QID trading at 43.85 S in premarket, however, on daily/weekly, it is showing bearish divergences. Conversely QQQQ is showing bullish divergences.
Momentum chaser short squeeze
Record trading
Equity options volume was at a record 22.9 million contracts Tuesday, more than 2 million more contracts than went out on Nov. 8, when the previous daily record was set, according to the Options Clearing Council.
But it wasn't just the sheer volume. The ratio of puts, or bets against a stock, to calls, or bets favoring a stock, was 1.28-to-1 on Tuesday. In fact, put volume has been higher during every trading day since June 25.
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