Get started

TQQQ

SPY on weekly stays the course LONGSPY on the weekly chart is up 25% in the past six months. This is beyond its historical norms even during a presidential election year. While there has been some volatility in both directions the climb is consistent and persistent. The indicators serve to document this. The predictive algo predicts more of the same. A price cut when the fed gets around to it will serve to sustain the trend. Lack of it through the summer may cause a fade of momentum. Make hay while the sun shines.
AMEX:SPYLong
by AwesomeAvani
3
QQQ Intraday $100 to $2500 with options RECAPQQQ is shown here on the 15 minute time frame. Overlaid are a HMA 7 and SMA 5 to provide moving average crosses. QQQ made a "M" pattern. Options charts are shown in the updates. First Trade SQQQ is opened at 9:48 for $ 6.00 per call contract times 16 contracts. It is closed at 10:05 less than 20 minutes later at $20.00 per contract. $96 dollars the only risk in the trade is waiting to settle as is the $ 224.00 in profit. ( This is a same day expiration intraday trade) Second Trade QQQ as QQQ has topped and is pivoting down. The second trade of the day is not a same day expiration as it is now Friday afternoon, a put option in the direction of the trend is taken for Tuesday the 20th, there being no puts for the Monday holiday. The floating profit is $ 224 and the strike is set for below the money in the current direction of the trend. A strike of $ 429 selected. The options chart is shown in the updates. The premium was 0.37 so $37 per contract so six contracts were taken for a total of which is $222 or slightly less than the profit on the first trade. The trade is taken at 14:47 market time and closed about 90 minutes later at 15:52 before the close. The contracts sold at close for $ 1.41 each yielding $ 141 per contract or $ 2256 overall. Between the two trades $100 was risked and $ 233 + 2256 or 2489 overall. The Reward to Risk ratio was about 25. The profit and the initial $100 into the trades awaits settlement after the holiday. This trade was made to teach a mentee about the power of options leveraged with narrow expirations to optimize profits and not spend a lot of time in the trade to minimize risk in the market from any number of potentials. Alerts and notifications centered on moving averages and rise or fall of intraday low time frame relative strength are used to lessen screen time. Twenty baggers may not be everyday but then again with practice and patience they can come along often enough.
NASDAQ:QQQ
by AwesomeAvani
QQQ rangbound bearish bias SHORTQQQ on the daily chart hit a hpivot high on 3/21 followed by a slight downtrend of 1-1.5 % overall this past week. Buying volumes are low. The Price Momentum Oscillator has reversed to bearish and the Raltive Trend Index has entered the chop zone and is heading bearish. Price is presently one standard deviation above the intermediate-term anchored VWAP. Reversion to the mean suggests another 1% move downside before VWAP support exerts itself. Price is compressing in a symmetrical triangle. Accordingly, I am expecting a move down before a potential reversal in a VWAP bounce from that support.
NASDAQ:QQQShort
by AwesomeAvani
SQQQ leveraged inverse QQQ LongSQQQ on the 15 minute chart has trended down into a reversal at the end of the last trading session. A snapshot of the 3 minute chart inlaid shows a reversal about 14:45 EDT 75 minutes before market close. I took a long trade of shares and call options striking $10.00 for June 14th at that point. I am expecting a 5% quick return on the shares and far more on the options. The relative volatility indictor is helpful to further pinpoint the reversal for best entry. (red to green) The set of Hull Moving Averages ( 14 and 35) also serves to signal "death" and "golden" crosses which serve to further aid trade entry accuracy. The relative volume indicator ( of veryfid) also helps in that regard. It has extreme volume spikes in black. OF particular interest, the last 15 minutes of the trading week has a volume spike of buying in SQQQ. This comforts me to know that other traders saw what I saw. I am fortunate that I saw it about 45 minutes before them and got a better price. This demonstrates the value of indicators and knowing how to apply and interpret them. Trading is not as complicated as the pundits and the fee for services and trading room coaches will have you to believe to make you financially dependent on their "guidance and assistance".
NASDAQ:SQQQLong
by AwesomeAvani
1
Opening (IRA): TQQQ August 16th 71 Covered Call... for a 68.76 debit. Comments: Buying stock and selling a -75 delta call against to emulate the delta metrics of a 25 delta short put with the built-in defense of the short call. As usual, this only makes sense in a cash secured environment where you don't get much BP relief going with the short put over the covered call; on margin -- stick with the short put. Metrics: Buying Power Effect/Break Even: 68.76/share Max Profit: 2.24/contract ROC at Max: 3.26% 50% Max: 1.12/contract ROC at 50% Max: 1.63% Will generally look to take profit at 50%, roll out the short call on side or break even test. (It's entirely possible that I will regret this trade later).
