SQQQ Options History — August 2025

In August 2025, SQQQ traded between $84.80 and $97.55. ATM implied volatility averaged 50.3%, placing in the 9.6% IV rank vs the trailing year. The 30-day expected move averaged 14.3%. IV traded above realized volatility by 11.3% (HV 20d: 39.0%). Max pain ranged from $90.00 to $95.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.16.

Notable Days

2025-08-01: Highest Volume — 90,071 contracts
2025-08-18: Largest IV spike — 34.5% change
2025-08-01: Highest IV Rank — 17.3%
2025-08-01: Largest Expected Move — 16.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$89.26	$84.80	$97.55	$97.55	$89.75
Max Pain	$90.71	$90.00	$95.00	$90.00	$90.00
ATM IV	50.3%	37.4%	60.8%	60.8%	54.6%
Expected Move	14.3%	12.8%	16.8%	16.8%	14.3%
HV 20d	39.0%	30.2%	44.9%	30.2%	40.6%
HV 60d	37.9%	35.4%	44.0%	43.1%	37.0%
IV Rank	9.6%	0.0%	17.3%	17.3%	14.3%
IV Percentile	20.1%	0.0%	52.0%	52.0%	36.1%
Term Structure	1.4%	-2.7%	6.4%	-1.5%	-0.0%
VWIV	55.2%	50.4%	60.6%	60.6%	55.2%
Skew 25d	-18.5%	-28.1%	-9.8%	-28.1%	-17.9%
Skew 10d	-30.7%	-52.6%	10.0%	-47.9%	-31.7%
Call IV 25d	61.1%	45.6%	78.8%	78.8%	63.9%
Put IV 25d	42.7%	29.3%	50.7%	50.7%	46.0%
Bid-Ask Spread %	45.30	34.43	57.82	34.43	40.30
Gamma HHI	0.19	0.11	0.73	0.31	0.73
Net GEX	14.1M	7.4M	45.0M	20.9M	45.0M
Net DEX	-118.3M	-327.0M	-29.2M	-327.0M	-181.5M
Net VEX	-1.3M	-1.5M	-1.2M	-1.5M	-1.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.16	0.10	0.26	0.17	0.14
Total Volume	39,568.619	11,062	90,071	90,071	47,530
Total OI	148,230.762	118,090	178,151	138,997	159,423

