QQQ has dropped into the 'Sell Signal Pending" zone of 262-260. PRO traders already have their instructions for SQQQ, so this trade is for Premium Option Portfolio which as of today does not have a QQQ position. Let's change that on any drop below QQQ 260.00: QQQ - Currently 262.30; Intra-day low = 261.50 Sell Signal: QQQ on any drop below 260.00 Option: Feb 17th QQQ $250P (5.15-5.20) Targets: QQQ < 230. $250P > 20 Stop: 50% trailing stop from highest price post entry ----------- IYR - On edge of cliff Consider rolling any remaining Jan 20th puts into Mar 17th puts
