Opened new QQQ short strangle. Both expirations are net green.

QQQ Short Strangle had a stop loss triggered on the shorter expiration date. The past 6 months have wiped out all of the gains from the past year. Very frustrating!

Was able to roll QQQ short calls down on a peak today and narrowed my deltas

$TQQQ covered call +80%, $UPRO covered call +50%, $QQQ short strangles-15%.

Opened second QQQ short strangle to spread out risk. Both are net green. Sold longer dated covered calls on TQQQ and UPRO Wheel.

QQQ Short Strangle went from red to green today. TQQQ Wheel covered call at 50% profit. UPRO Wheel covered call expired worthless.

QQQ Short Strangle about break even. UPRO covered call expired worthless kept all premium. TQQQ wheel still under water and too far to sell covered calls. TQQQ in other account up 9%.

STO 402C 331P 3/18/22 let’s see how it holds up

Very volatile week. My QQQ Short Strangle got stopped outt and under performing just buy hold the index the past year. My $UPRO $TQQQ Wheel is holding shares and caught the falling knife prematurely. This experience has helped my TA and should improve my future trades.

When the 1 year chart shows an RSI sub 35 on for $QQQ it is an opportunity to go or add to your long position in the Nasdaq and the S&P. The Nasdaq can fall anywhere from 7-20% before reaching that level. When the RSI is over 70 that would be the time to consider trimming back and have some cash available for deals after a sell off.