Daily Block Trades of Note 06/08: QQQQ, LVLT, CDNS

NASDAQ 100 Trust Shares (NASDAQ: QQQQ): Block trades of 4 million shares, 4 million shares and 3 million shares at various times, among other large trades today. Today's volume is already at 259 million shares versus the three month average full-day volume of 107.7 million. Shares are trading at $38.53 (+0.18%) in afternoon action.

Level 3 Communications Inc. (NASDAQ: LVLT): Block trades of 2 million shares, 2 million shares, 1.5 million shares and 1.35 million shares at various times, among other large trades today. Today's volume is alread at 148 million shares versus the three month average full-day volume of 28.6 million. Shares are trading at $4.48 (-1.54%) in afternoon action.

Cadence Design Systems Inc. (NASDAQ: CDNS): A 1.245 million share block traded at 12:11PM ET at $16.93. Today's volume is already at 7.4 million shares versus the three month average full-day volume of 1.95 million. Shares are trading at $16.89 (-2.93%) in afternoon action.