QQQI Options History — November 2025

In November 2025, QQQI traded between $52.20 and $55.70. ATM implied volatility averaged 16.0%, placing in the 12.3% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded below realized volatility by 0.9% (HV 20d: 16.9%). Max pain ranged from $54.00 to $55.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.70.

Notable Days

  • 2025-11-24: Highest Volume — 3,784 contracts
  • 2025-11-06: Largest IV spike — 38.9% change
  • 2025-11-20: Highest IV Rank — 19.1%
  • 2025-11-20: Largest Expected Move — 6.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$54.16$52.20$55.70$55.70$54.25
Max Pain$54.63$54.00$55.00$54.00$54.00
ATM IV16.0%12.4%21.8%12.4%14.5%
Expected Move4.5%3.6%6.3%3.6%4.2%
HV 20d16.9%15.2%18.8%15.3%18.7%
HV 60d13.2%11.5%14.6%11.5%14.4%
IV Rank12.3%8.1%19.1%8.1%10.5%
IV Percentile65.3%48.4%86.5%48.4%59.9%
Term Structure-0.2%-7.6%3.8%1.2%2.2%
VWIV15.6%12.6%20.3%12.6%13.6%
Skew 25d4.6%1.6%8.4%3.4%4.4%
Skew 10d9.0%2.2%14.9%13.0%12.8%
Call IV 25d13.9%11.0%17.0%11.2%12.2%
Put IV 25d18.5%14.6%25.3%14.6%16.7%
Bid-Ask Spread %80.6560.9099.1178.7760.90
Gamma HHI0.210.130.350.270.31
Net GEX637.0K-2.0M2.8M2.7M1.8M
Net DEX-2.5M-18.0M21.2M-18.0M-9.0M
Net VEX-62.7K-73.4K-43.3K-59.6K-73.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.211.450.210.29
Total Volume1,866.8958293,7841,199996
Total OI16,396.0539,65519,47214,11014,036

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$55.70$54.0012.4%3.6%15.3%8.1%12.6%3.4%1.2%2.7M-18.0M-59.6K0.2178.77N/AN/A9892107,4706,640
2025-11-04$54.91$54.0013.6%3.9%16.1%9.4%13.4%5.1%0.2%2.2M-10.9M-66.5K0.6064.20N/AN/A9305607,9186,700
2025-11-05$55.25$54.0012.6%3.6%16.0%8.3%14.0%3.9%2.3%2.8M-14.1M-65.9K1.3465.39N/AN/A3825127,9786,925
2025-11-06$54.31$55.0017.5%4.9%17.2%14.0%15.3%4.0%-0.2%1.4M-5.7M-68.5K1.1198.31N/AN/A1,0581,1738,1757,232
2025-11-07$54.02$55.0015.9%4.5%15.2%12.2%16.6%3.7%1.0%36.7K1.5M-67.6K0.7186.07N/AN/A2,0201,4368,0178,193
2025-11-10$55.20$55.0017.4%4.1%16.4%14.0%13.7%5.4%-0.5%1.7M-13.1M-70.0K0.3679.41N/AN/A9433388,6889,025
2025-11-11$55.09$55.0014.9%4.1%16.2%11.0%15.2%4.8%-3.8%2.1M-13.8M-67.3K0.5799.11N/AN/A6703798,9419,087
2025-11-12$55.02$55.0014.9%4.3%16.1%11.0%15.4%2.8%0.8%1.9M-12.3M-65.9K0.7679.80N/AN/A4713589,1569,273
2025-11-13$54.06$55.0018.0%5.2%17.2%14.6%17.1%3.4%-2.0%281.8K-754.0K-66.4K0.7185.70N/AN/A8435999,2509,308
2025-11-14$54.11$55.0016.6%4.7%17.0%12.9%16.6%4.6%1.8%351.3K-1.3M-64.6K0.9290.83N/AN/A1,0259389,2019,281
2025-11-17$53.48$55.0017.6%5.0%16.9%14.1%16.8%3.8%-2.9%-889.1K6.4M-57.6K1.4585.21N/AN/A9631,3978,9119,805
2025-11-18$53.20$55.0018.8%5.4%16.9%15.6%19.5%4.9%-0.7%-1.2M11.0M-57.1K0.8380.78N/AN/A9527949,09910,111
2025-11-19$53.37$55.0018.0%5.2%15.5%14.6%16.9%7.6%-3.0%-1.1M6.7M-59.0K0.3287.03N/AN/A1,3024229,0699,999
2025-11-20$52.20$55.0021.8%6.3%16.9%19.1%20.3%8.4%-7.6%-2.0M21.2M-46.3K0.4287.12N/AN/A1,8547779,41410,010
2025-11-21$52.72$55.0016.2%4.6%17.1%12.5%17.0%1.6%3.8%-2.0M17.3M-43.3K0.9881.26N/AN/A1,4271,3999,4829,990
2025-11-24$53.91$54.0015.9%4.6%18.8%12.2%16.3%6.6%1.2%211.0K-1.3M-56.7K0.8571.13N/AN/A2,0471,7375,1774,478
2025-11-25$54.17$54.0013.6%3.9%18.7%9.5%12.7%4.1%1.9%446.4K-3.6M-61.5K0.2289.34N/AN/A1,6593616,2475,863
2025-11-26$54.09$54.0013.9%4.0%18.7%9.8%14.2%4.2%0.9%1.4M-6.8M-73.1K0.5962.06N/AN/A9735777,3236,053
2025-11-28$54.25$54.0014.5%4.2%18.7%10.5%13.6%4.4%2.2%1.8M-9.0M-73.4K0.2960.90N/AN/A7742227,8586,178