The standing instructions for the Q's from our PRO update of Apr 2nd: "A close below 440 triggers additional May or Jun out-of-the-money QQQ puts, whether stopped out of last month's positions or not. Add on a break below 430." Since then, all hell has broken loose on the geopolitical front and yesterday saw Crude Oil soaring and QQQ tumbling below the first trade trigger point @ 440. Accordingly, as of late in Thursday's session we added a position in QQQ Jun $410P and will double up if QQQ breaks down below 430. In addition, look for a new SPY put position to be added to the Premium Service any day now, including possibly later today. Stock Index ETF's & Key Initial Breakdown Levels QQQ Newest Position: Added late Thursday SPY IWM
