ProShares UltraPro Short QQQ (SQQQ) Options

I've started a new YouTube channel for beginning stock market investors, logging my buys and sells, for those interested: https://www.youtube.com/@NormRasmussen-w2x

Picked up some shares at $29.03 moments ago. Chart says it's time to BUY.

$$$$

Eyeing that CHART & knowing the longer-term downtrend is breaking.... Question is how much channeling & sideways before this BREAKS OUT.... Could be VERY SOON with Trump incoming.

Tariffs & Tax Cuts could make this a BIG WINNER in 2026 & beyond as inflation SOARS.

Trump (& Co) did a GREAT JOB pinning inflation on Biden but I think people UNDERESTIMATE his Tax Policy, Record Corp profits, failure on Covid that created MASSIVE MONEY SUPPLY -- & set the course for SKYROCKETING DEBT with SPIKING INFLATION -- remember, Obama handed him ~1% stable inflation, less than 18months into Biden-Harris inflation SPIKED TO (gov't table) HIGH of 9.1% & has declined since... Hard to say that was Biden's FAULT & yet -- that's PRECISELY what Trump got THE WORLD to believe. I think it was him & his policies, just like the ECONOMY Trump inherited was due to Obama's policies, hard-work, execution & efforts.... Trump will mess this up... AGAIN! And I think SQQQ could do VERY WELL in the coming 2-6yrs as Trump DEVASTATES, grifts, & does what he does...

Interested NOT so much in the political commentary (responses) but price predictions if anyone has any... Where do folks think the BOTTOM is here... Guessing we'll see sometime around inauguration but...

Sold SQQQ over $.30 going into the weekend. So much manipulation going on in the Indexes right now it's very risky to hold over the weekend IMO.

Picked up some shares under $30.

Holding S shares from Friday. Liking the Futures so far this Sunday evening.

Watching. Expecting $SQQQ to start making strides

Complete the bow tie and take it to 52:)

Maybe small bounce tomorrow
They not gonna pay the OPEX much

I think my time is up on this one will hold and trade through the gap fill……not charting this anymore

Best to all.

💲QQQ

Let’s see if the Q can hold 1️⃣9️⃣0️⃣0️⃣0️⃣
People love shiny toys and round numbers

💲QQQ for the win

Talk is cheap right now
Reactions are over

This market needs to be inherited at a lower starting point in Jan

OPEX will keep this market in check until Friday as today’s trading showed and made for good trading on this one again

💲QQQ

Oh yes 
We are in the right place!!!!

Well if the market is truly futures based, and it sees that Trump going to wack the poop out of government spending, maybe we is early?

We either stay relatively flat to Friday expiration or we get paid
They won’t pay the masses if these rallies have actual participation.
I haven’t gotten a lot of those I am rich calls lately plus with the coins flying so …

💲QQQ

Will be and always will be boom bust economy. Greatest casino in the world;)

Too many on 📺 telling us how they knew nothing goes up in straight line
😘 of ☠️

💲QQQ

Oh no 
Lucky got in
Means we going to 50:)

crazy back and forth post split


18.500 target on the Q 🤞🏼

💲QQQ

Picked some up just under $32. Nasdaq looks top heavy.

We are in the pivot area
Next few days ⏰ should show us the direction
New trend or continuation?

💲QQQ

We are in the crash zone I believe 

With you on that
Not in this for a lifetime trade been flipping it for a few months now while I was reading it right going into the election.
Once they announce the rs they took the trade away. The good thing is this is NAV and not the typical reverse
I think we only get correction up to swearing/ end q1 area then back to new ATH.
💲QQQ

https://x.com/natseccnn/status/1854950853309792477?s=46
Yep government is full of morons still.

Yes there is oops in coming market corrections I now feel it ain’t here.

The short on 08-09 made a ton of $$$, but I can't remember what we were playing. I don't think sqqq was around then. I think we see 50 as well. This still is bidens economy. Thinking they have a few tricks up their sleeves for the next administration, unfortunately.

sure it will go up, but the former top is way above what would be achievable before as far as return on investment, it should be called amateur short, pros will go elsewhere when Naz really corrects.

I think this has no problem going 50-60+
Which is 10-12 pre split

Basket may actually work against nvda
The other reactions will or have calmed down

Dow 20 point correction to 33-34 at least before next run above 50

Can’t see new admin coming in at ATH …

💲QQQ
🎰🎰🎰

Me too.
Sold before the split and the 🔪 continuation .
Hated to give back some profits. Bought back today late afternoon.
Figure 3 day election reaction and reshuffle for nvda should run it’s course tomorrow + the others that got hammered last week

Good luck.

cant make up for the reverse split, no matter how high it goes, its just as it always was, just a trade

Buying 
Good luck 

Should have waited for the gap fill to get back in
but now we have a new one
💲QQQ for the win

I just twisted the 🍪 near my ear
& pushed all in

💲QQQ said pay dat man hiz munny

Now or after RS?

