QQQJ Options History — September 2025

In September 2025, QQQJ traded between $34.49 and $36.34. ATM implied volatility averaged 15.1%, placing in the 12.7% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 3.3% (HV 20d: 11.8%). Max pain ranged from $34.00 to $35.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.20.

Notable Days

  • 2025-09-12: Highest Volume — 604 contracts
  • 2025-09-10: Largest IV spike — 35.2% change
  • 2025-09-02: Highest IV Rank — 20.8%
  • 2025-09-02: Largest Expected Move — 5.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.58$34.49$36.34$34.49$35.78
Max Pain$34.38$34.00$35.00$34.00$35.00
ATM IV15.1%11.7%19.6%19.6%14.7%
Expected Move4.4%3.4%5.6%5.6%4.2%
HV 20d11.8%9.9%13.3%13.0%11.2%
HV 60d12.2%11.8%12.8%12.6%12.0%
IV Rank12.7%6.4%20.8%20.8%11.9%
IV Percentile37.4%6.7%71.8%71.8%32.1%
Term Structure1.7%-1.8%2.8%-1.8%1.9%
VWIV16.7%11.9%22.7%21.9%14.5%
Skew 25d5.3%-1.1%9.9%7.3%7.4%
Skew 10d6.6%3.0%12.9%8.6%10.7%
Call IV 25d10.4%7.7%14.4%13.4%10.6%
Put IV 25d15.7%9.6%20.7%20.7%18.0%
Bid-Ask Spread %27.1111.1881.0613.8016.71
Gamma HHI0.210.150.290.190.18
Net GEX50.8K-11.8K84.5K-11.8K84.5K
Net DEX-2.1M-3.0M-1.1M-1.4M-1.4M
Net VEX-5.2K-7.0K-4.4K-6.9K-5.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.200.001.170.030.05
Total Volume8416046641
Total OI2,210.6671,0272,8442,7301,150

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$34.49$34.0019.6%5.6%13.0%20.8%21.9%7.3%-1.8%-11.8K-1.4M-6.9K0.0313.80N/AN/A6429591,771
2025-09-03$34.50$34.0017.8%5.1%12.8%17.5%16.3%9.6%-0.1%-4.2K-1.5M-7.0K0.0027.11N/AN/A2909761,773
2025-09-04$34.79$35.0014.8%4.2%13.0%12.0%14.9%2.3%2.0%22.2K-1.9M-6.5K0.0428.72N/AN/A10849801,773
2025-09-05$35.18$34.0015.0%4.6%13.3%12.5%0.0%6.7%1.7%39.8K-2.3M-5.7K0.0025.24N/AN/A909811,775
2025-09-08$35.37$34.0014.5%4.6%13.2%11.5%18.9%8.6%1.4%53.7K-2.5M-4.8K0.0625.82N/AN/A7759771,775
2025-09-09$35.36$34.0011.7%4.6%12.7%6.4%14.9%0.2%1.6%74.8K-2.7M-5.1K0.0024.98N/AN/A401,0451,776
2025-09-10$35.21$34.0015.8%4.5%12.0%13.8%13.3%-1.1%1.8%64.8K-2.5M-5.5K0.0025.93N/AN/A801,0461,776
2025-09-11$35.81$34.0013.8%4.0%11.8%10.3%0.0%6.5%2.8%59.3K-2.9M-4.6K0.0932.23N/AN/A2221,0481,776
2025-09-12$35.58$34.0013.7%3.9%11.9%10.0%0.0%2.2%2.4%68.3K-3.0M-4.5K1.0133.64N/AN/A3013031,0661,778
2025-09-15$35.70$34.0014.5%4.2%11.9%11.6%0.0%8.3%2.1%62.4K-2.7M-4.6K0.4224.14N/AN/A26119951,780
2025-09-16$35.81$34.0015.5%4.4%11.8%13.3%16.3%6.8%1.4%58.6K-2.7M-4.6K0.0023.15N/AN/A2801,0001,788
2025-09-17$35.93$35.0015.2%4.3%11.7%12.7%22.7%9.9%1.8%59.3K-2.8M-4.4K0.0281.06N/AN/A9229831,791
2025-09-18$36.34$35.0011.8%3.4%11.9%6.6%0.0%1.5%1.8%51.4K-2.9M-4.8K0.0040.90N/AN/A20801,0281,793
2025-09-19$36.33$35.0015.1%4.3%11.8%12.6%11.9%4.1%2.3%52.3K-2.7M-4.7K0.0128.80N/AN/A9611,1721,631
2025-09-22$36.33$34.0015.9%4.6%9.9%14.1%18.3%9.1%1.7%53.5K-1.4M-4.7K0.3019.58N/AN/A103603424
2025-09-23$36.12$34.0016.7%4.8%9.9%15.5%0.0%4.7%1.6%52.0K-1.3M-5.0K0.6020.35N/AN/A53609426
2025-09-24$35.82$34.0016.2%4.6%10.5%14.5%18.6%2.8%1.6%53.9K-1.3M-5.0K1.1719.88N/AN/A67614428
2025-09-25$35.45$35.0016.6%4.7%11.3%15.2%0.0%5.3%2.4%55.3K-1.1M-5.1K0.0027.57N/AN/A01616432
2025-09-26$35.51$35.0014.3%4.1%11.3%11.1%15.0%2.2%2.0%57.1K-1.2M-5.0K0.2118.45N/AN/A296615432
2025-09-29$35.79$35.0014.7%4.2%11.2%11.9%16.0%7.1%2.2%60.4K-1.3M-4.8K0.0111.18N/AN/A2492626437
2025-09-30$35.78$35.0014.7%4.2%11.2%11.9%14.5%7.4%1.9%84.5K-1.4M-5.2K0.0516.71N/AN/A392713437