ETF-OPTIONS

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Long
ETF-OPTIONS Updated   
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Our proprietary model uses 26 inputs to calculate which day is going to be the high and low for the coming week. If you like trading QQQ or Nasdaq OPTIONS than you need to subscribe.

We bought the QQQ 343 Calls last Friday at 1.62.
Today the range for the 343 Calls was 1.58 / 2.65 and the calls closed at 2.32 (after the Tesla earnings report created a little weakness after the close).

We will hold our 343 Calls if Tuesday High > Monday High, and we will add to our current position if the 30 minute low holds after the open. If that low breaks and forms a good low that occurs in the 1st 120 minutes today we will add more at that point. If Tuesday makes a new low after 120 minutes from the open we will not add to our 343 Calls until the last 60 minutes of trading (unless Tue low < Mon Low 338.91). This is one of our model's inputs!

The MODEL PREDICTIONS for this week:
Monday or Tuesday low this week (higher % Mon low)
Thursday or Friday High (higher % Fri High)

Model is predicting if Monday is the low for the week = Friday's Close > 343.54 and possibly as high as 346.46

Now if you cannot monetize this information, our model is producing, than you need to send us a private message so we can show you how youcan!!!

Good Luck Today

(if anyone has any questions about getting any intraday updates just send us a private message on this platform)
Trade active:
We were able to sell into the opening high before it faded, and we added to our position during the extended period after the close. We sold 1/2 our position in the 343 Calls with a 2.36 avg, and then we bought 343 Calls expiring 4/30 with at 1.36 avg and we also bought 11.00 SQQQ Puts Exp 4/30 with a .46 avg.

For this market to continue higher this week we will need to see the QQQ > 341.20 on Wednesday.
Comment:
With the new low we added 340 Calls exp tomorrow under $2.00
Comment:
We are adding more 340 Calls Exp 4/30 under 1.85 as we are hovering at the day's low.
Comment:
We just added more 340 Calls Exp 4/30 at 1.44 avg. Our model is still looking for a Friday high, but Wednesday low must hold Thursday for that to hold true.
Comment:
With about 30 minutes before the open the QQQ's are now above the all time high 342.23. Needless to say we are very happy with our long positions we held overnight! With that said we are expecting a pullback from the open of -$1.00-2.00 unless it just goes straight up after the open. We will look to lighten up our positions shortly after the open if the 30 minute high is < +50 cents above the open print. Then we will watch the 30 min low...if it holds we will add to longs and remove the hedge, but if it breaks we will be patient and look for a good low to then add to longs and unwind hedge. Amazon still to report today, and we think they are gearing up for a stock split so they can get into SP500. Good Luck today!
Comment:
Well that was much more of a sell off than we expected. Right now Thursday is the range for the entire week. We said that unless the high-open was>+50 cents then it was best to sell into that and hedge your longs. we hit +47 cents...real close! so we added 337 Calls Exp 4/30 for under $2.00 avg as the low approached 337.00 handle, and we will only remain long if we get above the VWAP, and 340.55. AMZN reporting after the close, and in 20+ years only 1 time was the week high and low Thursday!
Comment:
We are selling 1/2 of our 337 calls we bought earlier for $1.98 at 50% ROI at $3.45 since the 30 min low is holding its first test at 340.00 level.
Comment:
we sold our remaining 337 Calls at 4.06 to close out the position. We are holding our remaining 340 Calls we added today. With AMZN earnings report due out we will have orders working to sell at 2.40 / 2.70 / 3.00 to close out our portfolio,
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