Invesco QQQ Trust, Series 1Updated QQQ OPTION TRADE AT 93% ROI SINCE MONDAY
ON MONDAY WE STATED WE WERE GOING TO BUY OCTOBER 2ND 278 CALLS ($1.80-$2.00) WE PAID $2.20.
OUR TARGET ROI WAS 50% AND AS OF WEDNESDAY MORNING THE CALLS ARE AT 4.25...WE STILL EXPECT $280.45 MINIMUM TARGET TO BE REACHED THIS WEEK, SO WE ARE PLACING A TRAILING STOP AT $3.30 WHICH WILL LOCK IN OUR MINIMUM ROI OF 50%.
AS LONG AS WE STAY ABOVE THE VWAP WE SHOULD SEE CONTINUED RALLY THIS WEEK, AND INTO FRIDAY'S PAYROLL DATA RELEASE.
GOOD LUCK!
OUR TARGET ROI WAS 50% AND AS OF WEDNESDAY MORNING THE CALLS ARE AT 4.25...WE STILL EXPECT $280.45 MINIMUM TARGET TO BE REACHED THIS WEEK, SO WE ARE PLACING A TRAILING STOP AT $3.30 WHICH WILL LOCK IN OUR MINIMUM ROI OF 50%.
AS LONG AS WE STAY ABOVE THE VWAP WE SHOULD SEE CONTINUED RALLY THIS WEEK, AND INTO FRIDAY'S PAYROLL DATA RELEASE.
GOOD LUCK!
Note
We have an OCO in place to sell our $278 calls. We have limit GTC order working at $4.40 which will be a 100% ROI...and a trailing stop at $3.30 which will be a 50% ROI.Pigs get fat and hogs get slaughtered!!!
100% ROI in 2 days is not worth passing up
Trade closed: target reached
WE HIT THE 280.45 MINIMUM TARGET FASTER THAN WE EXPECTED, AND SOLD OUR CALLS AT $4.35 WITH A 98% ROI IN 2 DAYS IS PERFECT!!!WE WILL LOOK FOR A DIP TO ENTER A 2ND TRADE THIS WEEK BASED ON TODAY'S CLOSE AND TOMORROW'S LOW.
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