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QQQ

Invesco QQQ TrustClose $707.24EOD only

Max Pain

$700.00

Next expiry May 13, 2026

Expected Move

±$6.19

0.9% from close

Price Gap

-7.24

Distance to max pain

IV Rank

High premium

P/C OI

1.71

Slightly put-heavy

Consensus

6.5/10

Bearish tilt

Published snapshot: May 12, 2026 close

End-of-day snapshot

This page reflects QQQ options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

May 12, 2026 close

QQQ Flow Report

Analysis based on market close May 13, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Flow Verdict

Confidence:

9 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 VIX 18

Watch next session: Monitor put unwinding, GEX pinning at 710-715

Flow Summary

Net premium: +$613.7M bullish

P/C volume ratio: 1.69

P/C OI ratio: 1.72

Heavy put opening at 705-715, net premium positive, GEX +483M pinning. Mixed flow with strong gamma support. Confidence high.

Notable Prints

QQQ 2026-05-13 $715.00 Put

Vol: 118,407

OI: 685

Vol/OI: 172.9x

IV: 0.0%

Notional: ~$2.4M

Intent: Bearish bet or hedge

Read-through: Pinning at $715

QQQ 2026-05-13 $710.00 Put

Vol: 145,314

OI: 2,372

Vol/OI: 61.3x

IV: 6.3%

Notional: ~$145K

Intent: Bearish put spread

Read-through: Defensive below $715

QQQ 2026-05-14 $715.00 Put

Vol: 22,493

OI: 456

Vol/OI: 49.3x

IV: 14.7%

Notional: ~$7.1M

Intent: Continued bearish

Read-through: Weekend expiry pin

QQQ 2026-05-14 $705.00 Put

Vol: 49,374

OI: 1,231

Vol/OI: 40.1x

IV: 17.4%

Notional: ~$3.4M

Intent: Bearish put spread

Read-through: Support test

QQQ 2026-05-13 $715.00 Call

Vol: 257,171

OI: 7,541

Vol/OI: 34.1x

IV: 5.1%

Notional: ~$14.7M

Intent: Bullish call buying

Dual read: Could be sell to close

Read-through: Expectation of rally

Institutional Positioning

Call additions: Near-dated 710-715 calls with high volume.

Put additions: Large same-day put volumes at 705-715.

GEX/DEX consistency: Positive GEX/DEX aligns with pinning.

OI clusters: OI concentrated at 710-715 strikes.

Hedging evidence: High put/call ratio indicates hedging.

Max pain context: Spot above MP, gamma positive pinning.

Signal vs Noise

~Signal: Heavy same-day put buying at 710-715 with vol/oi>60 indicates hedging.

~Noise: Low-volume OTM 639 puts with high IV but minimal impact.

Key Conclusions

🛡️Institutions heavily hedging downside near 710-715 with massive same-day puts.

🎯Positive GEX and call buying suggest pinning at 715 for expiry.

How to Use These Reports

This flow reflects the market close on May 13, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.