QQQ Options History — February 2026

In February 2026, QQQ traded between $596.29 and $626.18. ATM implied volatility averaged 21.9%, placing in the 20.2% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 3.9% (HV 20d: 18.0%). Max pain ranged from $604.00 to $620.00. Net GEX was positive for 2 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 1.20.

Notable Days

  • 2026-02-04: Highest Volume — 6,794,876 contracts
  • 2026-02-06: Largest IV drop — 18.3% change
  • 2026-02-05: Highest IV Rank — 31.6%
  • 2026-02-05: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$608.12$596.29$626.18$626.18$606.07
Max Pain$608.89$604.00$620.00$620.00$605.00
ATM IV21.9%18.7%26.0%18.7%21.5%
Expected Move6.3%5.2%7.2%5.2%6.4%
HV 20d18.0%14.2%19.6%14.2%19.1%
HV 60d15.8%15.0%16.3%15.9%15.4%
IV Rank20.2%11.2%31.6%11.2%19.0%
IV Percentile73.2%52.4%89.7%52.4%70.2%
Term Structure-0.3%-0.7%0.2%0.1%-0.5%
VWIV23.1%19.4%25.9%19.4%23.1%
Skew 25d8.5%6.7%9.6%6.7%9.6%
Skew 10d16.2%13.4%17.9%13.4%17.9%
Call IV 25d17.8%15.6%21.7%15.6%17.1%
Put IV 25d26.3%22.3%30.4%22.3%26.7%
Bid-Ask Spread %3.112.474.772.533.50
Gamma HHI0.040.020.100.020.03
Net GEX-4.59B-8.95B1.00B-60.9M-5.24B
Net DEX22.12B-16.71B64.87B-16.71B21.72B
Net VEX-593.6M-615.4M-555.7M-555.7M-602.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.200.931.441.441.33
Total Volume5,429,951.7893,611,0996,794,8764,756,6595,112,372
Total OI9,187,604.7378,205,3639,859,3008,205,3639,372,243

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$626.18$620.0018.7%5.2%14.2%11.2%19.4%6.7%0.1%-60.9M-16.71B-555.7M1.442.53N/AN/A1,948,3522,808,3073,122,2125,083,151
2026-02-03$615.21$620.0021.2%6.1%15.4%18.2%22.6%7.4%-0.2%-5.63B20.34B-574.9M0.933.59N/AN/A3,459,7393,216,8273,162,0865,238,494
2026-02-04$607.20$620.0023.3%6.9%15.7%24.1%24.6%8.0%-0.4%-6.68B37.35B-584.7M1.134.77N/AN/A3,184,7253,610,1513,425,5305,375,836
2026-02-05$596.29$610.0026.0%7.2%16.8%31.6%25.9%8.7%-0.7%-7.60B64.87B-595.1M1.073.83N/AN/A2,991,9443,205,3993,685,3015,579,002
2026-02-06$609.78$610.0021.2%6.1%18.8%18.2%22.6%7.6%-0.2%271.8M12.46B-592.3M1.142.60N/AN/A2,341,3082,680,3793,773,5995,649,802
2026-02-09$615.04$609.0020.3%5.9%18.6%15.6%22.6%7.8%0.2%-1.03B-540.1M-584.1M1.122.82N/AN/A2,162,1502,415,1793,464,9115,543,338
2026-02-10$612.28$608.0020.5%5.9%18.7%16.1%21.4%8.0%0.1%-4.82B12.93B-590.0M1.092.47N/AN/A2,259,0432,470,6703,473,6175,719,083
2026-02-11$613.65$609.0020.2%5.8%18.6%15.3%21.6%7.8%0.1%-3.47B9.71B-596.5M1.112.56N/AN/A2,529,2512,812,3983,521,0605,884,815
2026-02-12$601.41$608.0023.9%6.8%19.6%25.6%24.5%9.1%-0.3%-8.95B50.71B-611.5M1.212.76N/AN/A2,936,5213,559,8423,550,9695,948,448
2026-02-13$600.64$608.0023.7%6.8%19.5%25.3%23.9%9.0%-0.2%-8.54B48.55B-615.4M1.213.29N/AN/A2,365,7182,867,0083,658,3236,017,358
2026-02-17$601.18$608.0023.1%6.6%19.5%23.5%24.2%8.6%-0.5%-7.48B43.67B-595.2M1.353.31N/AN/A2,488,5963,366,9683,507,0455,902,513
2026-02-18$605.56$605.0021.8%6.2%18.1%19.8%22.3%8.9%-0.3%-4.41B24.40B-601.0M1.402.78N/AN/A2,346,2153,273,0233,633,7706,041,852
2026-02-19$602.19$605.0022.9%6.6%17.3%22.9%23.8%9.3%-0.4%-8.75B37.18B-604.6M1.193.31N/AN/A2,158,6582,559,6183,725,1506,134,150
2026-02-20$608.41$605.0021.7%6.2%17.6%19.5%23.5%9.3%-0.3%-2.83B9.59B-599.9M1.343.11N/AN/A2,628,1103,513,7623,762,6756,077,616
2026-02-23$600.38$605.0023.8%7.0%18.0%25.4%24.8%9.4%-0.6%-7.89B35.12B-594.3M1.062.74N/AN/A2,624,3022,770,5263,164,6675,386,222
2026-02-24$608.02$605.0021.8%6.4%18.5%19.9%23.4%9.2%-0.4%-627.2M8.95B-595.2M1.282.90N/AN/A2,090,3162,683,1583,299,8695,513,585
2026-02-25$615.97$604.0020.1%5.8%19.0%15.1%22.1%8.4%-0.3%1.00B-13.93B-590.9M1.152.74N/AN/A1,677,9441,933,1553,334,8225,603,503
2026-02-26$608.87$605.0020.7%6.1%19.3%16.8%22.2%8.5%-0.4%-4.45B13.92B-593.1M1.213.57N/AN/A2,771,2443,346,2063,482,3755,745,498
2026-02-27$606.07$605.0021.5%6.4%19.1%19.0%23.1%9.6%-0.5%-5.24B21.72B-602.9M1.333.50N/AN/A2,198,6362,913,7363,542,4825,829,761