down 13% YTD when QQQ is up 7%. the alpha generation process at ARK must be incredible.

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Where do we place our bets? SPY/QQQ puts?

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I just spoke to the manager. It’s just spy and qqq.

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I may have done it but you just gave me the idea. Hadn't really settled in my mind what will happen next week until I analyzed qqq chart and realized Powell is coming with his dildo on Wednesday. It can't be fuckin good. ☠️

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Just looking at spy 2021 top and thinking we're probably at a top again. Think Powell's change of tone, inflation coming in way stiffer than imagined, and growth flatlining are all the alarm bells. Doubt they fall as low as last bear market but pain 2.0 is actually finally coming. Wednesday Powell could drop an anvil on markets if he signals zero rate cuts this year or even raises the possibility of another hike considering this PCE index today was much higher than they expected. If I'm Powell, I'm like shittttt my rates aren't fucking working still! I do hate to narrative trade. But just seeing the structure up here, some of the growth outlooks, the state of consumer debt, inflation, energy prices, etc... , it seems this is truly a moment where these things are beginning to matter. Traders are getting confused when the market rallies or stabilizes during these garbage news events. The general trend over weeks is what we're gonna wanna look at rather than the knee-jerk intraday market reactions driven by short term positioning at those moments. The r/r on November puts or something is probably not bad at all. I would really get some conviction if qqq makes a lower low on daily or fails 450 break again. But maybe I'll take a starter position cuz Powell and the final bit of earnings could trigger another deep red week like the one before this. 🤔

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QQQ

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Are there any company stock 0DTE options on monday other than SPY/QQQ etc?

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Good call if you need that money. You could have easily lost it all on that one trade. The option game is very rigged, usually around earnings. With a 100k+ account the best move is always riding spy/qqq or spreading it between your favorite 20-30 company’s in 5+ different sectors.

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Since today is a Friday and NVDA 0dte was available, I was thinking whether to do calls on QQQ or NVDA. I chose QQQ and made $1k profit, but seeing NVDA spiking up that much today made me realize I could have profited $16k with my money today.

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I keep making the same mistake. I should have stock I like to trade.  Nvidia, Meta, Qqq and Spy. It is another leaning curve

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