QQQ short ripening

Actionable Trade-Alert

from Rick in the Trading Room

(Please check all related discussion in the room before you do any trades.)

I will provide more-detailed guidance when QQQ gets closer to D=466.51. This looks like easy money to me, even for newbies who have never, ever made a profitable option trade.

 

RA

 

 


10:00

 

10:12

  Rick

QQQ should be shorted at D=466.51. The pattern underlying that target is my kind of gnarly: https://bit.ly/3WMHUpl NVDA’s weighting is more than 5% of QQQ, and its big rallies have been known to cause a more than 2% gain in the index.

 

 

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