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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 15, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.8% from MP; +1 VIX 16

Watch next session: 740; 744

Flow Summary

Net premium: +$780.0M bullish

P/C volume ratio: 1.03

P/C OI ratio: 1.59

Massive 0 DTE flow with call skew near 740-745 and positive gamma. Net premium and DEX bullish, VIX low. Pinning to high strikes likely.

Notable Prints

QQQ 2026-06-15 $740.00 Put

Vol: 271,449

OI: 129

Vol/OI: 2104.3x

IV: 5.3%

Notional: ~$271K

Intent: Pinning

Read-through: Gamma pinning

QQQ 2026-06-15 $744.00 Call

Vol: 598,085

OI: 1,071

Vol/OI: 558.4x

IV: 0.1%

Notional: ~$598K

Intent: Pinning

Read-through: Gamma pinning

QQQ 2026-06-15 $743.00 Call

Vol: 446,647

OI: 960

Vol/OI: 465.3x

IV: 0.0%

Notional: ~$26.4M

Intent: Pinning

Read-through: Gamma pinning

QQQ 2026-06-16 $740.00 Put

Vol: 36,745

OI: 107

Vol/OI: 343.4x

IV: 17.3%

Notional: ~$7.8M

Intent: Pinning

Read-through: Gamma pinning

QQQ 2026-06-16 $744.00 Call

Vol: 120,111

OI: 393

Vol/OI: 305.6x

IV: 15.0%

Notional: ~$39.4M

Intent: Pinning

Read-through: Gamma pinning

Institutional Positioning

Call additions: 6/16 $744C (120k vol, 393 OI) and 6/15 $743C (447k vol)

Put additions: 6/16 $740P (37k vol, 107 OI) and 6/15 $740P (271k vol)

GEX/DEX consistency: GEX +$750M positive, DEX +303M shares, consistent with pinning

OI clusters: Large put OI at $740 (194k shares), gamma flip near 660

Hedging evidence: Protective puts at $740 on 6/15 and 6/16 suggest hedging long exposure

Max pain context: Spot 3.8% above MP, positive gamma pinning higher

Signal vs Noise

~6/16 $744C and $740P are signal (new positions for next day)

~6/15 $744C (vol 598k, OI 1071) likely closing noise (expiry, low IV)

~6/15 $743C, $742C, $745C, $746C volume likely noise (expiry day closing activity)

Key Conclusions

🔒Put OI ratio 1.59 suggests heavy hedging; 740 put cluster is gamma flip area.

📈Positive gamma ($750M) and DEX support near-term pinning above MP despite high put OI.

How to Use These Reports

This flow reflects the market close on June 15, 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.