ProShares - UltraPro Short QQQ (SQQQ · ETF)
Overview · Option chain · Volatility · Expected-move history
Cboe delayed options data · as of 03:43 UTC · Figures derived from the full chain (1,156 contracts, 12 expirations) · IV own-history percentile appears after 60 recorded days (29 so far)
Expected move · Nov 20, 2026 (32 days)
Methodology →Read from option prices: the at-the-money straddle costs this much, so the market is pricing a move of about that size in either direction by this date. It is an estimate of movement, not a prediction of direction.
Options are pricing a move of about ±14.9% (range 31.84–43.01) by Nov 20, 2026. ATM straddle: 5.58 @ strike 37.5 · ATM IV: 63.2%.
Probability distribution
Model & assumptions →The curve shows where a lognormal model, fed with current implied volatility, puts the range of outcomes at this expiration. Shaded: the expected-move band.
| Level | vs price | P(above)Model-estimated chance the stock finishes above a level at expiration, derived from current IV under a lognormal model with stated assumptions — an estimate, not a prediction. | P(below) |
|---|---|---|---|
| 33.68 | -10% | 68.1% | 31.9% |
| 35.55 | -5% | 57.2% | 42.8% |
| 37.42 | -0% | 46.3% | 53.7% |
| 39.29 | +5% | 36.2% | 63.8% |
| 41.16 | +10% | 27.3% | 72.7% |
Model-estimated probabilities of finishing above/below each level at expiration: estimates under stated assumptions, not predictions.
Probability explorer
Drag the slider to any level and see the model-estimated chance the stock finishes above or below it at the selected expiration.
Horizon: Nov 20, 2026 · lognormal model with zero drift: an estimate, not a prediction. Assumptions
Expirations
Open the chain →| Expires | DTEDays to expiration, in calendar days. | Implied move | ATM IV | Open int. |
|---|---|---|---|---|
| Oct 23, 2026 | 4 | ±6.0% | 71.1% | 42.3K |
| Oct 30, 2026 | 11 | ±9.8% | 70.5% | 24.0K |
| Nov 06, 2026 | 18 | ±12.3% | 69.5% | 11.5K |
| Nov 13, 2026 | 25 | ±13.9% | 66.3% | 3,876 |
| Nov 20, 2026 | 32 | ±14.9% | 63.2% | 40.7K |
| Nov 27, 2026 | 39 | ±17.0% | 65.3% | 3,226 |
| Dec 18, 2026 | 60 | ±21.0% | 65.6% | 54.5K |
| Jan 15, 2027 | 88 | ±23.9% | 60.3% | 109.9K |
| Mar 19, 2027 | 151 | ±32.2% | 64.1% | 18.8K |
Open interest by strike · Nov 20
Where option positions are concentrated. Teal bars are calls, red bars are puts; the dashed line is the current price.
Largest open-interest concentrations (all expirations ≤ 60 days): 40 C · 23.7K35 C · 19.9K38 C · 10.2K39 C · 9,88450 C · 7,763
IV term structure
Volatility page →At-the-money implied volatility for each expiration. A hump around a date often marks a scheduled event the market is pricing.
When does open interest expire?
Implied vs realized volatility
HV from our stored daily closes (annualized); IV30 interpolated from the chain. Method
Price, last 60 sessions
Daily closes; Financial Modeling Prep.
Track record
Full history →Of 121 recorded snapshot-versus-outcome comparisons so far, the close landed inside the expected range 48.8% of the time.
About ProShares - UltraPro Short QQQ
This ProShares fund is designed to provide daily returns that are three times the opposite (or inverse) of the Nasdaq-100 Index's daily movement, calculated before deducting any fees and expenses.
ETF · Asset Management - Leveraged · NASDAQ · Profile: Financial Modeling Prep
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