- New ETFs
- Bond ETFs
- Currency ETFs
- Emerging Market ETFs
- Commodity ETFs
- Broad U.S. Equity ETFs
- Sector ETFs
- Specialty ETFs
Will the Market Break Further?
Recent Articles by Michael J. Zerinskas - Chief Options Strategist at Benzinga
- Revisiting the UNG
- Call Spread Purchased in AMR
- Large Trade in Hartford
- United Health to Fall?
- Puts Purchased in Royal Caribbean
Markets
- Video: Setting Up To Profit. (NYSE:KBH), (NYSE:BBY), (NASDAQ:ORCL), (NASDAQ:ADBE), (NYSE:SPY)
- USD Starting a New Wave Up?
- Carter Worth Says Best Buy Losing Momentum (BBY)
- Icahn Offers To Purchase All Outstanding Shares Of Lions Gate (LGF)
- Biotech Stock Mailbag: Generex (PFE, MNKD)
Broad U.S. Equity ETFs
- ETFs To Watch March 19, 2010 (PALL, EUO, BRF, DUG)
- ETFs To Watch March 18, 2010 (IYT, EWZ, HAO, MTK)
- ETFs To Watch March 17, 2010 (FXC, THD, SMH, USO)
- S&P 500 Large Cap Index ( SPX )
- ETFs To Watch March 16, 2010 (UUP, XLP, EWT, XLK)
Trading Ideas
- Hasbro Looks Forward To A Bright Future (HAS, ERTS)
- GameStop To Continue Its Expansion (GME, WMT)
- Jim Cramer's Lightning Round Picks (APD, WEN, MCD, TSRA, VSI, VITC, PTV, IP, STXS, ABT, NMM, ATPG, GMCR)
- Fast Money Picks For March 22nd (MHS, CVS)
- Cramer Recommends Sonus Networks As A Speculative Play (SONS)
Options
- Carter Worth Says Best Buy Losing Momentum (BBY)
- Look To Add Short Exposure Going Into Next Week
- James Altucher's Favorite Under $5 Stock: Star Scientific (CIGX)
- Revisiting the UNG
- Call Spread Purchased in AMR
ETFs
- Benzinga's Top ETF Decliners (AGQ, EDC, TNA, DGP)
- Benzinga's Top ETF Gainers (ZSL, TZA, EDZ, DTO)
- Potential Reversals 3/19/10
- ETFs to Hedge Inflation
- ETFs to Hedge Inflation
Tech
Posted on 02/08/10 at 11:29am by Michael J. Zerinskas
Stock and debt markets around the world have been on shaky ground the past three weeks and some traders believe that the worst may not be over. On Friday, though we did close positive after being down significantly, one trader made a large bet in the PowerShares QQQ Trust (NASDAQ: QQQQ). This ETF, which tracks the Nasdaq 100, saw 24,000 of the April 41/36 puts spreads purchased for $1.03.
With the PowerShares QQQ Trust trading at $42.90, this trade will only become profitable once the Nasdaq 100 falls another 5.4% and will take a maximum gain if the ETF is right at $36 on expiration.
This may very well be a large institution placing a high beta hedge on technology holdings, but the idea that the large player is giving such a high probability of the ETF falling another 10% or so is something to keep in the back of one’s mind. We may still be in for a bumpy ride.
Bookmark/Search this post with:
Related Articles
Today's Trading Ideas
Featured Articles
Related News from the Stock Market
- Putting Three ETFs To Work In A Cash Hoarding Tech Sector
- Bear Flag On Chart Looks Promising..But Volume Could Stall It. (NASDAQ:QQQQ), (NYSE:SPY), (NYSE:DIA)
- Discover Another Tech ETF
- Some Names That Are Not At 52 Week Highs (NYSE:FCX), (NASDAQ:AMZN), (NYSE:AXP)
- ETFs To Watch March 16, 2010 (UUP, XLP, EWT, XLK)
There are 0 comments
Please note that comments may take up to one hour before they get published on the site. Please check back later to see your comments.
Post new comment
Receive Benzinga's Best 2010 Stock Idea!
