$QQQ
-13.82%
This week we saw numerous unusual market news Before Trump announced a pause, there was HUGE $QQQ volume on a 460C expiring 04/17. They were bought for $0.85 and ran to as high as $31 per contract!!! This was before any news. Later in the day, it rallied 2000% in ten minutes The trader made millions. Why was this unusual? For a few reasons: - Firstly new opening volume on chain, minutes after market open - IVR of +80 on $QQQ, with iv percentile of medium, so vol wasn’t anticipating a move this big - All execution happened at once, at ask - This was wildly out of the money at the time - Market was bearish, across the board - Zscores on this opening weekly $QQQ HIGHLY suspicious! Someone always knows.
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