QQQ range

3 Feb

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

7 Feb

Catatan

short entry at 532