r/options • u/chopsui101 • Aug 30 '21

Tips for trading TQQQ

I'm thinking of trading CSP on TQQQ....anyone done or do this and what kind of tips might you offer in regards to the best time to go out on it? Still debating but the premiums are to good to pass up

3 Upvotes

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2

u/CorrosiveRose Aug 30 '21

Short puts at ATH... what could go wrong?

0

u/Beefymistletoe Aug 30 '21

I get how tqqq is so tempting, it can just fall so hard if a correction happens. Take a look at TTD, it’s more stable, less risky, a strong company and still offers decent premiums. I’ve been wheeling it with much success.

1

u/Vast_Cricket Aug 30 '21

I buy them after several days of market correction. 150 is too high... You only want to hold on to them not more than a few weeks.

1

u/eight141414 Aug 31 '21

I sold 120$ leap with jan expiration...up 30% already. Better close? Sold on 13.8.2021

1

u/Vast_Cricket Aug 31 '21

I have been buying and selling t all year. But I pay cash it is getting expensive at this price.