A massive options trade executed on the Invesco QQQ Trust ETF on Thursday underscores growing conviction among large-scale investors that the Nasdaq 100 is poised for fresh highs.
The transaction, valued at $24 million, involved a complex three-part call spread structure designed to profit from a significant upward move in the tech-heavy index.
The Nasdaq 100 climbed more than 2% earlier in the week, driven by aggressive buying in technology shares.
This single trade was the largest of the day for the ETF, signaling that institutional money is positioning for continued momentum rather than pulling back from recent gains.
The trade comes as US equity markets have extended a broad-based rally that has lifted major indices toward record territory.
The Nasdaq 100 climbed more than 2% earlier in the week, driven by aggressive buying in technology shares.
Investors have appeared to view intraday dips as entry points, fueling a sustained advance across the tech-heavy benchmark.