jsd501 8:58 am on Tuesday, November 24, 2020

TQQQ,

STO December 4, 130 put at 1.41
STO December 11, 120 put at 1.65

walter6871 5:50 am on Wednesday, November 25, 2020

Gm jsd501
what indicators work good for to pick a TQQQ put? and DTE?
thanks, I want o get on this wagon looks like good returns.
- jsd501 6:30 am on Wednesday, November 25, 2020
  
  I am not quite sure how to answer your question. I look at the QQQ and use that chart as my guide. If it is trending higher, I sell options on the TQQQ and have the cash to buy the stock if the market takes a down turn. Having cash is important so if assigned I can buy the stock. Since it is an index and an index like this one will not go out of business, I will then sell covered calls.
  I keep an eye on the moving averages as well. If we turn down and trend below the 20 day and 50 day MA I don’t sell much unless it is way out of the money and can live with the stock.
  - walter6871 6:36 am on Wednesday, November 25, 2020
    
    thanks/got it/ I over laid a qqq on chart with Tqqq and it pretty much mirrors. well always looking for grail or secret sauce.
    Walter
    - jsd501 6:49 am on Wednesday, November 25, 2020
      
      One more thing. The indicators are flashing warning signals that we are over bought, i.e., the smart money, dumb money so I am selling smaller numbers of options right now.

Leave a Reply Cancel reply

s: search
c: compose new post
r: reply
e: edit
t: go to top
j: go to the next post or comment
k: go to the previous post or comment
o: toggle comment visibility
esc: cancel edit post or comment