What is NDAQ's options positioning and volatility profile?

Roarable tracks verified CBOE unusual options sweeps, put/call ratios, and OHLCV realized volatility bands for NDAQ.

Stock Ratings / Financials / NDAQ / options

HOOD (61) CBOE (82) ICE (75) IBKR (53) ⌘ Pro Terminal →

Nasdaq Inc. (NDAQ) Options Positioning, Max Pain & Unusual Sweeps

$106.23 +0.60% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $106.60

Nasdaq Inc. (NDAQ) earns a Roarable Rating of B (Buy) with 72/100 RQD Confidence. High-quality cash engine (steady margins, 9% return on capital) with steady institutional support. The company’s underlying cash engine and institutional positioning keep the composite score in the Green Buy zone.

📊 Historical Track Record: Scores of 72/100 (B) historically ranked in the Top 13% of excess returns over the next 90 days (+7.0% avg 90D alpha vs SPY • 68.7% hit rate) →

ROARABLE B • BUY Cap $58.95B

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on NDAQ Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is NDAQ stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, Nasdaq Inc. (NASDAQ: NDAQ) is rated B (Buy / BUY) by Roarable's 5-pillar RQD engine with a composite confidence score of 72/100 at a spot price of $106.23 (+0.60% 1D, market cap $58.95B). Pillar breakdown: Fundamental Cash Engine 13/20, Institutional 13F & Options Flow 18/20, Executive Insider Alignment 15/20, FRED Macro Regime Fit 12/20, and SEC Balance-Sheet Forensics 14/20. Across 1096 tracked Financials issuers, NDAQ ranks #64 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does NDAQ compare to HOOD and CBOE in the Financials sector?

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Within the Financials sector (Investment Bankers/Brokers/Service), NDAQ carries a Roarable B (72/100 RQD), trailing P/E of 32.8x, gross margin of —, and ROIC of 9.1%. By comparison, HOOD (Robinhood Markets Inc.) holds a C- grade (61/100 RQD, P/E 43.8x, ROIC 27.5%, cap $76.53B) and CBOE (Cboe Global Markets Inc.) posts a A- grade (82/100 RQD, P/E 31.9x, ROIC 26.6%, cap $37.52B). Among the 5-stock peer group, ICE leads on earnings multiple (27.6x) while HOOD leads on capital efficiency (27.5% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for NDAQ?

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Per NDAQ's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001120193), Nasdaq Inc. generated $8.26B in revenue (+11.6% YoY), $1.79B in net income, and $1.99B in free cash flow against $31.05B in total assets and $8.57B in total debt. Key quantitative strengths: Big institutional funds and options desks are actively positioning on the bullish side.. Primary risk factors monitored: Broader market pullbacks can still drag down strong stocks in the short run.. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $106.60 (+0.35%)🧬 Cannibal Buyback (-1.80% YoY Shares)⚙️ Cash Engine: 13/20 (C) • 24.1% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 72/100 (B) historically ranked in the Top 13% of excess returns over the next 90 days (+7.0% avg 90D alpha vs SPY • 68.7% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERBUY • B

2-of-3 JEV AI Jury Bullish

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw B · Rk C+

Each axis scored 0–20

12M PRICE TARGET CONE+6.3% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for NDAQ)Realized 20D OHLCV Swing Band: ±4%

Deterministic 5-Pillar Attribution (72/100 Composite)

🔍 WHY NDAQ SCORES 72/100 (B) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Whale & Options Positioning+18/20 pts (25% of score)

20D Institutional Volume Accumulation (±4% realized swing band)

▲ #2 Bullish Driver: SEC 10-K Forensic Risk+15/20 pts (21% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 9/9

▼ #1 Drag / Risk Factor: Macro Regime Fit12/20 pts (-8 pt drag)

Macro rate sensitivity & RSI-14 (73.8) create a -8 pt regime headwind

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade C+$91.96+4.5% Next Q

Q2 (-2Q)

Grade B-$96.12+9.8% Next Q

Q3 (-1Q)

