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This blog post was written by OptionMonster's Chris McKhann.
Options traders are making a short-term bearish play on the Nasdaq 100-indexed ETF.
The QQQQ [QQQQ
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OptionMonster's tracking systems show buying of the February 24 puts, where almost 57,000 contracts traded, more than the outstanding open interest of 35,591. Most of them traded in large blocks in a 10-minute period in the afternoon for $0.10.
The QQQQ options were second on the overall volume list for the day, with 641,000 contracts traded. Most of this action was in February, with 484,000 contracts changing hands against a 20-day average of 197,000.
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More Exchange-Indexed ETFs:
Ultra S&P500 ProShares [SSO
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ProShares UltraShort S&P500 [SDS
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ProShares Ultra QQQ [QLD
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iShares S&P 500 Index [IVV
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Data is a real-time snapshot *Data is delayed at least 15 minutes