SQQQ
ProShares UltraPro Short QQQ -3x Shares
stock NASDAQ ETF

This is the biggest pump and dump in history. Quant firms sparked the rallies and got retail and other firms to chase. Took advantage of AI hype. Lets see how this looks in a month. All in SQQQ at the top today.

So does TQQQ, so do all leveraged ETFs. Look at the 5 year chart of SQQQ. Look at the big spikes. It's been flat and down for a long time now, though...

u/pennyether made a comment about how liquidity isn't talked about anymore. According to the liquidator chart that I use - the first false buy signal seemed to have happened on Friday April the 28th. The SPX was at 4170ish and the liquidity dropped to signal it's time to go short.
https://preview.redd.it/s7xhg5afs13b1.png?width=1366&format=png&auto=webp&v=enabled&s=cbbc3808e0dd8d230a4e798cf052e5a43c9aaee3
There could be time for the position to recover if your puts are dated (60-90DTE) long enough but unfortunately due to tech crushing - a SQQQ (which is what I've used in the past or TQQQ for bullish) position would be getting beat down at the moment.

tbh i think now is the time to actually buy SQQQ, but only for a short term trade

It's not bru....I've just been accumulating SQQQ. That's my "set and forget." The AI pump is going to be really short-lived imo. Could be wrong but honestly we've had a series of manias the past several years. That pretty much always ends in disaster

You introduced her to stocks and she chooses SQQQ??? What exactly did you tell her?? And you didn’t mention spreading eggs in multiple baskets??

Should have entered earlier in the day, but grabbed some SQQQ 6/2 $21.5p

I'm okay with owning some SQQQ here so I'll probably let it get assigned if ITM

Aka I'll completely change my mind when it does get ITM and probably convince myself I didn't ACTUALLY want to own it at that price

STO CSP $MRO 6/2 22 cause I don't know what to do with this market.
Rolled CSP $SQQQ 6/2 28.5 to 6/30 28.5 Cause I the underlying ETF is 22, and I am in deep red.
Still wait every day for October CSP $TSLA 185 to expire. Its a long 5 month wait.

To lose 500k in SQQQ So she invested about 1 million dollar? She must be a millionaire and probably have more millions in savings.
I would say, consult financial advisor and no DIY anymore.

long SQQQ

I SQQQ when I should have TQQQ 3 weeks ago :(

She will never get her money back on SQQQ. Tell her to short it. That at least might pique her interest.

Rule #1 is never give family or friends financial advise. But so long as it wasn't you that told her to buy SQQQ, there is nothing you can do about it. You never hold a fund like that long term.

