SQQQ Options History — July 2025

In July 2025, SQQQ traded between $90.80 and $100.10. ATM implied volatility averaged 50.1%, placing in the 8.2% IV rank vs the trailing year. The 30-day expected move averaged 14.3%. IV traded above realized volatility by 17.1% (HV 20d: 33.0%). Max pain ranged from $90.00 to $100.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 0.17.

Notable Days

2025-07-31: Highest Volume — 37,666 contracts
2025-07-08: Largest IV drop — 25.5% change
2025-07-07: Highest IV Rank — 14.0%
2025-07-07: Largest Expected Move — 16.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$94.42	$90.80	$100.10	$100.10	$91.50
Max Pain	$93.64	$90.00	$100.00	$100.00	$90.00
ATM IV	50.1%	42.4%	56.9%	53.4%	52.5%
Expected Move	14.3%	12.3%	16.4%	14.4%	14.1%
HV 20d	33.0%	21.8%	40.8%	39.4%	21.8%
HV 60d	61.0%	40.9%	116.5%	116.5%	40.9%
IV Rank	8.2%	1.7%	14.0%	11.1%	10.2%
IV Percentile	13.7%	1.2%	35.3%	24.2%	22.6%
Term Structure	-2.0%	-39.5%	9.1%	1.2%	0.1%
VWIV	55.2%	45.9%	64.0%	54.8%	51.3%
Skew 25d	-13.1%	-19.5%	18.7%	-17.2%	-19.5%
Skew 10d	-30.3%	-50.9%	0.4%	-49.6%	-29.8%
Call IV 25d	60.1%	35.3%	66.9%	66.9%	64.0%
Put IV 25d	47.0%	42.0%	59.0%	49.6%	44.5%
Bid-Ask Spread %	34.09	2.22	62.81	2.22	26.81
Gamma HHI	0.15	0.10	0.30	0.11	0.14
Net GEX	9.4M	3.1M	13.0M	10.1M	11.4M
Net DEX	-67.2M	-114.4M	2.1M	-81.0M	-114.4M
Net VEX	-1.2M	-1.4M	-1.2M	-1.4M	-1.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.17	0.09	0.55	0.18	0.16
Total Volume	24,793.545	14,346	37,666	25,382	37,666
Total OI	119,488.727	102,601	140,785	116,709	133,107

