Investing
Unusual Put Option Trade in PowerShares QQQ Trust Worth $6,732K
Published:
Last Updated:
On April 20, 2023 at 14:41:36 ET an unusually large $6,732.00K block of Put contracts in PowerShares QQQ Trust (QQQ) was sold, with a strike price of $350.00 / share, expiring in 1 day(s) (on April 21, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 4.27 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in QQQ options.
This trade was first picked up on Fintel’s real time Unusual Option Trades tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 2474 funds or institutions reporting positions in PowerShares QQQ Trust. This is an increase of 128 owner(s) or 5.46% in the last quarter. Average portfolio weight of all funds dedicated to QQQ is 1.30%, a decrease of 29.98%. Total shares owned by institutions decreased in the last three months by 4.51% to 234,811K shares. The put/call ratio of QQQ is 1.78, indicating a bearish outlook.
What are Other Shareholders Doing?
Birchcreek Wealth Management holds 5K shares. In it’s prior filing, the firm reported owning 5K shares, representing an increase of 7.56%. The firm decreased its portfolio allocation in QQQ by 99.90% over the last quarter.
Atlas Financial Advisors holds 30K shares. In it’s prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.
Cabot Wealth Management holds 1K shares. In it’s prior filing, the firm reported owning 1K shares, representing a decrease of 27.50%. The firm increased its portfolio allocation in QQQ by 88,286.91% over the last quarter.
Biondo Investment Advisors holds 1K shares. No change in the last quarter.
Advisors Capital Management holds 6K shares. In it’s prior filing, the firm reported owning 6K shares, representing an increase of 0.97%. The firm decreased its portfolio allocation in QQQ by 99.90% over the last quarter.
See all PowerShares QQQ Trust regulatory filings.
This article originally appeared on Fintel
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