[Option Summary](https://preview.redd.it/8s9yggqufz2b1.png?width=3180&format=png&auto=webp&v=enabled&s=483f32b2c72413f443f7d5b45d4fc49ed607126f)
## Most Bearish
Most directionaly bearish. Long puts or short calls.
|Stock/C/P|Direction|Put Premium|Call Premium|E.R.|Efficiency|
|:-|:-|:-|:-|:-|:-|
|FL/26/26|\-53.27|0.88|0.88|0.0|80.4|
|YINN/31/31|\-39.11|1.02|0.98|0.0|90.5|
|SE/60/58|\-36.23|0.7|0.7|0.0|95.0|
|SQQQ/22/22|\-35.27|0.93|0.96|0.0|96.1|
|ULTA/415/405|\-34.6|1.47|1.43|0.0|91.0|
|ASO/48/48|\-33.37|1.22|1.24|6.0|88.1|
|NTR/55/53|\-30.99|1.03|1.08|0.0|86.1|
|NUGT/35/35|\-30.32|1.05|1.1|0.0|88.7|
|JNUG/34/34|\-29.39|1.05|1.03|0.0|86.6|
|NEM/40/40|\-27.07|1.38|0.73|55.0|88.1|
## Most Bullish
Most directionaly bullish. Long calls or short puts.
|Stock/C/P|Direction|Put Premium|Call Premium|E.R.|Efficiency|
|:-|:-|:-|:-|:-|:-|
|AI/38/38|89.22|3.46|3.35|0.5|95.3|
|UPST/26/26|64.91|1.26|1.22|0.0|94.7|
|SOXL/23/23|63.62|1.21|1.2|0.0|93.8|
|MRVL/62/60|58.64|1.12|1.13|0.0|96.3|
|NVDA/415/400|54.43|1.14|1.23|0.0|97.9|
|AVGO/880/850|47.37|3.56|3.7|2.0|93.6|
|AMD/126/124|42.67|1.13|1.17|62.0|97.4|
|TQQQ/35/35|34.32|0.99|0.99|0.0|98.2|
|ZS/135/133|33.93|1.86|1.86|0.0|96.9|
|ANF/30/30|32.4|0.91|0.94|0.0|77.3|
## Cheap Calls
These calls offer the lowest Call Premium (Call IV / HV). Buy calls, debit spreads, straddles or strangles.
|Stock/C/P|Direction|Put Premium|Call Premium|E.R.|Efficiency|
|:-|:-|:-|:-|:-|:-|
|EWG/28/28|\-10.44|1.26|0.55|0.0|90.3|
|THC/75/65|3.13|0.7|0.61|50.0|64.8|
|PXD/205/200|\-16.85|1.38|0.61|62.0|84.9|
|WAL/34/34|2.65|0.65|0.63|50.0|86.4|
|META/270/260|23.95|0.64|0.68|56.0|98.1|
|CMG/2100/2100|13.04|0.69|0.69|55.0|87.4|
|SE/60/58|\-36.23|0.7|0.7|0.0|95.0|
|ALGN/290/280|\-18.46|0.77|0.72|57.0|83.4|
|NEM/40/40|\-27.07|1.38|0.73|55.0|88.1|
|BDX/250/230|\-11.86|1.09|0.73|0.0|67.7|
## Cheap Puts
These puts offer the lowest Put Premium (Put IV / HV). Buy calls, debit spreads, straddles or strangles.
|Stock/C/P|Direction|Put Premium|Call Premium|E.R.|Efficiency|
|:-|:-|:-|:-|:-|:-|
|IVV/426/418|18.41|0.2|1.37|0.0|75.7|
|META/270/260|23.95|0.64|0.68|56.0|98.1|
|WAL/34/34|2.65|0.65|0.63|50.0|86.4|
|CMG/2100/2100|13.04|0.69|0.69|55.0|87.4|
|SE/60/58|\-36.23|0.7|0.7|0.0|95.0|
|THC/75/65|3.13|0.7|0.61|50.0|64.8|
|FUTU/37/37|\-23.97|0.73|0.76|6.0|94.5|
|RBLX/39/39|2.88|0.77|0.78|0.0|95.4|
|AAPL/180/175|8.76|0.77|0.77|0.0|98.6|
|EXAS/83/81|22.62|0.77|0.74|0.0|83.9|
## Expensive Puts
These are priced expecting the underlying to move down more than it has in the past. Sell puts, credit spreads, or cash secured puts.
|Stock/C/P|Direction|Put Premium|Call Premium|E.R.|Efficiency|
|:-|:-|:-|:-|:-|:-|
|AVGO/880/850|47.37|3.56|3.7|2.0|93.6|
|AI/38/38|89.22|3.46|3.35|0.5|95.3|
|HRL/38/38|\-7.68|3.19|3.19|0.0|85.6|
|DG/205/195|\-12.46|3.19|3.02|0.0|91.9|
|CRM/220/210|13.67|3.01|3.03|0.0|98.7|
|AAP/112/110|\-16.11|2.97|3.0|0.0|94.9|
|AMBA/81/79|25.11|2.97|2.94|0.0|93.3|
|FIVE/175/170|\-18.53|2.71|2.71|7.0|94.0|
|HPQ/31/31|5.28|2.7|2.7|0.0|96.5|
|OKTA/89/87|21.52|2.69|2.74|1.0|97.0|
## Expensive Calls
These are priced expecting the underlying to move up more than it has in the past. Sell calls, credit spreads, covered calls.
|Stock/C/P|Direction|Put Premium|Call Premium|E.R.|Efficiency|
|:-|:-|:-|:-|:-|:-|
|AVGO/880/850|47.37|3.56|3.7|2.0|93.6|
|AI/38/38|89.22|3.46|3.35|0.5|95.3|
|HRL/38/38|\-7.68|3.19|3.19|0.0|85.6|
|CRM/220/210|13.67|3.01|3.03|0.0|98.7|
|DG/205/195|\-12.46|3.19|3.02|0.0|91.9|
|AAP/112/110|\-16.11|2.97|3.0|0.0|94.9|
|AMBA/81/79|25.11|2.97|2.94|0.0|93.3|
|OKTA/89/87|21.52|2.69|2.74|1.0|97.0|
|FIVE/175/170|\-18.53|2.71|2.71|7.0|94.0|
|HPQ/31/31|5.28|2.7|2.7|0.0|96.5|
## Highest Premium
These options offer the highest ratio of implied volatility (IV) relative to historical volatility (HV). Sell iron condors, straddles, or strangles.
