NASDAQ: Strong Trend, Strong Fortune
Some Fortunes Have Been Made Following Trends.
Executive Summary
The short premium strategy acknowledging the descending trend beats the long LEAPS strategy for now.
Let’s wrap a slightly bearish straddle1 around the NASDAQ descending channel.
1. Why Do I Care Right Now?
I am dying to publish a long-term LEAPS trade to mix things up.
Rant Around Trade Vs. Investment Farce
A long-term LEAPS trade could potentially qualify as an investment, not just a trade. Maybe not. I guess investments are for slower-paced, more inactive, and comfortable market participants with not too much time at hand. Even the MacroDoζer LEAPS strategy has to be managed. We do not sit around and wait until the market comes to us; we hold its hands, run around, and dance together as young couples do. We call it active money creation; we live and breathe markets, so let’s stick to the trade & trading terminology.
I have looked closely at two broader equity markets that might be at inflection points, breaking multi-month downward trends with liquid enough option chain…
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