Daily Data (22 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
2025-07-01	$100.10	$100.00	53.4%	14.4%	39.4%	11.1%	54.8%	-17.2%	1.2%	10.1M	-81.0M	-1.4M	0.18	2.22	N/A	N/A	21,529	3,853	90,164	26,545
2025-07-02	$98.65	$100.00	53.0%	14.1%	38.9%	10.7%	57.4%	-15.3%	-9.9%	8.7M	-51.0M	-1.3M	0.18	2.27	N/A	N/A	15,686	2,899	92,498	26,804
2025-07-03	$95.45	$95.00	52.7%	15.5%	40.0%	10.5%	59.8%	-15.2%	0.3%	3.1M	2.1M	-1.2M	0.19	35.84	N/A	N/A	23,035	4,285	96,977	26,900
2025-07-07	$98.15	$95.00	56.9%	16.4%	40.8%	14.0%	61.3%	18.7%	0.5%	8.2M	-80.8M	-1.3M	0.09	31.12	N/A	N/A	31,855	2,720	81,557	23,835
2025-07-08	$97.80	$95.00	42.4%	16.0%	40.2%	1.7%	58.4%	-18.5%	3.1%	11.8M	-111.8M	-1.3M	0.13	32.23	N/A	N/A	12,677	1,669	91,795	25,052
2025-07-09	$95.80	$95.00	49.1%	14.5%	40.5%	7.4%	56.9%	9.7%	1.9%	10.2M	-42.0M	-1.2M	0.11	62.81	N/A	N/A	20,908	2,203	91,499	24,590
2025-07-10	$95.90	$95.00	49.4%	14.3%	40.5%	7.6%	57.7%	-12.8%	-0.2%	10.9M	-60.8M	-1.2M	0.18	27.96	N/A	N/A	16,888	3,031	96,156	24,987
2025-07-11	$96.60	$95.00	50.7%	14.2%	40.4%	8.7%	56.1%	-15.7%	-1.5%	12.1M	-82.9M	-1.2M	0.13	33.02	N/A	N/A	27,417	3,571	100,969	25,130
2025-07-14	$96.05	$95.00	52.5%	15.0%	40.4%	10.2%	64.0%	-16.0%	-6.9%	8.5M	-66.6M	-1.3M	0.11	35.10	N/A	N/A	14,954	1,637	81,927	23,485
2025-07-15	$95.05	$95.00	51.7%	14.9%	36.5%	9.6%	56.6%	-15.9%	1.0%	9.3M	-56.2M	-1.2M	0.10	35.58	N/A	N/A	19,389	1,887	88,882	24,171
2025-07-16	$95.25	$95.00	51.3%	14.7%	33.9%	9.2%	56.7%	-17.3%	1.5%	12.9M	-81.5M	-1.2M	0.28	34.27	N/A	N/A	23,745	6,580	97,065	24,793
2025-07-17	$93.15	$95.00	50.9%	14.7%	32.0%	8.9%	54.5%	-14.8%	-3.8%	5.5M	-19.6M	-1.2M	0.11	32.62	N/A	N/A	31,650	3,397	101,156	28,131
2025-07-18	$93.70	$95.00	49.7%	14.3%	32.3%	7.9%	60.3%	-14.6%	-1.3%	9.4M	-63.0M	-1.2M	0.14	37.77	N/A	N/A	31,172	4,235	112,502	28,283
2025-07-21	$92.05	$95.00	48.7%	14.0%	30.3%	7.0%	54.1%	-17.4%	9.1%	8.0M	-46.5M	-1.2M	0.12	40.08	N/A	N/A	23,087	2,752	80,016	22,585
2025-07-22	$93.40	$90.00	49.8%	14.3%	30.6%	7.9%	53.5%	-16.6%	1.1%	12.6M	-103.7M	-1.2M	0.13	36.85	N/A	N/A	21,274	2,839	91,309	23,807
2025-07-23	$92.95	$90.00	48.1%	13.6%	26.1%	6.6%	53.2%	-14.6%	1.1%	13.0M	-95.0M	-1.2M	0.17	30.20	N/A	N/A	13,598	2,281	93,648	24,368
2025-07-24	$91.60	$90.00	49.1%	13.4%	26.0%	7.4%	51.2%	-13.9%	1.7%	10.3M	-52.2M	-1.2M	0.19	33.63	N/A	N/A	16,384	3,131	95,892	25,218
2025-07-25	$91.05	$90.00	44.9%	12.3%	24.6%	3.8%	45.9%	-13.0%	0.8%	6.7M	-51.7M	-1.2M	0.17	39.06	N/A	N/A	15,437	2,593	101,977	26,114
2025-07-28	$90.80	$90.00	46.8%	12.9%	24.6%	5.4%	50.7%	-12.8%	-39.5%	7.6M	-54.7M	-1.2M	0.55	48.33	N/A	N/A	12,873	7,079	83,306	24,218
2025-07-29	$90.95	$90.00	46.2%	12.7%	23.8%	4.8%	48.3%	-16.8%	-1.8%	7.4M	-62.9M	-1.2M	0.14	39.65	N/A	N/A	22,373	3,110	89,895	29,626
2025-07-30	$91.35	$90.00	52.2%	14.7%	22.0%	10.0%	51.1%	-18.8%	-2.0%	10.0M	-102.9M	-1.3M	0.14	52.59	N/A	N/A	23,000	3,109	97,405	30,408
2025-07-31	$91.50	$90.00	52.5%	14.1%	21.8%	10.2%	51.3%	-19.5%	0.1%	11.4M	-114.4M	-1.3M	0.16	26.81	N/A	N/A	32,467	5,199	102,172	30,935