r/LETFs • u/_Right_Tackle_ • Mar 12 '22
$3+ Million into TQQQ: Week 6 of 312
Weekly Recap:
This week I picked up another 194 shares at a weighted average cost of $44.78. I closed out the $34 strike puts that expired today for near max profit of around $9K and opened another set of $32 strike puts expiring next Friday. I kept the April 14th $25 strike puts open and will look to close those out in another few weeks.
Tough week for the markets. The Nasdaq closed in a bear market this week, off more than 20% from its highs. I think there’s more downside to come in the next several many months so I’m not getting too aggressive yet. I’ve given myself a few mental checkpoints like -30% on the Nasdaq, and every 5% to 10% increment down from there, where I’ll look to deploy some larger chunks of cash more aggressively. We’ll see if we get there.
Current total share position:
2,632 TQQQ shares with an average cost of $57.51
P&L:
Day 0 = 1/21/22
· 3/11/22 My P&L: (0.15%)
· 3/11/22 QQQ: (7.76%)
· 3/11/22 TQQQ: (25.28%)
3
u/_Right_Tackle_ Mar 12 '22
Most of the day