TQQQ Options History — April 2025

In April 2025, TQQQ traded between $18.78 and $30.05. ATM implied volatility averaged 93.5%, placing in the 57.2% IV rank vs the trailing year. The 30-day expected move averaged 26.6%. IV traded below realized volatility by 61.9% (HV 20d: 155.4%). Max pain ranged from $23.00 to $30.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.63.

Notable Days

2025-04-09: Highest Volume — 1,542,398 contracts
2025-04-09: Largest IV drop — 39.0% change
2025-04-04: Highest IV Rank — 100.0%
2025-04-08: Largest Expected Move — 38.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.47	$18.78	$30.05	$29.14	$27.02
Max Pain	$25.55	$23.00	$30.00	$30.00	$25.00
ATM IV	93.5%	68.0%	144.1%	68.9%	78.3%
Expected Move	26.6%	19.0%	38.7%	19.5%	23.5%
HV 20d	155.4%	89.0%	183.1%	89.0%	180.0%
HV 60d	104.4%	69.4%	118.1%	69.9%	118.1%
IV Rank	57.2%	33.8%	100.0%	46.9%	37.8%
IV Percentile	95.4%	88.9%	100.0%	91.3%	90.5%
Term Structure	-2.4%	-10.9%	2.2%	-2.1%	-3.4%
VWIV	90.7%	64.3%	115.7%	67.1%	84.7%
Skew 25d	30.1%	17.6%	60.1%	25.3%	24.1%
Skew 10d	51.9%	36.1%	76.9%	60.5%	68.7%
Call IV 25d	77.3%	56.6%	108.1%	56.6%	64.3%
Put IV 25d	107.4%	77.4%	168.2%	81.9%	88.4%
Bid-Ask Spread %	19.68	11.50	35.33	11.50	13.49
Gamma HHI	0.05	0.03	0.16	0.03	0.04
Net GEX	15.1M	-5.6M	35.6M	13.7M	21.2M
Net DEX	-256.6M	-1.19B	687.1M	-146.4M	-818.0M
Net VEX	-6.7M	-8.2M	-4.6M	-6.6M	-8.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.63	0.44	1.08	0.50	0.88
Total Volume	902,627.048	418,070	1,542,398	418,070	650,274
Total OI	2,296,359.619	1,748,682	2,921,232	1,748,682	2,308,796

