QQQ Options Are Pricing a $23.42 Move Into October 23 — Positioning Leans Bearish Below the $710 Put Wall

This is your Invesco QQQ Trust briefing for October 18, 2026. QQQ closed Friday at $709.80, and the options market leans bearish. The market is pricing a range of about $686.38 to $733.22 into the October 23 expiration. The read holds as long as QQQ doesn't close above $720. A close above $720 is the kill switch. Everything else in this episode is the why behind that call.

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