Daily Report : Modest internal Nasdaq selling triggers leveraged bets; Stocks wobble, but options traders aren't losing faith
The Nasdaq Composite has seen over a week of declines, but none of the days have seen intense, overwhelming selling pressure. This is one of the "best" declines in terms of breadth. The lack of internal selling has emboldened ETF traders, who have moved into 3x leveraged funds like TQQQ.; Even though stocks took a hit last week, options trades continued to skew toward speculative call options. This activity dropped significantly from the prior week, but it remains above all prior record speculative peaks. Stocks have not done well after the others.
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