0.00Open0.01Pre Close0 Volume640 Open Interest489.00Strike Price0.00Turnover504.87%IV0.04%PremiumApr 11, 2025Expiry Date0.00Intrinsic Value100Multiplier-22DDays to Expiry0.01Extrinsic Value100Contract SizeAmericanOptions Type0.0028Delta0.0007Gamma48883.00Leverage Ratio-4.3414Theta0.0000Rho136.93Eff Leverage0.0002Vega
Invesco QQQ Trust Stock Discussion
The S&P 500 and Nasdaq continue their impressive climb, with SPX eyeing the psychologically important 5,740 level. But here’s what you need to know: this rally is getting tired.
Key Market Observations
1. The Exhaustion Signals Are Flashing
- SPY and QQQ are showing their first meaningful upside exhaustion signals since this rally began
- The VIX, which we correctly shared on our updates, had another 7-10% downside, has now reached our tar...
Overview
Many traders track the broader market ETFs like $SPY (S&P 500) and $QQQ (Nasdaq-100) to predict what stocks like $TSLA might do next. I was curious about them and often wondered if this approach is reliable for scalping or day trading TSLA. While trading TSLA in the past month, I tried to observe how SPY or QQQ might affect TSLA. Here are my findings summarised from the notes I made for discussion.
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Pros – Wh...
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Doesn't have to happen, or it could overshoot to the downside.
Similar setup on $Invesco QQQ Trust (QQQ.US)$
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