Grade B-$105.55+0.6% Next Q

Current

Grade B$106.23+7% Hist 90D α

Trajectory: C+ (64) → B (72)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the NDAQ Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 72/100 (B) score, NDAQ faces multiple-compression risk if 32.8x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Broader market pullbacks can still drag down strong stocks in the short run.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Cannibal Buyback (-1.80% YoY Shares) — any gross margin slip below 61.0% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($96.14) or 200D SMA ($90.70) invalidates the momentum regime and cuts Target Base ($112.92) toward Bear Floor ($87.11).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $NDAQ• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “NDAQ Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 72%NO 28%Trade / Inspect Odds →

CALL VS. PUT WHALE SHARE

— (No Active Options Snapshot)

Put/Call Ratio: — (No Active Options Snapshot)

MAX-PAIN EXPIRATION MAGNET

— (No Active Options Snapshot)

No active options chain max-pain snapshot on file

HISTORICAL 20D VOLATILITY SWING

±4%

Derived from 20D OHLCV bars (No Active Options Snapshot)

Active Strike Call vs. Put Concentration Ladder (NDAQ)

— (No Active Options Snapshot) — No unusual CBOE strike concentration anomalies recorded in the current database snapshot for NDAQ.

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ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher + Options & Swing Structure Desk

Whale Flow & Momentum Playbook: Evaluating NDAQ & AI Leaders Without Chasing Tops

✓Institutional whale strikes & implied earnings move audit on NDAQ
✓How disciplined traders manage risk using pre-published trigger & invalidation levels
✓Includes nightly RQD rating-change & forensic signal email alerts on tracked leaders

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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NDAQ // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +16.35%⚡ TESTING RESISTANCE

2026-11-03O $105.6H $106.2L $105.6C $106.2VOL 4.92M

RES: $108.6SUP: $94.24SMA50: $96.14SMA200: $90.70

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

NDAQ Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 NDAQ Butterfly Map → + Track NDAQ →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

25.3%/yr Implied 5Y Growth

vs. +11.6% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on NDAQ today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for NDAQ. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for NDAQ today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (NDAQ)

Financials Rank #64 of 1096 ⚔️ HOOD vs NDAQ Full Matrix →

1. Head-to-Head Financials Peer Comparison (NDAQ vs. HOOD, CBOE, ICE, IBKR)

Industry: Investment Bankers/Brokers/Service (64 Tracked Issuers)

Across 1096 tracked Financials securities in the Roarable RQD universe, Nasdaq Inc. (NDAQ) ranks #64 by composite RQD confidence (72/100, grade B) and #61 by equity capitalization ($58.95B). Within this direct 5-issuer industry benchmark cohort, ICE leads on earnings valuation at 27.6x trailing P/E, while HOOD leads on capital efficiency and profitability with 27.5% ROIC and — gross margin. CBOE currently holds the highest overall quantitative score in the immediate peer group at 82/100 (A-) compared with NDAQ at 72/100 (B).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
NDAQ ACTIVE Nasdaq Inc.	B	72/100	32.8x	—	9.1%	+0.60%	$58.95B	Benchmark Subject
HOOD Robinhood Markets Inc.	C-	61/100	43.8x	—	27.5%	-7.21%	$76.53B	/hood-vs-ndaq →
CBOE Cboe Global Markets Inc.	A-	82/100	31.9x	—	26.6%	+6.77%	$37.52B	/cboe-vs-ndaq →
ICE Intercontinental Exchange Inc.	B	75/100	27.6x	—	8.3%	+3.56%	$94.36B	/ice-vs-ndaq →
IBKR Interactive Brokers Group Inc.	D+	53/100	139.6x	—	0.3%	-5.96%	$34.84B	/ibkr-vs-ndaq →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001120193

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Nasdaq Inc. (NDAQ) reported GAAP revenue of $8.26B (+11.6% vs. FY2024 revenue of $7.40B , and +36.2% cumulative change since FY2023) , GAAP net income of $1.79B, operating cash flow of $2.25B, and free cash flow of $1.99B (+14.8% YoY). On the balance sheet, NDAQ closed FY2025 with $31.05B in total assets against $8.57B in total debt (Altman Z-Score: N/A, Piotroski F-Score: 9/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$8.26B	$1.79B	$2.25B	$1.99B	$31.05B	$8.57B
FY2024 (FY)	2024-12-31	$7.40B	$1.12B	$1.94B	$1.73B	$30.39B	$9.08B
FY2023 (FY)	2023-12-31	$6.06B	$1.06B	$1.70B	$1.42B	$32.23B	$7.54B

3. NDAQ Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is NDAQ stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does NDAQ compare to HOOD and CBOE in the Financials sector?

