QQQ: A sharp drop tomorrow# Stock
o*n
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Tomorrow is the last trading date for September 2014 monthly options.
The manipulators normally would move the stock price to a point that profits
that small investors have made in
options will be destroyed.
QQQ is now trading around $100.16 near the 52 week high of 100.46.
The current pain number, calculated based on option actions since August
Option expiration, points to a possible sharp drop in QQQ tomorrow.
The weekly pain, calculated based on option actions in the past few days,
points to an even sharper drop of QQQ tomorrow.
Please be prepared for a sharp down turn tomorrow for your portfolio.
The manipulators normally would move the stock price to a point that profits
that small investors have made in
options will be destroyed.
QQQ is now trading around $100.16 near the 52 week high of 100.46.
The current pain number, calculated based on option actions since August
Option expiration, points to a possible sharp drop in QQQ tomorrow.
The weekly pain, calculated based on option actions in the past few days,
points to an even sharper drop of QQQ tomorrow.
Please be prepared for a sharp down turn tomorrow for your portfolio.