QQQ: Bullish Sweeper Buys A Lot Of Calls

Somebody was buying 1 March $180 calls on QQQ for the whole trading session on Friday. The total number of calls purchased was over 62K, which means that the sweeper invested $0.5m betting that QQQ will rise at least 8%-10% during the next several weeks.

This trade was a new trade since Volume was way higher than the Open Interest.

If this trader is correct and QQQ lands above $180 by 1 March, 2019, he will turn his $0.5m bet potentially into $15-25m.

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