Daily Data (21 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
2025-08-01	$97.55	$90.00	60.8%	16.8%	30.2%	17.3%	60.6%	-28.1%	-1.5%	20.9M	-327.0M	-1.5M	0.17	34.43	N/A	N/A	76,762	13,309	107,381	31,616
2025-08-04	$92.70	$95.00	51.8%	15.6%	33.7%	9.6%	59.1%	-21.3%	1.6%	9.7M	-100.9M	-1.3M	0.19	40.40	N/A	N/A	26,730	5,092	89,149	28,941
2025-08-05	$94.00	$95.00	56.6%	15.6%	34.2%	13.8%	60.2%	-21.4%	-2.0%	14.2M	-153.8M	-1.3M	0.12	45.49	N/A	N/A	28,875	3,454	100,662	30,479
2025-08-06	$90.80	$95.00	49.2%	14.4%	35.5%	7.5%	58.6%	-13.0%	2.0%	13.1M	-103.0M	-1.3M	0.13	45.18	N/A	N/A	29,976	3,799	108,191	31,455
2025-08-07	$90.35	$90.00	49.7%	14.6%	35.5%	7.9%	57.1%	-19.5%	-2.7%	15.6M	-112.6M	-1.3M	0.17	49.26	N/A	N/A	40,683	6,894	116,896	32,048
2025-08-08	$87.75	$90.00	46.7%	14.4%	36.5%	5.3%	55.5%	-22.5%	-0.3%	11.5M	-31.2M	-1.2M	0.17	51.18	N/A	N/A	39,640	6,745	125,450	34,462
2025-08-11	$88.20	$90.00	47.4%	14.4%	36.6%	6.0%	55.0%	-16.9%	3.3%	13.5M	-105.4M	-1.3M	0.16	57.82	N/A	N/A	25,566	4,068	112,154	31,261
2025-08-12	$85.10	$90.00	44.7%	13.2%	38.3%	3.6%	53.1%	-14.7%	1.3%	12.8M	-29.2M	-1.2M	0.14	48.78	N/A	N/A	42,466	6,079	124,224	33,238
2025-08-13	$85.10	$90.00	43.2%	12.9%	38.2%	2.3%	51.6%	-24.6%	0.8%	15.8M	-38.9M	-1.3M	0.11	43.19	N/A	N/A	29,083	3,206	132,198	35,197
2025-08-14	$84.80	$90.00	44.0%	12.8%	37.7%	3.0%	50.4%	-19.3%	0.9%	19.1M	-56.6M	-1.3M	0.16	56.25	N/A	N/A	28,111	4,523	136,829	35,901
2025-08-15	$86.15	$90.00	37.4%	12.8%	38.2%	0.0%	51.7%	-9.8%	1.0%	11.3M	-115.2M	-1.3M	0.15	43.95	N/A	N/A	35,364	5,236	141,607	36,544
2025-08-18	$86.35	$90.00	50.3%	14.8%	37.9%	10.7%	51.7%	-16.2%	4.3%	10.4M	-79.6M	-1.3M	0.14	48.38	N/A	N/A	16,598	2,340	105,969	31,182
2025-08-19	$90.05	$90.00	49.8%	14.3%	40.8%	10.3%	53.3%	-18.6%	3.9%	13.6M	-181.0M	-1.4M	0.12	54.42	N/A	N/A	43,428	5,173	110,624	31,906
2025-08-20	$91.50	$90.00	52.1%	14.9%	41.3%	12.2%	56.4%	-19.7%	4.4%	14.2M	-216.6M	-1.4M	0.18	36.18	N/A	N/A	60,407	10,842	111,300	32,776
2025-08-21	$92.95	$90.00	55.5%	15.7%	41.3%	15.1%	58.6%	-19.8%	4.2%	13.3M	-230.0M	-1.5M	0.16	43.52	N/A	N/A	29,550	4,719	114,513	36,909
2025-08-22	$88.85	$90.00	51.5%	13.9%	44.4%	11.7%	55.9%	-16.6%	6.4%	8.7M	-77.1M	-1.3M	0.26	44.22	N/A	N/A	50,574	13,225	119,047	38,093
2025-08-25	$89.00	$90.00	52.2%	14.0%	44.4%	12.3%	54.4%	-17.0%	-0.6%	8.0M	-93.8M	-1.3M	0.17	40.84	N/A	N/A	15,151	2,571	102,198	32,347
2025-08-26	$89.00	$90.00	54.7%	14.3%	44.4%	14.4%	52.6%	-16.1%	0.4%	9.4M	-106.5M	-1.3M	0.23	40.19	N/A	N/A	8,992	2,070	107,121	32,830
2025-08-27	$88.15	$90.00	53.4%	14.2%	44.4%	13.3%	56.1%	-18.5%	2.8%	9.0M	-98.5M	-1.3M	0.20	46.07	N/A	N/A	13,548	2,682	108,910	32,862
2025-08-28	$86.35	$90.00	51.7%	13.2%	44.9%	11.9%	52.8%	-15.9%	-0.3%	7.4M	-46.9M	-1.2M	0.10	41.25	N/A	N/A	32,752	3,128	114,916	34,037
2025-08-29	$89.75	$90.00	54.6%	14.3%	40.6%	14.3%	55.2%	-17.9%	-0.0%	45.0M	-181.5M	-1.4M	0.14	40.30	N/A	N/A	41,851	5,679	125,602	33,821