The Invesco QQQ Trust (QQQ) has been experiencing significant trading activity, particularly with a notable influx of put options. On November 1, 2024, analysts highlighted key price levels, identifying $486.42 as the bottom of the November Value Area and $491.12 as a resistance level. The trading day began with millions in put flow, indicating bearish sentiment among traders. Additionally, a textbook break was noted earlier in the day, suggesting a potential shift in market dynamics. Analysts are closely monitoring these levels for possible re-entry points in QQQ, emphasizing the importance of multi-timeframe analysis.