Big Winners In QQQ, TQQQ Can Use Options To Relax More, Skip The FOMO. Here's How.
Summary
- TQQQ, a leveraged ETF, has gained 185% this year but is still below its level from January 2021.
- The article suggests a strategy to take profits off the table while still retaining upside potential.
- By selling shares and purchasing call options, investors can lock in gains and limit downside risk.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of QQQ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
I own QQQ call options
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