QQQ Option Call to Action

Short term option call for QQQ. The MACD is on the edge of crossing bullish. The EMAs are already positive leaning.

The Play:

Look for QQQ to make a least a $0.50 move north w/in the next 5-6 trading days. Watch for the MACD to confirm up as a trigger.

Expiration Date: 21 FEB
Strike Price: $3.53
Delta: 0.55
Theta: 0.06
Diff: 0.49 or $49 per contract (0.24 or $24 per contract)
profit: 0.49/3.53 per dollar (0.24/3.53)
Profit precent: 14% per dollar or 7% per half dollar move

Happy Trading