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Mauriello
Jul 5, 2020 7:32 PM

QQQ Trust Stock Analysis Long

Invesco QQQ Trust, Series 1NASDAQ

Description

The idea is to wait the end of the price retracement before buying.
NASDAQ:QQQ
Major Company:
Apple Inc. (AAPL), Microsoft Corporation (MSFT), Amazon.com, Inc. (AMZN), Alphabet Inc. Class C (GOOG) and Alphabet Inc. Class A (GOOGL), and Facebook, Inc. (FB). (Note that GOOG and GOOGL are actually the same company.)
Comments
Gamblerman
QQQ is going to the moon. Divergence failed. P/C is a crazy 2.75. Way too many bears buying puts. Looking for any pull-back to get back in.
Gamblerman
Essentially, what I have been doing. Buying the dips. Selling the tops. 700% and 400% in the last couple of weeks with July and August calls. 300 by August. Some kind of top in Sep. Puts are then in order,
gata9aigata9ai
Correct in the sense that we are going up. Likely not going to get a pullback to 240...i think we go straight to $260 this week.
Mauriello
@gata9aigata9ai, good call..Well done..
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