QQQ - Couple Longs BROS OLED

QQQ
60
Long
Trend Analysys
Chart patern
QQQ - Couple Longs BROS OLED
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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