What are the biggest fundamental strengths and SEC risk factors for NDAQ?

Where is NDAQ trading relative to its 50-day, 200-day, and 52-week technical levels?

NDAQ last traded at $106.23 (+0.60% on volume of 4,922,146 shares), positioning the stock +10.50% above its 50-day simple moving average ($96.14) and +17.12% above its 200-day simple moving average ($90.70). Across its 52-week range of $76.55 to $107.93, NDAQ sits at the 94.6% percentile with a 14-day RSI of 73.8 (OVERBOUGHT (>70)) and an implied next-earnings move of ±4.0% ($101.98 to $110.48).

Direct Sub-Reports: NDAQ RQD Cockpit NDAQ 12M Forecast NDAQ Earnings & Move NDAQ Dividends & DRIP NDAQ Insiders & 13F NDAQ Whale Options NDAQ Profit Sankey NDAQ News & Why

ROARABLE RATING BRIEF • RQD 72/100 (B) ✓ STAGE-C NUMBER FIREWALL VERIFIED

NDAQ — Nasdaq Inc.: What the Facts Mean to a Prospective Investor

Engine: anthropic/claude-haiku-5.5

As of: 2026-11-02T15:10:51Z

Roarable Rating Brief: What This Means to a Prospective Investor

Per the Roarable RQD rating, NDAQ scores 72 out of 100, graded B, with the verdict "Roarable Buy — Good Risk/Reward." The score is a composite of five pillars:

Fundamental Cash Engine: 13 / 20. Per the Roarable RQD rating, this pillar reflects ROIC of 9.1% and an FCF yield of 3.39%. Investors can read this as a business that converts capital into cash at a moderate rate, not an exceptional one.
Whale 13F Flow: 18 / 20. This is the strongest pillar, described per the rating as institutional accumulation and options positioning. The source does not itemize the specific 13F filers or position sizes, so the magnitude of accumulation cannot be quantified from the data provided.
Insider Conviction: 14 / 20. Per the rating, this reflects SEC Form 4 and Congressional PTR cluster flow. The source does not list individual transactions in the holders section, so the direction and size of cluster activity cannot be independently verified here.
Macro Regime Fit: 12 / 20. Per the rating, this pillar reflects a beta of 0.88 and sector sensitivity. A beta below 1.0 suggests the stock has historically moved less than the broad market, which may appeal to investors seeking lower volatility, though this pillar scores below the midpoint of its range.
Forensic Balance Sheet: 15 / 20. Per the rating, this reflects an Altman Z-Score of 2.5, a Piotroski F-Score of 9/9, and a Debt/Equity ratio of 0.5. The perfect Piotroski score is a notable strength, while the Altman Z-Score sits in a range that warrants monitoring rather than indicating distress.

Taken together, the score suggests strength in institutional interest and balance-sheet quality, with more modest scores on cash generation relative to valuation and on macro fit. Valuation is a central tradeoff: the market data shows a trailing P/E of 32.8 and an EV/EBITDA of 26, which are elevated multiples. Upside drivers in the source include the institutional flow and strong forensic scores; the valuation tradeoff is that much of the quality is already reflected in a premium price. This is an analytical framing, not personalized advice.

Business

Nasdaq Inc. (NDAQ) is a NASDAQ-listed issuer in the Financials sector, Investment Bankers/Brokers/Service industry. The profile identifies the company's market capitalization as $58.6B.

Recent Catalysts & News Wire Analysis

Per the recent news wire, six items dated within the last 15 hours are tagged as catalysts with green signal lights. Headlines reference a Q3 earnings beat, capital access platforms revenue growth, margin-driven stock strength, an after-hours move of 4.7% following Q3 results, and questions about index growth and valuation. Key risk watch item per the headline set: one report questions whether the stock looks expensive on index growth, which aligns with the elevated multiples in the market data. Per the Butterfly Supply-Chain Graph, the supply chain is recorded as NONE, with no butterfly links and no proprietary signals.

