QQQQ Nasdaq 100 Trust (32.86)

We’re looking to get short on a pop to 35.40, a promising Hidden Pivot resistance. If that number is achieved, buy four December 33 puts (QAVXG). You can pay the offer just this once, since option spreads in this vehicle tend to be pretty tight. As of today, the puts would be a good deal for around 1.50, so you can leave a limit order at that price with your broker. I’ll adjust if it looks like put volatility is changing on the way up, so keep your bulletin launcher switched on if you’d like to stay apprised in real time.