#15 BUY 10,000 SQQQ Sept 18 Long 4 Puts @ .02
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Description
Take a million dollar bet on 10,000 long puts of SQQQ Ultra Short ETF for only $20,000 or $50,000 at the market. You control 1,000,000 shares of SQQQ for only...
show moreYou control 1,000,000 shares of SQQQ for only $20,000 plus commissions.
A one point move by September 18 will pay $1,000,000.
A smaller bet of 1,000 long puts of SQQQ for $2,000 or $5,000 at the market
gives you control of 100,000 shares and $100,000 per point.
These options are way out of the money so the risk is running out of time by September 18.
A safer bet is a long SQQQ Straddle
B 100 Long Sept 18 SQQQ Calls @ 1.55
B 100 Long Sept 18 SQQQ Puts @ 1.50
At SQQQ 4 you'll make $10,000 per point or $40,000
At SQQQ 12 you'll make $10,000 per point or $40,000
Information
Author | Daily Chedda |
Organization | Daily Chedda |
Website | - |
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