PowerShares QQQ Trust (QQQ) September 470 straddle trades 8400 contracts

PowerShares QQQ Trust (NASDAQ: QQQ) 30-day option implied volatility is at 19; compared to its 52-week range of 14 to 37. Call put ratio 1 call to 1 put with focus on 8400 contracts of September 470 calls and puts.

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