TQQQ Options History — July 2025

In July 2025, TQQQ traded between $40.55 and $44.73. ATM implied volatility averaged 49.2%, placing in the 10.3% IV rank vs the trailing year. The 30-day expected move averaged 13.9%. IV traded above realized volatility by 16.5% (HV 20d: 32.7%). Max pain ranged from $36.50 to $41.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.75.

Notable Days

  • 2025-07-31: Highest Volume — 594,468 contracts
  • 2025-07-24: Largest IV drop — 12.5% change
  • 2025-07-07: Highest IV Rank — 15.6%
  • 2025-07-07: Largest Expected Move — 15.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.01$40.55$44.73$40.55$44.39
Max Pain$39.58$36.50$41.50$36.50$41.50
ATM IV49.2%41.0%54.8%52.5%50.4%
Expected Move13.9%12.3%15.7%14.2%13.7%
HV 20d32.7%21.4%40.6%39.4%21.4%
HV 60d57.1%38.8%103.4%103.4%38.8%
IV Rank10.3%2.6%15.6%13.4%11.4%
IV Percentile16.4%2.8%37.7%29.0%21.0%
Term Structure0.4%-1.5%2.4%-0.0%-0.3%
VWIV51.1%44.2%57.8%50.0%48.9%
Skew 25d11.1%6.3%12.8%12.5%11.8%
Skew 10d24.1%19.6%29.0%25.1%28.7%
Call IV 25d44.7%40.1%49.3%47.3%44.8%
Put IV 25d55.8%47.4%62.1%59.8%56.6%
Bid-Ask Spread %9.571.7621.921.9216.48
Gamma HHI0.120.070.430.080.07
Net GEX58.1M35.6M120.5M45.8M35.6M
Net DEX-2.33B-2.83B-2.01B-2.01B-2.11B
Net VEX-10.0M-10.3M-9.7M-9.9M-10.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.750.530.980.590.74
Total Volume403,846.636277,958594,468510,740594,468
Total OI1,879,867.2731,669,8062,017,3001,785,7401,995,840

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$40.55$36.5052.5%14.2%39.4%13.4%50.0%12.5%-0.0%45.8M-2.01B-9.9M0.591.92N/AN/A321,042189,6981,122,134663,606
2025-07-02$41.13$36.7552.7%14.1%38.9%13.6%51.4%12.1%-0.1%60.4M-2.32B-10.0M0.621.76N/AN/A231,644143,9041,171,808701,824
2025-07-03$42.47$38.0051.7%15.0%39.9%12.7%52.5%11.3%-0.3%120.5M-2.83B-10.0M0.883.11N/AN/A311,968275,3941,188,558727,714
2025-07-07$41.31$38.5054.8%15.7%40.6%15.6%57.8%12.8%-0.2%44.1M-2.07B-9.7M0.693.68N/AN/A274,266189,7781,086,134624,390
2025-07-08$41.47$38.0051.8%14.9%40.1%12.8%52.3%11.7%0.2%49.5M-2.14B-9.9M0.683.69N/AN/A183,328124,0201,150,846686,146
2025-07-09$42.33$38.0049.2%14.2%40.4%10.3%51.9%10.1%0.3%72.3M-2.51B-10.0M0.802.84N/AN/A270,186215,0861,188,360715,924
2025-07-10$42.28$39.0048.8%14.0%40.4%9.9%51.1%10.1%0.0%75.6M-2.41B-10.0M0.563.66N/AN/A269,654150,4901,211,432738,604
2025-07-11$41.98$39.0049.4%14.2%40.3%10.5%52.1%11.1%0.1%65.9M-2.30B-9.9M0.744.19N/AN/A296,740220,6981,243,462753,532
2025-07-14$42.22$39.0051.7%14.8%40.3%12.7%52.9%12.2%-1.5%45.8M-2.24B-9.8M0.829.83N/AN/A166,400136,8761,100,168664,520
2025-07-15$42.69$40.0050.7%14.5%36.2%11.7%52.4%11.5%0.0%56.1M-2.41B-9.9M0.789.73N/AN/A185,662144,5701,145,432712,542
2025-07-16$42.61$40.0050.6%14.5%33.5%11.6%51.2%12.5%-0.5%56.7M-2.35B-10.1M0.5311.51N/AN/A241,010126,5501,173,656744,084
2025-07-17$43.52$40.0048.4%13.8%31.7%9.5%49.8%11.0%0.7%84.5M-2.76B-10.0M0.797.92N/AN/A210,230165,4161,201,796766,546
2025-07-18$43.28$40.0047.9%13.7%32.0%9.1%53.5%11.1%1.1%74.3M-2.65B-10.0M0.729.96N/AN/A257,932184,5441,226,602790,698
2025-07-21$44.08$40.0048.6%14.0%29.9%9.7%51.9%11.6%1.1%46.1M-2.32B-10.1M0.9810.54N/AN/A188,008184,0381,026,994642,812
2025-07-22$43.45$40.0049.1%14.0%30.1%10.2%56.4%12.8%0.7%37.6M-2.06B-10.2M0.839.71N/AN/A185,542153,4761,076,316701,956
2025-07-23$43.66$40.5046.9%13.5%25.6%8.1%49.1%11.5%1.4%42.6M-2.14B-10.2M0.698.22N/AN/A164,492113,4661,111,670766,068
2025-07-24$44.28$40.5041.0%13.0%25.8%2.6%48.0%10.2%2.4%70.7M-2.45B-10.2M0.9520.69N/AN/A167,300159,7101,149,892795,386
2025-07-25$44.58$41.0044.6%12.3%24.4%5.9%44.2%10.9%2.0%80.7M-2.59B-10.0M0.8216.93N/AN/A242,320199,0381,169,792825,786
2025-07-28$44.73$41.5045.5%12.5%24.4%6.8%45.3%6.3%-0.1%37.2M-2.24B-10.1M0.7513.80N/AN/A182,236135,8181,040,786728,338
2025-07-29$44.67$41.5047.2%12.9%23.5%8.4%49.2%9.8%0.2%40.8M-2.23B-10.1M0.8218.37N/AN/A217,756178,7041,103,620768,840
2025-07-30$44.47$41.5048.7%13.4%21.6%9.8%51.5%9.0%0.8%36.4M-2.13B-10.3M0.7221.92N/AN/A192,406138,7621,144,910807,556
2025-07-31$44.39$41.5050.4%13.7%21.4%11.4%48.9%11.8%-0.3%35.6M-2.11B-10.2M0.7416.48N/AN/A342,236252,2321,169,684826,156