QQQ Nasdaq 100 ETF Options ahead of the FOMC decision Short
Invesco QQQ Trust, Series 1NASDAQ
Description
⋅ After the 2023 Price target was reached for QQQ:
Now Powell's likely to take a hawkish stance tomorrow, given the CPI, PPI, and GDP data.
Interest rate cuts probably won't happen before June, in my opinion, potentially causing both indices and the crypto market to decline.
I would consider purchasing the 416usd strike price Puts with
an expiration date of 2024-4-19,
for a premium of approximately $2.55.
My end of the year Price Target for QQQ, the Nasdaq 100 ETF, is $470.