Good Morning,
Here is a plan for November 30th for 0dte on the QQQ symbol.
Got the highs and lows highlighted :
We want to hit the long when the price breaks below 389.08
We want to go short when price breaks 392.10
As a rule of thumb, we want to procure 3 strikes away from ITM. So for longs we want to go for 391 calls , for puts we go 389 puts respectively based on criteria met above.
Soft profit target 30%.
If the market opens significantly higher / lower, the middle points of the boxes are adjusted targets for longs/shorts.
Happy Trading !
Here is a plan for November 30th for 0dte on the QQQ symbol.
Got the highs and lows highlighted :
We want to hit the long when the price breaks below 389.08
We want to go short when price breaks 392.10
As a rule of thumb, we want to procure 3 strikes away from ITM. So for longs we want to go for 391 calls , for puts we go 389 puts respectively based on criteria met above.
Soft profit target 30%.
If the market opens significantly higher / lower, the middle points of the boxes are adjusted targets for longs/shorts.
Happy Trading !