PowerShares QQQ Trust, Series 1 (ETF)’s Trend Up, Especially After This Options Activity

 PowerShares QQQ Trust, Series 1 (ETF)'s Trend Up, Especially After This Options Activity

In today’s session PowerShares QQQ Trust, Series 1 (ETF) (QQQ) registered an unusually high (582) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2018 call, expecting serious QQQ increase. With 582 contracts traded and 39444 open interest for the Jan, 18 contract, it seems this is a quite bullish bet. The option with symbol: QQQ180119C00130000 closed last at: $3.65 or 4.5% down. About 7.66M shares traded hands. PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) has risen 9.01% since April 25, 2016 and is uptrending. It has outperformed by 3.00% 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 $41.18 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 important recent PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) news were published by: Bloomberg.com which released: “How to Play the Powershares QQQ Trust Series 1 ETF” on May 31, 2016, also Investorplace.com published article titled: “PowerShares QQQ Trust, Series 1 (ETF) (QQQ) Is on the Verge of Breaking Out”, Investorplace.com published: “Trade of the Day: Powershares QQQ Trust, Series 1 (ETF) (QQQ) a Big Buy” on September 23, 2016. More interesting news about PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) was released by: Etfdailynews.com and their article: “Inflows Return To QQQ As Major Tech Stocks Recover” with publication date: November 23, 2016.

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