QQQ -387
(Below 387 for puts)
Price targets: $383, $375
Technical Analysis: QQQs has been in a linear regression channel for the past year so under 387 will begin retesting the bottom of the channel
Rationale: With increased news of a new covid variant, if QQQs continue to sell off, the plan is to buy and hold a $380 put for a month's expiration 12/24
(Below 387 for puts)
Price targets: $383, $375
Technical Analysis: QQQs has been in a linear regression channel for the past year so under 387 will begin retesting the bottom of the channel
Rationale: With increased news of a new covid variant, if QQQs continue to sell off, the plan is to buy and hold a $380 put for a month's expiration 12/24