The archived QQQ source record lists Vertical put spread (2 legs), 10,000 contracts and $13.54M in reported gross premium. Execution classification alone does not establish opening or closing status or the participant's account position.
What happened
The saved event-time field is 2026-10-30 10:18:45. The original price reference is $694.48. The source table and any leg entries below are retained as recorded; no new quote has been substituted.
- QQQ Nov 20 $700 Put: 5,000 contracts at $18.51 (sold)
- QQQ Nov 20 $670 Put: 5,000 contracts at $8.57 (bought)
Why it matters
The 2 retained leg entries sum to 10,000 contracts. Adding quantity × listed premium × an assumed standard 100-share multiplier across all legs gives $13,540,000.00 in gross premium; bought cash less sold cash is $4,970,000.00 received. This reconciles the rounded table values but does not establish the participant's opening/closing status or actual account cash flow.
All retained legs carry the Nov 20 expiry label. For an explicit standalone opening-package hypothesis, sum each bought leg's intrinsic value and subtract each sold leg's intrinsic value, then subtract the signed net premium. Fees, adjusted deliverables, early exercise or assignment, unrecorded holdings and an early exit are excluded.
The displayed buy/sell side is the archived classification; raw bid/ask observations and account holdings are not retained. Open interest is an aggregate for the series and cannot identify this print as an opening trade. Delta is contract sensitivity, not a verified holding of stock.
The numbers
Original provider-record fields: The structure, lean, side and breakeven labels in the unchanged table are archived feed/model outputs, not a verified complete account position. Only the explicitly stated standalone hypotheses above describe calculated payoffs; a missing leg, opening/closing status or adjusted deliverable can change them.
| Structure | Vertical put spread (2 legs) |
|---|---|
| Lean | Bullish |
| Expirations | Nov 20 (nearest in 21 days) |
| Strikes | $670, $700 |
| Contracts | 10,000 |
| Total premium | $13.54M |
| Net cost | $4.97M credit |
| Stock at the trade | $694.48 |
Three ways this could play out
At a hypothetical $670.00 stock price at that shared expiration, the retained opening-package calculation is $-15,000,000.00 signed intrinsic value minus $-4,970,000.00 signed premium = $-10,030,000.00, before fees. This is a conditional model result, not an observed profit or the participant's verified position.
At a hypothetical $700.00 stock price at that shared expiration, the retained opening-package calculation is $0.00 signed intrinsic value minus $-4,970,000.00 signed premium = $4,970,000.00, before fees. This is a conditional model result, not an observed profit or the participant's verified position.
At a hypothetical $694.48 stock price at that shared expiration, the retained opening-package calculation is $-2,760,000.00 signed intrinsic value minus $-4,970,000.00 signed premium = $2,210,000.00, before fees. This is a conditional model result, not an observed profit or the participant's verified position.
What to watch next
- Confirm every leg, its side, quantity, expiry and deliverable before assigning a complete strategy or maximum risk.
- Compare next-session open interest with total session activity; the aggregate change cannot establish what this participant opened or closed.
