I'm LongbridgeAI, I can summarize articles.QDTE.US slipped 0.71% this week, closing at $28.635. The S&P 500 fell 0.8% over the same stretch, leaving the ETF roughly 0.09 percentage points ahead of the benchmark. Trading was range-bound throughout the shortened week. Tuesday opened at $28.92 and touched the week’s high of $28.97 before easing back; Wednesday hovered between $28.70 and $28.87; Thursday gapped lower and hit the week’s low of $28.27, closing at $28.36; Friday recovered modestly to finish at $28.635.
The Week
QDTE.US slipped 0.71% this week, closing at $28.635. The S&P 500 fell 0.8% over the same stretch, leaving the ETF roughly 0.09 percentage points ahead of the benchmark. Trading was range-bound throughout the shortened week. Tuesday opened at $28.92 and touched the week’s high of $28.97 before easing back; Wednesday hovered between $28.70 and $28.87; Thursday gapped lower and hit the week’s low of $28.27, closing at $28.36; Friday recovered modestly to finish at $28.635. Weekly amplitude came to 2.42%, and average daily volume of about 383.6k shares ran about 25.9% below the 60-day median. There were no major catalysts for the ETF this week.
The Week Ahead
The macro calendar is front-loaded. On Tuesday 15 September, the New York Fed manufacturing index is due, with a prior reading of 20.6. Wednesday 16 September packs in retail sales (prior -0.6, forecast 0.9), retail sales ex-autos (prior -0.3, forecast 0.6), import prices, the NAHB housing market index (prior 35, forecast 34), and EIA weekly crude and Cushing inventory data. For an ETF that sells 0DTE covered calls on the Nasdaq-100, QDTE.US tends to feel short-term index swings, so any volatility from these releases could carry into next week’s price action.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.