Home Options QQQReports

QQQ

Invesco QQQ TrustClose $714.71EOD only

Max Pain

$700.00

Next expiry May 14, 2026

Expected Move

±$6.73

0.9% from close

Price Gap

-14.71

Distance to max pain

IV Rank

High premium

P/C OI

1.72

Slightly put-heavy

Consensus

9.0/10

Bullish tilt

Published snapshot: May 13, 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 13, 2026 close

QQQ Flow Report

Analysis based on market close May 14, 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); +0.5 spot 1.4% from MP; +1 VIX 17

Watch next session: $720 support; $715 put wall; VIX action

Flow Summary

Net premium: +$507.5M bullish

P/C volume ratio: 1.46

P/C OI ratio: 1.75

QQQ sees massive 0DTE and weekly activity at $720 with net positive premium and +$475M GEX, indicating pinning. Put/call ratios high but dealers long gamma, supporting current levels. Bias bullish above $720, risk below $715.

Notable Prints

QQQ 2026-05-14 $720.00 Put

Vol: 261,959

OI: 365

Vol/OI: 717.7x

IV: 0.0%

Notional: ~$4.2M

Intent: Speculative put buying for a decline or hedging

Dual read: May be part of a larger options strategy such as straddle or collar

Read-through: Massive volume hints at institutional activity; pinning regime supports $720 defense

QQQ 2026-05-14 $720.00 Call

Vol: 419,636

OI: 4,304

Vol/OI: 97.5x

IV: 3.8%

Notional: ~$15.9M

Intent: Bullish positioning or upside hedge

Dual read: Could be part of a reversal or multi-leg trade

Read-through: Combined with put volume suggests potential straddle; high vol/oi ratio indicates new positions

QQQ 2026-05-19 $715.00 Put

Vol: 8,456

OI: 304

Vol/OI: 27.8x

IV: 16.4%

Notional: ~$3.3M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

QQQ 2026-05-15 $716.00 Put

Vol: 31,069

OI: 1,339

Vol/OI: 23.2x

IV: 15.9%

Notional: ~$5.0M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

QQQ 2026-05-14 $663.00 Put

Vol: 11,726

OI: 513

Vol/OI: 22.9x

IV: 50.0%

Notional: ~$12K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Massive $720 call vol 419k vs 4k OI; net premium +$507M.

Put additions: Heavy $720 put vol 262k vs 365 OI; higher put OI ratio 1.75.

GEX/DEX consistency: Positive GEX $475M and DEX +293M, but put volume contradicts.

OI clusters: Largest OI: $720 call 4.3k, $720 put 365, $715 put 5.8k. Gamma flip ~590.

Hedging evidence: Potential collars at $720 via massive put/call prints; puts at $715.

Max pain context: Spot above MP; gamma pinning suggests price stability; mixed flow.

Signal vs Noise

~Expiration day extreme vol/oi ratios (e.g. 717x) are noise.

~Net premium +$507M is real signal of institutional call demand.

~Put/call ratios elevated but likely hedging, not directional bearish.

Key Conclusions

🔶Net premium positive but put volume heavy; mixed signals.

🔵Gamma pinning and positive GEX support upside short-term.

How to Use These Reports

This flow reflects the market close on May 14, 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.