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-04-01	$29.14	$30.00	68.9%	19.5%	89.0%	46.9%	67.1%	25.3%	-2.1%	13.7M	-146.4M	-6.6M	0.50	11.50	N/A	N/A	279,414	138,656	1,131,528	617,154
2025-04-02	$30.05	$30.00	68.0%	19.0%	89.5%	45.5%	64.3%	17.6%	-1.1%	19.6M	-348.1M	-6.8M	0.64	12.20	N/A	N/A	317,158	202,154	1,171,392	648,602
2025-04-03	$25.33	$30.00	86.2%	23.8%	102.5%	73.3%	79.3%	22.7%	-3.1%	-5.6M	557.7M	-5.2M	0.63	12.21	N/A	N/A	620,552	392,634	1,234,190	676,214
2025-04-04	$21.68	$29.50	114.0%	31.7%	113.4%	100.0%	97.0%	37.0%	-5.0%	-1.6M	687.1M	-4.6M	0.56	32.82	N/A	N/A	984,596	551,314	1,398,814	701,688
2025-04-07	$20.31	$27.50	129.4%	34.2%	108.5%	100.0%	114.3%	38.6%	-8.8%	3.4M	376.2M	-4.6M	0.56	20.24	N/A	N/A	856,886	476,544	1,320,416	625,658
2025-04-08	$18.78	$25.00	144.1%	38.7%	109.7%	100.0%	115.7%	60.1%	1.7%	3.2M	427.4M	-4.6M	0.64	26.19	N/A	N/A	664,324	424,916	1,565,202	747,896
2025-04-09	$26.04	$25.00	87.9%	24.4%	165.8%	46.9%	89.4%	35.1%	-1.7%	24.1M	-730.8M	-7.5M	0.56	28.52	N/A	N/A	989,200	553,198	1,697,000	805,788
2025-04-10	$22.35	$25.00	120.5%	33.5%	172.7%	77.7%	108.6%	47.3%	-2.7%	9.3M	58.3M	-6.3M	0.58	35.33	N/A	N/A	969,504	557,708	1,751,318	908,804
2025-04-11	$24.30	$24.50	102.4%	28.5%	173.7%	60.6%	103.6%	46.1%	-3.4%	30.2M	-449.0M	-7.2M	0.55	19.94	N/A	N/A	715,054	391,342	1,950,486	970,746
2025-04-14	$25.23	$24.50	89.1%	25.3%	173.7%	48.0%	86.2%	29.4%	-10.9%	18.6M	-388.2M	-7.2M	0.53	20.69	N/A	N/A	486,360	259,890	1,613,556	752,374
2025-04-15	$24.83	$25.00	84.5%	24.2%	172.6%	43.7%	85.3%	29.4%	-1.1%	17.8M	-312.0M	-7.1M	0.71	20.51	N/A	N/A	316,592	223,568	1,683,758	797,728
2025-04-16	$22.11	$25.00	98.6%	28.3%	175.0%	57.0%	93.6%	30.8%	-1.7%	2.4M	204.9M	-6.0M	0.63	17.55	N/A	N/A	598,380	375,822	1,725,946	824,114
2025-04-17	$22.66	$24.00	91.6%	26.4%	175.6%	50.4%	87.0%	26.6%	-2.9%	5.5M	30.2M	-6.3M	0.51	24.67	N/A	N/A	486,694	250,614	1,837,444	847,922
2025-04-21	$20.70	$24.00	104.8%	30.7%	177.6%	62.8%	104.3%	22.4%	-2.2%	3.8M	123.3M	-5.6M	0.44	18.29	N/A	N/A	494,102	218,498	1,405,318	652,536
2025-04-22	$22.41	$23.00	95.7%	28.2%	177.8%	54.2%	97.9%	23.9%	-3.1%	13.1M	-200.2M	-6.5M	0.58	18.14	N/A	N/A	495,364	289,780	1,526,934	703,932
2025-04-23	$23.99	$23.00	89.3%	26.3%	180.2%	48.2%	90.4%	22.9%	0.2%	20.8M	-501.8M	-7.1M	0.55	20.00	N/A	N/A	588,582	321,580	1,558,146	749,956
2025-04-24	$25.98	$23.50	81.7%	24.3%	182.6%	41.0%	86.4%	19.9%	-2.4%	31.6M	-970.6M	-7.9M	0.73	16.87	N/A	N/A	507,604	372,260	1,603,220	787,370
2025-04-25	$26.71	$24.00	76.4%	23.1%	183.1%	36.0%	82.6%	27.9%	0.9%	35.6M	-1.19B	-8.1M	0.61	12.22	N/A	N/A	594,988	361,686	1,707,646	852,456
2025-04-28	$26.92	$24.50	77.0%	23.2%	180.0%	36.5%	85.1%	23.1%	2.2%	23.1M	-840.3M	-8.1M	0.71	15.09	N/A	N/A	302,154	214,990	1,422,306	703,700
2025-04-29	$27.36	$24.50	74.1%	22.5%	180.1%	33.8%	81.4%	21.6%	-0.6%	26.2M	-958.5M	-8.2M	1.08	16.77	N/A	N/A	221,542	238,690	1,478,832	756,666
2025-04-30	$27.02	$25.00	78.3%	23.5%	180.0%	37.8%	84.7%	24.1%	-3.4%	21.2M	-818.0M	-8.1M	0.88	13.49	N/A	N/A	345,782	304,492	1,497,474	811,322