QQQ range
QQQ has printed a very obvious trading range pattern. This is a very simple trading idea. But sometimes the more straight forward trade is the best. On 12/24/24, 1/13/25 and 1/27/25 QQQ hit range lows around 500 - 505. On 12/16/24, 1/22/25 and 1/31/25 QQQ hit range highs around 530 - 535. So until there's a breakout or breakdown of this range pattern, I will stick to this trading range pattern.
QQQ long trade idea:
long 505
stop 500
profit 530
QQQ short trade idea:
short 530
stop 535
profit 505
QQQ options data:
2/21 expiry
Put Volume Total 151,543
Call Volume Total 54,732
Put/Call Volume Ratio 2.77
Put Open Interest Total 537,804
Call Open Interest Total 407,596
Put/Call Open Interest Ratio 1.32
QQQ long trade idea:
long 505
stop 500
profit 530
QQQ short trade idea:
short 530
stop 535
profit 505
QQQ options data:
2/21 expiry
Put Volume Total 151,543
Call Volume Total 54,732
Put/Call Volume Ratio 2.77
Put Open Interest Total 537,804
Call Open Interest Total 407,596
Put/Call Open Interest Ratio 1.32
Note
short entry at 532
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.