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Bullish bets on QQQ, SPY ETF options bank on new market highs

Reuters - 11 hours ago The two big bets were placed within minutes of each other Tuesday morning on the options of the SPDR S&P 500 ETF, which tracks the benchmark S&P 500 Index, and the PowerShares QQQ Trust, which follows the Nasdaq 100 . For the QQQs, the trade was more than twice the contract's existing open interest of about 71,000 contracts, while for the SPY, it accounted for more than 70 …

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