r/tqqq
Getting Whiplash
Trader faces potential losses on expiring TQQQ options despite MU's strong earnings, but remains long-term bullish with $760K June profits.
- Caught the early June dip, resulting in massive $760K profits for the month.
- Long-term conviction remains strong as the author refuses to sell any positions.
- Short-term market tape is weak, threatening expiring TQQQ options positions.
- Despite MU's blowout earnings, the market failed to rally, indicating underlying weakness.
Only positions going to expiration today. TQQQ current at $72 in the premarket so this is under threat. I was sure this was easy money after MU earnings blowout but the tape yesterday was bad. I’m thinking of whether I will roll this down or just take the loss. Made $28K so far this week but this will probably cut that significantly. Mods took down my post of my result for June so far, maybe it’s the new graphics. I might switch back to the Fidelity version. Currently up over $760K for June having caught the dip in early June. I’m not selling anything and my post are real screenshots in my Fidelity accounts.