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QQQ

Invesco QQQ TrustClose $721.34EOD only

Max Pain

$715.00

Next expiry Jun 15, 2026

Expected Move

±$10.27

1.4% from close

Price Gap

-6.34

Distance to max pain

IV Rank

High premium

P/C OI

1.55

Slightly put-heavy

Consensus

9.0/10

Bullish tilt

Published snapshot: Jun 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

Jun 12, 2026 close

QQQ Flow Report

Analysis based on market close June 11, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from June 11, 2026. A newer flow report is available for June 12, 2026.

View latest report

Flow Verdict

Confidence:

4.5 / 10

base 5; -1 GEX/flow contradict; +0.5 VIX 19

Watch next session: $700; $720

Flow Summary

Net premium: +$4.1B bullish

P/C volume ratio: 1.01

P/C OI ratio: 1.56

Despite a 3.38% surge, massive put volume at deep OTM strikes signals hedging and bearish expectations. Negative gamma and high put OI indicate pin risk near $700. Concentrated put activity likely caps upside, favoring downside.

Notable Prints

QQQ 2026-06-11 $711.00 Put

Vol: 89,098

OI: 332

Vol/OI: 268.4x

IV: 7.2%

Notional: ~$89K

Intent: Bear put

Read-through: Open

QQQ 2026-06-11 $710.00 Put

Vol: 131,309

OI: 807

Vol/OI: 162.7x

IV: 8.2%

Notional: ~$131K

Intent: Bear put

Read-through: Open

QQQ 2026-06-11 $701.00 Put

Vol: 156,841

OI: 1,002

Vol/OI: 156.5x

IV: 16.8%

Notional: ~$157K

Intent: Bear put

Read-through: Open

QQQ 2026-06-11 $713.00 Call

Vol: 134,608

OI: 968

Vol/OI: 139.1x

IV: 28.5%

Notional: ~$64.3M

Intent: Bull call

Read-through: Open

QQQ 2026-06-11 $699.00 Put

Vol: 168,880

OI: 1,447

Vol/OI: 116.7x

IV: 18.8%

Notional: ~$169K

Intent: Bear put

Read-through: Open

Institutional Positioning

Call additions: Concentrated at 704-718 strikes, heavy volume vs low OI.

Put additions: Massive put buying at 699-712, largest at 700 (308k vol, 3k OI).

GEX/DEX consistency: Consistent: net customer put buying -> dealer short gamma (+delta) reflected in -$14.6M GEX, +305M DEX.

OI clusters: Largest OI: Put 700 (3,106), Call 704 (1,560). Gamma flip ~660.

Hedging evidence: Heavy OTM put buying for 0DTE suggests protection/lottery; possible collars via call selling.

Max pain context: Spot above MP; pinning risk, but size suggests forced hedging.

Signal vs Noise

~Signal: 4.1B net premium, 0DTE put volume 500k+ at 699-700. Signal: negative gamma indicates dealer short gamma, amplifying moves.

~Noise: High vol/OI ratios due to day trades; many prints may be closing or speculative.

Key Conclusions

🛡️Hedge flow: Massive 0DTE put buying at 699-700 signals downside protection, with 308k vol at $700.

⚖️Dealer gamma: -$14.6M GEX, +305M DEX; short gamma amplifies moves, suggests volatility.

How to Use These Reports

This flow reflects the market close on June 11, 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.