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QQQ

Invesco QQQ TrustClose $707.83EOD only

Max Pain

$723.00

Next expiry Jun 10, 2026

Expected Move

±$10.86

1.5% from close

Price Gap

+15.17

Distance to max pain

IV Rank

High premium

P/C OI

1.61

Slightly put-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: Jun 9, 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 9, 2026 close

QQQ Flow Report

Analysis based on market close June 9, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +0.5 spot 1.3% from MP; +0.5 VIX 20

Watch next session: 660 gamma flip; Call OI changes

Flow Summary

Net premium: -$72.4M bearish

P/C volume ratio: 1.16

P/C OI ratio: 1.61

Aggressive short-dated call buying (700-710 strikes) drives massive volume relative to OI, despite negative net premium and put-heavy ratios. Dealer short gamma amplifies upside if spot rallies above gamma flip at 660. Overall mixed flow with bullish tilt from unusual prints.

Notable Prints

QQQ 2026-06-09 $700.00 Call

Vol: 292,061

OI: 102

Vol/OI: 2863.3x

IV: 13.9%

Notional: ~$216.1M

Intent: Sell

Dual read: Bearish/Hedge

Read-through: Down

QQQ 2026-06-09 $704.00 Call

Vol: 149,700

OI: 100

Vol/OI: 1497.0x

IV: 7.4%

Notional: ~$50.1M

Intent: Sell

Dual read: Bearish/Hedge

Read-through: Down

QQQ 2026-06-09 $702.00 Call

Vol: 154,645

OI: 148

Vol/OI: 1044.9x

IV: 20.7%

Notional: ~$86.9M

Intent: Buy

Dual read: Bullish/Hedge

Read-through: Up

QQQ 2026-06-09 $705.00 Call

Vol: 305,270

OI: 304

Vol/OI: 1004.2x

IV: 19.3%

Notional: ~$76.6M

Intent: Buy

Dual read: Bullish/Hedge

Read-through: Up

QQQ 2026-06-09 $703.00 Call

Vol: 161,934

OI: 183

Vol/OI: 884.9x

IV: 18.6%

Notional: ~$74.5M

Intent: Sell

Dual read: Bearish/Hedge

Read-through: Down

Institutional Positioning

Call additions: Call OI spikes at $700-710

Put additions: Elevated put OI ratio (1.61) suggests institutional hedging

GEX/DEX consistency: Negative GEX (-$742M) and positive DEX align with trending bias

OI clusters: Largest call OI at $710 (859), put OI concentrated ~6.8% below spot

Hedging evidence: Net premium negative (-$72M) and high put/call OI indicate put buying

Max pain context: Spot below max pain? Not given; likely pin near high OI strikes

Signal vs Noise

~Negative GEX and put dominance are real signal

~Unusual prints with high volume/OI ratio indicate institutional hedging

Key Conclusions

📉Institutions hedging downside via puts, net negative premium

⚡Call buying concentrated near expiry suggests pinning or gamma squeeze

🌀Negative gamma and high VIX indicate elevated risk of sharp moves

How to Use These Reports

This flow reflects the market close on June 9, 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.