On May 25, 2023 at 10:15:56 ET an unusually large $678,000 block of Put contracts in ProShares Trust – ProShares UltraPro QQQ 3x Shares (TQQQ) was purchased, with a strike price of 30.00 $/share, expiring in 113 day(s) (September 15, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 4.30 sigma above the average, placing it in the 100.00th percentile of all recent large options trades made on TQQQ options. .

This trade was first detected on Fintel’s real-time options feed tool, where unusual options trades are highlighted.

What is fund sentiment?

There are 200 funds or institutions reporting positions in ProShares Trust – ProShares UltraPro QQQ 3x Shares. This is an increase of 3 owner(s) or 1.52% over the last quarter. Average portfolio weight of all funds dedicated to TQQQ is 0.47%, an increase of 5.33%. The total number of shares held by institutions has decreased by 6.90% over the past three months to 19,018,000 shares. TQQQ’s put/call ratio is 0.60, indicating a bullish outlook.

What are the other shareholders doing?

Unusual trade of put options in ProShares Trust – ProShares UltraPro QQQ 3x Shares (TQQQ) worth $678,000

Citadel Advisors owns 3,101,000 shares. In its previous filing, the company said it held 2,248,000 shares, representing a raise of 27.50%. The company increase its portfolio allocation in TQQQ of 84.07% over the last quarter.

Paragon Advisors owns 2,434,000 shares. In its previous filing, the company said it held 2,040,000 shares, representing a raise of 16.18%. The company increase its portfolio allocation in TQQQ by 48.49% in the last quarter.

Hrt Financial holds 1,922,000 shares. In its previous filing, the company said it held 2,370,000 shares, representing a decrease of 23.34%. The company increase its portfolio allocation in TQQQ by 14.29% over the last quarter.

TB Alternative Assets holds 1,204,000 shares. In its previous filing, the company said it held 988,000 shares, representing a raise of 17.93%. The company increase its portfolio allocation in TQQQ of 136,408.59% in the last quarter.

Cantor Fitzgerald, LP owns 1,045,000 shares. In its previous filing, the company said it held 969,000 shares, representing a raise of 7.26%. The company increase its portfolio allocation in TQQQ by 32.70% in the last quarter.

This story originally appeared on Fintel.

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