NASDAQ-100 Consolidated COT Report

Neutral – Lower Value Rejected

Price and institutional positioning are not aligned.

Price Action

• Current Week (2026-03-03 → 2026-03-10): ▲ +0.92%
• Previous Week (2026-02-24 → 2026-03-03): ▼ -1.09%
• Pre-cutoff POC (2026-03-03 → 2026-03-10): 25038.88
• Post-cutoff POC (2026-03-10 → 2026-03-13): 24656.25
• Friday 3PM price (2026-03-13): ▲ 24418.7500
• Friday vs Post-cutoff POC: -237.5000 (▼ -0.96%)

What's Changed?

• Open Interest — 315,326 (▼ -13,928 WoW)
• Asset Managers — 100,327 long / 36,767 short → +63,560 net (20.1% of OI)
• Net ▼ reduced by 4,364 contracts
• Leveraged Funds — 47,593 long / 78,510 short → -30,917 net (-9.8% of OI)
• Net ▼ reduced by 612 contracts
• Swap Dealers — 46,823 long / 79,777 short → -32,954 net (-10.5% of OI)
• Net ▲ increased by 3,364 contracts
• Other Reportables — 5,811 long / 4,469 short → +1,342 net (0.4% of OI)
• Net ▲ increased by 2,067 contracts

Positioning Summary

• Asset Managers reduced net exposure during the reporting week.
• Leveraged Fund activity was heavily skewed toward spreading, muting the directional signal from net positioning.
• Dealer Intermediaries reduced inventory, signaling balance sheet contraction.
• Open interest declined, indicating net risk reduction rather than expansion.

Risk Flags

• Post-cutoff trading accepted lower prices than the COT inventory range.
• Dealer inventory contraction suggests reduced liquidity support.