QQQI Options History — September 2025

In September 2025, QQQI traded between $52.36 and $54.78. ATM implied volatility averaged 10.9%, placing in the 6.3% IV rank vs the trailing year. The 30-day expected move averaged 3.1%. IV traded above realized volatility by 1.1% (HV 20d: 9.7%). Max pain ranged from $52.00 to $54.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 1.27.

Notable Days

  • 2025-09-24: Highest Volume — 1,458 contracts
  • 2025-09-24: Largest IV spike — 32.7% change
  • 2025-09-02: Highest IV Rank — 8.7%
  • 2025-09-02: Largest Expected Move — 3.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.80$52.36$54.78$52.36$54.13
Max Pain$53.14$52.00$54.00$53.00$54.00
ATM IV10.9%9.1%12.9%12.9%11.0%
Expected Move3.1%2.6%3.7%3.7%3.2%
HV 20d9.7%6.7%11.6%11.5%7.4%
HV 60d10.2%9.6%10.7%10.6%9.8%
IV Rank6.3%4.2%8.7%8.7%6.4%
IV Percentile33.2%15.8%48.0%47.6%37.7%
Term Structure1.0%0.0%2.5%0.4%1.6%
VWIV11.7%9.9%14.7%12.9%11.7%
Skew 25d3.4%0.4%5.6%5.2%3.9%
Skew 10d8.7%3.2%13.8%10.7%9.3%
Call IV 25d9.6%7.7%11.1%9.0%9.7%
Put IV 25d12.9%10.7%15.1%14.2%13.5%
Bid-Ask Spread %82.3656.28107.5656.2876.46
Gamma HHI0.260.200.420.220.27
Net GEX323.6K-549.4K1.3M-549.4K290.0K
Net DEX-6.5M-16.0M3.5M3.5M-3.0M
Net VEX-36.1K-49.9K-23.7K-37.2K-46.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.270.333.190.590.79
Total Volume859.6674291,4581,102510
Total OI9,312.3337,36811,5167,3689,531

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$52.36$53.0012.9%3.7%11.5%8.7%12.9%5.2%0.4%-549.4K3.5M-37.2K0.5956.28N/AN/A6944082,9224,446
2025-09-03$52.64$53.0010.3%3.0%11.6%5.6%11.3%5.5%1.1%-482.2K1.1M-39.1K3.1764.99N/AN/A1033263,3714,738
2025-09-04$53.08$52.0010.7%2.9%11.4%6.0%12.2%3.0%0.3%-131.8K-1.9M-37.3K0.85106.57N/AN/A2331973,4134,978
2025-09-05$53.14$52.0010.9%3.1%11.4%6.3%11.0%4.3%0.7%-106.6K-2.2M-35.6K0.4093.80N/AN/A8963563,3745,045
2025-09-08$53.39$52.0010.8%3.2%11.1%6.2%11.1%3.5%1.6%180.8K-7.3M-33.0K1.09107.56N/AN/A2642894,0815,178
2025-09-09$53.48$52.0012.3%3.2%11.1%8.0%12.4%5.5%0.0%210.0K-7.2M-35.3K3.1991.18N/AN/A1354314,1895,199
2025-09-10$53.48$53.0010.5%3.0%10.7%5.8%11.7%3.2%2.1%251.7K-6.6M-34.6K1.99102.40N/AN/A1643264,2745,308
2025-09-11$53.78$53.009.7%2.8%10.9%4.8%11.8%2.8%0.7%737.7K-10.0M-30.7K0.8299.47N/AN/A3132564,2865,404
2025-09-12$53.91$53.009.7%2.8%10.9%4.9%10.6%3.5%0.5%914.9K-11.1M-30.3K0.6195.41N/AN/A6183764,4345,384
2025-09-15$54.14$53.0010.1%2.9%10.9%5.4%11.2%2.3%0.7%1.3M-12.8M-29.9K1.17101.10N/AN/A4204914,5975,596
2025-09-16$54.17$53.0010.7%3.1%10.9%6.1%12.5%1.2%0.6%1.1M-12.4M-31.4K1.3277.89N/AN/A6228224,6925,795
2025-09-17$54.13$53.0010.5%3.0%10.2%5.8%10.9%0.4%0.9%942.0K-12.3M-32.5K1.0983.74N/AN/A2933194,8836,191
2025-09-18$54.44$53.0011.0%3.1%8.1%6.4%12.7%2.1%0.3%950.9K-15.6M-28.6K1.7070.27N/AN/A3355694,9826,285
2025-09-19$54.59$53.0010.7%3.1%7.7%6.0%10.4%3.8%1.6%807.3K-16.0M-29.4K0.4767.03N/AN/A8554025,0026,514
2025-09-22$54.78$54.009.1%2.6%6.7%4.2%9.9%2.0%2.5%505.6K-11.4M-23.7K0.8268.17N/AN/A5864833,5244,368
2025-09-23$54.61$54.009.3%2.7%6.9%4.4%10.6%1.7%1.4%387.4K-10.3M-28.9K0.8868.45N/AN/A6285523,9164,579
2025-09-24$53.84$54.0012.4%3.5%8.9%8.0%12.9%3.5%0.8%-187.9K248.0K-46.1K1.7871.28N/AN/A5249342,9764,967
2025-09-25$53.72$54.0012.4%3.6%9.0%8.1%12.7%3.6%1.0%-310.5K839.2K-49.9K0.5969.97N/AN/A3672153,3815,490
2025-09-26$53.91$54.0011.7%3.4%8.8%7.3%14.7%4.1%1.2%-107.4K-548.9K-48.9K3.0576.97N/AN/A2367193,5065,565
2025-09-29$54.09$54.0011.5%3.3%8.1%7.0%11.2%5.6%0.4%72.3K-1.6M-49.1K0.3380.57N/AN/A5921943,6095,586
2025-09-30$54.13$54.0011.0%3.2%7.4%6.4%11.7%3.9%1.6%290.0K-3.0M-46.2K0.7976.46N/AN/A2852253,9075,624