Sr. Correspondent, Broker Research, Bangalore, India
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Oct 21, 2014

Bullish bets on QQQ, SPY ETF options bank on new market highs

NEW YORK (Reuters) – Record-low prices for some bullish options on two of the largest U.S. exchange-traded funds appear to have lured one investor to place a big bet that U.S. stocks are headed back for all-time highs within the next four weeks, options analysts said Tuesday.

The two big bets were placed within minutes of each other Tuesday morning on the options of the SPDR S&P 500 ETF (SPY.P: Quote, Profile, Research, Stock Buzz), which tracks the benchmark S&P 500 Index .SPX, and the PowerShares QQQ Trust (QQQ.O: Quote, Profile, Research, Stock Buzz), which follows the Nasdaq 100 .

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    • About Saqib

      "Saqib is Senior correspondent, Broker Research and leads a team of five reporters covering equities research. He previously worked as a producer on the Reuters Global Online desk. He joined Reuters in 2009 after graduating from the Asian College of Journalism."
      Joined Reuters:
      2009
      Languages:
      English, Hindi, Bengali
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