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TQQQ trade ideas

TQQQ - Leveraged QQQ rising after reversal LONGOn the highly reliable weekly chart, price was under the Ichimoku cloud since April 2022 putting in a couple of bear flags on the way down while first getting support two standard deviations below the mean anchored VWAP and then one standard deviation showing increasing strength finally crossing above the mean VWAP in May then with a retest and bounce in late October while forming a bull flag. The breakout in the past month suggests another leg up is underway with a potential of the same magnitude as the flagpole in the current pattern. If accurate this could lead to a price of $68 by next July or 70% higher than the present over 7 months. I will take a trade of 10 call options with a strike of $ 65.00 for a July expiration. Each time the stock price rises by $5.00 I will close one of the options yielding a tiered liquidation along the way to collect profit.
NASDAQ:TQQQLong
by AwesomeAvani
2
Opening (IRA): TQQQ December 29th 34.5 Covered Call... for a 33.04 debit. Comments: Selling the monied -75 delta call against a one lot to potentially take advantage of early random call away/*assignment. 33.04 break even with a 1.46 ($146) max profit; 4.42% ROC/32.9% annualized as a function of buying power effect at max. "Random" call away occurs when someone holding the 34.5 long call choses to exercise it before expiration, but I'll look to close at or near max (e.g., 34.45) to avoid the call away/assignment fee if I get the opportunity to do so. On the flip side of the coin, I'll look to roll out the short call to reduce cost basis and my break even further if it chooses to crap its pants.
NASDAQ:TQQQLong
by NaughtyPines
Opened (IRA): TQQQ December 22nd 35 Covered Call... for a 33.55 debit. Comments: Selling the -75 delta call against ... . Metrics: Buying Power Effect/Share Price Break Even: 33.55 Max Profit: 1.45 ROC %-age At Max As a Function of Buying Power Effect: 4.32% ROC %-age at 50% of Max: 2.16% Delta/Theta: 26.44/2.98 Here's why I'm doing this instead of selling a put at the delta equivalent strike (the +25): if you look at the 25 delta put in the same expiry at the 35, it's paying around 1.27 at the mid (i.e., $127 max). The delta equivalent covered call setup has a slightly better max payout at 1.45 ($145) probably due to a couple of things: (a) IV skew (it's slightly higher on the call side than on the put); and (c) call skew. Relatedly, the short put break even is 33.73 relative the 33.55 break even of the covered call setup. I also wanted to see what the frequency of monied covered call random call away of shares was; most literature suggests early, random assignment is somewhat rare (around 7%) but there isn't much information out there in addition to that, such as when the highest likelihood of early exercise is (it's most likely when the extrinsic value in the call is de minimus) or how deeply monied the call is (which is related to how much extrinsic is left in the long call that the other person would be exercising; deeper in-the-money options have less extrinsic in them relative to less monied options of the same duration). This could naturally give the setup a slight edge over a short put, since an early exercise by a counter-party would result in max profit without having to wait until all the extrinsic has leaked out of the monied short call.
NASDAQ:TQQQLong
by NaughtyPines
Creating MillionairesWell, some would call me crazy. But that's my long term view: TQQQ made 200x since inception in February 2010 until his top in November 2021. Now, in my opinion, we are in the middle of a Bear Market. My expectation is that this Bear Market will last till December 22 until June 23. After that the next Bull market should start. My expectation for the Nasdaq 100 is to trade around 47.500 Points after this 10 Year Bull Market, which would take the TQQQ to around 1000. This would equal a 100x from the Bear Market lows, which I expect around 10. Of course no one can predict the future but I would also be happy with just 50x in 10 Years :D And I really think that this is a possible scenario. So here is my plan: in December 2022 i will start investing all of my money into TQQQ. For the next 5 years i will put everything into TQQQ too. AND finally in 2034 I'm hopefully a multimillionaire. See you guys in 2034 :D (not a financial advise)
NASDAQ:TQQQLong
by DominikS
127
TQQQ Weekly Big PictureIm a little bit torn in the potential outcome of the market for the next few months. There are a few major considerations that I have when viewing differences in certain charts that almost contradict some of the ideas I may have for upcoming trades. One thing at the back of my mind has me thinking that the bottom of the market has not been seen just yet, and we will likely retest the pre - covid level on the SPY / SPX before moving higher. However, if we take a look at charts such as TQQQ and SQQQ, we can see that these ETF's have already seen a massive collapse and broken through pre-covid levels, inevitably finding support at a weekly trend line before making its way back up while respecting current fib levels. Additionally, SQQQ has seen the lowest price to date without the market reaching an all time high. Are these potentially giving us a hint to where the market may move? On the long term, I am leaning more bullish unless we see some kind of Black Swan event that will trigger a fast flush , and potentially even enough to change the course of the FED policy before we see the larger move for the next business cycle.
