... for a 4.00/contract credit.
Max Profit: $400/contract ($200 at 50 max)
Max Loss/Buying Power Effect: Undefined/$3760 on margin
Break Evens: 157.99/217.01
Notes: Doing short calls 2 to 1 to accommodate skew with the puts at the 16 deltas, the calls at the 8's ... .
The Daily timeframe chart of the NASDAQ ETF (QQQ) is presented on a Daily timeframe with price action coverage from December 2018 to Friday market close last week (August 02, 2019).
The overlapping price pattern from June 17, 2019 to June 30 is interpreted as a rising wedge pattern in the QQQ. A break below the rising wedge on July 31 implied confirmation and...
The Stochastic Pop was developed by Jake Bernstein and modified by David Steckler, who wrote a corresponding article for Stocks & Commodities Magazine in August 2000. Bernstein's original Stochastic Pop is a trading strategy that identifies price pops when the Stochastic Oscillator surges above 80. Steckler modified this strategy by adding conditional filters...
Investing strategies by pretiming analysis
Forecast candlestick chart of 10 days in the future: www.pretiming.com
Investing position: In Falling section of high risk & low profit
Supply-Demand(S&D) strength Trend: In the midst of a rebounding trend of upward direction box pattern price flow marked by...
Bearish for a time, after that we have to see what happen with the Resisitance Line. God Bless you.
John 3:16 King James Version (KJV)
For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.
... for a 4.22 credit.
Max Profit: $422 ($211 at 50 max)
Max Loss: Undefined
Break Evens: 157.78/211.22
Notes: Going out to December to sell a 16 delta short strangle that basically covers all of the 2019 range ... . Will look to take profit at 50% max.
Still a day behind on posting trades here.
Yesterday I took another directional cheap shot while IV was relatively low.
BOT +2 VERTICAL QQQ 100 20 SEP 19 188/187 PUT @.22
Long the 30 delta put, $1 wide
breakeven at 187.78, which was about a 3% drop by expiry
Thing went nicely in that direction today with all the FOMC insanity.
Fingers crossed we see a...
QQQ in a consolidation period. PPO crossed over going down on a weekly, 2 day and 4 hour time frames. Just waiting on the weekly candle to close to confirm the weekly cross over for 100% accuracy but it Looks like the cross over will stick!!! Very powerful indicator!
After a volatile week, $QQQ has been hit by some short-term selling pressure. This in turn, has made its technical patterns look quite bearish at the moment.
However contrary to this, it may appear that a "Bullish Flag" pattern may be forming. If the price can bounce of the bottom of the channel pattern ("Flag") at $186.31, move higher and breach the top of the...
I posted a similar idea on SPX but QQQ has more upside potential to this short trade. Short trade on QQQ set stop at 194.34 from now this would give you just 1.5% downside with 11.1% upside 7.4-1 ratio. We may be forming an equal low to the May low otherwise I will post an update if the technicals indicate the correction ending before hitting, or overshooting...