Jump to content



Photo

The weekly QQQ puts put on a big daily show...


  • Please log in to reply
No replies to this topic

#1 diogenes227

diogenes227

    Member

  • TT Patron+
  • 4,332 posts

Posted 29 November 2017 - 11:44 PM

From the link:

 

 

Today, the QQQ puts put on the show. And an almost completely incredible show it was!

 

The drop in the Nasdaq (the composite would close down 87 points) began on the first five-minute bar (see charts below) and quickly became a bloodbath before leveling out in the usually mid-day to the close sideways chop. At the peak of the bloodbath, the gains in the weekly puts were astonishing and even with the leveling and sideways late in the day they remained spectacular.

 

For an extensive discussion and some "entertaining" charts:

 

THE QQQ WEEKLY PUTS

 

 


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx.

I spent half my money on gambling, alcohol and wild women. The other half I wasted, W.C. Fields.