TQQQ

Unusual Put Option Trade in ProShares Trust - ProShares UltraPro QQQ 3x Shares (TQQQ) Worth $678.00K

On May 25, 2023 at 10:15:56 ET an unusually large $678.00K block of Put contracts in ProShares Trust - ProShares UltraPro QQQ 3x Shares (TQQQ) was bought, with a strike price of $30.00 / share, expiring in 113 day(s) (on September 15, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 4.30 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in TQQQ options.

This trade was first picked up on Fintel's real time Options Flow tool, where unusual option trades are highlighted.

What is the Fund Sentiment?

There are 200 funds or institutions reporting positions in ProShares Trust - ProShares UltraPro QQQ 3x Shares. This is an increase of 3 owner(s) or 1.52% in the last quarter. Average portfolio weight of all funds dedicated to TQQQ is 0.47%, an increase of 5.33%. Total shares owned by institutions decreased in the last three months by 6.90% to 19,018K shares. TQQQ / ProShares Trust - ProShares UltraPro QQQ 3x Shares Put/Call Ratios The put/call ratio of TQQQ is 0.60, indicating a bullish outlook.

What are Other Shareholders Doing?

TQQQ / ProShares Trust - ProShares UltraPro QQQ 3x Shares Shares Held by Institutions

Citadel Advisors holds 3,101K shares. In it's prior filing, the firm reported owning 2,248K shares, representing an increase of 27.50%. The firm increased its portfolio allocation in TQQQ by 84.07% over the last quarter.

Paragon Advisors holds 2,434K shares. In it's prior filing, the firm reported owning 2,040K shares, representing an increase of 16.18%. The firm increased its portfolio allocation in TQQQ by 48.49% over the last quarter.

Hrt Financial holds 1,922K shares. In it's prior filing, the firm reported owning 2,370K shares, representing a decrease of 23.34%. The firm increased its portfolio allocation in TQQQ by 14.29% over the last quarter.

TB Alternative Assets holds 1,204K shares. In it's prior filing, the firm reported owning 988K shares, representing an increase of 17.93%. The firm increased its portfolio allocation in TQQQ by 136,408.59% over the last quarter.

Cantor Fitzgerald, L. P. holds 1,045K shares. In it's prior filing, the firm reported owning 969K shares, representing an increase of 7.26%. The firm increased its portfolio allocation in TQQQ by 32.70% over the last quarter.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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