The next few days will continue to be a “cool and fun week” (big swings, lots of earnings reports)
If, like me, you bought the dip in storage stocks and got stuck holding the bag, you could consider hedging with options
Buy 1 SOXL put expiring November 13, 2026, with a strike price of 70
Sell 1 SOXL put expiring November 13, 2026, with a strike price of 60
This creates a spread
If QQQ is going to waterfall down to 338 in Vegas, I’d recommend buying a 0DTE option for the 13th. Intel ($INTC ) and $SNDK will probably keep stinking up the place. In an extreme move, risking a few hundred bucks for a shot at a few thousand or even ten thousand-plus isn’t a bad deal—think of it as buying insurance.
If, like me, you bought the dip in storage stocks and got stuck holding the bag, you could consider hedging with options
Buy 1 SOXL put expiring November 13, 2026, with a strike price of 70
Sell 1 SOXL put expiring November 13, 2026, with a strike price of 60
This creates a spread
If QQQ is going to waterfall down to 338 in Vegas, I’d recommend buying a 0DTE option for the 13th. Intel ($INTC ) and $SNDK will probably keep stinking up the place. In an extreme move, risking a few hundred bucks for a shot at a few thousand or even ten thousand-plus isn’t a bad deal—think of it as buying insurance.