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QQQ Nasdaq 100 ETF Options ahead of the FOMC decision
Invesco QQQ Trust, Series 1
Short
QQQ Nasdaq 100 ETF Options ahead of the FOMC decision
By TopgOptions
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Mar 19
3
Mar 19
After the 2023 Price target was reached for QQQ:
Now Powell's likely to take a hawkish stance tomorrow, given the CPI, PPI, and GDP data.
Interest rate cuts probably won't happen before June, in my opinion, potentially causing both indices and the crypto market to decline.
I would consider purchasing the 416usd strike price Puts with
an expiration date of 2024-4-19,
for a premium of approximately $2.55.
My end of the year Price Target for QQQ, the Nasdaq 100 ETF, is $470.
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QQQ Nasdaq 100 ETF 2023 Forecast. CPI Report Prediction
by TopgOptions
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