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QQQ

Invesco QQQ TrustClose $717.54EOD only
Max Pain
$712.00
Next expiry May 26, 2026
Expected Move
±$7.45
1.0% from close
Price Gap
-5.54
Distance to max pain
IV Rank
54
Middle-high premium
P/C OI
1.71
Slightly put-heavy
Consensus
5.5/10
Range bias
Published snapshot: May 22, 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
May 22, 2026 close
QQQ AI Consensus Report
Analysis based on market close April 9, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from April 9, 2026. A newer ai consensus report is available for May 22, 2026.

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Conviction
6.5

out of 10

6.5 because positioning, positive GEX and premium tailwinds support the pin and make short-premium attractive, but material conflicts from institutional put accumulation and the nearby max-pain cluster introduce a meaningful path-risk; a potential gamma flip below ~582 and the compressed front-week IV reduce the score from a higher conviction.

Where Perspectives Agree

Near-term magnet into the 605–615 area with dealer gamma dynamics reinforcing pinning and creating a low-volatility, premium-rich environment that favors defined-risk short premium trades.

Where They Diverge

Flow intelligence indicates pockets of institutional put accumulation and directional buying that would profit from a downside unwind into the 583–596 max-pain band — directly contradicting the pin/short-premium thesis because large off-exchange put interest could force a move through the pin rather than respecting it. Additionally, any concentrated pre-event directional flow (buying puts for tail protection) would increase skew and undermine front-week sell/collect strategies.

Top Trade
via theta

Sell 2026-04-20 600/590 put spread for a net credit (approximate expected credit), defined-risk theta play to collect premium while banking on pin support near 605–615.

Key Risk

Sustained break and close below $582 triggered by a gamma flip or large block put unwind — this removes dealer short-gamma support, produces rapid downside acceleration toward the $570 gap-fill area, and would invalidate short-premium and pin-based strategies.

How to Use These Reports
This ai consensus reflects the market close on April 9, 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.