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QQQ

Invesco QQQ TrustClose $655.11EOD only

Max Pain

$643.00

Next expiry Apr 23, 2026

Expected Move

±$5.27

0.8% from close

Price Gap

-12.11

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.58

Slightly put-heavy

Consensus

6.5/10

Consensus signal

Published snapshot: Apr 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

Apr 22, 2026 close

QQQ AI Consensus Report

Analysis based on market close April 23, 2026

Directional Theta Gang Flow Earnings Consensus

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

Conviction

6.5

out of 10

6.5 not higher because dealer gamma and rich premium align on downside, but active institutional flow (and lack of a single dominating catalyst) creates meaningful tail risk that could invalidate the directional lean.

Where Perspectives Agree

Consensus leans mildly bearish: dealer short-gamma and available premium incentivize downside pressure toward the $652–$638 zone, making defined-risk bearish structures the highest-probability path.

Where They Diverge

Flow signals of large-scale institutional call accumulation and tape buying contradict the dealer-driven pin—if institutions continue to add, they undermine the short-gamma sell-side squeeze thesis and can flip price higher; theta wants chop for premium decay while directional expects trend lower, creating different trade timing but not a direct contradiction.

Top Trade

via theta

Sell May 15 $657/$665 call spread for a credit (theta-aligned).

Key Risk

Sustained breakout and hold above $657 on strong institutional buying flips dealer positioning, removes the pin and accelerates price toward ~$670, invalidating the bearish thesis.

How to Use These Reports

This ai consensus reflects the market close on April 23, 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.