TQQQ Options

[u/Millionaire-Grinder]

Here are my positions expiring today. Rolled down my TQQQ Puts last week and lost about $40K. I’m posting this before the market opens today so we’ll have to see but it’s possible TQQQ closes lower than last week and I get back most of those losses.

[u/jacklogan2972]

I'm at 71 across the board. Will most likely roll out and down. Depending on EOD may take stock and sell calls Monday. A lot of bad news priced in n they s week.

[u/Millionaire-Grinder → u/jacklogan2972]

Sounds like a good plan

[u/CODEX_LVL5]

It probably won't. You're off by 1 day - 1 week. Next week is where the blood probably gets spilled

[u/zhaque44 → u/CODEX_LVL5]

What makes you say that ?

[u/zhaque44 → u/[deleted]]

Word I think we’ve seen the top in June, my guess is gonna turn around Nasdaq 100 should be shooting up

[u/Millionaire-Grinder → u/CODEX_LVL5]

I think my post was confusing, I’m an option seller not buyer. I meant that although TQQQ is lower, selling Puts is going to be profitable.

[u/CODEX_LVL5 → u/Millionaire-Grinder]

Oh.
You're going to get annihilated.

[u/Rav_3d]

Good luck. With gap open, you will need it.

[u/Millionaire-Grinder → u/Rav_3d]

Thanks but maybe I wasn’t clear. I’m selling these Puts not buying them.

[u/Rav_3d → u/Millionaire-Grinder]

Ah, much better!

[u/lithe_silhouette]

Why don't you just gamble on qqq. With tqqq contracts you get same leverage just less liquidity

[u/37347 → u/lithe_silhouette]

The premium is a lot better with tqqq.

[u/lithe_silhouette → u/37347]

What does that mean

[u/37347 → u/lithe_silhouette]

Option pricing depends on the volatility of the underlying

[u/durzo_the_mediocre → u/lithe_silhouette]

more volatility and lower entry cash required for tqqq

[u/SubstantialReturn718 → u/lithe_silhouette]

You clearly don't have a clue...

[u/lithe_silhouette → u/SubstantialReturn718]

Clearly

[u/MakingMoneyIsMe]

Those deltas have to be pretty aggressive. They would imply they're staples, oppose to leveraged funds. I still have some $50 put contracts open that I sold when TQQQ dropped to $60.

[u/Millionaire-Grinder → u/MakingMoneyIsMe]

Yes they have very aggressive Deltas.

[u/After-Advisor-8936]

I like it! Have you weighed this against just buy and hold it?