AFTER 19 YEARS OF TRADING THE QQQ'S WE SEE SEVERAL SIMILAR PATTERNS. ONE PATTERN IS FRIDAY'S OPEN BELOW THURSDAY'S LOW.
WHAT WE EXPECT IS AN INITIAL BOUNCE OF $2.00+ AND WE WILL BUY 275 CALLS SOON AFTER THE OPEN.
THEN WE WILL BUY 276 PUTS AND THEN SELL OUR 275 CALLS ONCE QQQ FAILS TO MAKE HIGHER HIGHS.
WE WILL SELL OUR CALLS IF QQQ ACCEPTS BELOW VWAP OR WE WILL SELL OUR PUTS IF VWAP REJECTED.
IF FRIDAY'S LOW > -$2.00 FROM OPEN PRINT THEN FRIDAY'S CLOSE WILL BE BELOW FRIDAY'S OPEN
WHAT WE EXPECT IS AN INITIAL BOUNCE OF $2.00+ AND WE WILL BUY 275 CALLS SOON AFTER THE OPEN.
THEN WE WILL BUY 276 PUTS AND THEN SELL OUR 275 CALLS ONCE QQQ FAILS TO MAKE HIGHER HIGHS.
WE WILL SELL OUR CALLS IF QQQ ACCEPTS BELOW VWAP OR WE WILL SELL OUR PUTS IF VWAP REJECTED.
IF FRIDAY'S LOW > -$2.00 FROM OPEN PRINT THEN FRIDAY'S CLOSE WILL BE BELOW FRIDAY'S OPEN
Operación activa:
WE BOUGHT OCT 2ND 275 CALLS AT THE OPEN FOR $2.45. WE ARE LOOKING FOR A BREAK OF 278.83 HIGH, BUT WE WILL SELL OUR CALLS IF THE NEW HIGH IS REJECTED (BREAKS 278.83 BUT DOES NOT LIKE STAYING ABOVE IT).
Operación cerrada: objetivo alcanzado:
WE SOLD OUR CALLS AT $4.90 FOR 100% ROI IN 45 MINUTES!!!
Operación cerrada: objetivo alcanzado:
SOLD POSITION AT $7.87 SO ROI WITH $2.78 PURCHASE PRICE= 183% ROI