The QQQs had a down day

So I did my own version of a double down trade. [fstp, logo, header] June 20, 2024 [ag views, logo, header] The QQQs had a down day.  So I did my own version of a double down trade. 2024, at least the first 6 months, has seen the relentless climb in tech from AI potential.  I am not sure who is making money from it save Nvidia Inc. (Ticker: NVDA) and Palantir Technologies Inc (Ticker: PLTR) but investors cannot get enough. In Oct of 2022, the Invesco QQQ Trust (Ticker: QQQ) was $250 as it erased most of the COVID gains. Then AI came around and NVDA was up 10 fold from there. Just since Oct 2022. Now the QQQ is looking at $500 and it is in its sights. The QQQ has had sneaky upside volatility with 3-4 day ranges of $20 or more. The range is mostly up. That shows up as a lower realized volatility but still has a powerful option move. [ded] The only news I saw is that Apple Inc (Ticker: AAPL) is not going to rush the Vision Pro gizmo into production. And Uncle Sam is paying $1Trillion with a T in interest payments per year. This brief selloff is just a temporary setback in QQQ getting to $500. Mark it here. I bought some 500 strike calls for midsummer. When the market wants to rally on everything, best to jump on the ride. - AG  [logo, pit profits] - Trade Desk - TRD Closed DELL CALL BUTTERFLIES Jun28 155/170/185 call flies with a DELL put for 60% gain Want to find YOUR winning fit? Give our Customer Care Team a call at [1-888-872-3301](tel:/1-888-872-3301) Monday-Friday from 9 a.m. - 5 p.m. EST. Or email them anytime at [support@optionpit.com](mailto:/support@optionpit.com)  [fomo, header, logo,] The market Doubles Down on NVDA and MSFT Yo Pit Crazies, Mark and Hannah (The lady behind OPU) went live todayto discuss the Double Down strategy coming to a trading room in OP real soon.  [Watch it here!]( It is another day with a Y so Nvidia Inc (Ticker: NVDA) and Microsoft Corp (Ticker: MSFT) rallies. The market was not happy with 1 Three Trillion Dollar Market Cap company so they went for two. Doubling down this past week to pump up the AI machine. Heck I thought it would take until Friday to get to 5500 SPX but it appears it is happening today. [ded]( I know it sounds crazy, but it could get crazier. [Let’s see why that is.]( - Mark --------------------------------------------------------------- Want to get Mark's Trader's Edge updates directly to your inbox?[Click this link to sign up!](  [fpri] CBO Confirms Deficit Disaster Hey Income Hunters, Monday I layed out the disaster awaiting the markets … Government spending is set to increase no matter who wins the election in November … Meanwhile, any increase in spending will not be met with an equal increase in income (Tax Receipts). For the real data behind an exploding US deficit check out Monday’s article [hereÂ](. Then today the Congressional Budget Office (CBO) revealed a $400 billion increase in the budget deficit for 2024 to $1.9 trillion. That is really bad news when you consider how much further it will widen, when Biden and Trump make promises to buy votes in November. This latest announcement may be enough to cause a drop in the markets into month-end. [We’ll take a look at levels here …]( - Bill --------------------------------------------------------------- Never miss an edition of Bill Griffo's Power Income Newsletter ever again. [Click this link to sign up!](  [fpip] Let's Double Down Hi Shoppers, Ever notice how the healthy foods seem to be more expensive in the grocery store? My husband has become a health nut the last couple years and is always looking for the healthiest version of everything. Take snacks for instance. We always need to snack on something crunchy. These are our favorite chips: [ded] They are not cheap at $5.69 a bag! So when they go on sale, like they did yesterday, to $3.99 he scoops them up. He literally doubles down. [Hannah Selner and Mark Sebastian revealed their Double Down Meter today and you need to see it.]( They will walk you through the following: - How They Created The Double Down Meter - Exactly How They’re Pinpointing When to Double Down - How To Create a “Cash Zone” On Every Trade to Know Exactly Where the Stock Needs to Move for You to Win - The Simple 3-Step Process to Set Up Your Cash Zone - How You Can Apply This to Increase Your Portfolio Returns 50% ASAP Super exciting stuff, I know I will be there. [Secure your spot, too!]( [On to my new trade idea in Cameco Corporation (Ticker: CCJ).]( - Licia --------------------------------------------------------------- Join Licia's trading community and start receiving her Profits In Pumps Newsletter. [Click this link to sign up!](  Don't miss when our traders go live! Get an alert everytime we open the live rooms to all of our readers for free by selecting the calendar you use below. 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