TheCarny

July 24th puts on the Q's

Short
NASDAQ:QQQ   INVESCO QQQ TRUST
Shark pattern on the Q's. 88.6 was first possible PRZ... which I played but covered when it didnt reach the first TP. 1.13 is the next spot for Shark . TP 38.2 and 61.8 retrace. Overshot the PRZ and with hedge funds only buying extended tech names like desperate drug addicts .... I suggest playing half size Puts to protect your risk.
Comment: Covered and rolled puts after first TP was achieved.
Comment: All targets hit. On to the next trade.
The Carny

Comments

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