FILE PHOTO: A man walks near Nasdaq MarketSite in an empty Times Square as the coronavirus disease outbreak continues in New York City, U.S., March 29, 2020. REUTERS/Eduardo MunozDespite last week's market dip, the tech-heavy Nasdaq remains around 3per cent away from its record high. Traders - many of them retail investors - have plowed back into call options, used to position for gains in shares.
GRAPHIC: Nasdaq index closes in on record - https://fingfx.thomsonreuters.com/gfx/mkt/xlbpgwbmmpq/Pastedper cent20imageper cent201603113596475.png Inflows to the Invesco QQQ Trust Series 1 , a popular exchange-traded fund that tracks the Nasdaq 100 index, are also robust. The QQQ has reached US$144.65 billion in assets under management, a record high, according to data from Lipper.
Moreover, volume has rebounded in equity call options, particularly for single-stock contracts. The ratio of call options relative to put options, a measure of how bullish traders are, has climbed since late September and is close to the peak reached just before the sell-off that month.Previously, activity in single-stock options had surged as a large investor, later reported to be SoftBank Group Corp , made significant option purchases in August.
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