Just a quick note that the Q's opened near the high of the day and since it has been giving all of the gains back: QQQ 240 Minute QQQ Daily - Bigger Picture Price broke below first support trendline on Friday, now headed toward second support trendline (@ approximately 620), which originates all the way back to the Covid 2020 lows. The Aug 21st $650P is trading just under $10.00 up from our entry of $7.00 on July 2nd (my birthday), up almost 50%. The bigger picture chart is suggesting the mid-to-low $600's are doable over the next few weeks. If it happens sooner rather than later, those puts could double or even triple from current pricing.
