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QQQ

Invesco QQQ TrustClose $628.60EOD only
Max Pain
$608.00
Next expiry Apr 15, 2026
Expected Move
±$2.05
0.3% from close
Price Gap
-20.60
Distance to max pain
IV Rank
100
High premium
P/C OI
1.47
Slightly put-heavy
Consensus
6.5/10
Consensus signal
Published snapshot: Apr 14, 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
Apr 14, 2026 close
QQQ AI Consensus Report
Analysis based on market close April 14, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
6.5

out of 10

6.5 because positioning, GEX and concentrated call flow create a credible short-term magnet into 629–630, but conviction is capped by two material underminers: the multi-week max-pain drift toward ~600 and the potential for a flow reversal/unusual block prints to unwind dealer gamma quickly. That keeps conviction above neutral but well short of high since the path is fragile.

Where Perspectives Agree

Consensus view: short-term pin into the 629–630 area with dealer short-gamma and concentrated call positioning creating an upside magnet and a theta-rich environment that favors defined-risk bearish premium sales below that magnet or bullish defined-risk put spreads to ride the pin.

Where They Diverge

Primary conflict: directional’s bullish pin and recommendation to sell puts/construct bullish diagonals conflicts with the theta persona’s emphasis on aggressive premium-selling (calls and iron condors) expecting mean reversion toward ~$600—those two approaches expect opposite realized path and risk-management (directional wants upside pin retention; theta wants range-bound stability and IV compression). Secondary friction: flow signals (large one-offs or institutional blocks) could either reinforce the pin or, if they reverse, immediately negate the dealer-gamma support — so flow’s short-term prints can directly overturn both directional and theta plans.

Top Trade
via directional

Sell 2026-05-01 600/590 put spread for a net credit (directional bearish-to-neutral bull put spread into the pin).

Key Risk

A daily close and sustained break below $570 (dealer gamma flip trigger) — this would remove the pin, provoke dealer unwind and stop-loss cascade, and accelerate downside toward $550, invalidating the short-term bullish pin and any short-put exposures.

Read the AI Analyst Consensus for QQQ for 2026-04-14. This synthesis report combines directional, theta, flow, and earnings perspectives into one conviction view with setup, trigger, and invalidation context.