Analyst View & Smart Money Ownership

The Roarable RQD rating references whale 13F flow and insider cluster flow at the pillar level only.

Open Questions

What are the segment-level revenue drivers behind the reported growth, and which portion is attributable to capital access platforms per the news wire?
What is the explanation for the 0% gross margin alongside reported operating and net margins?
Which specific 13F filers and Form 4 insiders drive the whale and insider pillar scores?
What index growth concerns are raised in the valuation-focused headline, and how do they tie to the forward P/E of 30.5?
How does the Altman Z-Score of 2.5 compare to the company's own historical trend, given that only three years of financials are provided?

NDAQ Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Nasdaq Inc. (NDAQ) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to NDAQ Debate Forum (3) ↓

🟢 CATALYST Yahoo Finance • 20h ago

Nasdaq (NDAQ) Stock Looks Pricey On Index Growth Questions

Yahoo Finance report covering Nasdaq Inc. (NDAQ) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST ChartMill • 23h ago

Nasdaq (NASDAQ:NDAQ): A Quality Stock With Durable Growth and Strong Cash Conversion

ChartMill report covering Nasdaq Inc. (NDAQ) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST Benzinga • 1d ago

Why Is Nasdaq Stock Gaining Thursday? - Nasdaq (NASDAQ:NDAQ)

Benzinga report covering Nasdaq Inc. (NDAQ) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST Seeking Alpha • 1d ago

Nasdaq posts Q3 earnings beat, bolstered by capital access platforms revenue growth (NDAQ:NASDAQ)

Seeking Alpha report covering Nasdaq Inc. (NDAQ) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST Yahoo Finance • 1d ago

Nasdaq (NDAQ) Q3 Results Fuel Margin Driven Stock Rally

Yahoo Finance report covering Nasdaq Inc. (NDAQ) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST 24/7 Wall St. • 1d ago

Nasdaq (NDAQ) Surges 4.7% After Hours Following Q3 Earnings Beat

24/7 Wall St. report covering Nasdaq Inc. (NDAQ) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE marketscreener.com • 1d ago

Earnings Flash (NDAQ) Nasdaq, Inc. Posts Q3 Adjusted EPS $1.04 per Share, vs. FactSet Est of $1.02

marketscreener.com report covering Nasdaq Inc. (NDAQ) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST Simply Wall St • 1d ago

Nasdaq (NDAQ) Stock Looks Above Fair Value Despite New Growth Bets

Simply Wall St report covering Nasdaq Inc. (NDAQ) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

NDAQ Bull vs. Bear Conversation Board — What's Your Call at $106.23?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON NDAQ 🐻 33% BEARISH CONVICTION

DE DeltaGamma_99 Options Flow Specialist 🐂 BULLISH 🎯 Target: $138.10 (+30.0%)

📌 Pinned Debate

Institutional accumulation (18/20 whale flow pillar), a perfect 9/9 Piotroski score, and reported revenue, net income, and FCF growth a

Here is why I am bullish on NDAQ here at $106.23: Institutional accumulation (18/20 whale flow pillar), a perfect 9/9 Piotroski score, and reported revenue, net income, and FCF growth across FY 2023–FY 2025 support the rating.. Compare NDAQ's 28.2% operating margin and 9.1% ROIC against the rest of Investment Bankers/Brokers/Service. As long as cash conversion holds up, dips toward $100.92 are getting bought.

EarningsSniper 🐂 BULL

Both sides have a point here — NDAQ's 15/20 balance sheet score keeps downside contained, so the real swing factor next earnings call is backlog and FCF conversion.

SK SkepticalCFA Fundamental Contrarian 🐻 BEARISH 🎯 Target: $82.86 (-22.0%)

Spot @ $106.23

A trailing P/E of 32.8 and EV/EBITDA of 26 price in substantial growth, leaving limited margin for error if index growth or valuation c

I respect the product at Nasdaq Inc., but the stock at $106.23 is a different story. A trailing P/E of 32.8 and EV/EBITDA of 26 price in substantial growth, leaving limited margin for error if index growth or valuation concerns materialize.. FCF yield is 3.39% and RQD sits at 72/100 (B) — why pay up here when you can wait for next quarter's numbers?