For the nearest QQQ expiry, 2026-11-02 , open interest is most concentrated in a tight 675–700 zone around the current $690.49 close.


Put-side concentration:
695 put: 8,691 contracts — the largest put OI in the returned near-price chain, only 0.65% above spot .
675 put: 4,897 contracts, 2.24% below spot .
700 put: 4,933 contracts, 1.38% above spot .
670 put: 1,826 contracts, 2.97% below spot .
Call-side concentration:
710 call: 1,373 contracts — the largest call OI shown, 2.83% above spot .
705 call: 519 contracts, 2.10% above spot .
The 700 call has only 139 contracts of OI despite very high same-day volume, so it is an active trading strike rather than an established OI wall.
What matters:


695 is the immediate pivot. It carries the heaviest displayed put positioning and sits nearly at spot, so a sustained move through it could make hedging flows more reactive rather than stable.
700 is the key nearby round-number battleground. Put OI is substantial there, while call volume was exce

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