QQQ Options
QQQ $714.44 · Updated Oct 26, 4:00 PM ET
QQQ is at $714.44. The nearest expiration, Oct 27, 2026 (1 day out), lists 157 strikes, with 354,940 calls and 416,761 puts traded in the latest session. At-the-money implied volatility is 20.3%. The at-the-money straddle prices a move of about $6.21 (0.9%) by expiration.
QQQ Options Chain
QQQ is at $714.44. The nearest expiration, Oct 27, 2026 (1 day out), lists 157 strikes, with 354,940 calls and 416,761 puts traded in the latest session. At-the-money implied volatility is 20.3%. The at-the-money straddle prices a move of about $6.21 (0.9%) by expiration.
QQQ Gamma Exposure (GEX)
QQQ total dealer gamma exposure is -$5.69B across all listed expirations. Negative GEX means dealers are net short gamma; their hedging tends to amplify price moves. The gamma flip is $727.84, with spot 1.8% below it. The call wall is $725.00 and the put wall $700.00.
QQQ Max Pain
QQQ max pain for Oct 27, 2026 (1 day out) is $715.00, 0.1% above the current $714.44. 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 1.62 by volume and 1.43 by open interest. More puts than calls are trading, a defensive tilt. 5,808,240 puts and 4,062,785 calls are open in total.
QQQ Implied Volatility
QQQ at-the-money implied volatility is 20.3% for Oct 27, 2026 (1 day out). For Nov 27, 2026 it is 22.5%. 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 $714.44 sits at the $760.00 strike (159,698 contracts) and the largest put open interest at $670.00 (336,619). 4,062,785 calls and 5,808,240 puts are open in total.
QQQ Expected Move
The options market prices QQQ to move about $6.21 (0.9%) by Oct 27, 2026, a range of $708.24 to $720.65. For Nov 27, 2026 (32 days out) the expected move is $38.08 (5.3%).