7.50Open12.27Pre Close794 Volume0 Open Interest528.00Strike Price453.77KTurnover0.00%IV0.10%PremiumDec 4, 2024Expiry Date4.74Intrinsic Value100Multiplier0DDays to Expiry0.52Extrinsic Value100Contract SizeAmericanOptions Type--Delta--Gamma97.26Leverage Ratio--Theta--Rho--Eff Leverage--Vega
Invesco QQQ Trust Stock Discussion
Wed’s movement came after ADP employment data showed that private payrolls grew less than expected in Nov.
However, the “bigger” report lies at Friday’s Us Employment Report. Analysts are estimating 214,000 jobs in November.
The data could give investors some into Powell’s next policy move.
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Powell Says Economic Strength Gives Fed Ability to Take Time on Rate Cuts
This provides further evidence that the labour market is softening.
Looks like an another rate cut is on the card.
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Since the 5 Nov’s voting day, the S&P 500 has climbed 4.6% and the Nasdaq has surged about 5.7%.
Investors are going on full risk-on mode with lots of factors supporting their bullish sentiment - inflation trending down, cutting of interest rates and solid earnings from companies.
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