Invesco QQQ , Series 1 (QQQ) put/call ratio1.12 by volume · 1.34 by open interest · 2026-10-26 session
QQQ's put/call ratio is 1.12 by volume (647,366 puts against 577,844 calls traded in the 2026-10-26 session) and 1.34 by open interest (974,745 put contracts open against 724,887 calls) across the 8 nearest expirations with strikes within 12% of the $712.65 stock price. Today's reading is balanced: puts and calls traded in similar size.
By expiration
| Expiration | Put vol | Call vol | P/C vol | Put OI | Call OI | P/C OI |
|---|---|---|---|---|---|---|
| 2026-10-27 | 394,629 | 355,719 | 1.11 | 86,851 | 93,584 | 0.93 |
| 2026-10-28 | 110,318 | 85,733 | 1.29 | 37,744 | 40,716 | 0.93 |
| 2026-10-29 | 35,665 | 26,718 | 1.33 | 34,558 | 34,431 | 1.00 |
| 2026-11-03 | 7,995 | 10,301 | 0.78 | 23,743 | 9,868 | 2.41 |
| 2026-11-09 | 4,128 | 4,816 | 0.86 | 0 | 0 | — |
| 2026-11-20 | 86,309 | 86,371 | 1.00 | 768,900 | 522,518 | 1.47 |
| 2026-11-27 | 4,820 | 5,477 | 0.88 | 20,614 | 18,605 | 1.11 |
| 2026-12-04 | 3,502 | 2,709 | 1.29 | 2,335 | 5,165 | 0.45 |
Volume counts only contracts whose last trade printed in the 2026-10-26 session. Strikes within 12% of spot, 8 expirations out to 2026-12-04.
More QQQ: expected move · implied volatility · option chain · GEX levels · all QQQ options data · what the ratio means
Frequently asked questions
- What is the QQQ put/call ratio?
- Puts traded divided by calls traded for Invesco QQQ , Series 1 (QQQ) options in the current session (the volume ratio), and total put open interest divided by call open interest (the open-interest ratio). Above 1 means more puts than calls; most single stocks sit between 0.5 and 1, index ETFs like SPY run higher because they are used for hedging.
- Which ratio should I read, volume or open interest?
- Volume is today's flow and moves fast; open interest is the standing book and moves slowly. A volume ratio far above the open-interest ratio means today's trading is more put-heavy than the positions already open, which is the kind of divergence worth noticing.
- Is a high put/call ratio bullish or bearish?
- Both readings exist. Taken at face value it is bearish positioning; as a contrarian gauge, extreme put buying has often marked short-term lows. The ratio is one input, not a signal, so pair it with the dealer levels and the expected move for the same ticker.
- How fresh is this number?
- Only contracts whose last trade printed in the most recent trading session count toward volume; stale rows are excluded so the ratio never mixes weeks-old prints with today's. The page refreshes every 15 minutes.
See the QQQ flow behind the ratio
The tape shows the sweeps and blocks that moved today's put and call volume, and the GEX map shows where dealers are positioned against them. Live data, free to start.
Open the tapeNot advice.