It has been 9 weeks since QQQ tapped the 21-ema on the weekly chart. The last time that happened? December 2021. Tech is mega-stretched to the upside, and mean-reversion is on the menu.
$330 puts expiring in two weeks
$310/$290 put debit spread expiring in September.
$345 stop loss. Hedge with short-term calls as needed.
$330 puts expiring in two weeks
$310/$290 put debit spread expiring in September.
$345 stop loss. Hedge with short-term calls as needed.
