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TQQQ

Opening (IRA): TQQQ December 29th 34.5 Covered Call... for a 33.04 debit. Comments: Selling the monied -75 delta call against a one lot to potentially take advantage of early random call away/*assignment. 33.04 break even with a 1.46 ($146) max profit; 4.42% ROC/32.9% annualized as a function of buying power effect at max. "Random" call away occurs when someone holding the 34.5 long call choses to exercise it before expiration, but I'll look to close at or near max (e.g., 34.45) to avoid the call away/assignment fee if I get the opportunity to do so. On the flip side of the coin, I'll look to roll out the short call to reduce cost basis and my break even further if it chooses to crap its pants.
NASDAQ:TQQQLong
by NaughtyPines
Opened (IRA): TQQQ December 22nd 35 Covered Call... for a 33.55 debit. Comments: Selling the -75 delta call against ... . Metrics: Buying Power Effect/Share Price Break Even: 33.55 Max Profit: 1.45 ROC %-age At Max As a Function of Buying Power Effect: 4.32% ROC %-age at 50% of Max: 2.16% Delta/Theta: 26.44/2.98 Here's why I'm doing this instead of selling a put at the delta equivalent strike (the +25): if you look at the 25 delta put in the same expiry at the 35, it's paying around 1.27 at the mid (i.e., $127 max). The delta equivalent covered call setup has a slightly better max payout at 1.45 ($145) probably due to a couple of things: (a) IV skew (it's slightly higher on the call side than on the put); and (c) call skew. Relatedly, the short put break even is 33.73 relative the 33.55 break even of the covered call setup. I also wanted to see what the frequency of monied covered call random call away of shares was; most literature suggests early, random assignment is somewhat rare (around 7%) but there isn't much information out there in addition to that, such as when the highest likelihood of early exercise is (it's most likely when the extrinsic value in the call is de minimus) or how deeply monied the call is (which is related to how much extrinsic is left in the long call that the other person would be exercising; deeper in-the-money options have less extrinsic in them relative to less monied options of the same duration). This could naturally give the setup a slight edge over a short put, since an early exercise by a counter-party would result in max profit without having to wait until all the extrinsic has leaked out of the monied short call.
NASDAQ:TQQQLong
by NaughtyPines
Creating MillionairesWell, some would call me crazy. But that's my long term view: TQQQ made 200x since inception in February 2010 until his top in November 2021. Now, in my opinion, we are in the middle of a Bear Market. My expectation is that this Bear Market will last till December 22 until June 23. After that the next Bull market should start. My expectation for the Nasdaq 100 is to trade around 47.500 Points after this 10 Year Bull Market, which would take the TQQQ to around 1000. This would equal a 100x from the Bear Market lows, which I expect around 10. Of course no one can predict the future but I would also be happy with just 50x in 10 Years :D And I really think that this is a possible scenario. So here is my plan: in December 2022 i will start investing all of my money into TQQQ. For the next 5 years i will put everything into TQQQ too. AND finally in 2034 I'm hopefully a multimillionaire. See you guys in 2034 :D (not a financial advise)
NASDAQ:TQQQLong
by DominikS
127
The Day Ahead: TQQQ, GDXJ, USO, GDX, FXI Premium SellingIt's Friday ... the 13th. Here's what's shakin' in exchange-traded fund premium selling ... . Top 5 Options Liquid ETF's Ranked by 30-Day IV: TQQQ 22.9 IVR/60.4 IV GDXJ 23.6/38.9 USO 46.4/38.8 GDX 26.0/33.6 FXI 14.8/31.4 Ideally, you want to have IVR at >50 and IV at >35% in ETF premium-selling land, but you can't have everything in this market ... . Broad Market Shortest Duration <16 Delta Strike Paying 1% of the Strike Price In Credit: IWM, the January 19th 151, paying 1.58 at the mid (14 delta) QQQ, the January 19th 325, paying 3.44 at the mid (15 delta) SPY, the February 16th 385, paying 3.93 at the mid (15 delta) Me, Personally Currently, I still have quite a bit of broad market on in fourth quarter expiries, with the majority being in the December monthly and the end-of-quarter December 29th. (I have one IWM straggler on in the November monthly). I've begun to deploy out a smidge into the 2024 first quarter), but may just sit on my hands this week depending on whether I can get in at strikes better than what I currently have on. Because of that, I may dabble small with TQQQ as an engagement trade (and to see what all the fuss is about). Pictured here is a 16 delta short put at the 30 strike in the December 15th monthly paying 1.01 at the mid which I'll do as a starter position and then work it from there as I wait on my other positions. I also already have a GDXJ covered call on (See Post Below), but may add a short put to give me a little extra sumthin' sumthin' on that play.
