Sr. Correspondent, Broker Research, Bangalore, India
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Oct 22, 2014
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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 Ahmed is an options correspondent working with the Markets team in New York. He previously led the Reuters Broker Research team in Bangalore. He joined Reuters in 2009 after graduating from the Asian College of Journalism."
      Joined Reuters:
      2009
      Languages:
      English, Hindi, Bengali
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