ProShares - UltraPro Short QQQ (SQQQ) 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.
ProShares - UltraPro Short QQQ (SQQQ) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $2.14B, listed on NASDAQ, carrying a beta of -3.08 to the broader market. ProShares UltraPro Short QQQ seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the Nasdaq-100 Index. public since 2010-02-11.
Snapshot as of May 15, 2026.
- Spot Price
- $42.75
- Expected Move
- 19.9%
- Implied High
- $51.25
- Implied Low
- $34.25
- Front DTE
- 28 days
As of May 15, 2026, ProShares - UltraPro Short QQQ (SQQQ) has an expected move of 19.89%, a one-standard-deviation implied price range of roughly $34.25 to $51.25 from the current $42.75. 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.
SQQQ Strategy Sizing to the Expected Move
With ProShares - UltraPro Short QQQ pricing an expected move of 19.89% from $42.75, 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 SQQQ derived from ATM implied volatility at each listed expiration. Implied high/low bounds are computed as $42.75 × (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 |
|---|---|---|---|---|---|
| May 22, 2026 | 7 | 69.1% | 9.6% | $46.84 | $38.66 |
| May 29, 2026 | 14 | 67.4% | 13.2% | $48.39 | $37.11 |
| Jun 5, 2026 | 21 | 67.5% | 16.2% | $49.67 | $35.83 |
| Jun 12, 2026 | 28 | 67.6% | 18.7% | $50.75 | $34.75 |
| Jun 18, 2026 | 34 | 72.2% | 22.0% | $52.17 | $33.33 |
| Jun 26, 2026 | 42 | 70.7% | 24.0% | $53.00 | $32.50 |
| Jul 17, 2026 | 63 | 72.0% | 29.9% | $55.54 | $29.96 |
| Sep 18, 2026 | 126 | 75.5% | 44.4% | $61.71 | $23.79 |
| Dec 18, 2026 | 217 | 79.5% | 61.3% | $68.96 | $16.54 |
| Jan 15, 2027 | 245 | 80.7% | 66.1% | $71.01 | $14.49 |
| Jan 21, 2028 | 616 | 86.7% | 112.6% | $90.90 | $-5.40 |
Frequently asked SQQQ expected move questions
- What is the current SQQQ expected move?
- As of May 15, 2026, ProShares - UltraPro Short QQQ (SQQQ) has an expected move of 19.89% over the next 28 days, implying a one-standard-deviation price range of $34.25 to $51.25 from the current $42.75. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.
- What does the SQQQ 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 SQQQ 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.