Pair trade idea: short #QQQ and long #SPY 1:1

I think this ratio is bound to go lower here, should be a good trade to put on, roughly 33% size needed to get a good enough exposure to it. It is capital intensive so it is probably easier to do with futures contracts.

Cheers,

Ivan Labrie.

Trade closed manually:

Not much of a move here. I'm not in it anymore.
I'm net short Nasdaq, mostly hedged and selling premium for yield.