QQQI Options History — July 2025

In July 2025, QQQI traded between $51.70 and $53.09. ATM implied volatility averaged 8.3%, placing in the 3.0% IV rank vs the trailing year. The 30-day expected move averaged 2.5%. IV traded below realized volatility by 0.8% (HV 20d: 9.0%). Max pain ranged from $51.00 to $53.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 1.30.

Notable Days

  • 2025-07-22: Highest Volume — 1,124 contracts
  • 2025-07-09: Largest IV spike — 83.4% change
  • 2025-07-16: Highest IV Rank — 6.7%
  • 2025-07-03: Largest Expected Move — 3.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$52.51$51.70$53.09$51.70$52.72
Max Pain$51.95$51.00$53.00$51.00$53.00
ATM IV8.3%5.5%11.4%8.5%7.0%
Expected Move2.5%1.6%3.4%2.4%2.0%
HV 20d9.0%6.8%10.6%10.3%6.8%
HV 60d16.3%10.6%31.7%31.7%10.6%
IV Rank3.0%0.0%6.7%2.8%1.7%
IV Percentile7.6%0.0%29.1%4.2%2.7%
Term Structure2.5%-2.4%8.2%1.2%0.9%
VWIV9.1%6.3%12.7%7.7%8.8%
Skew 25d3.6%1.6%5.5%2.6%3.6%
Skew 10d9.0%1.9%18.8%6.2%8.1%
Call IV 25d7.2%4.8%9.4%7.0%6.2%
Put IV 25d10.8%8.3%14.0%9.6%9.8%
Bid-Ask Spread %97.6481.63109.00100.3490.60
Gamma HHI0.330.210.580.280.27
Net GEX583.7K90.1K1.2M412.2K353.6K
Net DEX-3.0M-5.7M-437.3K-1.9M-1.7M
Net VEX-19.7K-24.2K-15.7K-19.6K-23.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.300.193.100.841.09
Total Volume360.3641331,124214192
Total OI4,943.54,1515,9284,2645,065

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$51.70$51.008.5%2.4%10.3%2.8%7.7%2.6%1.2%412.2K-1.9M-19.6K0.84100.34N/AN/A116982,1532,111
2025-07-02$51.89$51.007.3%2.1%10.1%1.4%8.3%5.1%2.8%638.8K-2.8M-18.4K2.54109.00N/AN/A1343412,2022,160
2025-07-03$52.33$51.008.1%3.4%10.5%2.3%11.8%5.3%2.3%681.5K-3.7M-19.2K1.46106.66N/AN/A54792,2662,366
2025-07-07$52.00$51.007.4%3.4%10.6%1.6%10.3%4.2%2.6%727.7K-2.8M-16.7K0.56102.80N/AN/A4682602,2762,388
2025-07-08$52.09$51.005.7%2.7%10.4%0.0%10.3%4.3%2.2%939.8K-3.6M-17.1K2.64100.07N/AN/A471242,5272,528
2025-07-09$52.39$51.0010.4%3.0%10.5%5.6%12.7%4.2%-2.4%1.2M-4.2M-18.5K1.6799.87N/AN/A1161942,5182,581
2025-07-10$52.41$51.009.3%2.7%10.5%4.2%8.7%2.6%8.2%922.5K-4.3M-17.7K0.7097.02N/AN/A134942,5402,673
2025-07-11$52.33$51.009.8%2.8%10.5%4.9%10.0%2.6%4.7%860.2K-3.9M-19.6K3.10101.84N/AN/A501552,5422,692
2025-07-14$52.41$52.009.8%2.8%10.5%4.9%10.0%2.8%0.9%787.4K-3.5M-19.4K2.16102.50N/AN/A1503242,5222,808
2025-07-15$52.58$52.0010.0%2.9%9.8%5.1%9.3%2.0%2.9%694.7K-4.3M-20.7K0.9199.77N/AN/A1601462,6193,090
2025-07-16$52.59$52.0011.4%3.3%9.0%6.7%10.1%4.0%5.1%762.8K-4.8M-17.4K2.5195.54N/AN/A431082,6763,059
2025-07-17$52.89$52.007.1%2.0%8.8%1.6%8.8%1.8%3.5%795.2K-5.7M-15.7K1.6292.31N/AN/A1051702,6943,137
2025-07-18$52.85$52.007.3%2.1%8.8%1.9%7.4%1.6%3.6%764.9K-5.5M-17.2K0.73100.23N/AN/A3362452,7123,216
2025-07-21$53.09$52.006.9%2.0%8.5%1.5%6.3%2.6%3.6%386.0K-2.8M-18.4K0.4190.16N/AN/A4741941,8352,316
2025-07-22$52.94$52.007.8%2.2%8.4%2.5%8.6%3.9%2.6%282.4K-2.4M-17.9K0.2297.77N/AN/A9212032,0302,431
2025-07-23$52.39$53.0010.0%2.9%8.6%5.1%8.5%5.5%6.3%90.1K-437.3K-22.6K0.5981.63N/AN/A2581521,8272,547
2025-07-24$52.59$53.007.4%2.1%7.5%2.1%7.7%4.0%1.5%202.4K-1.2M-23.0K0.1991.34N/AN/A204392,0462,580
2025-07-25$52.70$53.008.6%2.5%7.3%3.5%8.9%3.8%1.1%196.7K-1.3M-24.1K0.5195.36N/AN/A104532,0832,604
2025-07-28$52.80$53.007.6%2.2%7.3%2.2%8.3%4.9%2.1%310.8K-1.7M-22.1K0.7097.27N/AN/A1431002,0812,619
2025-07-29$52.78$53.005.5%1.6%7.2%0.0%7.7%3.3%-0.9%413.4K-1.8M-21.6K0.9297.76N/AN/A1651522,1342,648
2025-07-30$52.72$53.008.7%2.5%6.8%3.7%9.2%3.7%-0.6%369.9K-1.7M-24.2K2.6398.21N/AN/A892342,2222,633
2025-07-31$52.72$53.007.0%2.0%6.8%1.7%8.8%3.6%0.9%353.6K-1.7M-23.3K1.0990.60N/AN/A921002,2362,829