Hey Shoppers,

The Invesco QQQ Trust ETF (Ticker: QQQ) has a nice doji created on Friday which could possibly be signaling a change in trend in this rally.

This is also displayed in the ProShares UltraPro Short QQQ 3x (Ticker: SQQQ):

I am thinking SQQQ can trade up to $18.80 and possibly $20.20.

Looking at the SQQQ, you will see this week’s implied volatility is much lower than next week’s IV.

Therefore, I am looking at calls expiring Friday:

The 17.50 calls for $.50 seem a reasonable play.

These could possibly double and even trade over a dollar.

As always, wait for the confirmation tomorrow morning of SQQQ trading higher for at least an hour.

Trade Review

Bitcoin (Ticker: BTCUSD) had a major reversal on Friday causing Proshares Bitcoin (Ticker: BITO) to gap lower and trade lower all day. No calls purchased.

Oracle (Ticker: ORCL) did trade $119.97, I was calling for $120. In Option Shopper I made 114% on my calls.

Thanks for Reading … See You Next Tuesday,

Licia Leslie