TQQQ
ProShares UltraPro QQQ
stock NASDAQ ETF

TQQQ

TQQQ calls does not have a lot of people in it. QQQ calls might be the way to go or go directly into TQQQ.

A 1 **year LEAP call on TQQQ** makes the most sense when you believe all of these are true:
**You expect a strong Nasdaq bull market over the next 12–24 months**, not merely “eventually.”
**You expect the move to be relatively sustained**, rather than a huge amount of sideways volatility.
**The option strike is not excessively out-of-the-money.** Deep ITM or moderately ITM calls generally make more sense for this thesis than cheap lottery-ticket OTM calls.
**Implied volatility isn’t extremely expensive** when you enter.
You are comfortable losing **100% of the option premium** if the thesis fails.

Depends on how you think the market is going to perform.
Right now I have 20k shares with covered calls for 12/18 at a 90 strike for a 6% return. Always give your self a little run way
The market has been flat since may. Earnings are strong. PE ratios are improving. The election will split the house and senate and that’s good for the market. AI is going to grow exponentially and be very disruptive. I expect the nasdaq to grow 20% over the next 12 months. TQQQ will be $120 by this time next year

thats so retraded because.. QQQ Calls would actually do way better than TQQQ calls

I don't understand why why'd buy options on TQQQ. It's just the price of QQQ plus volatility drag

I’ve been trading almost exclusively TQQQ and SQQQ (sometimes shorting TQQQ cause Webull randomly doesn’t allow me to trade SQQQ sometimes) for about 6 months now. I know yall are gonna say that isn’t enough time to be sure I am truly a profitable trader, maybe true, but I definitely think I’m ready to graduate to the real thing and go small. I just got some questions related to day trading that paper trading doesn’t consider.
First of all I plan on using Webull just to keep familiarity and I plan on depositing $15k in cash. If y’all think I should switch platforms with a good reason I’ll look into that too. Also apparently the PDT rule needing $25k is gone? I need to make sure I’m understanding a margin account correctly. Let’s say I got that $15k in a margin account, and I enter a $10k position. Let’s say I sell for a small profit and now my account is $15.05k. But that $10k position is over now, so would I be able to enter another $10k position right away? On a cash account I couldn’t cause the funds have to settle. If I’m on a margin account, as long as I don’t have active positions going over my total account value and I close positions, can I just keep entering trades? This is important for me cause I do ALOT of trades a day.
Another thing I’m concerned and confused about is wash sales. My quick research on it still has me confused, cause some say it’s a big deal and others say it’s pretty much negligible. It can’t be a huge deal cause even the best traders take L’s on trades, do they really just not trade that same thing that they know they have an edge in for 30 days? Something else I’ve read is you can pretty much ignore wash sales as long as you don’t trade in December, or at least not triggering a wash sale in December. I trigger multiple wash sales a day cause I don’t win every trade but I pretty much trade TQQQ only. I need some wise words on this.
I guess those are my main two questions but they’re really important. I’m excited tho, I have the confidence to give this a shot

I’ve lost too much money on trying to time pullbacks with puts. If I’m worried about the market I’ll go cash or dump everything into QQQI like a savings account. If I think it’ll pump back I move back into TQQQ to grab the rip. It’s been working really well. Then I’ve been buying 2-7 DTE calls but only on calm, low IV red days. That’s hit or miss. I probably close too soon instead of letting winners run

TQQQ Inception Date: February 8, 2010

TQQQ calls are locked and loaded for mu earnings

I have genuinely done buy, hold, and sell covered calls on TQQQ over the last 8 years
I have averaged a 28% annual return over that time frame

Whoever has overnight TQQQ calls is about to wake up rich LMAO

I sold my TQQQ calls at close but atleast I have high beta calls ik October would be pumpy

I trade a simple RSI mean reversion system on the TQQQ daily charts. Very simple, easy, and boring. But great returns (for my risk levels).

TQQQ is doable if you manage the risks (i.e., 9 sig)

all in TQQQ calls in the morning expiring friday

No risk: SGOV (3.6% annually, ties inflation)
Low risk: VT (is a bet on the world economy, which I personally wouldn't participate in)
Medium risk: SPYM/VOO (bet on America)
High risk: SPMO, QQQM (bet on profitability of AI/tech sector)
Crazy risk: QLD, SPUU (huge short term bet on tech/America)
Genuinely do not do this: TQQQ, SPXL (yoloing everything and you would lose it all in a crash)

This is kind of confusing but shouldnt TQQQ be +15 points since its basically triple what QQQ is?
Doesnt this mean its better to just buy QQQ and you will get better gains than TQQQ?

TQQQ

1m on VT or TQQQ