QQQ Options
QQQ $712.20 · Updated Oct 26, 4:00 PM ET
QQQ is at $712.20. The nearest expiration, Oct 27, 2026 (1 day out), lists 143 strikes, with 357,756 calls and 418,422 puts traded in the latest session. At-the-money implied volatility is 21.2%. The at-the-money straddle prices a move of about $6.26 (0.9%) by expiration.
QQQ Options Chain
QQQ is at $712.20. The nearest expiration, Oct 27, 2026 (1 day out), lists 143 strikes, with 357,756 calls and 418,422 puts traded in the latest session. At-the-money implied volatility is 21.2%. The at-the-money straddle prices a move of about $6.26 (0.9%) by expiration.
QQQ Gamma Exposure (GEX)
QQQ total dealer gamma exposure is -$4.91B across all listed expirations. Negative GEX means dealers are net short gamma; their hedging tends to amplify price moves. The gamma flip is $728.15, with spot 2.2% below it. The call wall is $720.00 and the put wall $700.00.
QQQ Max Pain
QQQ max pain for Oct 27, 2026 (1 day out) is $715.00, 0.4% above the current $712.20. That is the settlement price at which the open contracts on that date would pay holders the least. For Nov 27, 2026, max pain is $722.00.
QQQ Put/Call Ratio
Across every listed QQQ expiration, the put/call ratio is 1.67 by volume and 1.63 by open interest. More puts than calls are trading, a defensive tilt. 2,648,869 puts and 1,629,889 calls are open in total.
QQQ Implied Volatility
QQQ at-the-money implied volatility is 21.2% for Oct 27, 2026 (1 day out). For Nov 27, 2026 it is 22.8%. Longer-dated volatility is priced at or above near-term volatility, the normal upward-sloping term structure.
QQQ Open Interest by Strike
Across all QQQ expirations, the largest call open interest near the current $712.20 sits at the $760.00 strike (107,742 contracts) and the largest put open interest at $690.00 (194,847). 1,629,889 calls and 2,648,869 puts are open in total.
QQQ Expected Move
The options market prices QQQ to move about $6.26 (0.9%) by Oct 27, 2026, a range of $705.95 to $718.46. For Nov 27, 2026 (32 days out) the expected move is $38.22 (5.4%).