NASDAQ:TQQQ
by NaughtyPines
NQ1! Bearish ForecastAfter the very high non farm payroll data but slowing wage growth as well as the unemployment rate which is still in stable numbers, the increase at the end of last week showed that investors considered good economic conditions. apart from fundamentals, from the technical perspectives a bullish candle was formed at the weekend, but by looking at these two aspects in addition to geopolitical conditions, oil, gold, Yield, Dxy and also after looking at the volume profile indicator I speculate that there will be a reversal and will break the channel
CME_MINI:NQ1!Short
by Yforex123
QQQ Short under $372I took a short at $372 using credit-calls. The thesis is that NASDAQ:QQQ has made lower highs creating high-resistance liquidity and has shown a propensity to cheese-knife down below prior swing-lows. This is a bearish run. There is a swing-low at $348 that is a possible bounce area; but I think that NASDAQ:QQQ intends to challenge the $372 zone anyway. This zone is an old swing low that was taken out which makes it a high resistance area. Fading a rally to this price makes sense. The thesis is valid if the price action toward $372 is indirect and drawn out. The thesis is less valid if price moves strongly toward $372. The prior swing-high at $380 is much higher resistance and presents a great short opportunity that could open up if $372 becomes challenged. For now selling premium on the short side at $372 makes sense. If we reach $348 a buying opportunity may form. Lastly - 27th SEP took out the 18th AUG Swing-low thus I think the market structure is still bearish which makes any swing-higher to be fadeable unless it starts to take out prior swing-highs.
NASDAQ:QQQShort
by DarthTrader1357
The Day Ahead: GDXJ, FXI, EWZ, GDX Premium SellingIt's Friday, and the last trading day of September ... . Here's what's at the top of my IV screener in the exchange-traded fund space: TQQQ, IVR/IV 23.3/64.2% GDXJ, 22.7/36.4% (2.52% yield) FXI, 12.5/33.4% (2.26% yield) EWZ, 11.1/31.9% (10.9% yield) GDX, 26.0/31.5% (2.23% yield) You'll notice that everything is still pretty much in the lower one-quarter of the IV range over the past 52 weeks, but there are a few instruments have popped above 30% 30-day. If you're big on divvies, EWZ stands out, but one potential drawback for some may be that it only distributes biannually in June and December. In the broad market exchange-traded fund space: QQQ, IVR/IV 22.2/22.3% with the shortest duration <16 delta strike that pays 1% of the strike price in the December 15th (the 321, paying 3.30 at the mid) IWM, 21.6/20.8%, with the shortest duration <16 delta strike that pays 1% of the strike price in the December 15th (the 162, paying 1.72) SPY, 22.1/17.1%, with the shortest duration <16 delta strike that pays 1% of the strike price in the January 19th contract (the 385, paying 3.91). You can naturally opt for shorter duration and be more aggressive with your delta, with the trade-off being that you may end up being assigned shares more frequently or have to manage in-the-money's via roll, which is not the funnest way to manage a tested short put, depending how deep in-the-money it is. (I'm talking mostly about what I do strategically in my retirement account, which is short put/acquire/cover or "wheel"). Me Personally ... . I pretty much mechanically put on the shortest duration <16 delta strikes paying around 1% in broad market (IWM, QQQ, SPY) on a weekly basis, so am going to do that today, assuming I don't already have rungs camped out where I'd want to pitch my tent with a secondary consideration being whether the contract represents a better strike than what I've currently got on. And, in spite of the short term pain I'm experiencing in my attempt to acquire TLT shares at these levels, I'll probably also add in a rung (or two), since I have a maximal buying power that I want to devote to that position, and I'm not there yet. The probable result at the moment is that I will be assigned various lots at various strikes and will have to cover (i.e., sell call against) at various durations, some of which may be quite long-dated with my current highest strike at the 94 (in the November 17th) and the lowest at the 84 (in the December 15th). Naturally, were I to have followed my initial plan as to when I wanted to start picking up shares, (See Post Below), I would be "less red" ... .
