QQQI Options History — May 2025

In May 2025, QQQI traded between $48.33 and $50.92. ATM implied volatility averaged 18.1%, placing in the 13.9% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded below realized volatility by 8.4% (HV 20d: 26.5%). Max pain ranged from $47.00 to $50.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.74.

Notable Days

  • 2025-05-12: Highest Volume — 664 contracts
  • 2025-05-20: Largest IV drop — 40.3% change
  • 2025-05-12: Highest IV Rank — 23.0%
  • 2025-05-06: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.80$48.33$50.92$48.33$50.30
Max Pain$48.62$47.00$50.00$47.00$50.00
ATM IV18.1%11.4%25.6%21.4%13.2%
Expected Move5.0%3.3%6.4%6.1%3.8%
HV 20d26.5%14.0%55.5%55.5%14.1%
HV 60d36.5%36.2%36.7%36.3%36.3%
IV Rank13.9%6.2%23.0%15.5%8.4%
IV Percentile50.8%21.9%84.7%57.9%30.6%
Term Structure2.1%-6.7%7.5%-6.7%1.3%
VWIV16.4%12.0%22.0%19.8%13.6%
Skew 25d2.9%-4.5%8.8%3.8%5.1%
Skew 10d7.2%-8.1%23.9%20.1%7.3%
Call IV 25d14.7%8.5%23.5%17.9%10.3%
Put IV 25d17.5%12.6%23.9%21.7%15.4%
Bid-Ask Spread %110.9397.60121.13106.27104.94
Gamma HHI0.270.190.460.190.29
Net GEX213.4K77.7K433.8K102.7K383.9K
Net DEX-1.6M-3.0M-496.7K-632.1K-1.5M
Net VEX-11.3K-16.6K-7.6K-8.4K-16.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.082.690.252.69
Total Volume226.47638664192229
Total OI2,3731,7793,2571,8243,257

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$48.33$47.0021.4%6.1%55.5%0.0%19.8%3.8%-6.7%102.7K-632.1K-8.4K0.25106.27N/AN/A15339873951
2025-05-02$48.70$47.0018.4%5.3%53.0%0.0%18.4%3.2%-0.1%136.1K-964.8K-9.0K0.08109.78N/AN/A15913930974
2025-05-05$48.58$47.0019.3%5.2%49.7%15.5%18.7%-4.5%6.1%114.3K-649.4K-8.3K1.12120.95N/AN/A3438890977
2025-05-06$48.37$47.0023.2%6.4%49.1%20.2%22.0%2.7%1.5%104.4K-496.7K-8.2K0.61117.93N/AN/A31199121,012
2025-05-07$48.44$47.0024.3%6.1%47.9%21.6%16.9%3.9%2.3%97.1K-721.1K-8.1K0.26121.13N/AN/A119319031,039
2025-05-08$48.86$47.0019.8%5.8%29.4%16.1%19.4%8.8%-1.8%149.8K-1.0M-8.8K0.46113.64N/AN/A46211,0131,065
2025-05-09$48.73$47.0018.5%5.6%24.3%14.6%0.0%6.3%6.8%167.8K-968.3K-8.7K1.38115.74N/AN/A16221,0431,070
2025-05-12$50.00$48.0025.6%5.4%24.2%23.0%20.9%2.6%3.7%221.7K-2.1M-7.6K0.15113.03N/AN/A575891,0521,079
2025-05-13$50.67$49.0019.7%4.6%24.2%16.1%16.1%-3.7%1.0%249.7K-3.0M-9.3K0.53114.48N/AN/A97511,2891,114
2025-05-14$50.71$49.0018.8%5.4%24.1%15.0%14.8%-4.3%1.6%216.1K-2.7M-9.7K0.30112.75N/AN/A104311,2541,142
2025-05-15$50.74$49.0018.5%5.3%19.6%14.6%16.2%-2.1%7.0%140.2K-2.8M-9.7K0.28117.47N/AN/A215601,2651,148
2025-05-16$50.92$49.0015.2%4.4%19.6%10.8%14.6%3.6%3.5%77.7K-2.9M-10.4K1.58117.31N/AN/A1081711,3771,190
2025-05-19$50.92$49.0019.1%5.5%15.4%15.4%14.1%4.3%7.1%213.9K-1.8M-9.9K0.41104.55N/AN/A166681,016763
2025-05-20$50.83$49.0011.4%3.3%14.0%6.2%12.8%2.0%7.5%251.8K-1.9M-11.1K0.17106.23N/AN/A489831,156812
2025-05-21$49.89$50.0015.8%4.5%16.4%11.5%15.9%5.1%-2.0%264.8K-1.4M-14.8K0.97106.13N/AN/A2152091,549888
2025-05-22$50.01$50.0016.7%4.8%14.6%12.5%15.3%4.8%2.3%265.8K-1.3M-15.2K0.54109.11N/AN/A159861,6641,056
2025-05-23$49.70$50.0018.7%5.4%14.8%14.9%18.6%2.1%-0.9%197.5K-741.0K-16.5K0.5899.14N/AN/A114661,6761,190
2025-05-27$50.34$50.0013.9%4.0%15.2%9.2%14.2%4.2%3.4%315.4K-1.4M-14.9K0.3997.60N/AN/A232911,7561,253
2025-05-28$50.33$50.0014.5%4.2%15.3%9.9%13.8%5.5%-1.6%377.5K-1.8M-16.3K1.76116.05N/AN/A50881,8081,300
2025-05-29$50.33$50.0013.4%3.8%15.1%8.6%12.0%6.8%1.9%433.8K-2.0M-15.8K0.99105.29N/AN/A85841,8521,275
2025-05-30$50.30$50.0013.2%3.8%14.1%8.4%13.6%5.1%1.3%383.9K-1.5M-16.6K2.69104.94N/AN/A621671,9121,345