SQQQ Options History — September 2025

In September 2025, SQQQ traded between $76.45 and $92.40. ATM implied volatility averaged 52.4%, placing in the 12.5% IV rank vs the trailing year. The 30-day expected move averaged 15.0%. IV traded above realized volatility by 19.3% (HV 20d: 33.1%). Max pain ranged from $75.00 to $90.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.17.

Notable Days

  • 2025-09-17: Highest Volume — 68,796 contracts
  • 2025-09-26: Largest IV drop — 8.9% change
  • 2025-09-02: Highest IV Rank — 19.2%
  • 2025-09-02: Largest Expected Move — 16.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$82.14$76.45$92.40$92.40$76.60
Max Pain$79.29$75.00$90.00$90.00$75.00
ATM IV52.4%47.8%60.5%60.5%54.8%
Expected Move15.0%14.0%16.5%16.5%14.7%
HV 20d33.1%21.3%38.4%38.2%21.3%
HV 60d35.0%31.9%37.6%37.3%31.9%
IV Rank12.5%8.6%19.2%19.2%14.5%
IV Percentile29.1%6.7%56.7%56.7%42.9%
Term Structure1.0%-3.1%3.4%-0.8%0.3%
VWIV57.8%52.4%66.2%64.7%55.2%
Skew 25d-18.6%-23.6%-15.9%-23.6%-19.3%
Skew 10d-35.9%-47.9%-31.3%-47.9%-39.8%
Call IV 25d64.7%58.0%73.7%73.7%67.7%
Put IV 25d46.1%42.1%50.3%50.1%48.5%
Bid-Ask Spread %7.431.4325.981.582.53
Gamma HHI0.160.110.250.140.17
Net GEX12.3M6.9M21.2M11.2M13.7M
Net DEX-96.0M-209.5M-13.1M-209.2M-112.8M
Net VEX-1.3M-1.5M-1.2M-1.5M-1.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.170.080.400.150.11
Total Volume36,836.33322,40968,79633,49926,345
Total OI171,539.429137,281211,228137,281169,746

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$92.40$90.0060.5%16.5%38.2%19.2%64.7%-23.6%-0.8%11.2M-209.2M-1.5M0.151.58N/AN/A29,0364,463107,10330,178
2025-09-03$90.55$90.0056.1%15.2%38.4%15.5%60.0%-22.1%-0.7%11.0M-154.9M-1.4M0.201.43N/AN/A21,3174,261112,00831,514
2025-09-04$87.85$80.0052.9%15.8%38.0%12.9%57.7%-19.7%-0.8%10.9M-108.7M-1.3M0.157.21N/AN/A26,2533,871119,68932,248
2025-09-05$87.60$80.0051.7%15.6%38.0%11.9%54.9%-18.6%-0.0%11.5M-114.6M-1.3M0.268.15N/AN/A35,9759,235128,64733,047
2025-09-08$86.00$80.0049.4%14.3%37.1%10.0%56.7%-19.3%0.4%10.0M-80.2M-1.3M0.178.13N/AN/A19,8513,320121,28032,039
2025-09-09$85.60$80.0049.3%14.3%37.1%9.9%54.6%-19.6%0.3%12.8M-97.2M-1.4M0.179.80N/AN/A19,1353,274129,95433,386
2025-09-10$85.45$80.0050.1%14.5%34.8%10.6%53.9%-19.1%0.0%14.2M-98.5M-1.3M0.198.51N/AN/A25,2374,752135,46733,410
2025-09-11$83.55$80.0047.8%14.5%35.7%8.6%52.4%-16.9%3.4%11.0M-26.3M-1.2M0.157.63N/AN/A24,6483,655142,04536,100
2025-09-12$82.75$80.0048.6%14.6%35.8%9.3%54.3%-15.9%3.4%9.9M-20.3M-1.2M0.4010.91N/AN/A28,20011,167148,36136,146
2025-09-15$81.00$80.0049.3%14.2%35.9%9.9%58.8%-18.7%1.5%6.9M-20.4M-1.2M0.219.12N/AN/A20,4404,318130,28734,579
2025-09-16$80.80$80.0050.7%14.6%35.9%11.1%57.6%-19.1%1.1%9.5M-51.4M-1.3M0.177.88N/AN/A23,6714,032140,50936,684
2025-09-17$81.50$80.0049.0%14.0%32.0%9.7%57.2%-17.1%3.4%12.9M-74.2M-1.3M0.1225.98N/AN/A61,2437,553152,77638,053
2025-09-18$79.20$80.0051.4%14.7%32.1%11.7%57.0%-16.3%0.0%9.8M-13.1M-1.3M0.1510.53N/AN/A42,0006,153159,92739,627
2025-09-19$78.05$80.0051.6%15.1%31.0%11.9%58.6%-16.2%-3.1%8.3M-20.3M-1.3M0.158.76N/AN/A39,2645,893172,66938,559
2025-09-22$76.45$75.0053.9%15.3%28.3%13.7%63.2%-16.1%2.2%9.0M-47.3M-1.3M0.1110.05N/AN/A40,2864,445126,37832,684
2025-09-23$77.95$75.0055.2%15.5%29.7%14.8%66.2%-18.7%1.5%16.5M-132.6M-1.4M0.088.41N/AN/A38,9263,175138,99234,570
2025-09-24$78.05$75.0053.8%15.3%29.7%13.6%59.2%-16.6%2.6%19.0M-158.0M-1.4M0.122.38N/AN/A34,6344,318144,08935,693
2025-09-25$78.95$75.0057.3%16.3%30.4%16.5%60.7%-20.4%2.4%21.2M-209.5M-1.5M0.112.40N/AN/A54,4226,185149,68636,110
2025-09-26$77.85$75.0052.2%14.4%30.0%12.3%55.1%-17.4%3.0%18.2M-158.4M-1.4M0.212.48N/AN/A30,9536,551153,15437,290
2025-09-29$76.80$75.0054.3%14.7%25.3%14.1%56.4%-19.5%0.5%11.7M-108.3M-1.3M0.142.11N/AN/A27,2263,880125,85231,792
2025-09-30$76.60$75.0054.8%14.7%21.3%14.5%55.2%-19.3%0.3%13.7M-112.8M-1.3M0.112.53N/AN/A23,6522,693136,01833,728