18th day of QQQ short term down-trend; options to expire

GMI0/6
GMI-20/8
T210819%

All of my indicators are negative.   I will be 100% cash in my trading accounts after option expiration this weekend. All of my put protected positions will be assigned at higher prices (the original strike price) to persons who sold me the puts. T2108 is at 19%, heading towards the extremely oversold area where bottoms occur.   If it gets into single digits, I will look for a bottom.

2 thoughts on “18th day of QQQ short term down-trend; options to expire”

  1. No. I am am glad to be out of this market and to just watch from the sidelines. If I wanted to trade, I would nibble on the short side with those inverse ETFs or be buying puts on individual stocks.

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