SQQQ
ProShares UltraPro Short QQQ
stock NASDAQ ETF

18 war ships parked on Iran’s doorstep… obviously this was coming. Put op’s thru roof last month. SQQQ short up 14% this month. Big down turn today. We have it at 75% this will be very short strike.

Calls on SQQQ

Reading all this, I understood that the major issue with QQQI is the downside. 2 comments here:
1. Last April, it dropped 20% as the Nasdaq and fully recovered without any NAV erosion (54-> 42-> 52)
2. What about sorting the Nasdaq at its highs, with let's say SQQQ to even better protect from the downside and hedge the QQQI position.
Comments welcome!
PS I am also an owner of QQQI

My experience with the wheel is that it's a statistical equation which can go against you at some point and negate the gains of several weeks/months in one instant. Here's an approach that has worked for me. You can wheel it or you can half wheel it. Check out an index and their Inverse. I.e. TQQQ and SQQQ. Both move in opposite directions. Design a system around BOTH that takes away the guessing game. It works for me. I don't need filters, charts, signals, ... Only sell Calls and Puts or sometimes buy shares directly and sell Covered Calls to exit. It takes time to figure out how to make it work consistently. But once you have your system, you are set. Some people might say that it's Not really the Wheel...but it doesn't matter.

Put 60k on SQQQ eod. Cashed out already

Give me about 10 more days of -1% or more on QQQ. I then exit my SQQQ positions on a nice profit and enter more into TQQQ.
That is all. Thank you.

SQQQ 73C leaps and VIX 18C 🤙

QQQ downtrend last year started a few days after NVIDIA earnings.
I bought SQQQ calls and long on Friday the week before when QQQ touched 599.
As for the earnings, every tech and tech services stock as dumped after earnings. How could it be any different for Nvidia?

The only thing that seems to be skyrocketing right now is $KORU, week after week solid green candles.

My SQQQ and BRK are making up for yesterday