QQQ TUESDAY TRADE IS ADD/BUY 280 CALLS

MONDAY THE QQQ'S HAD A HUGE GAP UP AND NO PULLBACK/GAP FILLING OF FRIDAY'S CLOSE, AND BROKE ABOVE FRIDAY'S HIGH 279.76.

WITH THAT FAST RUN WE EXPECT A TUESDAY MORNING DIP THAT WILL ALLOW FOR MORE OCT 9TH 280 CALL BUYING.

WE WILL BE BUYING 280 CALLS DURING THE FIRST HOUR OF TRADING WITH THE EXPECTATION OF BREAKING MONDAY'S HIGH 280.49 (TODAY OR WEDNESDAY).

OUR TARGET YESTERDAY WAS FRIDAY'S HIGH 279.76, AND NOW OUR MODEL'S TARGET IS 282.88 (LAST WEEK'S HIGH)

JUST REMEMBER THAT WHEN QQQ'S GAP UP AND RUNS THAT QUICKLY WE CAN USUALLY EXPECT AT LEAST A MINOR PULLBACK...SO TAKE ADVANTAGE OF THAT PULLBACK WINDOW!

GOOD LUCK!!!

Trade active:

BE PATIENT AND LOOK FOR A HIGHER LOW, OR A NEW LOW THAT IS REJECTED. 280 CALLS TRADING AT $2.25 NOW.

Trade active:

NEW LOW REJECTED AND BOUNCED SO WE WILL BUY 280 CALLS IF NEXT LOW HIGHER THAN 278.60

Trade active:

BUYING 280 CALLS IF VWAP HOLDS AROUND 279.60. IF VWAP BREAKS AND QQQ'S DO NOT BREAK CURRENT HIGH AT 280.56 WE WILL BE SELLING OUR CALLS EXPECTING MORE DOWNSIDE FOR TODAY.

Trade active:

QQQ REJECTED NEW HIGH AT 280.56 AND PROCEEDED TO BREAK VWAP AND ORIGINAL LOW. WE WILL BUY/ADD 280 CALLS ONCE QQQ GETS ABOVE 279.60 AND THEN HOLDS THE LOW OF THE DAY 277.13

WE WILL BE BUYING 280 CALLS BETWEEN (1.75-2.00)

"IF" QQQ'S CANNOT GET ABOVE VWAP AND ACCEPT THAT LEVEL WE WILL NEED TO SELL OUR POSITION.

Trade closed: stop reached:

THAT WAS AN EXTREME SELLOFF! WE WERE ABLE TO SELL 1/2 OUR CALLS AT $3.27 AND OUR TRAILING STOP SOLD THE REMAINING AT $2.17(WHICH WAS OUR BUY AVERAGE)