US Representative Rob Bresnahan Took $1.75M in Leveraged ETF Calls
Bresnahan purchased large call option positions in SPY, IWM, and QQQ on September 15, set to expire on September 19.
Summary
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Terms & Concepts
- Call Option: A financial contract giving the buyer the right, but not the obligation, to purchase an asset at a specified price within a set time.
- Leveraged Trading: An investment strategy using borrowed capital or financial derivatives to increase potential returns, often involving higher risk.
- ETF (Exchange-Traded Fund): A marketable security that tracks an index, commodity, or basket of assets and trades like a stock on an exchange.