NASDAQ:TQQQLong
by afurs1
The Day Ahead: TQQQ, GDXJ, USO, GDX, FXI Premium SellingIt's Friday ... the 13th. Here's what's shakin' in exchange-traded fund premium selling ... . Top 5 Options Liquid ETF's Ranked by 30-Day IV: TQQQ 22.9 IVR/60.4 IV GDXJ 23.6/38.9 USO 46.4/38.8 GDX 26.0/33.6 FXI 14.8/31.4 Ideally, you want to have IVR at >50 and IV at >35% in ETF premium-selling land, but you can't have everything in this market ... . Broad Market Shortest Duration <16 Delta Strike Paying 1% of the Strike Price In Credit: IWM, the January 19th 151, paying 1.58 at the mid (14 delta) QQQ, the January 19th 325, paying 3.44 at the mid (15 delta) SPY, the February 16th 385, paying 3.93 at the mid (15 delta) Me, Personally Currently, I still have quite a bit of broad market on in fourth quarter expiries, with the majority being in the December monthly and the end-of-quarter December 29th. (I have one IWM straggler on in the November monthly). I've begun to deploy out a smidge into the 2024 first quarter), but may just sit on my hands this week depending on whether I can get in at strikes better than what I currently have on. Because of that, I may dabble small with TQQQ as an engagement trade (and to see what all the fuss is about). Pictured here is a 16 delta short put at the 30 strike in the December 15th monthly paying 1.01 at the mid which I'll do as a starter position and then work it from there as I wait on my other positions. I also already have a GDXJ covered call on (See Post Below), but may add a short put to give me a little extra sumthin' sumthin' on that play.
NASDAQ:TQQQ
by NaughtyPines
Understanding Long-Term SPX500 & QQQ Cycle PhasesMy continued effort to share my research, experience, and expectations with the TradingView community has allowed me the freedom to create forward-looking content to help traders/investors understand the real risks/opportunities going forward. If my research is correct, then next 5+ years will be incredibly difficult for skilled traders/investors. I don't believe the US markets will enter a real organic growth phase until after 2025 (possibly in 2026 or later). There are many reasons for this extended contraction phase in the US/Global markets. Most importantly is a broad cycle phase related to societal changes. Secondly, we have a Sine-wave structure that confirms a contracting price phase needs to reach a base/equilibrium before it will be able to extend into an organic growth phase. As a trader, investor, or just someone trying to protect your family, your home, your children, and more, you need to understand the value of PROTECTING CAPITAL before taking on foolish risks. That is exactly what I'm trying to help you manage and understand - where opportunities exist in the markets over the next 5 to 15+ years. Watch this video, then click on my profile to watch some of my other TradingView videos. We live in a world where what happened 3 weeks ago is almost forgotten. These cycle phases exist, continue to drive price setups/trends, and will continue. Are you ready for what's next?
NASDAQ:TQQQ
by BradMatheny
3
$TQQQ Wave 4 Complete?Id like to see Wave 4 is complete here at the lower end of the channel but we are having difficulty with this overhead resistance here. Potential inverse head & shoulders if we do lose the neckline / support. Id look for a bounce at the lower end of the trend, and one could begin to argue, IF we pivot, we could be forming a falling wedge. Below that i would for a 50% retracement of wave 3 into the gap zone. A new high above resistance here would likely take us to 52, and then into the extension zone between the 1.618 and 2.0 In combination with weakness from the DXY, id lean with the bulls for now, but with the rates meeting today, im not ruling anything out, especially while we are under the local resistance zone and potential "shoulders".
NASDAQ:TQQQ
by TradingNomadic
Monday FOMC PatternThere will be two scalp opportunities in the morning based on historical Monday data that falls on FOMC week. Look for tight boxable action from 1115 to 130. Go take a long walk, read a book, call your mom. This action looks untradeable. A couple of scalping opportunities arise after 135 up til 200PM. With a small dip, and a resumed move into the close. Some notes of caution. You should read these as potential swing times, but not read them as market direction. If market direction holds, great, but if market direction inverses, then uses these marked times as swing points. Cheers hope it helps!
NASDAQ:TQQQ
by dratzlogic
1