On April 13, 2026, the Invesco QQQ Trust (QQQ) delivered a clean bullish reversal after an initial period of morning volatility. After gapping down to an intraday low of $609.43, the index found strong buyer interest at the daily technical floor. The 1-minute chart shows the price staging a steady "stair-step" rally, clearing its Opening Range High (ORH) and reclaiming the $610.00 strike level. By mid-afternoon, the stock hit a daily high of $615.11 before settling near the highs at $614.41. The stock remained pinned above its adaptive 20-period EMA for the entire second half of the day, confirming dominant institutional buying pressure.
The 0-DTE (zero days to expiration) derivatives market for the $610.00 strike saw explosive, delta-driven gains for bulls:
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$610.00 Call Option: These contracts staged a spectacular rally as the underlying index moved deep into-the-money. From an early morning low of $0.50, the calls skyrocketed through seven distinct technical target levels to hit a daily peak of $5.25—a staggering 780% gain. The calls closed strong at $4.41, capturing the bulk of the index's afternoon expansion.
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$610.00 Put Option: Conversely, it was a "terminal zero" scenario for bears. After an early morning spike to $1.95 during the stock's initial dip, the puts entered a relentless downward slide as the rally intensified. By the final bell, these contracts were decimated by the combination of price movement and theta, expiring essentially worthless at $0.01.
The technical environment was dominated by a successful "Opening Range Breakout," with the LuxAlgo indicators showing "Huge" buying volume as the index crossed the $612.00 threshold. The lack of any significant afternoon pull-back ensured that 0-DTE call holders were rewarded with a clean trend, while puts were liquidated by the relentless squeeze. This session served as a textbook example of how a morning support test can lead into a powerful trend day for the NASDAQ-100.
