TQQQ reaching some Resistance (SHORT)

NASDAQ:TQQQ   ProShares UltraPro QQQ
Analysis based on long term trend lines and forming wedge . Moving averages starting to curl downward. Daily RSI is very high. Bought Put 11/5 dated 11/19 for $157.00. $2. No stop loss.
In hindsight, it would probably be more advantageous to purchase a longer-dated put such as 1-month out, December 10th, and raised the price target close to the current share price, about $169, so that the risk of being out of the money at expiration is lower. The premium in that case would be more like $10. Loss due to theta decay would decrease. However, in that scenerio, a stop loss would be necessary due to the significantly higher premium. Also in that scenerio, it would be necessary to take into account the larger spread, about $0.50. Entry limit as close to the bid price as possible and wait for order to fill is a must. For the $2 put for 11/5 at $157, the spread was very small, about $0.02.
Comment: Not financial advice. This is to track my record of profit and loss. I'm only buying 1 contract for myself.