19000 QQQ Jan06 120.5 puts went up in one block on the ISE.?
Shares PowerShares QQQ Trust (QQQ) are down.35 to 120.47 today.? ??? QQQ is near the top of the 52 week range.
- Paper traded 19000 QQQ Jan06 120.5 puts for .87.?
- The ADV is 392k contracts.?
- The OI is 1345 contracts.
The volume went up in one block on the ISE.? A block of 1000 puts preceded the large block which lifted the offer at the time.? It does not appear that the buyer bought stock against it so this could be a short punt on the QQQ falling.? The puts are even as of this writing.
- IV 30 is trading 13%.?
- HV10 is trading for 7.7%.?
- IV 30 is below the HV 10.
PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock.