43600 QQQ Dec 125 calls went up in 2 blocks on the CBOE.?

QQQ

Shares of Powershares QQQ Trust (QQQ) are down .64 to 114.53 today.? QQQ is near the top of the 52 week range.

  • Paper traded 43600 QQQ Dec 125 calls for .05.
  • ADV is 384k.?
  • The OI is over 5705 contracts.

The volume went up in 2 blocks on the CBOE.? The calls looked straight buy as the Santa Rally Hat is firmly in place on this trader.? Even a move back to 120 quickly could lift these calls into homerun-ville.

  • IV 30 is trading for 19%.?
  • HV10 is trading for 9%.?
  • IV 30 is above the HV 10.

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.