Today PowerShares QQQ Trust, Series 1 (ETF) Had High Bullish Options Activity

 Today PowerShares QQQ Trust, Series 1 (ETF) Had High Bullish Options Activity

In today’s session PowerShares QQQ Trust, Series 1 (ETF) (QQQ) registered an unusually high (2,251) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the February, 2017 call, expecting serious QQQ increase. With 2,251 contracts traded and 1464 open interest for the Feb, 17 contract, it seems this is a quite bullish bet. The option with symbol: QQQ170217C00121000 closed last at: $1.33 or 30.7% down. About 3.86M shares traded hands. PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) has risen 4.38% since April 5, 2016 and is uptrending. It has outperformed by 2.42% 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 $39.57 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: Etfdailynews.com which released: “Nasdaq, In Oversold Territory, Leads The Way Higher Today” on November 07, 2016, also Benzinga.com with their article: “Carter Worth And Mike Khouw’s PowerShares QQQ Trust, Series 1 (ETF) Trade” published on October 22, 2016, Bloomberg.com published: “How to Play the Powershares QQQ Trust Series 1 ETF” on May 31, 2016. More interesting news about PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) were released by: Investorplace.com and their article: “Trade of the Day: Powershares QQQ Trust, Series 1 (ETF) (QQQ) a Big Buy” published on September 23, 2016 as well as Etfdailynews.com‘s news article titled: “Money Flows And Options Activity Telling Different Stories About Stocks” with publication date: November 02, 2016.

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