Invesco QQQ Trust, Series 1 (QQQ) Open Interest History
Open interest tracks the total number of outstanding options contracts. Rising OI alongside price moves can indicate growing commitment to the trend; declining OI suggests positions are being closed.
Invesco QQQ Trust, Series 1 (QQQ) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $485.47B, listed on NASDAQ, carrying a beta of 1.23 to the broader market. Managed by Invesco, the Invesco QQQ Trust, Series 1 functions as an exchange-traded fund (ETF) that commenced operations on March 10, 1999. public since 1999-03-10.
Snapshot as of Jul 6, 2026.
- Spot Price
- $724.65
- Call OI
- 4.1M
- Put OI
- 5.8M
- Total OI
- 9.9M
- Put/Call Ratio
- 1.02
As of Jul 6, 2026, Invesco QQQ Trust, Series 1 (QQQ) has 9.9M total contracts outstanding across all expirations. Put/call OI ratio is 1.39 (put-heavy positioning, often indicating hedging or bearish bias). Open interest reflects accumulated positions from prior sessions; persistent growth indicates sustained directional or hedging interest, while sharp drops typically mean post-expiration clean-up.
How QQQ open interest history Data Feeds Strategy Selection
Strategy selection on Invesco QQQ Trust, Series 1 options does not derive from any single metric in isolation. The open interest history view above sits inside a broader read: ATM IV currently sits at 23.9% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the open interest history data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
How to read the QQQ open-interest data
The open-interest time-series above tracks the total Invesco QQQ Trust, Series 1 options inventory outstanding day by day. OI is a stock measure - the cumulative position count - so trends flag accumulating or distributing positioning. Current put/call ratio is 1.02, roughly balanced. Total call OI of 4.1M versus put OI of 5.8M gives a put/call OI ratio of 1.39 - structurally a slower-moving signal than the volume-based ratio.
QQQ flow vs positioning
Volume tells you what flows happened today; OI tells you what positions accumulated. Both can move in opposite directions: rising volume with falling OI means contracts are being closed (covering); rising volume with rising OI means new positions are being opened. The combination matters more than either alone for reading sentiment. Combined with the current positive dealer-gamma regime, large OI clusters tend to act as price magnets through expiration cycles.
Using QQQ OI/volume data alongside other surfaces
Per-strike OI is the input to dealer-gamma calculations: strikes with elevated call OI generate gamma walls that dealers must hedge into as spot approaches them. The gamma-exposure page combines this distribution with the dealers' assumed-long-gamma assumption to project hedge flow. Volume cross-checks recent positioning shifts in the chain that haven't yet shown up in cumulative OI. Pair both with the term-structure view on the volatility page to determine whether the activity is concentrated in near-dated event hedging or longer-dated structural positioning. Front-month expiration for QQQ sits at 32 days, so near-dated volume currently dominates the flow reading.
Learn how open interest is reported and how to read the data →
Daily open-interest history for QQQ options over the last ~24 trading days. Each row reflects the end-of-day total OI summed across all listed strikes and expirations.
Most recent 15 trading days (descending). Older history appears in the chart above.
| Date | Call OI | Put OI | Total OI | P/C OI |
|---|---|---|---|---|
| Jul 6, 2026 | 4.1M | 5.8M | 9.9M | 1.39 |
| Jul 2, 2026 | 4.1M | 5.9M | 10.0M | 1.42 |
| Jul 1, 2026 | 4.2M | 5.8M | 10.1M | 1.38 |
| Jun 30, 2026 | 4.4M | 6.2M | 10.6M | 1.41 |
| Jun 29, 2026 | 4.3M | 6.1M | 10.4M | 1.40 |
| Jun 26, 2026 | 4.3M | 6.3M | 10.6M | 1.46 |
| Jun 25, 2026 | 4.3M | 6.2M | 10.5M | 1.46 |
| Jun 24, 2026 | 4.2M | 6.2M | 10.4M | 1.47 |
| Jun 23, 2026 | 4.0M | 6.1M | 10.1M | 1.51 |
| Jun 22, 2026 | 3.9M | 6.0M | 9.9M | 1.52 |
| Jun 18, 2026 | 5.0M | 7.9M | 12.9M | 1.56 |
| Jun 17, 2026 | 5.0M | 7.8M | 12.8M | 1.54 |
| Jun 16, 2026 | 5.0M | 7.7M | 12.6M | 1.54 |
| Jun 15, 2026 | 4.9M | 7.4M | 12.4M | 1.51 |
| Jun 12, 2026 | 5.0M | 7.6M | 12.6M | 1.50 |
QQQ highest open-interest contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| PUT | $660.00 | Dec 18, 2026 | 82 | 195.6K | 28.5% | $22.91 | $23.12 |
Top 1 contracts from the institutional-grade nightly options scan; ranked by oi within the broader S&P 500/400/600 + ETF universe.
Frequently asked QQQ open interest history questions
- What is the current QQQ options open interest?
- As of Jul 6, 2026, Invesco QQQ Trust, Series 1 (QQQ) has 9.9M total contracts outstanding across all listed expirations, split as 4.1M calls and 5.8M puts. Open interest reflects accumulated positions from prior trading sessions; it does not include today's volume until end-of-day reconciliation.
- What is the QQQ put/call open interest ratio?
- Put/call OI ratio of 1.39 is put-heavy, often indicating hedging demand or bearish positioning.
- What does QQQ open interest tell traders?
- Persistent OI growth indicates sustained directional or hedging interest; sharp drops typically mean post-expiration position cleanup. Heavy OI concentrations at specific strikes act as support and resistance levels because dealer hedging amplifies near those strikes - the gamma profile of the dealer book is concentrated there. Comparing today's volume to standing OI separates opening flow from closing flow.