Invesco QQQ Trust Stock Discussion

MarketReaper : could you explain to me to me what is happening here?

scarlight : nope

Uncle Roger第一桶金 : By call when bottom, buy put when top peak

Gilley OP Uncle Roger第一桶金 : well I could have today had bottom in calls sold early called puts at top but didn't buy lol oh I could be doing so much better today

scarlight Gilley OP : The problem is nobody knows when what is the bottom or top. you sell when you can can profit and move on, don't push your luck.

Uncle Roger第一桶金 Gilley OP : But depends u trade intraday or by day chart. From short term the chart looks bearish, with up down intraday

Gilley OP : oh yeah u sure are right I just got lucky at calling today just sucks I didn't buy in put then or just hold my calls I am way to scared lately thats really what I'm trying to do is just make smart plays get out if im wrong and yeah I definitely know how fast things change just don't like the manipulation crap that seems to happen alot in markets when u play options I do great at estimates of what will happen if im not in something but when I take a position all hell can break out easy

scarlight : put leaded and sold

scarlight : hmm, today looks inconclusive. I think it may be a little higher.

RIPPER OP scarlight : Sorry meant to say IF downtrend continues

Stock_Drift : @RIPPER It’s a Strother Martin morning. gonna be a good day.

RIPPER OP scarlight : Need to break the 488.24 for lower

RIPPER OP : I think the 486 low still has good potential to hit

scarlight : get out

Gilley : yeah after ppi it blows up and then bank earnings hit and blows it up more do the opposite of puts next month and watch the gains roll in at least I finally decided to try cause I call it every month hit a 1000 percent closed early and would have made 3000 percent had bottom day before was nuts

I Am 102927471 :

scarlight : hmm, millions in our put, price go up, somebody rich has stepped in

Gilley OP scarlight : I had calls at bottom sold cause it started to look weak as soon as I closed it blew up

scarlight Gilley OP : well, it is going down. As soon as it break 0.25 I may buy more puts. Now, the volume is low

Gilley OP scarlight : yes it is probably the start of the downtrend it just dropped to much to fast dont think it will be a fast downtrend but think its the start of one tomorrow and after might be better for puts