QQQ options: $227M premium turnover into 2026-08-11; largest line QQQ260811C00720000 $15MQQQ 期权异动：期权成交额约 $227M，到期 2026-08-11，最大合约 QQQ260811C00720000 约 $15M
Options Flow Snapshot
On August 11, 2026, the Invesco QQQ Trust (QQQ), an ETF tracking the NASDAQ-100 Index, saw total same-day expiration option volume reach 1,321,058 contracts, with total premium turnover of ~$227 million. The largest single active contract was the $720 strike same-day expiration call option (ticker QQQ260811C00720000), with ~$15.36 million in premium turnover. The at-the-money (ATM) straddle implied move was ~0.43%, with average call implied volatility (IV) at 177.6% and average put IV at 115.4%, creating a 62.2 percentage point call-over-put IV skew. Call and put volume made up 48.2% and 51.8% of total contracts, respectively.
Signal Read-Through
This signal falls into the category of same-day expiration option upside volatility premium and concentrated call positioning: While call and put volume are nearly even, call IV is significantly higher than put IV, and the largest single trade is an ATM call contract. This reflects a market consensus of modest intraday upside pricing for QQQ on the expiration date.
Fundamental and Event Cross-Check
This options activity is not tied to recent earnings releases, as all publicly available QQQ earnings data shows no actual or expected EPS/revenue figures. Verifiable independent context includes SEC filings submitted since June 2026, August 10, 2026 media coverage of fee differences between QQQ and its peer ETF QQQM, and an institutional share purchase: Ferguson Shapiro LLC acquired 13,348 shares of QQQ on August 9, 2026.
Follow-Up Markers
This signal only reflects short-term intraday pricing sentiment in same-day expiration options, and does not confirm long-term directional positioning or net capital flows into or out of QQQ. Next items to monitor include the actual closing price of QQQ on August 11, 2026 relative to the ATM implied move, and settlement data for the same-day expiration options contracts.
期权成交结构
2026年8月11日，追踪纳斯达克100指数的ETF Invesco QQQ信托（QQQ）的当日到期期权总成交量达1,321,058张合约，总保费成交额约2.27亿美元。其中最大单笔活跃合约为行权价720美元的当日到期看涨期权（代码QQQ260811C00720000），保费成交额约1536万美元。当日价平值（ATM）跨式组合隐含波动幅度约0.43%，看涨期权平均隐含波动率（IV）为177.6%，看跌期权平均IV为115.4%，看涨看跌IV价差达62.2个百分点。看涨与看跌期权成交量占比分别为48.2%与51.8%。
信号含义
该信号属于当日到期期权的上行波动率溢价与成交集中类型：尽管看涨与看跌期权总成交量接近，但看涨期权的隐含波动率显著高于看跌期权，且最大单笔成交为价平看涨合约，反映市场参与者对QQQ当日小幅上行的定价更为激进，存在短期盘中上行波动的定价共识。
基本面与事件交叉验证
本次期权成交未关联近期发布的财报数据，QQQ所有可查的公开财报均无实际营收与EPS预期值。可交叉验证的独立信号包括：2026年6月以来提交的SEC备案文件、2026年8月10日媒体提及的QQQ与同类ETF QQQM的费率差异新闻，以及机构Ferguson Shapiro LLC于8月9日增持13,348股QQQ的持仓变动记录。
后续关注
该信号仅反映当日到期期权市场的短期盘中定价情绪，无法证明长期方向性头寸调整或实际资金流入流出。后续需关注8月11日QQQ的实际收盘价与期权隐含波动的匹配情况，以及当日到期期权的到期结算结果。
This analysis was generated by InvestLog AI based on SEC filings, Form 4 insider transactions, Form 144 planned-sale notices, 13F institutional holdings, analyst ratings, and market data. It is for informational purposes only and does not constitute investment advice.这篇研究由 InvestLog AI 基于 SEC 披露、Form 4 内部人交易、Form 144 计划减持、13F 机构持仓、分析师评级和市场数据生成。内容仅供参考，不构成投资建议。