Home Options QQQReports

QQQ

Invesco QQQ TrustClose $713.65EOD only

Max Pain

$735.00

Next expiry Jun 24, 2026

Expected Move

±$11.61

1.6% from close

Price Gap

+21.35

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.53

Slightly put-heavy

Consensus

6.0/10

Bearish tilt

Published snapshot: Jun 23, 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 23, 2026 close

QQQ Flow Report

Analysis based on market close June 24, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

5 / 10

base 5; -1 GEX/flow contradict; +0.5 spot 2.0% from MP; +0.5 VIX 19

Flow Summary

Net premium: +$1.2B bullish

P/C volume ratio: 1.23

P/C OI ratio: 1.49

QQQ sees aggressive call buying at $707-$717 strikes, skewing flow despite bearish put/call ratios. Negative gamma from deep puts keeps hedging pressure. VIX elevated at 18.6. Mixed signals suggest choppy trading near resistance.

Notable Prints

QQQ 2026-06-24 $709.00 Call

Vol: 94,437

OI: 130

Vol/OI: 726.4x

IV: 62.3%

Notional: ~$99.0M

Intent: Bullish speculation

Dual read: Short hedging

Read-through: Support expected at 709

QQQ 2026-06-24 $708.00 Call

Vol: 65,281

OI: 147

Vol/OI: 444.1x

IV: 59.9%

Notional: ~$74.2M

Intent: Bullish

Dual read: Delta hedging

Read-through: Strength near 708

QQQ 2026-06-24 $711.00 Call

Vol: 88,736

OI: 232

Vol/OI: 382.5x

IV: 58.9%

Notional: ~$74.3M

Intent: Bullish

Dual read: Earnings play

Read-through: Upside target 711

QQQ 2026-06-24 $707.00 Call

Vol: 46,519

OI: 173

Vol/OI: 268.9x

IV: 68.9%

Notional: ~$57.3M

Intent: Bullish

Dual read: Gamma scalping

Read-through: Key level 707

QQQ 2026-06-24 $712.00 Call

Vol: 96,744

OI: 577

Vol/OI: 167.7x

IV: 53.8%

Notional: ~$78.2M

Intent: Bullish

Dual read: Short squeeze

Read-through: Resistance 712

Institutional Positioning

Call additions: Heavy call buying at 709-717 strikes, led by 717C (209k vol).

Put additions: Put volume elevated at 709 but low premium suggests closing.

GEX/DEX consistency: GEX -$977M (neg gamma) & DEX +264.8M (long delta) consistent with trending regime.

OI clusters: Largest OI at 717C, 714C, 710C, 709P; gamma flip near 660.

Hedging evidence: Limited collars; 709P may hedge some call positions.

Max pain context: Spot below MP; pinning likely near 709-710.

Signal vs Noise

~717C massive vol/oi (107.7) is bullish signal.

~709P low-premium volume likely closing noise.

~GEX negativity amplifies moves.

Key Conclusions

🟢Institutions loading calls at 717-709, signaling upside bets despite negative gamma.

⚠️Negative GEX and spot below MP increase volatility risk.

How to Use These Reports

This flow reflects the market close on June 24, 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.