QQQQ Nasdaq 100 Trust (31.46)

We hold four December 36 calls (QQQLJ) for 0.75, but the November 36 calls we were trying to short against them barely budged in the face of Friday’s moderately strong short-squeeze. It’ll take another just as strong to get us filled, so let’s leave the order in just in case, offering four November 36 calls (QQQKJ) short for 0.20, day order. If you’re working this one keep your bulletin launcher switched on, since I might have to adjust the price intraday. Immediate upside potential is to 32.98, a midpoint Hidden Pivot. _______ UPDATE: We closed out the position on the opening, since the option markets were not “buying” the feeble, phony short-squeeze that began the day. With the Dow up nearly 200 points, out-of-the-money calls barely budged. Our loss was 0.31 per contract, or $124 plus commissions.