I’ve been droning on for the past week how Options360 has been reducing risk by paring positions and patiently waiting for a good opportunity to deploy capital.
Today, we made a major move.
But be clear, it’s not a one-way play.
The new positions are a combination of both bullish and bearish positions in the Invesco Nasdaq 100 (QQQ).
I plan on being able to take profits on a rally AND score a big win should we have another large leg down.
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I sent this Options360 alert to members this morning. I’ll be giving more color on this trade during next Tuesday’s webinar.
Let’s see if we can confuse ourselves and trade our way through this chop.
We are deploying capital to establish two positions in the QQQs…
BUT… I can’t give away the details of the trade here.
We have been patient over the past few weeks, keeping our trading light and small. Now, with the market consolidating, it looks like a good time to get in position for the next move.
How we are positioning for that move? You’ll have to join me to find out!
Steve