Earnings in the tech sector will dominate spikes in the coming days, making calls/puts in QQQ even more dangerous than usual. Solution: IWM, a more stable market index, with less expensive options. Basis the chart below, I'm suggesting a put strategy. IWM Daily Any close below IWM $257.50 suggests much lower prices ahead, targeting $245.00-$230.00 IWM March 20th Puts Buy IWM Mar $255P on any break of $260.00, double up on a break below $255.00, or alternatively, buy full position on close below $257.50 . QQQ Daily While I have the time, this one is flat out taking a dive: Caution: Big name earnings due out this week: AMZN & GOOGL Seems expensive, but reflects huge potential if things continue to go south.
