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QQQ

Invesco QQQ TrustClose $744.00EOD only

Max Pain

$717.00

Next expiry Jun 16, 2026

Expected Move

±$6.82

0.9% from close

Price Gap

-27.00

Distance to max pain

IV Rank

100

High premium

P/C OI

1.59

Slightly put-heavy

Consensus

7.5/10

Bullish tilt

Published snapshot: Jun 15, 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 15, 2026 close

QQQ Flow Report

Analysis based on market close June 16, 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; +0.5 spot 1.1% from MP; +1 VIX 16

Watch next session: Monitor QQQ's ability to hold below $734; any bounce above $735 invalidates short-term bearishness.

Flow Summary

Net premium: -$1.5B bearish

P/C volume ratio: 1.03

P/C OI ratio: 1.62

Heavy put activity and negative gamma signal strong bearish sentiment. Despite massive lottery call volume, net premium heavy negative and put OI dominance suggest downside bias. Spot below MP and IV low, but volatility likely to expand on breakdown.

Notable Prints

QQQ 2026-06-16 $733.00 Call

Vol: 215,587

OI: 474

Vol/OI: 454.8x

IV: 3.9%

Notional: ~$216K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

QQQ 2026-06-16 $734.00 Call

Vol: 343,899

OI: 855

Vol/OI: 402.2x

IV: 5.0%

Notional: ~$344K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

QQQ 2026-06-16 $735.00 Call

Vol: 473,943

OI: 1,391

Vol/OI: 340.7x

IV: 6.1%

Notional: ~$474K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

QQQ 2026-06-16 $732.00 Call

Vol: 120,145

OI: 414

Vol/OI: 290.2x

IV: 2.8%

Notional: ~$120K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

QQQ 2026-06-16 $734.00 Put

Vol: 326,027

OI: 1,654

Vol/OI: 197.1x

IV: 11.5%

Notional: ~$134.3M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Massive 0DTE OTM call buying at 732-737 (vol up to 473k, OI tiny) – aggressive call additions, negligible premium

Put additions: Heavy put buying at 732-734 (vol 310k-426k, OI small) – adding puts for downside protection

GEX/DEX consistency: GEX -$263.8M aligns with drop; DEX +299M shares positive – flow consistent with hedging

OI clusters: Largest OI at 660 put (gamma flip) with 194.5k OI; spot ~730, puts concentrated 9.6% below spot

Hedging evidence: Evident: OTM calls (0.01) and puts at 732-734 suggest collar/hedging; net premium negative confirms

Max pain context: MP likely near 730-732? Spot below MP; gamma flip at 660 indicates downside risk

Signal vs Noise

~Massive 0DTE call volume at 732-737 (signal: positioning bias, noise: negligible premium due to expiration)

~Heavy put volume at 732-734 (signal: real hedging, noise: volume inflated by low OI)

~GEX/DEX divergence (signal: negative GEX but positive DEX indicates mixed hedging)

Key Conclusions

📈0DTE call buying at 732-737: bullish tilt but negligible cost – likely hedging

🛡️Heavy put additions at 732-734 indicate downside hedging – bearish sentiment

⚠️Regime trending gamma & spot below MP – downside momentum likely

How to Use These Reports

This flow reflects the market close on June 16, 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.