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QQQ

Invesco QQQ TrustClose $648.85EOD only
Max Pain
$620.00
Next expiry Apr 20, 2026
Expected Move
±$5.45
0.8% from close
Price Gap
-28.85
Distance to max pain
IV Rank
84
High premium
P/C OI
1.48
Slightly put-heavy
Consensus
6.5/10
Consensus signal
Published snapshot: Apr 17, 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 17, 2026 close
QQQ AI Consensus Report
Analysis based on market close April 20, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
5.5

out of 10

5.5 because strong gamma/pinning and theta opportunity are offset materially by mixed flow and institutional downside hedging that can flip market direction quickly, preventing a higher score.

Where Perspectives Agree

Short-term pin/stability in QQQ with dealer short-gamma creating a magnet and a theta-friendly environment for defined-risk selling around the pin.

Where They Diverge

Flow shows sizable institutional protective put buying and occasional large sell-side blocks that imply asymmetric downside hedging—this directly undermines the pure selling/continuation thesis by creating a tail-risk that could trigger sharp deleveraging.

Top Trade
via theta

Sell May 1 420/425 call spread for ~$0.60 credit (defined-risk, collects premium while banking on pin stability).

Key Risk

A decisive break below $410 on heavy volume (dealer gamma flip) that removes the pin and accelerates downside toward $400 support, invalidating the sell/hold thesis.

How to Use These Reports
This ai consensus reflects the market close on April 20, 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.