|Stock/C/P|Direction|Put Premium|Call Premium|E.R.|Efficiency|
|:-|:-|:-|:-|:-|:-|
|AVGO/880/850|47.37|3.56|3.7|2.0|93.6|
|AI/38/38|89.22|3.46|3.35|0.5|95.3|
|HRL/38/38|\-7.68|3.19|3.19|0.0|85.6|
|DG/205/195|\-12.46|3.19|3.02|0.0|91.9|
|CRM/220/210|13.67|3.01|3.03|0.0|98.7|
|AAP/112/110|\-16.11|2.97|3.0|0.0|94.9|
|AMBA/81/79|25.11|2.97|2.94|0.0|93.3|
|OKTA/89/87|21.52|2.69|2.74|1.0|97.0|
|FIVE/175/170|\-18.53|2.71|2.71|7.0|94.0|
|HPQ/31/31|5.28|2.7|2.7|0.0|96.5|
## Most Efficient
These underlyings have the best liquidity and offer the least slippage, tightest spreads and the cheapest cost of a round trip trade. Scalp or swing trade these directionally.
|Stock/C/P|Direction|Put Premium|Call Premium|E.R.|Efficiency|
|:-|:-|:-|:-|:-|:-|
|QQQ/354/346|14.06|1.02|0.98|0.0|99.2|
|GOOGL/124/122|18.75|0.93|0.98|55.0|98.8|
|AMZN/122/120|19.09|1.0|1.02|57.0|98.7|
|CRM/220/210|13.67|3.01|3.03|0.0|98.7|
|AAPL/180/175|8.76|0.77|0.77|0.0|98.6|
|GOOG/125/123|18.37|0.89|0.92|55.0|98.5|
|SHOP/60/58|15.32|0.83|0.82|0.0|98.4|
|DVN/46/46|\-14.06|0.95|1.03|0.0|98.3|
|TQQQ/35/35|34.32|0.99|0.99|0.0|98.2|
|TSLA/205/195|21.4|1.03|1.08|49.0|98.2|
## Upcoming Earnings
These are high risk high reward option plays where you can buy or sell the expected move.
|Stock/C/P|Direction|Put Premium|Call Premium|E.R.|Efficiency|
|:-|:-|:-|:-|:-|:-|
|CHWY/30/30|\-10.33|2.4|2.48|0.5|97.5|
|AI/38/38|89.22|3.46|3.35|0.5|95.3|
|MDB/295/285|23.97|2.1|2.13|0.5|97.1|
|LULU/340/330|\-13.71|2.54|2.57|1.0|97.1|
|NTAP/70/68|10.66|2.68|2.54|1.0|89.9|
|RH/250/245|\-2.68|0.94|0.98|1.0|84.8|
|OKTA/89/87|21.52|2.69|2.74|1.0|97.0|
|CRWD/160/150|24.12|2.64|2.66|1.0|97.5|
|DELL/48/48|11.27|2.65|2.65|2.0|92.4|
|AVGO/880/850|47.37|3.56|3.7|2.0|93.6|
* **Historical Move v Implied Move:** We determine the historical volatility (log variance of daily gains) of the underlying asset (HV) and compare that to the current implied volatitlity (IV) of the option price. This is used to determine the Call or Put Premium.
* **Expiration:** 2023-06-02.
* **Call/Put Pricing:** How much extra you are paying for IV relative to HV. Low numbers mean "cheaper." High numbers mean "expensive." A 1 means "fairly" priced.
* **Efficiency:** This the bid/ask spreads and the depth of the order book relative to the price and approximates the cost of a round trip trade. Lower numbers are less efficient than higher numbers.
* **E.R.:** Days unitl the next Earnings Release.
* **Direction:** This ranges from -100 (bearish) to +100 (bullish). It accounts for RSI, trend, moving averages and put/call skew over the past 4 weeks.
* **Why isn't my stock on this list?** It doesn't have "weeklies", the underlying is "too cheap", or the options markets are too illiquid (open interest) to qualify for this strategy. 480 underlyings are used in this report and only the top results end up passing the criteria for each filter.
* **How should this be improved?** Do you have any suggestions or notice any bugs with this report?

Tech is just a fad!
But yeah no idea how you can hold SQQQ and not expect to get steamrolled

I fell into that trap myself. SQQQ is meant for day trading. In the AM the Wall Street roof fell (e.g. 911, Covid) you buy and sell at mid day. SQQQ can technically go to zero if holding too long. It will do a reverse split to dilute the price. Her $20 SQQQ(as an example) became $4 etc. She should sell at loss before it becomes worthless. Show her that.

congrats bulls i have officially capitulated as a dum bear, sold SQQQ -58% overall

SQQQ is down almost 50% over the last 6 months so her NW was probably around 1.2m

If it's really roughly a 4 month timeline, sounds like she put 1-1.5 mil in SQQQ?

Hmmm SQQQ is to expensive still Ill wait to scoop when it hits 10 dollars 😂😂