Motherload of QQQ puts

O

optionsplayer

Did anyone see this absolutely insane volume on the QQQ May 22 strike puts.....200,000+ contracts so far.

It all happened at lunch time between noon & 12:40........

These appear to be long positions on + ticks......Someone put up $5,000,000.00 to take this short position.

I can post the T&S at some point. Blocks of 9999 contracts & 9000 contracts.....all filled @ .25

The Nasdaq is starting to fade now, and the bid ask has already gone up by a nickel to .25/.30.....what perfect timing......

****** I may have posted a bit soon....check out the volume on the April 22 QQQ puts.....250,000+ with basicaly no current open interest...either someone is spreading or extremely bearish.
 
Quote from optionsplayer:

Did anyone see this absolutely insane volume on the QQQ May 22 strike puts.....200,000+ contracts so far.

It all happened at lunch time between noon & 12:40........

These appear to be long positions on + ticks......Someone put up $5,000,000.00 to take this short position.

I can post the T&S at some point. Blocks of 9999 contracts & 9000 contracts.....all filled @ .25

The Nasdaq is starting to fade now, and the bid ask has already gone up by a nickel to .25/.30.....what perfect timing......

****** I may have posted a bit soon....check out the volume on the April 22 QQQ puts.....250,000+ with basicaly no current open interest...either someone is spreading or extremely bearish.
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not sound like D!ck... but whats your point??? $5m is not a lot of money...
 
Quote from dgmodel:




not sound like D!ck... but whats your point??? $5m is not a lot of money...
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Good point...I think it was the initial shock of seeing that kind of contract volume in less than 30 minutes......
 
Quote from MondoTrader:

you have no way of determining if this was all one person or if it was net long or short.
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I did not mean to connotate that it was a single person. Net long or short indeed is something that sherlock holmes could not determine here.....However, You can deduct this.....whether this move is a hedge, or a straight out short play, or spread, the thinking is that there is a probability or likelihood that the Nasdaq will pull back here soon.
 
it probably was one person.. but obviously someone who doesn't know how to soothe a position in. No 5 mil is not that big. But it is interesting.
 
It would be an interesting and dreadful coincidence if there was a terrorist attack over the weekend. Could this be someone's financing plan? War in the 21st century.
 
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