NASDAQ:TQQQLong
by NaughtyPines
1
Nasdaq is gonna crash in the next two weeks! SAME PATTERN!CAUTION: AWESOME OPTIONS PLAYS AT THE END OF THE POST! NFA ;-) Look at this weekly chart and don't tell me that this is a repeating fractal!? The same color trend lines are almost the same length to a T. The upper trend line channels are gonna be the same distance, which extrapolates this going south for a very long time. (check out my AMEX:SILJ thread to show the repeating fractal line up) Now of course these lines aren't gonna be what happens, you can see there was some out of the ordinary channel reactions on the downtrend last time. I personally think that Biden is gonna mess up the debate, then pardon his son and leave the presidency while Kamala will tap Hillary Clinton as VP (via Ford Agnew redux) and then pardon Biden for any crimes done in office or out of office. The markets will melt down, the FED will cut rates, maybe by 250 basis points since they keep going larger with their reactions to contain the ponzi scheme. I'd buy puts right now, 400 December Puts for 4.10, sell them for 5x for a nice Christmas/New Year's present. OR you can go the supersize route and buy puts on TQQQ for 42$ for the $25 strike price (it'll go lower imo) for a 25x return, if the price goes down to $15, that's around a 4200% return!! NFA ;-) Also this shows the road forward, via a Livermore Accumulation Pattern. So we go very UP for the long term.
NASDAQ:QQQShort
by EmptyEternity
4
Opening (IRA): TQQQ July 19th 58 Monied Covered Call... for a 55.95 debit. Comments: Going monied here, selling the -75 call against stock to emulate a 25 delta short put metrics while having built-in intraexpiry defense via the short call. More patient people will probably wait for weakness ... . I'll generally look to roll out the short call on test or at 50% max/take profit on the entire setup as a unit at 50% of max. Metrics: Buying Power Effect/Break Even: 55.95 Max Profit: 2.05 ($205) ROC at Max: 3.66% ROC at 50% Max: 1.83%
NASDAQ:TQQQLong
by NaughtyPines
Opening (IRA): TQQQ June 28th 53 Monied Covered Call... for a 51.52 debit. Comments: Re-upping in the June 28th expiry with a monied covered call, as there is no July yet. Selling the -75 delta call against a one lot to emulate the delta metrics of a 25 delta short put to have built-in defense via the short call and to take advantage of call side IV skew. Metrics: Buying Power Effect/Break Even: 51.52 Max Profit: 1.48 ROC at Max: 2.87% ROC at 50% Max: 1.44% Will generally look to take profit on the entire setup at 50% max.
NASDAQ:TQQQLong
by NaughtyPines
Opening (IRA): TQQQ June 21st 52 Short Put... for a 2.49 credit. Comments: Adding to my TQQQ position on weakness ... . This is a bit longer-dated than I like to go with shorter duration premium selling, which I like to keep in that 45 DTE wheelhouse, but May has now only 35 days in it, and I like to stick to monthlies in all but the most options liquid underlyings. Will generally look to take profit at 50% max. I'm fine with being assigned, then proceeding to sell call against if that occurs. Metrics: BPE/Break Even: 49.51 Max Profit: 2.49 ($249) ROC at Max Profit: 5.03% ROC at 50% Max: 2.51% Delta/Theta: 24.36/3.37
NASDAQ:TQQQLong
by NaughtyPines
Opened (IRA): TQQQ May 17th 55 Monied Covered CallBought a one lot of shares and sold an in-the-money -75 delta call to emulate a 25 delta short put to take advantage of call IV skew and to have built-in pro via the short call. Metrics: Break Even/Cost Basis in Shares: 52.71 Max Profit: 2.29 ($229) ROC %-age at Max: 4.34% ROC %-age at 50% Max: 2.17% Will generally look to take profit at 50% max, add at intervals at a strike/cost basis better than what I currently have on should weakness present itself.
NASDAQ:TQQQLong
by NaughtyPines
TQQQ Tech 3X levarged ETF LONGOn this 15 minute chart, TQQQ is in an anchored VWAP band and volume profile breakout. Near to the end of the regular market, the RSI indicator ran from deep oversold. After hours, NVDA reported a sizable earnings beat. The AI machine learning and backtesting indicator forecasts and uptrend continuation. I will get call options targeting $58 for Friday's expiration. This is a risky play, price trend could reverse and there could be no time left to recover from that reversal. The rewards for the trade going right could easily exceed 100%.
NASDAQ:TQQQLong
by AwesomeAvani
TQQQ - Cup awaiting Handle ?TQQQ on a weekly chart in 2021 ascended into a falling wedge. As part of the falling wedge, it started the downside initial part of a cup and handle pattern. The reversal occurred 11 months ago with the upside completion of the cup back to 57.5 In the typical cup and handle, the handle then forms in a 50% retracement of the height of the cup. the cup height measures 44.5 over a period of about 9 months. Notably relative volumes peaked at the bottom of the pattern. Once the retracement is complete, bullish continuation should occur to the extent of the height of the cup above the lip. That is to say an uptrend from 57.5 adding 44.5 to get to 102 more or less. But first the retracement and reversal must occur. Accordingly, if this is an incomplete cup and handle, it forecasts a retracement of 44.5 divided by 2 or to about 38 as shown by the Fib retracement tool. After that price must reverse then overcome the resistance of the lip of the cup ( 57.5) and continue to 102. Overall, this forecasts that a bearish crash is in store for TQQQ ( as well as QQQ from which it is leveraged). Time will tell if this pattern has given an accurate forecast. In the meanwhile, I will watch for signs of QQQ topping out on the weekly time frame after the same signs on lower time frames. The alternative view is that TQQQ is building an even bigger cup right now with the lip at about 88 when the price had a high pivot down on November 22, 2021. So, do you see a bigger or smaller cup pattern or none at all?
