Financials

Nasdaq Inc (NDAQ) options and signal

Figures as of 28 Sep 2026

NDAQ is Nasdaq Inc, a Financials name the model ranks every trading day. The options figures are from the close on 28 Sep 2026. The model's figures are from 25 Sep 2026, one trading day behind the latest, as the Free plan shows them. Every model figure is paper trading.

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At a glance

Figure	Value	Date
IV rank	92 of 100	28 Sep
At the money IV	34.0%	28 Sep
Priced move to 30 Oct	10.0% down, 10.8% up	28 Sep
Call wall and put wall	110 and 90	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	92.62	28 Sep
Next report	22 Oct 2026	28 Sep

Options Snapshot

NDAQ's IV rank is 92 of 100 on 28 Sep 2026.

Figure	Value
IV rank	92 of 100
At the money IV	34.0%, near month, 32 days
Put/call ratio, open interest	0.39
Call open interest, strikes captured near the price	13,700 contracts
Put open interest, strikes captured near the price	5,320 contracts
Cost to trade at the money	Wide, 44.8% of the option's mid price

IV rank is where the at the money IV sits among NDAQ's own weekly readings, 0 the lowest and 100 the highest.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Priced Range

On 28 Sep 2026, NDAQ options priced a move of 10.0 percent down and 10.8 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	5.0%	3.5%	88.02 to 95.83
9 Oct 2026	11	6.3%	5.3%	86.76 to 97.55
23 Oct 2026	25	9.3%	9.2%	84.01 to 101.14
30 Oct 2026	32	10.0%	10.8%	83.36 to 102.58
20 Nov 2026	53	11.7%	12.4%	81.82 to 104.12
18 Dec 2026	81	14.6%	15.0%	79.12 to 106.52
19 Mar 2027	172	20.2%	23.0%	73.92 to 113.92

The range is one standard deviation either side of the close of 92.62, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Gamma Map

On 28 Sep 2026, NDAQ's call wall is the 110 strike and its put wall is the 90 strike.

Figure	Value
Call wall, most open call gamma	110
Put wall, most open put gamma	90
Net dollar gamma, calls minus puts	$1.22 million
Total dollar gamma, both sides	$3.67 million
Close	92.62

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

Net gamma changes sign at 6 strikes, so no single flip strike is named.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility History

On 28 Sep 2026, NDAQ's at the money IV is 34.0 percent against 20 day realized volatility of 26.6 percent.

Figure	Value
At the money IV	34.0%
Realized volatility, 20 trading days	26.6%
Realized volatility, 60 trading days	24.6%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	863, from 8 Jan 2010
Weeks the price moved more than the one week priced move	27.8% of 252 weeks

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Weather

On 28 Sep 2026, NDAQ's at the money IV runs from 33.5 percent at 4 days to 30.6 percent at 172 days.

Days to expiry	At the money IV
4	33.5%
11	33.9%
18	34.1%
25	35.4%
39	32.6%
53	32.6%
81	33.0%
172	30.6%

Near expiries price more volatility than far ones, an inverted term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Smile

On 28 Sep 2026, at the 32 day expiry, NDAQ's IV ten percent below the price sits 8.3 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	42.3%	+8.3 points
At the money	34.0%	0.0 points
10% above the price	37.0%	+2.9 points

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Surface

On 28 Sep 2026, NDAQ's surface spans 10 expiries out to 172 days, with IV from 28.4 to 71.3 percent near the price.

Figure	Value
Expiries captured	10
Nearest expiry	2 Oct 2026, 4 days
Farthest expiry	19 Mar 2027, 172 days
Points within 10% of the price, 7 days out or more	93
Lowest IV among them	28.4%
Highest IV among them	71.3%

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Expiry Ladder

On 28 Sep 2026, NDAQ has 10 captured expiries, from 2 Oct 2026 to 19 Mar 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
2 Oct 2026	4	33.5%	286	197
9 Oct 2026	11	33.9%	380	288
16 Oct 2026	18	34.1%	1,279	360
23 Oct 2026	25	35.4%	45	20
30 Oct 2026	32	34.0%	48	75
6 Nov 2026	39	32.6%	3	1
20 Nov 2026	53	32.6%	62	1,158
18 Dec 2026	81	33.0%	6,034	1,387
15 Jan 2027	109	30.4%	4,169	1,176
19 Mar 2027	172	30.6%	1,420	663

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Strike Table

On 28 Sep 2026, NDAQ's largest open interest sits at the 110 strike, with 3,632 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
110	3,632	0	3,632
90	900	1,412	2,312
100	1,264	269	1,533
105	1,426	7	1,433
120	1,409	0	1,409
95	702	268	970

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, NDAQ's at the money IV moved from 30.8 percent to 34.0 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	30.8%	34.0%	+3.2 points
Open interest, strikes captured near the price	17,799	19,051	+1,252
Put/call ratio, open interest	0.30	0.39	+0.09

Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Changed Hands

On 28 Sep 2026, 3,272 NDAQ option contracts traded, 1.2 times its own recent average.

