Bear Put Spreads Below the 200-Day
Bear Put Spread356 trades pass on QQQ
- Return on risk
- 57.5% to 285.7%
- Probability of profit
- 34.6% to 64.1%
Invesco QQQ Trust, Series 1 · ETFETF
In the app, stock prices are live and options data is refreshed intraday.
QQQ last closed at $679.89 with 30-day implied volatility of 25.4%. That is in the upper half of its one-year range (IV rank 55), so premiums are somewhat richer than usual for QQQ. Measured by IV percentile, IV is higher than 85% of the past year's readings. Options expiring Dec 11 (28 days out) price a one standard deviation move of about $48.04, or 7.1%.
The price is below both its 50-day (-5.3%) and 200-day (-0.3%) moving averages. It is 10.5% below its 52-week high and 21.8% above its 52-week low. The 14-day RSI of 42.8 is between 30 and 70, neither overbought nor oversold. The 14-day average true range is $16.34, about 2.4% of the price, a measure of a typical day's range.
Option volume at the close (5.24M contracts) was 1.0x its average, close to normal. A beta of 1.46 means QQQ has tended to move about 1.5 times as much as the broad market. 3 of our preset screens found trades on QQQ at the close, led by Bear Put Spreads Below the 200-Day with 356 trades.
Expected move = price x at-the-money IV x the square root of (days to expiration / 365), a one standard deviation range. The straddle is the at-the-money call plus put, the market's own price for a move. Compare expected moves across stocks.
| Expiration | IV | Expected move | 1 SD range | Straddle |
|---|---|---|---|---|
| Nov 16, 20263 days | 20.4% | ±$12.60 (1.9%) | $667.29 to $692.49 | $10.06 |
| Dec 11, 202628 days | 25.5% | ±$48.04 (7.1%) | $631.85 to $727.93 | $38.31 |
| Jan 15, 202763 days | 24.3% | ±$68.65 (10.1%) | $611.24 to $748.54 | $54.70 |
| Feb 19, 202798 days | 24.1% | ±$84.85 (12.5%) | $595.04 to $764.74 | $67.56 |
Each expiration has its own implied volatility, and short-dated IV reacts more to near-term events, so the nearest expiration can differ a lot from the 30-day figure.
Counts and ranges for QQQ from our preset scans at the last close. Open a preset in the app to see each trade with its strikes, prices, and risk, refreshed intraday. Income strategies show annualized return; the rest show return on risk.
356 trades pass on QQQ
87 trades pass on QQQ
6 trades pass on QQQ
Market data as of the prior close, for information and education only. Not investment advice. Options involve substantial risk and are not suitable for every investor. See our Terms of Service.