NASDAQ:TQQQ
by AwesomeAvani
Opening (IRA): TQQQ April 19th 53 Monied Covered Call... for a 50.93 debit. Comments: Selling the -75 delta strike against a one lot to emulate a 25 delta short put with built-in defense via the short call. The call IV skew that I was looking to take advantage of before has evaporated somewhat, with the same strike short put paying about the same (1.94) as the max profit potential of this setup. Since I'm doing this in a cash secured environment, I don't get much BP relief over doing the monied versus the short put, so am really doing this setup for its "built-in defense" that I don't have to add in later, as I would should I want to defend a short put. Will generally look to take profit on the entire setup at 50% max, look to roll out the short call at 50% max, and add at intervals, assuming I can get in at lower risk strikes. Metrics: Cost Basis/BPE/Break Even: 50.93 Max Profit: 2.07 ROC at Max: 4.06% ROC at 50% Max: 2.03%
NASDAQ:TQQQLong
by NaughtyPines
TQQQ Technical Analysis - Breakout and Key LevelsTechnical Breakout: On November 13, 2023, NASDAQ:TQQQ experienced a significant structural shift with the breach of the $40 resistance level. The subsequent bull run in the tech sector propelled NASDAQ:TQQQ to a peak of $61.22 on February 12, 2024. Fibonacci Retracement: After reaching the peak of $61.22 on February 12, 2024, NASDAQ:TQQQ made an attempt to pull back, targeting the 0.618 Fibonacci level at $53.18. However, the retracement was not sustained, and NASDAQ:TQQQ returned to the previous high of $61.22 on February 23rd. Current Situation: As we await the market open on Monday, NASDAQ:TQQQ stands at a crucial juncture following the recent retest of $61.22. RSI Divergence: Since January 24th, we've observed RSI divergence, indicating a discrepancy between the price action and the strength of the trend. This could be a crucial signal, suggesting a potential shift in momentum that traders should closely monitor. Upcoming Events : This week brings important economic indicators: Monday: Japan Inflation Rate Tuesday: GfK Consumer Confidence and USA Durable Goods Orders Wednesday: USA GDP Thursday: USA PCE and Personal Spending Friday: ISM Manufacturing Market Expectations: Anticipations are focused on the USA GDP, expected to perform worse than forecasted . This could influence market sentiment and potentially impact NASDAQ:TQQQ 's performance. Forecast: Given the current technical setup, RSI divergence and the upcoming economic events, there is a likelihood that NASDAQ:TQQQ could move towards the 0.5 Fibonacci level of $50.69 by Friday, March 1st. Traders should closely monitor developments and be prepared for potential volatility. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own research and consider risk factors before making any investment decisions.
NASDAQ:TQQQShort
by mackmackeyy
1
Opening (IRA): TQQQ April 19th 50 Monied Covered Call... for a 47.75 debit. Comments: Dabbling a smidge in the leveraged ETF due to its high IV (56.3% 30-day). Selling the -75 delta call against a one lot to emulate a 25 delta short put, but with "built-in" defense via the short call, which can be rolled down, out, or down and out to reduce cost basis and setup break even. As usual with the sort of thing, will look to add at intervals, assuming I can get into setups that have a cost basis lower than this starter position. Metrics: BPE/Break Even: 47.75/share Max Profit: 2.25 ($2.25) ROC %-age at Max/50% Max: 4.71%/2.36%
NASDAQ:TQQQLong
by NaughtyPines
SPY falls into mean VWAP support for LONGSPY on the 1H chart was riding the cynamic resistance of the second upper VWAP line in mid July but then pivoted down out of a head and shoulders at the bottom of the month and is now bounding up and down retesting the support of the mean VWAP line. The ADX indicator shows the flat line directional index. The ZL MACD is upgoing after a cross of the lines at the lows. Price is impending another VWAP crossover on the retest. I see this as an excellent base from which to take call options long targeting $453 for both 8/18 and 9/1. Please leave a comment, will SPY turn it around here or seek the downside?
AMEX:SPYLong
by AwesomeAvani
1
AAPL to verse to upside trending ? LONGAAPL on the 60 minute chart is compared on the superimposed indicator on its own scale the RSI for a similar time frame. The chart shows that AAPL has sunk to its price level in the pre-earnings period two weeks ago. At present, price and RSI are running in parallel and RSI is a litle higher than price while on its own scale. Price is currently near to the running SMA 200. When I see either price or relative strenth move higher. I will be a buyer. I am looking for some green on the relative volume indicator to tip me off. I will be watching on a lower time frame of 15-30 minutes to get a clean entry pay off the spread and get into profits ASAP.
NASDAQ:AAPLLong
by AwesomeAvani