TQQQ Options History — February 2025

In February 2025, TQQQ traded between $36.13 and $45.09. ATM implied volatility averaged 54.9%, placing in the 25.4% IV rank vs the trailing year. The 30-day expected move averaged 16.1%. IV traded above realized volatility by 1.5% (HV 20d: 53.4%). Max pain ranged from $38.50 to $40.00. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.72.

Notable Days

  • 2025-02-07: Highest Volume — 927,370 contracts
  • 2025-02-27: Largest IV spike — 14.9% change
  • 2025-02-27: Highest IV Rank — 50.4%
  • 2025-02-27: Largest Expected Move — 21.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.74$36.13$45.09$40.50$36.59
Max Pain$39.63$38.50$40.00$40.00$40.00
ATM IV54.9%47.5%71.3%59.5%66.3%
Expected Move16.1%13.8%21.4%17.4%20.1%
HV 20d53.4%41.2%64.0%64.0%49.9%
HV 60d56.4%54.0%59.0%59.0%58.6%
IV Rank25.4%14.0%50.4%32.5%42.9%
IV Percentile58.2%27.8%97.2%79.4%93.3%
Term Structure-0.2%-4.9%3.0%-4.9%-2.0%
VWIV56.7%50.6%67.7%61.2%66.6%
Skew 25d15.8%10.2%25.6%19.2%25.6%
Skew 10d30.4%23.6%48.3%36.3%48.3%
Call IV 25d47.3%41.8%60.4%49.0%50.5%
Put IV 25d63.1%54.3%80.2%68.2%76.2%
Bid-Ask Spread %6.154.619.246.609.24
Gamma HHI0.060.030.310.030.04
Net GEX27.5M-13.4M120.1M11.0M-9.4M
Net DEX-900.2M-2.10B514.2M-634.8M196.1M
Net VEX-7.1M-7.4M-6.6M-7.1M-6.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.461.090.730.56
Total Volume529,323.263249,086927,370570,656833,902
Total OI1,546,273.8951,327,6361,811,1081,344,1181,811,108

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$40.50$40.0059.5%17.4%64.0%32.5%61.2%19.2%-4.9%11.0M-634.8M-7.1M0.736.60N/AN/A329,852240,804762,252581,866
2025-02-04$41.75$40.0056.9%15.9%62.5%28.4%56.2%15.4%-0.4%25.6M-1.04B-7.4M0.816.37N/AN/A180,500146,128837,962649,720
2025-02-05$42.02$40.0049.8%15.1%61.6%17.6%52.7%10.2%1.7%31.2M-1.10B-7.3M0.826.13N/AN/A198,974163,004875,678680,558
2025-02-06$42.69$38.5051.9%15.2%58.1%20.8%53.2%13.4%-0.2%53.4M-1.38B-7.2M0.794.61N/AN/A222,220176,180918,010697,970
2025-02-07$41.38$39.0053.3%15.4%59.3%22.8%54.8%13.9%-0.7%23.5M-853.3M-7.1M0.465.89N/AN/A634,516292,854955,814714,678
2025-02-10$42.85$39.0051.6%14.8%57.4%20.3%57.5%14.2%0.3%34.9M-1.23B-7.3M0.794.85N/AN/A197,940155,824803,678600,124
2025-02-11$42.48$39.0051.6%14.9%57.2%20.3%53.9%14.3%0.5%36.6M-1.10B-7.3M0.834.93N/AN/A136,356112,730866,276643,840
2025-02-12$42.53$39.0051.7%15.0%56.9%20.5%56.6%13.9%0.4%38.3M-1.12B-7.2M0.825.05N/AN/A232,368190,734878,886660,586
2025-02-13$44.20$39.0049.5%14.5%51.0%17.1%52.7%13.2%1.2%77.1M-1.76B-7.2M0.895.55N/AN/A313,472279,290897,278694,136
2025-02-14$44.95$39.5047.5%13.8%50.7%14.0%50.6%12.5%1.0%120.1M-2.10B-7.1M0.776.19N/AN/A302,018231,454928,346750,642
2025-02-18$44.78$40.0049.2%14.1%49.2%16.7%51.8%13.3%3.0%36.3M-1.48B-7.1M0.845.66N/AN/A185,538156,014772,280625,424
2025-02-19$45.09$40.0048.0%13.8%49.1%14.8%51.4%12.9%1.0%46.2M-1.63B-7.0M1.095.65N/AN/A157,278170,680820,368660,932
2025-02-20$44.47$40.0048.2%13.9%47.4%15.2%51.6%13.8%-0.2%29.7M-1.38B-7.1M0.636.26N/AN/A282,224179,090839,580697,346
2025-02-21$41.78$40.0054.9%15.8%52.4%25.4%55.7%18.1%0.3%-13.0M-393.1M-6.8M0.726.18N/AN/A483,182350,018864,132724,928
2025-02-24$40.83$40.0058.4%17.0%52.8%30.6%60.2%18.1%-1.0%1.8M-421.9M-6.9M0.615.47N/AN/A340,476207,348739,434588,202
2025-02-25$38.83$40.0062.1%18.4%45.2%36.4%62.0%19.6%-1.5%-8.1M12.6M-6.8M0.547.09N/AN/A437,164234,300828,258661,080
2025-02-26$39.15$40.0062.0%18.6%41.2%36.2%61.7%18.1%-0.4%36.1K-180.0M-7.2M0.496.91N/AN/A356,466174,194912,780702,374
2025-02-27$36.13$40.0071.3%21.4%49.6%50.4%67.7%19.8%-1.5%-13.4M514.2M-6.6M0.538.29N/AN/A505,740266,3101,000,066732,612
2025-02-28$36.59$40.0066.3%20.1%49.9%42.9%66.6%25.6%-2.0%-9.4M196.1M-6.8M0.569.24N/AN/A533,700300,2021,108,480702,628