
Significant trading activity has been observed in the QQQ options market, particularly with a focus on 0DTE (zero days to expiration) puts. Notably, over $2 million in 0DTE puts have been traded, indicating that large investors, referred to as 'whales', are anticipating a swift market move. A trader highlighted the unusual volume in QQQ puts, specifically mentioning 486 and 488 strike prices, which are both linked to a $2 million trading volume. Additionally, a block of 6,000 November 8th weekly $488 calls was sold for $6.61, suggesting that traders are positioning themselves with an implied ceiling near 495 for the week and are capitalizing on heightened implied volatility before the expiration date.
$QQQ sees a block of 6000 Nov 8th weekly $488 calls sell in buy writes for $6.61, sees an implied ceiling this week near 495 and selling this juicy implied volatility
$QQQ Million+ Put Sell Orders They want to collect the premium on these contracts with the heightened IV before tomorrow https://t.co/1Kdx80B3os
QQQ 488 Puts NQ (both 2m). "The shadow knows" Bigs cant disguise action in #0dte(s). I purposely stayed away. Pointed it out when volume came. https://t.co/B1f3rKOdgM



