invesco qqq trust series 1 qqq which tracks the nasdaq 100 has lost more than 6 since monday on cnbcs options action mike khouw of optimize advisors said that amid several bearish bets there were some significantly bullish ones for the nasdaq 100 etf check out tech stocks making big moves in the premarket there was a buyer of 8000 of the september 290334 call spreads at 1870 per contract on average khouw mentioned the buyer has paid a 15 million premium to make a bullish bet he added the trader expects qqq to rise as much as 17 by september expiration khouw said