Nasdaq 100 ETF options
Nasdaq 100 ETF trades at 657.50; 30-day implied volatility is 29.4%, and the market prices a ±4.43% expected move into the 2026-11-13 expiry, 6 days out.
Cheap or dear right now
- Slightly cheap: IV30 sits 3.3 points below 20-day realised volatility.
- Over the next 6 days (expiring 2026-11-13) the market prices a one-standard-deviation move of ±4.43%, about 29.16 points.
- Skew 7.2: puts are pricier than calls, so the market is paying up for downside protection.
Pricing across strikes
2026-11-13 expiry (6 days), spot 657.50. The further apart the two lines, the bigger the skew.
Implied volatility by expiry
Near-dated IV above far-dated (inverted) points to short-term event risk; the reverse suggests calm now and more movement later.
Where the open interest sits
Bar height is open interest; max pain is the strike that minimises the total value of expiring options.
2026-11-13 expiry, five strikes either side of the money
IV is the implied volatility at that strike; OI is open interest.
| Call OI | Call IV | Strike | Put IV | Put OI |
|---|---|---|---|---|
| 608 | 35.7% | 652 | 35.8% | 819 |
| 206 | 35.4% | 653 | 35.5% | 297 |
| 181 | 35.2% | 654 | 35.3% | 369 |
| 3,357 | 35.0% | 655 | 35.1% | 1,632 |
| 108 | 34.8% | 656 | 34.8% | 411 |
| 419 | 34.6% | 657 ATM | 34.6% | 368 |
| 271 | 34.3% | 658 | 34.4% | 623 |
| 392 | 34.1% | 659 | 34.2% | 422 |
| 2,664 | 33.8% | 660 | 33.9% | 7,893 |
| 351 | 33.7% | 661 | 33.7% | 502 |
| 270 | 33.4% | 662 | 33.5% | 293 |
FAQ
Is the expected move a guarantee?
No. It is a one-standard-deviation move implied by at-the-money option prices — the market's current price for movement, not a forecast or a guarantee.
Why is IV rank empty?
IV rank needs a year of IV30 history. Our database records IV30 once a day and shows a value after 20 trading days; until then the page shows collection progress.
What does a positive skew mean?
25-delta puts carry a higher implied volatility than calls at the same expiry, so the market is paying more for downside protection — typical when hedging demand rises.
Can I trade straight off this page?
No. This is volatility and pricing information, not a buy or sell signal.
Data from CBOE delayed quotes (about 15 minutes behind), for information only and not investment advice. Options carry high risk and can lose the entire premium.