QQQ Options
QQQ $687.18 · Updated Nov 10, 4:00 PM ET
QQQ is at $687.18. The nearest expiration, Nov 11, 2026 (1 day out), lists 194 strikes, with 368,545 calls and 424,317 puts traded in the latest session. At-the-money implied volatility is 24.4%. The at-the-money straddle prices a move of about $12.58 (1.8%) by expiration.
QQQ Options Chain
QQQ is at $687.18. The nearest expiration, Nov 11, 2026 (1 day out), lists 194 strikes, with 368,545 calls and 424,317 puts traded in the latest session. At-the-money implied volatility is 24.4%. The at-the-money straddle prices a move of about $12.58 (1.8%) by expiration.
QQQ Gamma Exposure (GEX)
QQQ total dealer gamma exposure is -$4.04B across all listed expirations. Negative GEX means dealers are net short gamma; their hedging tends to amplify price moves. The gamma flip is $686.28, with spot 0.1% above it. The call wall is $700.00 and the put wall $680.00.
QQQ Max Pain
QQQ max pain for Nov 11, 2026 (1 day out) is $674.00, 1.9% below the current $687.18. That is the settlement price at which the open contracts on that date would pay holders the least. For Dec 11, 2026, max pain is $680.00.
QQQ Put/Call Ratio (Put to Call Ratio)
Across every listed QQQ expiration, the put/call ratio is 1.16 by volume and 1.10 by open interest. More puts than calls are trading, a defensive tilt. 5,810,770 puts and 5,259,842 calls are open in total.
QQQ Implied Volatility
QQQ at-the-money implied volatility is 24.4% for Nov 11, 2026 (1 day out). For Dec 11, 2026 it is 23.8%. Near-term volatility is priced above longer-dated volatility, an inverted term structure that usually accompanies an event or stress.
QQQ Open Interest by Strike
Across all QQQ expirations, the largest call open interest near the current $687.18 sits at the $700.00 strike (222,690 contracts) and the largest put open interest at $650.00 (324,247). 5,259,842 calls and 5,810,770 puts are open in total.
QQQ Expected Move
The options market prices QQQ to move about $12.58 (1.8%) by Nov 11, 2026, a range of $674.60 to $699.76. For Dec 11, 2026 (31 days out) the expected move is $36.99 (5.4%).