Nasdaq Bulls Get a Boost, But What's Behind the Big Trade? The recent surge in the Nasdaq 100 has left some market observers wondering if we're on the cusp of another bull run.
Thursday's trading numbers suggest that at least one trader is betting big on this outcome, with a whopping $24 million spent on a call spread that hinges on the index reaching an all time high by month's end.
The trade itself was executed just after the opening bell on Thursday, with a $30 million purchase of 28,000 736 strike calls expiring July 31.