00:00It's Benzinga bringing Wall Street to Main Street.
00:02A trader placed a $24 million bullish options bet on the Invesco QQQTrust ETF
00:08that requires the Nasdaq 100 to reach a new all-time high by the end of July, according to CNBC.
00:14The trade ranked as the third largest options transaction on Thursday
00:18and centered on July 31st call options, with a breakeven of about $750,
00:24just below $2 above the ETF's early June high.
00:28Prosper Trading Academy CEO
00:30Scott Bauer said the position requires the Nasdaq 100 to move sharply higher,
00:36warning that a slow advance would likely leave the trade unprofitable.
00:40The transaction came as the Nasdaq 100 has traded mostly flat since mid-May,
00:45and the S&P 500 has remained in a narrow range.
00:48For all things money, visit Benzinga.com.
