7%19.7%19.3%17.2%
Expected Move5.0%4.1%5.9%5.9%4.7%
HV 20d16.6%13.0%21.1%20.8%13.0%
HV 60d16.9%16.4%17.5%16.4%17.4%
IV Rank8.4%0.0%15.6%15.6%7.0%
IV Percentile29.1%0.0%60.3%55.6%26.2%
Term Structure0.3%-0.6%1.2%-0.0%0.3%
VWIV18.2%14.8%21.5%21.5%16.4%
Skew 25d5.0%4.1%6.0%5.3%5.1%
Skew 10d10.4%9.0%12.5%11.4%10.3%
Call IV 25d15.0%12.8%16.9%16.9%14.8%
Put IV 25d20.0%16.9%22.4%22.2%19.9%
Bid-Ask Spread %2.341.163.571.162.45
Gamma HHI0.050.030.140.030.10
Net GEX1.30B-7.98B9.25B2.52B-7.98B
Net DEX-43.10B-72.67B8.77B-53.32B-10.80B
Net VEX-557.0M-585.3M-527.8M-579.0M-545.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.990.761.251.070.84
Total Volume4,796,253.9092,248,8067,156,9364,898,8664,244,804
Total OI9,838,511.1368,384,96111,109,1669,671,9419,082,267

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$617.44$590.0019.3%5.9%20.8%15.6%21.5%5.3%-0.0%2.52B-53.32B-579.0M1.071.16N/AN/A2,361,2432,537,6233,915,1925,756,749
2025-12-02$622.62$590.0018.6%5.7%21.1%13.7%20.7%5.2%-0.0%4.63B-67.52B-582.7M0.991.18N/AN/A2,767,6072,752,3654,018,4575,843,680
2025-12-03$624.11$590.0018.1%5.4%20.1%12.3%19.9%4.9%0.4%5.00B-69.35B-582.6M0.991.18N/AN/A2,271,4322,258,3834,037,9595,990,118
2025-12-04$621.36$584.7818.1%5.4%20.0%12.2%19.8%4.7%0.4%742.4M-55.45B-585.3M0.912.02N/AN/A2,467,3362,251,5664,018,8596,104,142
2025-12-05$625.24$589.7817.4%5.2%18.7%10.5%19.1%4.3%0.6%5.81B-69.96B-568.8M0.951.73N/AN/A2,697,8452,576,0924,071,0796,167,960
2025-12-08$622.74$590.0018.4%5.3%18.6%13.3%20.3%5.1%0.1%-518.2K-53.73B-571.1M0.792.01N/AN/A2,695,7472,133,8273,995,4336,102,300
2025-12-09$625.22$590.0018.2%5.3%16.5%12.7%19.9%5.0%0.4%4.09B-62.01B-573.1M1.062.12N/AN/A1,834,8431,939,2834,042,1366,214,849
2025-12-10$628.64$590.0017.3%5.0%16.6%10.1%19.1%4.8%0.3%4.75B-72.67B-553.7M0.972.76N/AN/A2,035,2191,976,4044,043,7596,294,826
2025-12-11$624.65$590.0016.9%5.0%16.8%7.3%18.5%4.9%0.5%1.15B-57.84B-562.0M0.912.45N/AN/A2,709,4992,467,1904,105,8016,370,832
2025-12-12$613.16$590.0018.1%5.2%16.6%10.8%19.6%5.7%0.1%-3.87B-19.47B-568.7M0.873.53N/AN/A3,824,6673,332,2694,073,3746,423,967
2025-12-15$611.05$600.0018.2%5.2%16.7%11.1%18.8%5.5%-0.2%-4.75B-17.65B-553.7M0.933.18N/AN/A3,020,4652,811,8774,125,5856,352,881
2025-12-16$612.81$600.0017.3%4.9%16.0%8.3%18.2%5.6%0.2%-753.7M-29.36B-540.4M0.973.13N/AN/A3,008,7902,921,5914,100,8906,464,154
2025-12-17$602.01$600.0019.7%5.6%17.2%14.9%19.5%6.0%-0.6%-6.50B8.77B-561.6M0.762.61N/AN/A3,616,3132,754,7064,143,0226,588,312
2025-12-18$611.15$600.0017.9%5.1%18.0%8.8%18.4%5.6%-0.2%1.62B-35.55B-561.1M1.243.57N/AN/A2,866,0583,558,4134,346,7726,679,547
2025-12-19$616.81$600.0016.4%4.7%15.8%4.6%17.0%4.8%-0.1%3.02B-55.23B-553.3M1.252.89N/AN/A2,162,5402,700,3434,340,8246,768,342
2025-12-22$619.21$600.0015.3%4.4%15.5%1.7%15.9%4.8%1.0%3.37B-33.15B-539.1M0.962.24N/AN/A2,306,5122,202,9653,270,4095,114,552
2025-12-23$621.94$600.0014.9%4.2%13.5%0.3%16.1%4.6%1.1%9.25B-43.36B-538.9M1.172.08N/AN/A1,850,3942,168,1023,396,6545,185,887
2025-12-24$623.81$600.0014.7%4.1%13.5%0.0%14.8%4.3%1.1%5.72B-47.08B-539.1M0.992.36N/AN/A1,132,1681,116,6383,398,6105,250,315
2025-12-26$624.11$600.0015.0%4.1%13.0%0.6%15.3%4.1%1.2%4.27B-45.81B-527.8M1.102.44N/AN/A1,627,0231,791,6893,377,2975,250,660
2025-12-29$620.99$600.0016.0%4.3%13.1%3.5%15.7%4.5%0.5%-1.77B-29.70B-530.1M1.112.18N/AN/A1,979,3332,200,0693,338,0265,384,607
2025-12-30$620.12$600.0016.5%4.4%13.1%4.8%15.9%4.9%0.4%-1.68B-27.86B-535.8M0.922.13N/AN/A1,871,6581,714,6953,373,4515,522,709
2025-12-31$615.48$604.7817.2%4.7%13.0%7.0%16.4%5.1%0.3%-7.98B-10.80B-545.5M0.842.45N/AN/A2,304,6821,940,1223,446,1985,636,069