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QQQ

Invesco QQQ TrustClose $744.21EOD only

Max Pain

$738.00

Next expiry Jun 4, 2026

Expected Move

±$6.56

0.9% from close

Price Gap

-6.21

Distance to max pain

IV Rank

High premium

P/C OI

1.67

Slightly put-heavy

Consensus

9.0/10

Bullish tilt

Published snapshot: Jun 3, 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 3, 2026 close

QQQ Theta Report

Analysis based on market close June 4, 2026

Directional Theta Gang Flow Earnings Consensus

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

Theta Verdict

Confidence:

9 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.3% from MP; +1 VIX 15

IV Environment

IV Regime

Normal

IV vs VIX

IV elevated relative to VIX (25.4 vs 15.4)

Favorable?

Yes

Term structure: Front-end put IV elevated (0 DTE put 53%), backwardation in puts

📌Max pain pins: $743 today, $730 tomorrow

⚠️0 DTE put IV 53% vs call 16%, extreme put skew

Pin Risk Assessment

Spot vs MP: At

GEX regime: Pinning ($+9.7M)

Gamma flip: ~$660.00 — Approx — based on put OI concentration of 193,544 (10.9% below spot)

OI concentrations: Put OI heavy at $743, $730; put floor $550-$680

Verdict: High pin risk near max pain; expiration today increases likelihood of pin at $743

Premium Opportunities

Put credit spread

Sell 2026-06-26 $728.00/$717.00 put spread

Sells put spread to capture elevated premium with bullish bias.

Credit: $2.82-$3.45

Max loss: $7.55

BE: $724.55

Mgmt: Exit if spot breaks below short strike ($717.69). Monitor for pin risk.

Risk Alerts

!Spot 0.3% from MP, pin risk elevated

!0 DTE put skew extreme

!Gamma flip at 660 if selling support

How to Use These Reports

This theta reflects the market close on June 4, 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.