A huge trade just happened on the Nasdaq 100. Bulls are taking notice
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Source: CNBC
Published: 2026-07-10 05:24 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Technology & AI, Financial Markets, Trade & Sanctions, Business & Economy, Technology
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Snippet:
Tech bulls may not have to wait much longer for fresh highs, if the single-biggest trade in the Invesco QQQ Trust ETF on Thursday is any indication.The trader spent $24 million on a three-part call spread that needs the Nasdaq-100 index to make an all-time high by the end of this month, a high-conviction directional bet and the third-biggest trade among all options exchanged on Thursday.Despite recent volatility, the Nasdaq 100 has been effectively flat since May 14.
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