PowerShares QQQ Trust, Series 1 (ETF) Stock Price Could Go Down After Today’s Bearish Options Activity

 PowerShares QQQ Trust, Series 1 (ETF) Stock Price Could Go Down After Today's Bearish Options Activity

In today’s session PowerShares QQQ Trust, Series 1 (ETF) (QQQ) recorded an unusually high (1,124) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious QQQ decrease. With 1,124 contracts traded and 314104 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: QQQ170120P00105000 closed last at: $1.28 or 7.6% up. About 8.74M shares traded hands. PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) has risen 9.82% since March 14, 2016 and is uptrending. It has outperformed by 4.20% the S&P500.

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The ETF has a market cap of $38.18 billion. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. It currently has negative earnings. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

QQQ Company Profile

PowerShares QQQ Trust Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index.

More notable recent PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) news were published by: Investorplace.com which released: “Trade of the Day: Powershares QQQ Trust, Series 1 (ETF) (QQQ) a Big Buy” on September 23, 2016, also Bloomberg.com with their article: “How to Play the Powershares QQQ Trust Series 1 ETF” published on May 31, 2016, Etfdailynews.com published: “Here’s Why a Market Correction is Unlikely Until January” on September 08, 2016. More interesting news about PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) were released by: Livetradingnews.com and their article: “PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) Trending Upwards” published on October 13, 2016 as well as Investorplace.com‘s news article titled: “Trade of the Day: Don’t Chase Tech at This Level” with publication date: March 27, 2015.

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