SQQQ is bullish here with nasdaq downturn coming

Took a profit from my T shares and jumped back into SQQQ. Expecting the unexpected going into next week.

Took a profit from my T shares and jumped back into SQQQ. Expecting the unexpected going into next week.

Don’t think we gonna hit that gap today

Looks like hot 🥔 Friday
Don’t get caught when the 🎶 stops

💲QQQ

Just need this dead cat to bounce a bit more

7️⃣ 7️⃣ 7️⃣ come on kryptonite

💲QQQ

Let’s see if we can get that gap to fill low 7️⃣ one more time on the short term oversold before double digits
happy trading
💲QQQ

A lot of falling 🔪 out there

💲QQQ

Apple reports later. Gap below at 216.90

Amazon later too …

decisions 🧐 decisions 🤔

Jumped out of S and put proceeds into T.

💲QQQ

Great flip from yesterday. Will wait to see if gaps are filled maybe quick retest of Q peak while some of those that got pounded last night retrace.
Anything low 7️⃣ for the win next few days before the 1️⃣-5️⃣

If Pres. Biden was suddenly to expire, WHO would automatically replace him? Could his replacement be used to DELAY the Nov. 5th election? Could her as President before Nov. 5 be used as a "delay tactic" to potentially sway the next four years?

"Hmmmmmmmmmmmmmmmmmmmmm" mumbles my talking parrot who only speaks Spanish because he just recently made it safely over the southern border.

I nabbed some S this early morning at $6.87.

I'm sticking very close with SQQQ moving forward due to the upcoming election issues. The PPT will try to keep the Nasdaq green I'm guessing but "emergencies" can pop up quickly to trigger quick selloffs in the Nasdaq.

interestingly enough it sat a 6.66 for a bit yesterday. ooh ahh oh no, who knows, is that bottom, we see.

It’s a round number split that will adjust

Next 7 days before the split gonna b 🥜 anyway beginning with that earnings call after the close 👻👻👻

💲QQQ for the win

💯 brother so annoying. I have some Jan options no shares and I have never experience a reverse split on a option before

They do the reverse when it’s time to start going back up and the volatility is crazy rn

MFers never let you buy in size when it’s lower


💲QQQ

Sqqq is doing a reverse split 1:5. Never been in a etf that reversed split before. Any one can shine some light how this would look like thanks


Reverse Splits

ProShares will implement reverse splits for 19 ETFs at the following split ratios:

Ticker
ProShares ETF
Split Ratio
Old CUSIP
New CUSIP
SMN
ProShares UltraShort Materials
1:2
74347G614
74347G226
SSG
ProShares UltraShort Semiconductors
1:5
74349Y860
74349Y779
EFU
ProShares UltraShort MSCI EAFE
1:2
74348A475
74349Y738
EPV
ProShares UltraShort FTSE Europe
1:5
74348A434
74349Y720
SDP
ProShares UltraShort Utilities
1:2
74347G721
74347G218
SQQQ
ProShares UltraPro Short QQQ
1:5
74347G432
74347G192
BITI
ProShares Short Bitcoin ETF
1:5
74347G291
74347G184
ZSL
ProShares UltraShort Silver
1:4
74347Y847
74347Y722
DUG
ProShares UltraShort Energy
1:4
74347G358
74347G176
TWM
ProShares UltraShort Russell2000
1:5
74347G689
74347G168
SEF
ProShares Short Financials
1:4
74347B185
74349Y761
EWV
ProShares UltraShort MSCI Japan
1:4
74348A459
74349Y712
SKF
ProShares UltraShort Financials
1:4
74347G382
74347G150
SH
ProShares Short S&P500
1:4
74347B425
74349Y753
SRS
ProShares UltraShort Real Estate
1:4
74347G556
74347G143
BOIL
ProShares Ultra Bloomberg Natural Gas
1:5
74347Y763
74347Y748
EUM
ProShares Short MSCI Emerging Markets
1:2
74347R396
74349Y746
VIXY
ProShares VIX Short-Term Futures ETF
1:4
74347Y789
74347Y730
SDOW
ProShares UltraPro Short Dow30
1:4
74347G648
74347G135
All reverse splits will be effective prior to market open on November 7, 2024, when the funds will begin trading at their post-split prices. The ticker symbols for the funds will not change. All funds undergoing a reverse split will be issued new CUSIP numbers, listed above.

The reverse splits will increase the price per share of each fund, with a proportionate decrease in the number of shares outstanding. For example, for a one-for-five reverse split, every five pre-split shares will result in the receipt of one post-split share, which will be priced five times higher than the NAV of a pre-split share.