QQQJ Options History — January 2026

In January 2026, QQQJ traded between $37.48 and $39.41. ATM implied volatility averaged 14.2%, placing in the 10.2% IV rank vs the trailing year. The 30-day expected move averaged 4.2%. IV traded below realized volatility by 1.1% (HV 20d: 15.3%). Max pain ranged from $35.00 to $37.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.30.

Notable Days

2026-01-09: Highest Volume — 191 contracts
2026-01-07: Largest IV spike — 30.7% change
2026-01-21: Highest IV Rank — 15.5%
2026-01-21: Largest Expected Move — 4.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$38.79	$37.48	$39.41	$37.48	$38.11
Max Pain	$35.55	$35.00	$37.00	$36.00	$37.00
ATM IV	14.2%	10.0%	17.1%	15.6%	15.9%
Expected Move	4.2%	3.7%	4.9%	4.5%	4.6%
HV 20d	15.3%	14.2%	16.6%	14.4%	16.6%
HV 60d	17.6%	17.2%	18.7%	18.2%	17.9%
IV Rank	10.2%	2.5%	15.5%	12.8%	13.3%
IV Percentile	26.8%	2.4%	57.5%	40.9%	46.0%
Term Structure	1.1%	-2.5%	3.3%	-1.0%	-1.0%
VWIV	14.7%	8.2%	24.2%	9.8%	17.1%
Skew 25d	4.9%	1.0%	9.5%	8.0%	4.3%
Skew 10d	8.4%	3.1%	17.0%	8.9%	6.6%
Call IV 25d	10.5%	7.7%	15.4%	8.8%	15.4%
Put IV 25d	15.4%	11.1%	20.6%	16.9%	19.8%
Bid-Ask Spread %	43.32	29.16	59.32	29.16	37.48
Gamma HHI	0.17	0.16	0.21	0.19	0.16
Net GEX	97.5K	73.0K	137.0K	76.7K	90.9K
Net DEX	-2.3M	-2.8M	-1.6M	-1.6M	-2.0M
Net VEX	-4.8K	-5.6K	-4.1K	-4.9K	-5.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.30	0.00	2.43	0.06	0.33
Total Volume	49.85	5	191	19	8
Total OI	1,448.55	1,172	1,770	1,462	1,297

Daily Data (20 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
2026-01-02	$37.48	$36.00	15.6%	4.5%	14.4%	12.8%	9.8%	8.0%	-1.0%	76.7K	-1.6M	-4.9K	0.06	29.16	N/A	N/A	18	1	783	679
2026-01-05	$37.90	$35.00	13.6%	4.2%	14.9%	9.0%	0.0%	5.0%	1.3%	84.1K	-1.7M	-4.8K	0.11	47.26	N/A	N/A	27	3	799	681
2026-01-06	$38.73	$35.00	10.0%	4.0%	16.3%	2.5%	8.2%	8.8%	3.3%	73.5K	-2.1M	-4.1K	0.00	45.35	N/A	N/A	139	0	821	680
2026-01-07	$38.70	$35.00	13.0%	4.1%	16.2%	8.0%	0.0%	7.1%	-0.4%	119.5K	-2.3M	-4.2K	0.07	52.45	N/A	N/A	137	10	922	680
2026-01-08	$38.49	$35.00	13.1%	4.0%	16.3%	8.2%	13.4%	2.9%	3.0%	109.6K	-2.2M	-4.2K	0.02	48.56	N/A	N/A	54	1	908	690
2026-01-09	$38.82	$35.00	11.7%	3.8%	16.0%	5.6%	17.0%	4.0%	2.4%	108.5K	-2.4M	-4.1K	0.00	47.70	N/A	N/A	191	0	922	689
2026-01-12	$39.09	$35.00	14.4%	4.0%	16.1%	10.5%	12.1%	5.3%	2.5%	118.8K	-2.7M	-4.6K	0.09	54.10	N/A	N/A	23	2	1,014	689
2026-01-13	$39.05	$35.00	15.5%	3.9%	14.3%	12.6%	13.7%	3.9%	2.2%	115.3K	-2.7M	-4.6K	0.45	43.36	N/A	N/A	22	10	998	691
2026-01-14	$38.82	$35.00	15.1%	4.3%	14.3%	11.9%	20.1%	6.8%	-0.5%	112.8K	-2.6M	-5.0K	0.67	50.91	N/A	N/A	3	2	1,011	701
2026-01-15	$39.27	$35.00	14.4%	4.1%	14.6%	10.5%	14.5%	5.5%	1.9%	95.6K	-2.8M	-4.9K	0.00	37.15	N/A	N/A	106	0	1,014	703
2026-01-16	$39.13	$35.00	14.4%	4.1%	14.2%	10.5%	15.1%	5.1%	0.9%	137.0K	-2.8M	-4.9K	0.20	48.06	N/A	N/A	55	11	1,067	703
2026-01-20	$38.62	$35.00	15.6%	4.5%	15.1%	12.8%	24.2%	4.5%	3.0%	73.0K	-1.9M	-5.2K	2.43	59.32	N/A	N/A	7	17	823	349
2026-01-21	$39.14	$35.00	17.1%	4.9%	14.9%	15.5%	17.1%	1.0%	0.4%	76.2K	-2.1M	-5.1K	0.00	49.89	N/A	N/A	7	0	833	366
2026-01-22	$39.41	$35.00	16.9%	4.8%	14.8%	15.0%	15.8%	2.8%	-2.5%	87.3K	-2.3M	-4.7K	0.17	39.67	N/A	N/A	24	4	839	366
2026-01-23	$39.00	$37.00	13.0%	3.7%	15.2%	7.9%	13.3%	4.1%	3.2%	89.6K	-2.2M	-4.9K	0.38	34.74	N/A	N/A	8	3	853	370
2026-01-26	$38.98	$37.00	13.8%	4.0%	15.2%	9.5%	8.8%	3.4%	2.0%	92.5K	-2.2M	-4.8K	0.25	39.98	N/A	N/A	4	1	859	373
2026-01-27	$39.20	$37.00	13.4%	3.8%	15.1%	8.7%	13.2%	1.2%	-1.3%	95.0K	-2.3M	-4.7K	0.47	34.44	N/A	N/A	32	15	861	373
2026-01-28	$39.22	$35.00	13.2%	3.8%	14.8%	8.4%	13.1%	5.1%	3.1%	96.5K	-2.4M	-4.9K	0.06	35.62	N/A	N/A	34	2	886	388
2026-01-29	$38.60	$37.00	14.2%	4.1%	16.1%	10.1%	19.1%	9.5%	-0.2%	97.9K	-2.0M	-5.6K	0.33	31.30	N/A	N/A	12	4	901	389
2026-01-30	$38.11	$37.00	15.9%	4.6%	16.6%	13.3%	17.1%	4.3%	-1.0%	90.9K	-2.0M	-5.3K	0.33	37.48	N/A	N/A	6	2	908	389