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QQQ

Invesco QQQ TrustClose $744.21EOD only

Max Pain

$738.00

Next expiry Jun 4, 2026

Expected Move

±$6.56

0.9% from close

Price Gap

-6.21

Distance to max pain

IV Rank

High premium

P/C OI

1.67

Slightly put-heavy

Consensus

9.0/10

Bullish tilt

Published snapshot: Jun 3, 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

Jun 3, 2026 close

QQQ Flow Report

Analysis based on market close June 4, 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 spot 0.3% from MP; +1 VIX 15

Watch next session: 740 level

Flow Summary

Net premium: +$468.6M bullish

P/C volume ratio: 0.99

P/C OI ratio: 1.71

Heavy same-day call buying in OTM strikes (734-743) drove net premium positive, but put-heavy OI and many low-priced calls suggest closing or speculative trades, not strong directional conviction.

Notable Prints

QQQ 2026-06-04 $737.00 Call

Vol: 180,934

OI: 300

Vol/OI: 603.1x

IV: 17.9%

Notional: ~$49.8M

Intent: Bullish

Dual read: Hedge

Read-through: Call buying

QQQ 2026-06-04 $736.00 Call

Vol: 132,115

OI: 305

Vol/OI: 433.2x

IV: 20.1%

Notional: ~$52.4M

Intent: Bullish

Dual read: Hedge

Read-through: Call buying

QQQ 2026-06-04 $739.00 Call

Vol: 202,414

OI: 617

Vol/OI: 328.1x

IV: 26.1%

Notional: ~$14.2M

Intent: Bullish

Dual read: Hedge

Read-through: Call buying

QQQ 2026-06-04 $738.00 Call

Vol: 180,689

OI: 897

Vol/OI: 201.4x

IV: 22.1%

Notional: ~$32.5M

Intent: Bullish

Dual read: Hedge

Read-through: Call buying

QQQ 2026-06-04 $741.00 Call

Vol: 284,866

OI: 1,424

Vol/OI: 200.1x

IV: 0.7%

Notional: ~$285K

Intent: Bullish

Dual read: Hedge

Read-through: Call buying

Institutional Positioning

Call additions: Heavy call buying at 734-743 strikes, high vol/oi ratios.

Put additions: No notable put additions; put OI high but stale.

GEX/DEX consistency: GEX +9.7M, DEX +280M shares, consistent with call flow.

OI clusters: Put OI cluster ~660 strike (10.9% below spot). Call OI building at 740-743.

Hedging evidence: No collar evidence; calls appear directional.

Max pain context: Spot at max pain; pinning expected (VIX 15, gamma positive).

Signal vs Noise

~Unusual call volume at high strikes is real signal (new opening).

~High put OI ratio is noise as no put volume.

Key Conclusions

📈Institutions adding call exposure aggressively near MP; pinning likely.

⚠️Put OI concentration below spot provides downside support.

How to Use These Reports

This flow reflects the market close on June 4, 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.