"Teetering" - A state of uncertainty or instability, often used to describe a person or object that is on the verge of falling or collapsing. Absent a bona fide breakdown, buying index puts, or calls on market inverse ETF's, has been a dangerous proposition. So let's take this in two phases. First, a review of new option highs made in the Premium Trading Service through the first week of October and where our 50% trailing stops would kick in: Note: Only BABA is trading below its 50% trailing stop, all others are still well above indicated stop levels. Second, stand-by to initiate and/or add to Nov short positions, looking at inverse QQQ leverage, i.e., the QID Nov 21st $22C for quick and easy exposure to any market downside acceleration: QID Nov 21st $22C Earlier today I sent out an updated QQQ chart to the PRO Service, suggesting adding QID Nov 21st $22C on a QQQ break below $600. This table represents option prices around noon EDT today, with QQQ trading around $604. As the deadline for posting any afternoon update for the Premium Service approaches, QQQ is finding modest support, but could collapse at any moment (see Teetering definition above). In any case, these inverse calls are easy and inexpensive exposure to a market collapse in the weeks ahead. Even simply a normal downturn, something akin to March-April this year, could see QID double, to $40, with these $22C going into the mid-to-high teens...from under $1.00. QID Hourly What happens next? QID From $30 to $50 (+67%) in six weeks, Mar-Apr, 2025.
