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anyer1

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anyer1

Re: madrose1 post# 58727

Tuesday, 08/30/2005 10:46:21 AM

Tuesday, August 30, 2005 10:46:21 AM

Post# of 148479
Schaeffer's on QQQQ

Turning to a popular technology-centric ETF, the 38 strike has huge bearish implications for the Nasdaq-100 Trust (QQQQ: sentiment, chart, options) if penetrated. The September 38 put strike is currently home to nearly 500,000 open positions, dwarfing all other strikes in this series. And as of today's close, the QQQQ is less than two percent away from violating this threshold.


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