NDX Options
NDX $27,740.79 · Updated Nov 10, 4:00 PM ET
NDX is at $27,740.79. The nearest expiration, Nov 11, 2026 (1 day out), lists 542 strikes, with 3,216 calls and 4,075 puts traded in the latest session. At-the-money implied volatility is 28.3%. The at-the-money straddle prices a move of about $326.20 (1.2%) by expiration.
NDX Options Chain
NDX is at $27,740.79. The nearest expiration, Nov 11, 2026 (1 day out), lists 542 strikes, with 3,216 calls and 4,075 puts traded in the latest session. At-the-money implied volatility is 28.3%. The at-the-money straddle prices a move of about $326.20 (1.2%) by expiration.
NDX Gamma Exposure (GEX)
NDX total dealer gamma exposure is -$618M across all listed expirations. Negative GEX means dealers are net short gamma; their hedging tends to amplify price moves. The gamma flip is $27,854.57, with spot 0.4% below it. The call wall is $29,000.00 and the put wall $27,000.00.
NDX Max Pain
NDX max pain for Nov 11, 2026 (1 day out) is $27,880.00, 0.5% above the current $27,740.79. That is the settlement price at which the open contracts on that date would pay holders the least. For Dec 10, 2026, max pain is $27,850.00.
NDX Put/Call Ratio (Put to Call Ratio)
Across every listed NDX expiration, the put/call ratio is 1.09 by volume and 1.11 by open interest. More puts than calls are trading, a defensive tilt. 91,009 puts and 82,259 calls are open in total.
NDX Implied Volatility
NDX at-the-money implied volatility is 28.3% for Nov 11, 2026 (1 day out). For Dec 10, 2026 it is 24.8%. Near-term volatility is priced above longer-dated volatility, an inverted term structure that usually accompanies an event or stress.
NDX Open Interest by Strike
Across all NDX expirations, the largest call open interest near the current $27,740.79 sits at the $29,675.00 strike (3,597 contracts) and the largest put open interest at $27,000.00 (4,729). 82,259 calls and 91,009 puts are open in total.
NDX Expected Move
The options market prices NDX to move about $326.20 (1.2%) by Nov 11, 2026, a range of $27,414.59 to $28,066.99. For Dec 10, 2026 (30 days out) the expected move is $1,572.10 (5.7%).