Sell Half the QQQ Puts Fri Aug 2 2024 Hey traders, Larry here. Today we're going to sell half our position in Invesco QQQ Trust, Series 1 (QQQ) for about a 82% gain. After breaking below the 50-day moving average last week, the Nasdaq-100 briefly rallied to test the 50-day from below. That resistance level held, and QQQ (which tracks the Nasdaq) is continuing to decline as expected. That's boosting the value of our puts, so let's go ahead and sell half our position today. We are currently up 82% as I write this. Action to Take: Sell to close half of the QQQ September 20 $420 puts at current market prices. As always, keep an eye on your inbox for the next opportunity. Regards, Larry Benedict Editor, The Opportunistic Trader Download the Opportunistic Trader Mobile App To make sure that you always have an eye on my trades, make sure you download the Opportunistic Trader Mobile App (here are the links for iOS and Android) and enable push notifications after you log in. That way, you'll receive a notification on your phone as soon as I post my next actionable guidance, and never miss the chance to profit. And if you're a user of the Opportunistic Trader Mobile App and find it valuable, consider leaving a review on the App Store or Google Play page. If you think it could use some work, let us know that, too. The Opportunistic Trader 55 NE 5th Avenue, Delray Beach, FL 33483 www.opportunistictrader.com To ensure our emails continue reaching your inbox, please add our email address to your address book. This email was sent to indra21poetra@gmail.com because you subscribed to this service. The Opportunistic Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-888-208-6550, Mon–Fri, 9am–5pm ET, or email us here. © 2024 Omnia Research, LLC. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Omnia Research, LLC. Privacy Policy | Terms of Use