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Huge trade on the NASDQ 100
Posted on 7/9/26 at 8:54 pm
Posted on 7/9/26 at 8:54 pm
quote:CNBC
Tech bulls may not have to wait much longer for fresh highs, if the single-biggest trade in the Invesco QQQ Trust ETF
on Thursday is any indication.
The trader spent $24 million on a three-part call spread that needs the Nasdaq-100 index to make an all-time high by the end of this month, a high-conviction directional bet and the third-biggest trade among all options exchanged on Thursday.
Despite recent volatility, the Nasdaq 100
has been effectively flat since May 14. The index last made a high on June 3, with most options volume centering around the $710 level, according to data from ThinkOrSwim. At the same time, the S&P 500
has been trading in a roughly 200-point range since early May.
The main piece of the bullish position, executed about 90 minutes after the opening bell, was a $30 million purchase of 28,000 736-strike calls expiring July 31. At the same time, the person sold $6 million worth of the 730/740-strike call spread expiring the same date, lowering the cost of the trade, but pushing the breakeven up to about $750 – less than $2 above the QQQ high from early June
9
Posted on 7/9/26 at 9:42 pm to bigjoe1
someone bought 18,000 of the 7/31 730’s also
I guess those are the sold calls from the main trade
I guess those are the sold calls from the main trade
This post was edited on 7/9/26 at 9:45 pm
Posted on 7/9/26 at 10:02 pm to bigjoe1
Interesting…
That’s oddly specific for an index.
Not complaining. Just wondering what kind of event(s) would move the whole market that much.
That’s oddly specific for an index.
Not complaining. Just wondering what kind of event(s) would move the whole market that much.
Posted on 7/9/26 at 10:06 pm to bayoubengals88
Not as much money by far - but there was an odd call placed on NOK for July 31 too. Like a mil placed on NOK with a 7/31 date which was a multiple of the open interest. That’s a short fuse for a million dollar trade. Highly specific.
When I looked the amount of volume on NOK calls was surprising.
When I looked the amount of volume on NOK calls was surprising.
This post was edited on 7/9/26 at 10:11 pm
Posted on 7/9/26 at 10:11 pm to bigjoe1
What sparked this? That's a lot of money.
Posted on 7/9/26 at 11:02 pm to bigjoe1
I told my butler to not spend his entire bonus in one place. Guess he did.
Posted on 7/10/26 at 4:43 am to bigjoe1
Which one of you guys on this board made the trade? It's ok we wont judge.
Posted on 7/10/26 at 6:51 am to Billy Blanks
quote:
What sparked this? That's a lot of money.
Get a hunch-bet a bunch!
Posted on 7/10/26 at 6:59 am to bigjoe1
This means that this person believes the stock market will hit all time highs by the end of the month?
Posted on 7/10/26 at 7:55 am to bigjoe1
Hope theyre correct but that is foolish. Why make an all or nothing bet with 30mil
This post was edited on 7/10/26 at 7:56 am
Posted on 7/10/26 at 7:56 am to supadave3
It may be a small hedge for going short big. You never know…
Posted on 7/10/26 at 8:10 am to FLObserver
quote:
Which one of you guys on this board made the trade? It's ok we wont judge.
Found an extra 25m in my vacation home closet. Decided to throw 20m in the market and spent the leftover on hookers, blow, and Iraqi dinars
This post was edited on 7/10/26 at 8:13 am
Posted on 7/12/26 at 7:42 am to bigjoe1
I made the trade and my driver is going to push the market up with some buys.
Posted on 7/12/26 at 11:23 pm to LChama
quote:
Hope theyre correct but that is foolish. Why make an all or nothing bet with 30mil
not much if you have a few billion
Posted on 7/13/26 at 9:37 am to bigjoe1
quote:
$30 million purchase of 28,000 736-strike calls expiring July 31
Can someone give me the simple explanation on the seller's positions here. The market was obviously large enough to absorb this kind of purchase, but what are the positions of the sellers that will make or lose them money?
Posted on 7/13/26 at 9:51 am to Kingpenm3
the calls bought are the bullish position the calls sold are a small hedge. Breakeven on the entire trade is QQQ 750 by 7/31.
The sold calls dampen the upside a little (as those will lose money if the bought calls make money
The sold calls dampen the upside a little (as those will lose money if the bought calls make money
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