I closed $QQQ 20240509 436.0 CALL$  ,With the initial job loss claim spike through thr chart, pre market was excited but notnas crazy as last week and start to fade from pre market high, as the overnight inventory is 50:50 there is really no direction before the opening, but given the pre market high was rejected from yesterday high, maybe there is a chance to put right at the opening but too risky given the bad news is the good news we had at 830pm, so wait for the market to find its opening range, as the market reach the key level at 438.5 and the pre market has respected this overnight low, this could be a good level to call, and it shoot right back up to yesterday high with some rejection as the market is watching nvda closely for price action, turn out nvda was rejected by ma20, QQQ start to retest the yesterday support level at 439.5 as it start to stabilised and reclaim vwap, enter a second call and continue hold it as nvda holds the key level around 885, exit the first call at previous high to protect some profit, and exited another at pre market high as the next stop is not far away the market may not reach there. At the time of writing this market validated my idea with the rejection at pre market high but it found support around ma20, may continue to grind higher along ma 20, but may be rejected by the heavy supply range at Tuesday high. For me, it is COB for today.
Trading Order
SymbolSidePriceFilled time
QQQ CALL
US20240509 436.0
Sell
Close
4.92024-05-0922:38:56
# Trade Feed: Who is your favorite star traders?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment4

  • Top
  • Latest
  • catandbull
    ·05-10
    Great analysis! Appreciate your insights on the market movement today. 👍
    Reply
    Report
  • jethro
    ·05-10

    Thanks for sharing 😁 

    Reply
    Report
  • WalterD
    ·05-10

    day trade everyday?

    Reply
    Report
  • KSR
    ·05-10
    👍
    Reply
    Report