PowerShares QQQ (QQQ) adds 36 cents to $63.56 and 39000 Sep 52 – 60 put spreads are sold on the ETF at 81 cents. Two minutes later, 12000 Sep 110 – 127 put spreads are sold on the SPY at $1.185. Some investors are possibly liquidating downside put spreads on the ETFs on the heels of today’s market advance.
Category: All ETFs
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.