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Alon Rosin's PowerShares QQQ Trade

June 13, 2017: 06:47 AM ET

Alon Rosin of Oppenheimer & Co. spoke on Bloomberg Markets about a bearish options strategy in PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ: QQQ).

He thinks that there might be more room on the downside in the name and he wants to buy the August 134/126 put spread for $1.25. The trade breaks even at $132.75 or 4.65 percent below the current stock price. It can maximally make a profit of $6.75.

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Index Last Change % Change
Dow 21,397.29 -12.74 -0.06%
Nasdaq 6,236.69 2.73 0.04%
S&P 500 2,434.50 -1.11 -0.05%
Treasuries 2.15 -0.00 -0.09%
Data as of 1:51am ET
Company Price Change % Change
Advanced Micro Devic... 14.38 0.40 2.86%
Bank of America Corp... 22.93 -0.20 -0.86%
Oracle Corp 50.30 3.97 8.57%
General Electric Co 27.55 -0.23 -0.83%
Chesapeake Energy Co... 4.50 -0.02 -0.44%
Data as of Jun 22

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