PowerShares QQQ Trust (QQQ) option implied volatility after Fed Chair Powell comments and Policy release

PowerShares QQQ Trust (NASDAQ: QQQ) May weekly call option implied volatility is at 18, May is at 16; compared to its 52-week range of 13 to 36 after the FOMC kept its Fed Funds target rate steady today. Interest rate analysts reported, the market seemed to interpret comments by Fed Chairman Powell as an indication of a lower likelihood of a rate cut. US Equities sold off on the comments as all four major indexes closed lower and implied volatility in options increased.

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