The product of the roots of the quadratic equation x2 +px+q=0 is q.

This equation has roots z1 and z2 given by
-p± p2 -4q 2

so
z1 = -p+ p2 -4q 2 =u+iv

and
z2 = -p- p2 -4q 2 =u-iv

where u+iv and u-iv are complex conjugates.

The product of the complex conjugate roots is given by
z1 z2 =(u+iv)(u-iv)= u2 + v2 =| z1 |2 =| z2 |2 .

Hence as the quadratic changes keeping q fixed and varying p the locus of the complex roots is the circle with radius q centre at the origin.