TQQQ Options History — August 2025

In August 2025, TQQQ traded between $41.50 and $47.45. ATM implied volatility averaged 48.1%, placing in the 9.2% IV rank vs the trailing year. The 30-day expected move averaged 13.9%. IV traded above realized volatility by 8.7% (HV 20d: 39.4%). Max pain ranged from $35.00 to $41.50. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.85.

Notable Days

2025-08-01: Highest Volume — 1,119,910 contracts
2025-08-22: Largest IV drop — 13.5% change
2025-08-01: Highest IV Rank — 18.8%
2025-08-01: Largest Expected Move — 16.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$45.13	$41.50	$47.45	$41.50	$44.70
Max Pain	$37.38	$35.00	$41.50	$41.50	$38.50
ATM IV	48.1%	42.9%	58.2%	58.2%	48.9%
Expected Move	13.9%	12.6%	16.9%	16.9%	13.9%
HV 20d	39.4%	30.9%	45.3%	30.9%	40.3%
HV 60d	37.4%	35.4%	42.3%	41.4%	37.1%
IV Rank	9.2%	4.3%	18.8%	18.8%	10.0%
IV Percentile	17.1%	5.2%	54.0%	54.0%	20.2%
Term Structure	0.3%	-1.7%	2.4%	-1.7%	0.1%
VWIV	50.3%	45.9%	57.4%	57.4%	51.1%
Skew 25d	13.1%	1.0%	17.4%	12.0%	16.6%
Skew 10d	31.6%	23.8%	45.3%	36.3%	34.0%
Call IV 25d	41.9%	38.8%	50.3%	50.3%	41.9%
Put IV 25d	55.1%	41.0%	62.4%	62.4%	58.5%
Bid-Ask Spread %	32.83	15.26	38.56	15.26	35.76
Gamma HHI	0.07	0.04	0.14	0.13	0.07
Net GEX	41.8M	-12.2M	104.7M	-12.2M	22.1M
Net DEX	-2.19B	-3.07B	-951.9M	-951.9M	-1.84B
Net VEX	-10.3M	-10.5M	-10.0M	-10.0M	-10.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.85	0.66	1.17	0.67	0.80
Total Volume	484,268.476	212,868	1,119,910	1,119,910	688,714
Total OI	1,971,282	1,723,648	2,119,028	2,050,726	2,085,806

