Jim Strugger's Bullish PowerShares QQQ Trust Trade

Jim Strugger, MKM Holdings derivatives strategist, spoke on Bloomberg Markets about a bullish options trade in PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ: QQQ).

He said that stocks usually trade higher in December and he wants to buy the January 160 calls in PowerShares QQQ Trust to make a bullish bet. The trade would cost him $1.17 and it breaks even at $161.17 or 3.19 percent above the current market price.