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$QQQ high of 499.80 lol we almost got there.. what a call and target a week ahead of OPEX schedule
$QQQ now 7500 August $525/$500 strangles sell to open 12.65...leans strong bullish delta.. pretty insane to see that into highs like this but continues the theme of dispersion trade in the indices vs single stocks likely through this summer of George @jam_croissant
$QQQ buy-write sold 9000 August $520 calls for $2.92 to $2.88, targets a double off the Oct. 2022 low
$QQQ, the Nasdaq ETF, hit a new all-time high, with traders closely monitoring levels around 480. Tech stocks had a strong week, showing bullish activity with large options trades and bullish risk reversals. Notable trades include buying January $549.78 calls and selling March $440 puts. Market analysts highlight the extended nature of $QQQ after a significant gain last week. Despite this, there is ongoing bullish sentiment with strategies like buy-writes and strangles being employed. The ETF reached a high of 499.80, close to a predicted target ahead of OPEX schedule.