QQQJ Options History — December 2025

In December 2025, QQQJ traded between $36.60 and $37.83. ATM implied volatility averaged 14.2%, placing in the 10.5% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded below realized volatility by 3.6% (HV 20d: 17.8%). Max pain ranged from $33.00 to $36.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 1.89.

Notable Days

  • 2025-12-15: Highest Volume — 333 contracts
  • 2025-12-23: Largest IV drop — 27.8% change
  • 2025-12-08: Highest IV Rank — 17.0%
  • 2025-12-03: Largest Expected Move — 5.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.17$36.60$37.83$36.62$36.89
Max Pain$35.36$33.00$36.00$33.00$36.00
ATM IV14.2%9.4%17.5%16.7%12.8%
Expected Move4.0%2.7%5.0%4.8%3.7%
HV 20d17.8%13.0%23.2%23.2%13.4%
HV 60d17.8%17.3%18.1%17.6%18.1%
IV Rank10.5%1.4%17.0%15.4%7.7%
IV Percentile29.0%0.8%59.1%54.4%13.1%
Term Structure1.3%-3.8%5.3%-1.5%0.5%
VWIV14.1%8.1%18.7%14.5%15.3%
Skew 25d5.1%-1.4%9.4%5.2%6.3%
Skew 10d4.9%0.8%11.9%9.9%4.5%
Call IV 25d10.4%6.8%14.9%12.2%8.9%
Put IV 25d15.5%8.8%20.0%17.4%15.3%
Bid-Ask Spread %37.8620.6573.0434.1824.72
Gamma HHI0.270.180.500.270.20
Net GEX108.1K66.7K231.1K105.3K74.4K
Net DEX-1.9M-2.5M-1.3M-1.8M-1.3M
Net VEX-5.8K-6.6K-5.0K-6.6K-5.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.890.0019.000.500.75
Total Volume51.3181333277
Total OI1,745.4551,3892,2071,7441,460

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$36.62$33.0016.7%4.8%23.2%15.4%14.5%5.2%-1.5%105.3K-1.8M-6.6K0.5034.18N/AN/A189989755
2025-12-02$36.64$33.0016.4%4.7%23.2%15.0%16.6%8.0%-0.4%106.0K-1.8M-6.6K0.3320.65N/AN/A93996756
2025-12-03$36.82$33.0017.3%5.0%22.1%16.5%17.4%1.9%-0.0%107.9K-1.8M-6.5K0.0026.26N/AN/A1101,001752
2025-12-04$36.93$35.0015.6%4.4%21.2%13.5%8.7%4.0%3.0%118.7K-2.0M-6.4K0.0050.53N/AN/A701,002752
2025-12-05$37.30$35.0016.9%4.1%20.8%15.8%0.0%6.1%5.3%116.8K-2.2M-6.1K0.9154.57N/AN/A11101,010752
2025-12-08$37.18$35.0017.5%4.4%20.8%17.0%18.7%8.4%1.7%121.5K-2.1M-6.1K0.6644.57N/AN/A35231,006761
2025-12-09$37.06$36.0015.6%4.3%19.6%13.5%15.9%4.5%3.6%130.9K-2.0M-6.1K0.0043.80N/AN/A90996774
2025-12-10$37.53$35.0013.2%3.8%20.1%9.2%0.0%7.1%4.4%118.6K-2.2M-6.0K1.6173.04N/AN/A3353999774
2025-12-11$37.78$35.0014.9%4.3%20.2%11.9%16.0%4.8%2.0%101.2K-2.3M-5.7K0.3741.18N/AN/A5219975810
2025-12-12$37.11$36.0016.4%4.7%18.5%14.2%11.0%5.3%0.8%117.6K-2.1M-5.9K1.9437.23N/AN/A17331,017829
2025-12-15$36.85$36.0015.3%4.4%18.7%12.2%15.3%5.7%2.7%128.5K-1.9M-6.0K10.8942.24N/AN/A283051,027854
2025-12-16$36.92$36.0013.7%3.9%17.8%9.2%0.0%7.9%2.7%156.7K-1.8M-6.2K0.0037.36N/AN/A301,0331,158
2025-12-17$36.60$36.0014.7%4.2%18.1%11.1%18.0%4.7%0.9%137.7K-1.7M-6.0K2.1327.33N/AN/A15321,0351,156
2025-12-18$36.93$36.0014.7%4.2%18.2%11.1%15.4%9.4%-3.8%231.1K-1.9M-5.9K0.1035.43N/AN/A2121,0491,145
2025-12-19$37.52$36.0011.3%3.2%15.1%4.8%14.3%6.5%-0.8%68.0K-2.5M-5.6K0.0632.39N/AN/A181101,0601,147
2025-12-22$37.83$36.0013.7%3.9%14.5%9.3%13.9%4.6%0.6%66.7K-1.6M-5.2K0.1537.36N/AN/A467744645
2025-12-23$37.62$36.009.9%2.8%14.1%2.4%13.0%5.7%2.8%67.4K-1.6M-5.2K0.2226.44N/AN/A327762651
2025-12-24$37.67$36.009.4%2.7%13.3%1.4%8.1%0.8%2.0%75.1K-1.7M-5.0K0.0036.90N/AN/A90774656
2025-12-26$37.49$36.0010.5%3.0%13.0%3.5%8.8%-1.4%0.4%77.1K-1.6M-5.0K19.0035.82N/AN/A119777656
2025-12-29$37.26$36.0013.4%3.8%13.2%8.8%0.0%0.9%1.4%73.5K-1.5M-5.1K0.0032.06N/AN/A01777675
2025-12-30$37.17$36.0012.5%3.6%13.1%7.0%12.0%5.0%1.3%76.7K-1.5M-5.1K0.0638.91N/AN/A483777676
2025-12-31$36.89$36.0012.8%3.7%13.4%7.7%15.3%6.3%0.5%74.4K-1.3M-5.1K0.7524.72N/AN/A43783677