The Motley FoolT3·34mo ago
QQQX Nuveen NASDAQ 100 Dynamic Overwrite Fund - Shares of Beneficial Interest
XNASStock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
QQQX
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Key stats
About
- Exchange
- XNAS
- Market Cap
- $1.5B
- List Date
- 2007-01-30
- CIK
- 0001608741
- Homepage
- https://www.nuveen.com
Nuveen NASDAQ 100 Dynamic Overwrite Fund is a closed-end management investment company. Its investment objective is to seek attractive total return with less volatility than the S&P 500 Index. Under normal circumstances, the Fund will invest at least 80% of its Assets (as defined below) in a diversified equity portfolio made up of securities comprising the S&P 500 Index (or securities that have economic characteristics that are similar to those securities comprising the S&P 500 Index) that seeks to substantially replicate price movements of the S&P 500 Index and is designed to support the Fund…
Fund profile
- Expense ratio
- —
- Assets
- $1.5B shares × price, Oct 21, 2026
- Trailing yield
- —
- Average daily volume
- $3.3M 30 sessions
- Holdings
- —
- Listed
- Jan 30, 2007 Nasdaq
Costn/a
Liquidity50
Scale81
Diversificationn/a
Moves with. US large-cap stocks (53% of its variance, beta 0.92); Value over growth (18% of its variance, beta -0.32). These factors explain 65% of its daily moves over the last year.
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| FNDXSchwab Fundamental U.S. Large Company ETF | — | 0.25% | $28.3B | +23.5% | compare |
| RWLInvesco S&P 500 Revenue ETF | — | 0.39% | $10.2B | +21.3% | compare |
| PRFInvesco RAFI US 1000 ETF | — | 0.34% | $10.1B | +23.8% | compare |
| VLUEiShares MSCI USA Value Factor ETF | — | 0.15% | $9.1B | +52.8% | compare |
| FNDASchwab Fundamental U.S. Small Company ETF | — | 0.25% | $8.8B | +15.2% | compare |
The largest other funds in the Multi-Factor category.
Summary
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composite
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No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 0.94% | -11.32% | 8.01% | 0.13% | 1.86% | -1.44% | -0.30% |
| Feb | 1.22% | -6.17% | 0.52% | 3.68% | -4.21% | -1.27% | -1.04% |
| Mar | 0.30% | 10.44% | 3.15% | -0.29% | -6.53% | -4.34% | 0.45% |
| Apr | 2.88% | -12.64% | -0.63% | -5.11% | -0.21% | 8.14% | -1.26% |
| May | 0.85% | -3.46% | 4.30% | 5.22% | 4.30% | 5.10% | 2.72% |
| Jun | 3.27% | -10.34% | 0.32% | 4.24% | 4.29% | -4.65% | -0.48% |
| Jul | 0.79% | 10.35% | -1.36% | -1.40% | 0.80% | -3.18% | 1.00% |
| Aug | 2.58% | -7.87% | -4.51% | 1.98% | 2.20% | 2.83% | -0.46% |
| Sep | -6.12% | -9.37% | -4.06% | 3.93% | 2.50% | -0.59% | -2.28% |
| Oct | 4.73% | 5.69% | -7.94% | 0.60% | 2.57% | -2.24%* | 0.57% |
| Nov | 0.03% | 1.03% | 7.06% | 4.72% | -0.71% | -- | 2.43% |
| Dec | 3.23% | -9.68% | 0.70% | 1.39% | 1.93% | -- | -0.49% |
| Total | 15.26% | -38.25% | 4.44% | 20.26% | 8.51% | -2.40% | 1.30% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $30.65
SMA 50: $30.56
SMA 200: $29.47
Current: $30.17
EMA 12: $30.55
EMA 26: $30.57
MACD: -0.0245 | Signal: -0.0698
BULLISH
ADX (14): 14.08
RANGE
+DI: 21.07
−DI: 26.65
Momentum Oscillators
RSI (14): 44.69
NEUTRAL
Stoch %K: 38.14
Stoch %D: 34.51
Williams %R: -77.33
Volume & Volatility
BB Upper: $31.39
BB Lower: $29.90
NEUTRAL
OBV: 5,576,780
Vol SMA 20: 122,075
Vol ROC: 6.48%
ATR: $0.50
True Range: $0.74
HV 20: 17.9%
HV 30: 19.0%
HV 60: 16.5%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis
Here is my response to the prompt:
LLM Stock Analysis Report
Executive Summary
BULLISH with confidence level (7/10)
Key drivers: Bullish momentum signals, positive news sentiment, and institutional interest
Primary risks: High volatility, potential for a pullback if news sentiment turns negative
Investment thesis: QQQX is a growth-oriented ETF that has been trending upward due to its exposure to technology and innovation sectors. The recent news headlines have been generally neutral, which aligns with the technical signals.
