Good Morning,
Here is my plan for December 7th for 0dte on the QQQ symbol.
I have outlined some personal levels of support and resistance on chart including yellow horizontals to provide better visual of entry and exists.
We want to hit the long when the price breaks or dives below 385.26
We want to go short when price breaks or shoots above 387.70
As of the moment in writing this post, the price is at 386.30
As a rule of thumb, we want to procure 3 strikes away from ITM.
For longs we want to buy the 388 when it dives down, for shorts we want to go 384 when it ascends higher.
Soft profit target 30% but depending on volatility for the day , you may be able to ride it out.
With yesterdays spike pre market we procured the 386 PUTs for about 8c which later sold for around 30c a piece.
If the market opens significantly higher / lower, the middle points of the boxes are adjusted targets for longs/shorts.
Happy Trading !
Here is my plan for December 7th for 0dte on the QQQ symbol.
I have outlined some personal levels of support and resistance on chart including yellow horizontals to provide better visual of entry and exists.
We want to hit the long when the price breaks or dives below 385.26
We want to go short when price breaks or shoots above 387.70
As of the moment in writing this post, the price is at 386.30
As a rule of thumb, we want to procure 3 strikes away from ITM.
For longs we want to buy the 388 when it dives down, for shorts we want to go 384 when it ascends higher.
Soft profit target 30% but depending on volatility for the day , you may be able to ride it out.
With yesterdays spike pre market we procured the 386 PUTs for about 8c which later sold for around 30c a piece.
If the market opens significantly higher / lower, the middle points of the boxes are adjusted targets for longs/shorts.
Happy Trading !