NASDAQ:TLTLong
by NaughtyPines
The Day Ahead: IWM, QQQ, TQQQ, GDXJ, FXI, EWZIt's Friday and a Triple Witching to boot! Well, IV isn't great here pretty much across the board for us premium sellers. Nevertheless, if you must play (and some of us gotta), here's what's shakin' ... . Broad Market QQQ, .8 IVR, 17.8% 30-day IV, with the shortest duration in which the <16 delta is paying greater than 1% of the strike price: December 29th. IWM, .7 IVR, 16.8% 30-day, with the shortest duration in which the <16 delta is paying greater than 1% of the strike price: December 29th. SPY, .9 IVR, 12.9% 30-day, with the shortest duration in which the <16 delta is paying greater than 1%: (Ugh), March (there is no February monthly yet). Exchange-Traded Funds Ideally, you want to hit these when IVR >50 and IV is >35%, but IVR is at rock bottom, with most skimming the very low end of their 52-week ranges. Sometimes, you just have to settle for what the market gives you. TQQQ, 8.5 IVR; 52.6% 30-day. GDXJ, .6 IVR; 31.6% 30-day. FXI, 7.9 IVR; 29.4% 30-day. EWZ, 2.8 IVR; 26.7% 30-day. Fortunately, all of these are <$45/share, so you will be small in terms of buying power effect with the natural exception of the leveraged TQQQ, which your broker may require be cash secured on margin (which naturally makes it less sexy in that environment from an ROC %-age perspective). Stay small and don't get all of your powder wet.
AMEX:IWMLong
by NaughtyPines
$NDX - Rising Trend Channel [MID-TERM]🔹Breakdown support of Rising Trend Channel in the medium long term. 🔹This indicates a slower rising rate at first, or the start of a more horizontal formation. 🔹Approaching resistance at 15800, which may give a NEGATIVE reaction. 🔹Once break upwards through 15800 will be a POSITIVE signal. 🔹Technically NEUTRAL for the medium long term. Chart Pattern: ◦ DT: Double Top | BEARISH | 🔴 ◦ DB: Double Bottom | BULLISH | 🟢 ◦ HNS: Head & Shoulder | BEARISH | 🔴 ◦ REC: Rectangle | 🔵 ◦ iHNS: inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NASDAQ:NDX
by wavepoint99
GOLD vs NASDAQ- Which is better ?Over a period of time what is better to trade and invest in a gold futures based ETF or instead the TQQQ , a leveraged and popular ETF tracking the NAS100 and NASDAQ. To analyse, this I put NUGT on the daily chart and superimposed the price action of TQQQ. Starting one year ago, NUGT had the better price action in an upward facing megaphone pattern reflecting high volatility and topped out 70% over the last August start in a double top. After its retracement, it is now positioned perhaps for bullish continuation. TQQQ on the otherhand since a low at the end of 2022 has been in a less volatile trend up topping out at 50% last month but now also with a bit of a pullback and retracement. I conclude that one is not better than the other and that a lot depends on a traders appreciation of market tops. Swing trades in both managed well may give diversity to the trades and allow for profitable outcomes. As a well established gold bug, however, I believe that gold will shine moving forward especially if a BRICS currency is launched with a real gold standard.
AMEX:NUGT
by AwesomeAvani
$DJI & $NDX very important levels (TSLA trade = fire)The TVC:DJI trade we did ( NASDAQ:TSLA was great) was nice. In & out. AMEX:UDOW gave back all gains TVC:NDQ holding better, NASDAQ:TQQQ bit higher (risk reward was good but not for holding longer term) Point is, NOT RISKING, not convinced downside's over. AMEX:DIA almost oversold & very close to a VERY IMPORTANT AREA. Will revisit risk soon, once there. This is also an important area for $QQQ. ATM both weaker, could be mid day reversal. We'll see.
DJ:DJI
by ROYAL_OAK_INC