QQQ
Invesco QQQ Trust, Series 1
stock NASDAQ ETF

# META CALLS
# QQQ PUTS

I was watching QQQ break below 761 this morning and literally accepted I lost it all. In the span of 30 minutes market makers have somehow convinced me I'm not cooked (I'm definitely still cooked).
BUT, they have given me the strength to hold for papa Xi to put the nails in the coffin later.

Can't hold this is a meme market and a 2% drop will be seen as the greatest dip buy ever. Watch QQQ finish rhe week 3% higher than todays open

If this can actually hold it's a decent bear setup at least for a little while as QQQ double topped.
I'm not sure it will though because yields have reversed for now.

QQQ Calls at the open? Bond market getting dumped, crude kinda flat

I never said it won’t recover. We are already 20% ytd for QQQ. Its hard to go higher

QQQ is less than 2% off its ATH and we’re calling for a bear market. Fair enough actually, now is when it would hurt worst 

Glad I sold my $741 QQQ calls i would be cooooked rn

Didn't QQQ perform better than 188% in this period?

Ooh yeah, the explanations usually make it worse haha. Let me try.
Open interest is just a count of how many contracts exist at a strike. That's the whole thing. Somebody opened a position there and it hasn't been closed yet. So a big number at 450 means a lot of contracts are sitting at 450, and that's all it means on its own.
Now the hedge rebalancing thing, which is what you're actually asking about. That's gamma, and it goes two ways.
When it's positive across the book, the hedging leans against whatever price is doing. Selling into strength, buying into weakness, all day, just to stay flat. That's the selling you're describing. Ranges stay tight and price sits around the big strikes, and that stickiness is the "magnet" everybody means.
Negative and... it all runs the other way. Buying as it goes up, selling as it comes down. Now the big strikes are places price tears through instead of settles at.
There's a level where the board crosses from one to the other too, which is why the same strike can pin on Tuesday and get run over on Thursday.
So a single strike tells you where the hedging is concentrated. The board tells you which way it leans. Your retest question is both, depending on which side the board is on that day.
And here is where it gets messy. The chain gives you a count of contracts and it does not come with a direction attached. A big call number could be people buying those calls, or people selling them against stock they already own, and those two put the dealer on opposite sides. Every dealer positioning figure you'll ever see rests on a guess about who is short. When the guess is right the story works, when it's off for that strike the whole thing flips and the number looks the same either way.
Indices mostly for me, SPX SPY QQQ, though I do look at individual tickers from time to time. They work fine for this. You just want the chain thick enough that a few hundred contracts doesn't move the picture. The 10 tickers advice is good for a different reason imo... you learn how that one name behaves around its own levels, and that doesn't transfer to the next one.
Numbers over bars, yeah... You're comparing strike to strike and you can't eyeball bar heights for that. TWS is the right call and it's what I have to. TradingView for the chart, chain from your broker, and Cboe has a free delayed one if you want a second look. For me honest answer though is I look at my own thing for this.

I might make a little on my QQQ 730p, if this holds.

Just need QQQ to open under 732 and I'll be sitting pretty.
Bought 35 p contrscts EOD yesterday for .35

I think the key distinction is whether you're entering because the trend is still intact or because you feel like you're missing out.
For me, chasing is buying after a big move without a defined invalidation point. Riding the trend is waiting for some kind of confirmation/pullback and having a level where you’re willing to admit you’re wrong.
On something like QQQ, I’d rather miss the first part of the move than force an entry just because it keeps going up. There are usually multiple opportunities if the underlying trend is actually strong. The hard part is accepting that you don't need to catch the entire move.

Buying $6 green candle on QQQ, paying with butt

VUG and chill. Broader than QQQ so less risky if there’s some kind of tech dump, but also growth and tech focused.

The follow through matters more to me than the initial move here. If that 4.94 to 4.95 area starts acting like support, yields could stay annoying for growth for a while. Moon would be handy for keeping TNX beside QQQ and semis so you can see the reaction across assets instead of watching the yield chart alone.

QQQ not SPY

2 week puts QQQ 695. are you ready?

Definitely buy LEAPS. Personally, I invest heavily into $QQQ, $SPY, & $TSLA LEAPS. I day trade and sometimes swing trade them. With LEAPS or even longer dated options, time is “more on your side” in case your trade goes against you. You’re paying a premium for your thesis to play in your favor. Do not invest into 0DTE or lower dated options. You can make a killing off what I mentioned above. I do this full time and make about $700K last year. No I don’t sell a course, just showing what works for me. Hope this helps.

my QQQ breakout turn into a triple top, fuck this shit