TradeOptions
2022-09-08

$Nasdaq100 Bull 3X ETF(TQQQ)$ $Nasdaq100 Bull 3X ETF(TQQQ)$$Nasdaq100 Bull 3X ETF(TQQQ)$‌After 3 weeks of watching falling prices, I bought 20221021 35Call @$0.60 on 7/9/2022 looking for a short term "bounce". Possibly also due to covering of short positions while awaiting the FED rate announcement. Hoping the TQQQ will reach 32.50 and maybe test the 37.50 level. Estimating from the option greeks, if TQQQ reaches 32.50, I should be able to close 1/3 of my position at 150% profit or better, and sell 20221021 36Call @$1.20 to lock-in a spread at 100%-230% profit for 1/3 of my position, and then let the remaining 1/3 position see if TQQQ can re-test 37.50 or even 40.00.

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