QQQJ Options History — November 2025

In November 2025, QQQJ traded between $34.52 and $37.33. ATM implied volatility averaged 18.9%, placing in the 19.4% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded below realized volatility by 0.6% (HV 20d: 19.5%). Max pain ranged from $32.00 to $35.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 0.49.

Notable Days

2025-11-05: Highest Volume — 161 contracts
2025-11-06: Largest IV spike — 61.5% change
2025-11-17: Highest IV Rank — 31.0%
2025-11-17: Largest Expected Move — 7.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$36.19	$34.52	$37.33	$36.66	$36.78
Max Pain	$32.84	$32.00	$35.00	$35.00	$33.00
ATM IV	18.9%	11.7%	25.3%	14.2%	14.6%
Expected Move	5.4%	3.4%	7.3%	4.1%	4.2%
HV 20d	19.5%	16.0%	23.4%	17.3%	23.4%
HV 60d	15.8%	13.9%	17.7%	13.9%	17.7%
IV Rank	19.4%	6.5%	31.0%	10.9%	11.7%
IV Percentile	64.7%	7.5%	90.1%	25.4%	27.8%
Term Structure	1.0%	-2.3%	3.9%	3.0%	1.8%
VWIV	17.3%	10.0%	26.7%	14.5%	14.6%
Skew 25d	5.9%	2.3%	9.8%	3.4%	5.2%
Skew 10d	6.5%	3.5%	11.8%	8.1%	9.3%
Call IV 25d	14.9%	10.4%	22.3%	14.1%	11.1%
Put IV 25d	20.8%	16.3%	27.4%	17.5%	16.3%
Bid-Ask Spread %	43.08	25.37	103.30	30.76	36.46
Gamma HHI	0.23	0.16	0.29	0.20	0.27
Net GEX	86.8K	18.2K	126.1K	86.3K	105.7K
Net DEX	-1.5M	-2.3M	-702.9K	-1.7M	-1.8M
Net VEX	-7.2K	-7.8K	-6.7K	-6.9K	-6.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.49	0.00	3.36	0.12	2.50
Total Volume	50.105	7	161	100	7
Total OI	1,797.368	1,648	1,936	1,648	1,743

Daily Data (19 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
2025-11-03	$36.66	$35.00	14.2%	4.1%	17.3%	10.9%	14.5%	3.4%	3.0%	86.3K	-1.7M	-6.9K	0.12	30.76	N/A	N/A	89	11	886	762
2025-11-04	$35.96	$35.00	16.9%	4.8%	18.1%	15.8%	10.0%	8.8%	1.6%	65.6K	-1.3M	-7.0K	0.14	39.72	N/A	N/A	14	2	892	770
2025-11-05	$36.63	$35.00	11.7%	3.4%	19.0%	6.5%	13.9%	7.7%	3.0%	83.9K	-1.6M	-6.8K	0.00	25.37	N/A	N/A	161	0	898	772
2025-11-06	$36.16	$32.00	18.9%	4.9%	19.5%	19.5%	16.9%	2.3%	3.2%	103.9K	-1.6M	-7.3K	1.40	49.08	N/A	N/A	15	21	1,010	772
2025-11-07	$36.38	$32.00	20.9%	5.4%	16.1%	23.2%	0.0%	8.0%	3.9%	93.5K	-1.5M	-7.8K	0.00	55.11	N/A	N/A	7	0	1,014	783
2025-11-10	$37.12	$32.00	16.3%	5.1%	16.6%	14.8%	17.6%	7.6%	1.4%	125.1K	-2.1M	-6.9K	0.12	40.20	N/A	N/A	26	3	1,018	783
2025-11-11	$37.20	$32.00	17.4%	5.2%	16.4%	16.8%	15.1%	2.4%	1.6%	121.1K	-2.2M	-6.8K	0.19	38.00	N/A	N/A	37	7	1,018	786
2025-11-12	$37.33	$32.00	17.9%	5.1%	16.0%	17.7%	17.3%	3.0%	3.7%	126.1K	-2.3M	-7.0K	0.01	43.41	N/A	N/A	76	1	1,055	789
2025-11-13	$36.30	$32.00	19.2%	5.5%	19.1%	19.9%	13.3%	5.9%	1.3%	109.7K	-1.7M	-7.6K	0.02	40.96	N/A	N/A	55	1	1,068	790
2025-11-14	$36.16	$32.00	19.0%	5.4%	19.1%	19.6%	16.3%	4.0%	1.6%	107.9K	-1.6M	-7.5K	0.04	41.82	N/A	N/A	27	1	1,084	787
2025-11-17	$35.64	$32.00	25.3%	7.3%	19.5%	31.0%	26.7%	7.8%	-2.3%	81.5K	-1.3M	-7.7K	0.36	103.30	N/A	N/A	33	12	1,100	786
2025-11-18	$35.59	$32.00	21.6%	6.2%	19.5%	24.3%	16.1%	6.9%	-0.2%	80.8K	-1.1M	-7.4K	0.01	49.49	N/A	N/A	79	1	1,094	787
2025-11-19	$35.49	$33.00	21.8%	6.2%	19.1%	24.7%	19.8%	3.8%	-0.3%	81.0K	-1.2M	-7.3K	0.29	51.28	N/A	N/A	7	2	1,132	787
2025-11-20	$34.52	$33.00	24.4%	7.0%	21.0%	29.5%	24.7%	5.1%	-1.9%	24.7K	-702.9K	-7.3K	3.36	37.29	N/A	N/A	28	94	1,134	789
2025-11-21	$35.09	$33.00	21.6%	6.2%	21.8%	24.3%	24.5%	9.8%	-0.0%	18.2K	-829.7K	-7.2K	0.31	41.71	N/A	N/A	13	4	1,145	791
2025-11-24	$35.67	$33.00	20.5%	5.9%	22.6%	22.3%	20.5%	3.6%	-0.5%	60.1K	-1.1M	-6.9K	0.06	32.96	N/A	N/A	85	5	923	747
2025-11-25	$36.21	$33.00	18.9%	5.4%	23.1%	19.4%	11.4%	9.8%	0.7%	82.2K	-1.4M	-7.0K	0.00	27.39	N/A	N/A	16	0	968	752
2025-11-26	$36.64	$33.00	17.3%	4.9%	23.4%	16.5%	17.6%	7.6%	-1.9%	92.3K	-1.7M	-6.9K	0.33	34.10	N/A	N/A	9	3	983	752
2025-11-28	$36.78	$33.00	14.6%	4.2%	23.4%	11.7%	14.6%	5.2%	1.8%	105.7K	-1.8M	-6.7K	2.50	36.46	N/A	N/A	2	5	988	755