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
2025-08-01	$41.50	$41.50	58.2%	16.9%	30.9%	18.8%	57.4%	12.0%	-1.7%	-12.2M	-951.9M	-10.0M	0.67	15.26	N/A	N/A	669,704	450,206	1,209,340	841,386
2025-08-04	$43.58	$35.00	50.6%	14.5%	34.0%	11.6%	50.6%	17.4%	-0.5%	28.8M	-1.90B	-10.3M	0.71	35.74	N/A	N/A	277,962	196,398	1,075,070	743,818
2025-08-05	$42.92	$35.00	52.0%	14.8%	34.6%	12.9%	54.2%	16.3%	-0.2%	24.2M	-1.70B	-10.3M	0.78	38.56	N/A	N/A	211,708	164,326	1,149,118	801,414
2025-08-06	$44.40	$35.50	47.8%	14.1%	35.9%	8.9%	51.8%	17.1%	0.0%	54.6M	-2.27B	-10.4M	0.71	36.56	N/A	N/A	235,560	166,476	1,173,216	833,114
2025-08-07	$44.58	$35.50	50.4%	14.4%	35.9%	11.4%	51.6%	15.7%	-0.1%	59.3M	-2.38B	-10.5M	1.04	33.37	N/A	N/A	250,472	261,484	1,201,268	880,538
2025-08-08	$45.94	$36.50	44.9%	13.4%	36.9%	6.2%	50.2%	9.0%	-0.8%	104.7M	-3.07B	-10.2M	0.83	33.41	N/A	N/A	359,552	300,242	1,231,782	887,246
2025-08-11	$45.67	$37.00	45.6%	13.8%	37.1%	6.9%	48.4%	13.6%	2.4%	40.1M	-2.40B	-10.2M	1.07	31.97	N/A	N/A	163,668	175,806	1,088,898	757,000
2025-08-12	$47.30	$37.00	44.2%	12.8%	38.7%	5.6%	48.9%	1.0%	0.7%	61.6M	-2.94B	-10.3M	1.16	26.52	N/A	N/A	211,744	245,836	1,128,238	806,868
2025-08-13	$47.27	$37.00	42.9%	12.7%	38.6%	4.3%	46.6%	9.3%	0.9%	56.2M	-2.87B	-10.5M	0.99	35.81	N/A	N/A	202,404	200,886	1,152,014	879,330
2025-08-14	$47.45	$37.50	43.5%	12.6%	38.2%	4.9%	45.9%	8.8%	0.6%	57.9M	-2.92B	-10.5M	0.88	27.39	N/A	N/A	202,364	178,756	1,174,594	916,824
2025-08-15	$46.73	$37.50	44.6%	13.0%	38.7%	5.9%	47.5%	8.0%	1.5%	28.1M	-2.54B	-10.2M	0.78	35.16	N/A	N/A	297,250	231,574	1,177,382	941,026
2025-08-18	$46.61	$37.50	45.7%	13.2%	38.4%	6.9%	48.7%	11.9%	1.2%	38.1M	-2.31B	-10.3M	0.86	24.07	N/A	N/A	138,262	118,490	1,031,386	692,262
2025-08-19	$44.67	$37.50	48.8%	14.0%	41.2%	9.9%	51.0%	14.5%	0.1%	16.8M	-1.69B	-10.2M	0.75	32.39	N/A	N/A	288,750	216,134	1,072,534	733,156
2025-08-20	$43.92	$37.50	50.1%	14.4%	41.7%	11.2%	52.7%	14.9%	0.3%	11.7M	-1.49B	-10.3M	0.71	31.07	N/A	N/A	394,694	279,620	1,126,412	790,460
2025-08-21	$43.20	$37.50	54.6%	15.7%	41.8%	15.4%	53.2%	15.7%	-0.2%	11.6M	-1.34B	-10.2M	0.66	37.01	N/A	N/A	218,970	144,870	1,181,462	813,886
2025-08-22	$45.14	$37.50	47.2%	13.5%	44.7%	8.4%	48.7%	13.4%	0.3%	48.2M	-2.23B	-10.3M	0.78	35.25	N/A	N/A	460,604	358,560	1,220,448	825,212
2025-08-25	$45.08	$38.00	47.6%	13.7%	44.7%	8.8%	50.1%	14.8%	0.5%	40.2M	-2.08B	-10.1M	0.91	34.64	N/A	N/A	150,712	136,648	1,097,156	720,842
2025-08-26	$45.08	$38.50	48.1%	13.9%	44.7%	9.3%	50.2%	15.4%	0.4%	43.8M	-2.10B	-10.3M	0.77	37.12	N/A	N/A	120,378	92,490	1,155,134	765,656
2025-08-27	$45.55	$38.50	49.1%	14.2%	44.8%	10.2%	51.0%	16.2%	-0.1%	50.4M	-2.26B	-10.4M	0.72	37.13	N/A	N/A	144,466	103,484	1,179,378	799,758
2025-08-28	$46.48	$39.00	44.5%	12.7%	45.3%	5.8%	45.9%	14.6%	1.0%	92.5M	-2.71B	-10.1M	1.17	35.32	N/A	N/A	212,000	247,414	1,213,394	843,096
2025-08-29	$44.70	$38.50	48.9%	13.9%	40.3%	10.0%	51.1%	16.6%	0.1%	22.1M	-1.84B	-10.0M	0.80	35.76	N/A	N/A	381,724	306,990	1,227,226	858,580