Hi, Me again. The guy who buys QQQ puts literally seconds before the ETF jumps up...with sad pics.
Context: Two weeks ago, I think I did the same thing, but that was within an hour of the ceasefire being announced that made QQQ jump up. This week, while it was going down, I thought I would buy some close at the money puts for $645 while the stock was at $646 and literally within 60 seconds it jumps up four points and then continue to jump up to about nine points at the end of the day to settle at $655 right now after hours.
I was hoping to catch a nice dip right before the hype for next week's Wednesday earnings nuke from meta google and microsoft as I was hoping the stocks were going to be sold off in anticipation for pumping them up throughout the week but I guess I was wrong.
Question: What was everyone else's strategy for Thursday and Friday leading up to the weekend and then next week's earnings nuke on Wednesday after the bill?
I think I'm done with QQQ and I'm going to jump on the SPY or XSP ETFs/index for a little bit.