The Nasdaq-100 ETF, QQQ, has shown significant upward momentum following the recent elections, with predictions suggesting it could reach $525 by December. As of November 6, 2024, QQQ is trading above $510, marking a remarkable recovery from the bear market lows of $254 recorded in October 2022. Traders are actively locking in profits, with reports of substantial options activity including the sale of 12,000 March $530 calls at $17.61 and the purchase of 4,600 November 22nd $520 calls at $3.77. Overall, the market sentiment remains positive, with expectations for continued growth through November and December, as evidenced by the strong performance of tech stocks and significant trading volumes in QQQ options.