Figure	Value
Calls traded	859
Puts traded	2,413
Against its recent average	1.2 times
Busier than	15 of its last 20 trading days
Open interest, whole chain	19,995 contracts
Volume to open interest	0.16
Unusual volume flag	No

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Positioning Replay

The replay holds 33 trading days of NDAQ's option positioning, from 11 Aug 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
11 Aug 2026	95.02	$1.8 million	95	90
21 Sep 2026	94.69	$1.03 million	100	90
28 Sep 2026	92.62	$1.22 million	110	90

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Read-out

On 25 Sep 2026 the desk's view of NDAQ was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	94.61, the swing high of 2 Sep 2026
Level below the close	87.94, the swing low of 16 Sep 2026
Strategy family	Iron condor (sell both sides, defined risk)
Price target	None. The desk has no price model.

The levels are prices the shares turned at on the chart, with the date of each.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Read-out in RingMaster The Read-out guide

Rank by Timeframe

On 25 Sep 2026 NDAQ sat at the 36th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	39 of 100	Neutral
20 trading days	49 of 100	Neutral
45 trading days	36 of 100	Neutral

100 is the top of the ranking. A name in the middle three fifths is neutral.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Timeframe Agreement

On 25 Sep 2026 NDAQ's near timeframes were neutral and its long timeframe was neutral, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Neutral	0 of 2
Long	45 day	Neutral	0 of 1

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Signal History

On 25 Sep 2026 NDAQ had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	36 of 100
24 Sep 2026	None	38 of 100
23 Sep 2026	None	62 of 100
22 Sep 2026	None	49 of 100
21 Sep 2026	None	73 of 100
18 Sep 2026	None	79 of 100
17 Sep 2026	None	60 of 100
16 Sep 2026	None	65 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Sector Split

On 25 Sep 2026, 63 of 135 Financials names were bullish and 32 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Financials	135	63	32	40

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Price Chart

NDAQ closed at 92.62 on 28 Sep 2026.

Figure	Value
Last close	92.62
Change over 5 trading days	-2.2%
Change over 21 trading days	-6.8%
Change over 63 trading days	+20.5%
Change over 252 trading days	+6.8%
52 week high	101.79
52 week low	76.55
20 day moving average	93.98
50 day moving average	94.87
200 day moving average	90.69
RSI, 14 days	45

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

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Earnings Radar

NDAQ reports next on 22 Oct 2026, a date worked out from past quarters.

Figure	Value
Next report	22 Oct 2026, before the open
Date	Worked out from past quarters
Move after the report of 24 Apr 2026	+0.6%
Move after the report of 22 Jan 2026	-0.7%
Move after the report of 24 Apr 2025	+1.7%
Move after the report of 29 Jan 2025	+0.7%

Earnings calendar as of 28 Sep 2026. Current on every plan.

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Public Filings

Company insiders reported 0 purchases and 1 sale of NDAQ in the filings the desk holds.

Filed	Who	Trade	Size
22 Sep 2026	Skule Jeremy, EVP, CSO	Sold	1,125 shares, $106,875

Every filing is reproduced as filed, and each one reaches the public days or weeks after the trade.

Filings as of 28 Sep 2026. Current on every plan.

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Short Volume

On 25 Sep 2026, 39.8 percent of NDAQ's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	39.8%
Five day average	40.1%
52 week median	42.4%
Short interest, share of shares outstanding	1.3% at the 15 Sep 2026 settlement
Days to cover	2.6

Short sale volume counts trades marked short at the covered venues, mostly off exchange. It is not the same as short interest.

Short volume as of 25 Sep 2026. Current on every plan.

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Seasonality

In the 23 Septembers on record, NDAQ's average change was plus 0.8 percent, and it rose in 47.8 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+0.8%	-0.5%	47.8%	23
October	+4.8%	+2.1%	73.9%	23
November	+4.1%	+4.8%	87.0%	23

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 28 Sep 2026. Current on every plan.

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Headlines

The desk's news feeds carried 1 headline naming NDAQ in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	1
Latest	28 Sep 2026

The titles are in the Headlines window, with the time each was published.

Headlines as of 28 Sep 2026. Current on every plan.

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Questions

What is NDAQ's IV rank?: NDAQ's IV rank is 92 of 100 on 28 Sep 2026.
What move are NDAQ options pricing?: On 28 Sep 2026, NDAQ options priced a move of 10.0 percent down and 10.8 percent up by 30 Oct 2026.
Where are NDAQ's call wall and put wall?: On 28 Sep 2026, NDAQ's call wall is the 110 strike and its put wall is the 90 strike.
What was the desk's latest view of NDAQ on the Free plan?: On 25 Sep 2026 the desk's view of NDAQ was neutral, paper trading.
When does NDAQ report earnings next?: NDAQ reports next on 22 Oct 2026, a date worked out from past quarters.

More Financials names

Guides and the full list

Membership gets tonight's signals the night they publish. Free gets every options screen, never delayed, and the signals one trading day behind.

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