Pièce De Résistance

This is a chart of GOOGL going into the close on Friday. We do not trade GOOGL because the options are so expensive, but we do trade the next best thing in the more reasonably priced options of QQQ and we trade them in both the Blue LIne PRO and Premium Trading Services.  On Wednesday we identified a QQQ Jun 17th Put that would run up as much as 2,000% if the stock market continues to unfold in a relentless Wave 3 down. GOOGL and NFLX charts below preview what's coming (a relentless Wave 3 down) in QQQ over the next 60 days.

GOOGL Intermediate Term Price Chart

NFLX Intermediate Term Price Chart

Pièce De Résistance: QQQ Intermediate Term Price Chart

 It's a good time to be trading options.