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#pin risk

2 articles

Market Analysis6 min read2026-08-16

The Last Tape Said OTM. The Official Close Exercised the QQQ $731 Calls.

On August 14, 2026, QQQ’s last option-tape print sat at $730.24—below the $731 strike. The official close was $732.10. OCC auto-exercise follows the close, not the last tick.

Market Analysis4 min read2026-08-07

Max Pain Is Not a Pin Forecast: Walls, GEX, and the Tape

Max pain theory is a popular expiration narrative. TradingFlow maps OI walls and GEX next to same-session flow so you do not trade a single pin number blind.