Home Options QQQReports

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 12, 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 1.6% from MP; +1 VIX 18

Watch next session: $718; $720; $724

Flow Summary

Net premium: +$1.0B bullish

P/C volume ratio: 0.97

P/C OI ratio: 1.55

Dealers absorbed heavy put volume at 718-722, hedging bullish via stock buys. Positive GEX and call activity at 723-724 target upside. Pin action near these strikes likely.

Notable Prints

QQQ 2026-06-12 $721.00 Put

Vol: 234,660

OI: 1,200

Vol/OI: 195.6x

IV: 0.7%

Notional: ~$235K

Intent: Bearish speculation or hedge

Dual read: Could be part of a straddle with the $721 call

Read-through: Large put buying at 721 suggests downside protection.

QQQ 2026-06-12 $719.00 Put

Vol: 142,770

OI: 953

Vol/OI: 149.8x

IV: 3.1%

Notional: ~$143K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

QQQ 2026-06-12 $721.00 Call

Vol: 237,963

OI: 2,083

Vol/OI: 114.2x

IV: 12.1%

Notional: ~$40.2M

Intent: Bullish speculation or hedge

Dual read: Could be part of a straddle with the $721 put

Read-through: Large call buying at 721 indicates upside positioning.

QQQ 2026-06-12 $724.00 Call

Vol: 223,231

OI: 2,015

Vol/OI: 110.8x

IV: 3.4%

Notional: ~$223K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

QQQ 2026-06-15 $723.00 Put

Vol: 12,132

OI: 142

Vol/OI: 85.4x

IV: 14.1%

Notional: ~$6.0M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Heavy call volume at 721-724 strikes, led by 723C (316k) and 721C (238k).

Put additions: Massive put buying at 718-724, led by 720P (324k) and 722P (224k).

GEX/DEX consistency: Positive GEX ($199.5M) and DEX (+296M shares) aligned with pinning near high OI strikes.

OI clusters: Major OI at 720-724; 720P (4.2k), 723C (4.5k), 722P (2.7k).

Hedging evidence: Significant put accumulation at 718-724 suggests hedging, possibly collars with call selling.

Max pain context: Spot above max pain; pinning expected near 720-724 due to large OI and positive gamma.

Signal vs Noise

~Signal: Positive GEX/DEX consistent with pinning at 720-724.

~Signal: High put/call OI ratio (1.55) indicates bearish positioning.

~Noise: Far OTM put volume (e.g., 721P 235k vol, OI 1.2k) likely speculative/closing.

~Noise: Volume ratio near 1 masks underlying OI imbalance.

Key Conclusions

🛡️Put accumulation at 720-724 suggests institutional hedging ahead.

🚀Call accumulation at 723C shows bullish positioning above 720.

📌Positive gamma and pinning regime likely pin spot near 720-724.

⚠️VIX 17.7 normal but heavy put OI warns of downside risk.

How to Use These Reports

This flow reflects the market close on June 12, 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.