QQQ - Couple Longs BROS OLED
Trend Analysys
Chart patern
2024-08-09T15:06:50+00:00
On a short-term time frame (1-hour candles), the Q's are attempting to break the 448 level mentioned earlier this week. I am currently day trading the Q's long based on this setup, with a tight stop at the lower edge of the consolidation.
However, the primary focus is on taking position trades in OLED and BROS. I am buying stock and also going long with deep-in-the-money calls as they are cheaper than outright purchases.
BROS
- Long 100 shares @ 30.19
- Buy to Open SEP20 25C @ 5.80
OLED
- Sell to Open AUG16 165P @ 2.23
- Buy to Open SEP20 140C @ 30.89
Additionally, I have added a few stocks to my long-term portfolio:
- AMZN (Add)
- BLDR (New Position)
- OLED (Add)
I am also trimming some of my LMT holdings to capitalize on the recent rally.
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