AFTER 19 YEARS OF TRADING THE QQQ'S WE SEE SEVERAL SIMILAR PATTERNS. ONE PATTERN IS FRIDAY'S OPEN BELOW THURSDAY'S LOW.
WHAT WE EXPECT IS AN INITIAL BOUNCE OF $2.00+ AND WE WILL BUY 275 CALLS SOON AFTER THE OPEN.
THEN WE WILL BUY 276 PUTS AND THEN SELL OUR 275 CALLS ONCE QQQ FAILS TO MAKE HIGHER HIGHS.
WE WILL SELL OUR CALLS IF QQQ ACCEPTS BELOW VWAP OR WE WILL SELL OUR PUTS IF VWAP REJECTED.
IF FRIDAY'S LOW > -$2.00 FROM OPEN PRINT THEN FRIDAY'S CLOSE WILL BE BELOW FRIDAY'S OPEN