QQQD - Direxion Daily Magnificent 7 Bear 1X ETF
These Direxion exchange-traded funds, known as the Daily Magnificent 7 Bull 2X and Bear 1X ETFs, are structured to deliver daily investment outcomes. Specifically, before any fees or expenses are factored in, they endeavor to provide returns equal to either two times (200%) the daily movement of the Indxx Magnificent 7 Index, or the exact inverse (100% opposite) of that index's daily performance. It is crucial to understand that there is no assurance these funds will successfully achieve their intended daily investment targets.
As of Jun 30, 2026: spot at $13.23, ATM IV 11.7%, max pain $13.00, net GEX $45.3K.
- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Market Cap
- $15.9M
- Beta
- -1.33
- 52-Week Range
- 12.01-16.003
- Dividend Yield
- $0.40
- IPO Date
- Mar 8, 2024
- Exchange
- AMEX
What QQQD Looks Like to Options Traders Today
IV rank of 0.0% is subdued relative to the 1-year history, conditions that typically favor premium-buying or long-volatility structures (debit spreads, calendar spreads, long straddles); positive net gamma exposure ($45.3K) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (0.283) prices calls richer than puts, often reflecting upside speculation or squeeze risk.
What This Page Covers
The QQQD overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked QQQD overview questions
- What is QQQD?
- QQQD is the ticker symbol for Direxion Daily Magnificent 7 Bear 1X ETF, an listed exchange-traded fund. These Direxion exchange-traded funds, known as the Daily Magnificent 7 Bull 2X and Bear 1X ETFs, are structured to deliver daily investment outcomes. Specifically, before any fees or expenses are factored in, they endeavor to provide returns equal to either two times (200%) the daily movement of the Indxx Magnificent 7 Index, or the exact inverse (100% opposite) of that index's daily performance. Listed on AMEX. QQQD is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What does the QQQD options snapshot look like today?
- As of Jun 30, 2026, the QQQD options snapshot shows spot at $13.23, ATM IV 11.7%, IV rank 0.0%, max pain $13.00, net GEX $45.3K, expected move 3.35%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are QQQD's key statistics?
- Direxion Daily Magnificent 7 Bear 1X ETF (QQQD) carries a market capitalization of $15.9M, 52-week range of 12.01-16.003. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does QQQD belong to?
- Direxion Daily Magnificent 7 Bear 1X ETF operates in the Financial Services sector, in the Asset Management - Leveraged industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare QQQD's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the QQQD data on this page?
- The options snapshot above is dated Jun 30, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.