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 $510.23B, 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 Aug 21, 2026.
- Spot Price
- $713.91
- Call OI
- 5.8M
- Put OI
- 7.0M
- Total OI
- 12.8M
- Put/Call Ratio
- 0.98
As of Aug 21, 2026, Invesco QQQ Trust, Series 1 (QQQ) has 12.8M total contracts outstanding across all expirations. Put/call OI ratio is 1.22 (balanced positioning). 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 19.2% and dealer gamma exposure is negative, so dealer hedging amplifies directional moves. 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 0.98, roughly balanced. Total call OI of 5.8M versus put OI of 7.0M gives a put/call OI ratio of 1.22 - 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 negative dealer-gamma regime, large OI clusters tend to act as price repellents that accelerate moves through key strikes.
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 28 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 ~37 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 |
|---|---|---|---|---|
| Aug 21, 2026 | 5.8M | 7.0M | 12.8M | 1.22 |
| Aug 20, 2026 | 5.7M | 6.9M | 12.6M | 1.20 |
| Aug 19, 2026 | 5.7M | 6.8M | 12.5M | 1.19 |
| Aug 18, 2026 | 5.5M | 6.6M | 12.1M | 1.20 |
| Aug 17, 2026 | 5.4M | 6.4M | 11.8M | 1.18 |
| Aug 14, 2026 | 5.5M | 6.5M | 12.0M | 1.20 |
| Aug 13, 2026 | 5.3M | 6.4M | 11.7M | 1.19 |
| Aug 12, 2026 | 5.3M | 6.3M | 11.5M | 1.19 |
| Aug 11, 2026 | 5.1M | 6.2M | 11.3M | 1.20 |
| Aug 10, 2026 | 5.1M | 6.0M | 11.1M | 1.19 |
| Aug 7, 2026 | 5.3M | 6.4M | 11.6M | 1.21 |
| Aug 6, 2026 | 5.2M | 6.3M | 11.5M | 1.21 |
| Aug 5, 2026 | 5.2M | 6.3M | 11.5M | 1.22 |
| Aug 4, 2026 | 4.9M | 6.1M | 11.0M | 1.25 |
| Aug 3, 2026 | 4.8M | 6.0M | 10.8M | 1.26 |
QQQ highest open-interest contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| PUT | $660.00 | Dec 18, 2026 | 208 | 197.0K | 24.8% | $15.37 | $15.48 |
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 Aug 21, 2026, Invesco QQQ Trust, Series 1 (QQQ) has 12.8M total contracts outstanding across all listed expirations, split as 5.8M calls and 7.0M 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 1.22 is balanced.
- 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.