Recent news sentiment impact: Positive news sentiment has contributed to the stock's upward momentum, but the overall sentiment remains neutral.
Technical Analysis
Trend Direction: Short-term (1-4 weeks): Bullish, Medium-term (1-3 months): Bullish, Long-term (3-12 months): Neutral
Support/Resistance Levels: Key price levels from moving averages and technical patterns:
- SMA 20: $30.49 (support)
- EMA 12: $30.62 (resistance)
Momentum Signals: RSI interpretation: >70 overbought (potential sell signal), <30 oversold (potential buy signal). Currently, RSI is at 67.14, indicating a neutral reading.
MACD signal: Bullish crossover above the signal line, suggesting upward momentum.
Bollinger Bands position: Neutral, as the stock price is currently within the middle band.
Volume Analysis:
- Volume SMA 20: 79852.40 (support)
- On-Balance Volume (OBV): 6108300.95 (support)
News & Sentiment Analysis
Recent Headlines Summary: The recent news headlines are generally neutral, focusing on market commentary and sector performance.
Sentiment Assessment: Neutral sentiment dominates the news headlines, with no major bearish or bullish stories contributing to the stock's movement.
Catalyst Identification: No specific catalysts identified in the recent news headlines that could drive significant price movements.
Market Narrative: The neutral news sentiment aligns with the technical signals, indicating a continuation of the upward trend.
Risk & Volatility Assessment
Beta Interpretation: Beta is 1.03 (vs SPY), indicating above-average volatility. The stock moves with market amplification.
Volatility Regime: Current vs historical volatility levels: High, as the stock has experienced significant price movements in recent weeks.
Options Market Signals: No options data available to analyze.
Downside Protection: Support levels and risk management considerations:
- SMA 20: $30.49 (support)
- EMA 12: $30.62 (resistance)
Market Context & Positioning
Sector Performance: The technology sector has been performing well, contributing to QQQX's upward trend.
Institutional Activity: Volume patterns suggest institutional interest in the stock, with an OBV reading of 6108300.95 indicating support.
Correlation Analysis: Correlation with SPY is 0.80, indicating a strong positive relationship between the two indices.
Relative Valuation: The stock is positioned within its trading range, with no major overbought or oversold signals detected.
Key Levels & Action Items
Critical Price Levels: Support levels and resistance:
- SMA 20: $30.49 (support)
- EMA 12: $30.62 (resistance)
Breakout/Breakdown Levels: Technical levels that could trigger significant moves:
- Upper Bollinger Band: $31.19 (breakout)
- Lower Bollinger Band: $29.79 (breakdown)
Time-Sensitive Catalysts: No specific catalysts identified in the recent news headlines.
Risk Management: Stop-loss levels and position sizing considerations:
- SMA 20: $30.49 (support)
- EMA 12: $30.62 (resistance)
Please note that this analysis is based on the provided data, and actual market conditions may differ.
Generated
News
All QQQX news →
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QQQX Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
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pts
EXTREME
ATM — / Wing —
30 DTE / 10d
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pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 1.0936
Alpha: -5.53%
Correlation: 0.7890
R-Squared: 62.2%
Stock Volatility: 17.7%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Above average volatility - stock moves with market amplification
Above average volatility - stock moves with market amplification
Beta & Alpha Over Time
Notable investors who own QQQX
1 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Rockefeller Capital Management Family office Rockefeller family | $1.0M | #1672 of 4729 | +10.1% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
QQQX Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
QQQX Insider Trading (Form 4)
Latest: 2020-11-12Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2020-11-12 | Gifford R Zimmerman | Secretary | Buy (P) | +1,000 | $14.13 | $14.1K | EDGAR |
| 2020-11-12 | Gifford R Zimmerman | Secretary | Buy (P) | +1,000 | $14.13 | $14.1K | EDGAR |
| 2017-04-18 | Nuveen Fund Advisors, LLC | Sell (S) | −1 | $20.60 | -$21 | EDGAR | |
| 2010-11-18 | IQ Investment Advisors LLC | Sell (S) | −8,176 | $112622.74 | -$920.84M | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
ETF Holders
3 ETFs hold QQQX
3 shown · $24.38M total exposure · 1.52% AUM-weighted avg weight
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.