NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) Expected Move
Expected move estimates the probable price range for a given period based on at-the-money options pricing. It reflects the market consensus for volatility over the selected timeframe.
NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $363.7M, listed on NASDAQ, carrying a beta of 0.77 to the broader market. The NEOS Nasdaq-100 Hedged Equity Income ETF seeks high monthly income in a tax efficient manner with a measure of downside protection. public since 2019-12-20.
Snapshot as of May 15, 2026.
- Spot Price
- $55.77
- Expected Move
- 1.7%
- Implied High
- $56.71
- Implied Low
- $54.83
- Front DTE
- 34 days
As of May 15, 2026, NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) has an expected move of 1.69%, a one-standard-deviation implied price range of roughly $54.83 to $56.71 from the current $55.77. Expected move is derived from at-the-money straddle pricing and represents the market's pricing of a ±1σ move. Roughly 68% of outcomes should fall within this range under lognormal assumptions, though empirical markets have fatter tails.
QQQH Strategy Sizing to the Expected Move
With NEOS Nasdaq-100 Hedged Equity Income ETF pricing an expected move of 1.69% from $55.77, risk-defined strategies sized to the implied range structurally target the modal outcome distribution. Iron condors with wings at the ±1σ expected move boundaries collect premium against the ~68% probability that spot stays inside the range under lognormal assumptions; strangles set wider at ±1.5σ or ±2σ target the tails but pay smaller per-trade premium. Long-vol structures (long straddles, ratio backspreads) profit when realized move exceeds the implied move, the inverse trade: they bet against the lognormal assumption itself, capitalizing on the empirically fatter equity-return tails.
Learn how expected move is reported and how to read the data →
Per-expiration expected move for QQQH derived from ATM implied volatility at each listed expiration. Implied high/low bounds are computed as $55.77 × (1 ± expected move %). One standard-deviation range under lognormal assumptions, roughly 68% of outcomes fall inside.
| Expiration | DTE | ATM IV | Expected Move | Implied High | Implied Low |
|---|---|---|---|---|---|
| Jun 18, 2026 | 34 | 5.9% | 1.8% | $56.77 | $54.77 |
| Jul 17, 2026 | 63 | 18.7% | 7.8% | $60.10 | $51.44 |
| Sep 18, 2026 | 126 | 6.3% | 3.7% | $57.83 | $53.71 |
| Dec 18, 2026 | 217 | 16.8% | 13.0% | $62.99 | $48.55 |
Frequently asked QQQH expected move questions
- What is the current QQQH expected move?
- As of May 15, 2026, NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) has an expected move of 1.69% over the next 34 days, implying a one-standard-deviation price range of $54.83 to $56.71 from the current $55.77. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.
- What does the QQQH expected move mean for traders?
- Roughly 68% of outcomes should fall within ±1 expected move and 95% within ±2 under lognormal assumptions, though equity returns have empirically fatter tails than log-normal predicts. Strategies sized to the expected move (iron condors at ±1σ, strangles at ±1.5σ) target the typical outcome distribution; strategies that profit from tail moves (long-vol structures, ratio backspreads) target the tails the lognormal model under-prices.
- How is QQQH expected move calculated?
- The expected move displayed here is derived from at-the-money implied volatility scaled to the chosen tenor: expected move % is approximately ATM IV times sqrt(T / 365), where T is days to expiration. An equivalent straddle-based form: the ATM straddle (call + put at the same strike) is roughly sqrt(2/pi) times spot times IV times sqrt(T/365), so the implied one-standard-deviation move is approximately 1.25 times ATM straddle divided by spot. The two formulations agree once the sqrt(2/pi) constant is reconciled.