The Nasdaq 100 (NQ1!) ATR Says It's Due For A Fall

2 сент. 2021 г.

Everyone can see the Nasdaq 100 is extended. Heck, the index has added nearly 1000 points in only the last few weeks. But despite the price strength, we have a sign/signal that the mighty may be ready for a fall.

The 7-Day Average True Range (ATR) of the Nasdaq 100 Futures Market (NQ1!) hit the lowest level of year, and is down over 60% since May 20. I've linked to a related Video Idea on ATR below.

How we're expressing a short idea:

Keeping it simple. When the NQ1! hit 15670, we bought the QQQ Sep10w 375 Puts for a 1.02 debit. We'll likely spread if the trade moves in our favor this week. Risk is 50% of premium paid regardless of underlying so we stop out around .50

2 сент. 2021 г.

Сделка активна

Sold 25% 375P at 1.45 +40%

2 сент. 2021 г.

Сделка активна

Sold 25% 375P at 1.75 +70%

5 сент. 2021 г.

Сделка активна

Added heavy, 9/3 .77 - don't do this at home. :)

8 сент. 2021 г.

Сделка активна

Reduced at .80 for a scratch on 50% of add. Still long 50 contracts avg .65

10 сент. 2021 г.

Сделка закрыта вручную

Well, we got some selling today.