QQQ Cannot Be Stopped: How Options Traders Are Reacting
Schaeffers Investment Research·2026-05-07 01:56
Last time we checked in with Invesco QQQ Trust (QQQ), the Nasdaq-100 (NDX) exchange-traded fund (ETF) was breaking out of a slump and testing a key trendline. Amid a historic semiconductor sector run, QQQ is up 1.4% to trade at $692.32 today, earlier hitting a record high of $692.86. Options traders have been along for the ride.In the last 10 days, 3,568,504 puts have changed hands, outflanking the 2,922,616 calls exchanged during the same timeframe. But digging deeper, the weekly 5/1 675-strike call was th ...