Options Hotline Reco Update, FYI:

qqq chart

Chart by Steven Sarnoff, h/t stockcharts.com

+439% in less than two months on our recommended QQQ March $215 put, with an always known and strictly limited risk!

Our protective put is performing its prescribed role for our readers.  In today’s session, the Nero Adminstration’s inept response to the coronavirus pandemic, OPEC’s epic oil fail, and absurdly low Treasury yields accompanied an accelerated market slide.

As you can see on my daily candlestick chart above, price has reached potential support from a longer-term moving average.  Today’s candle could be the sign of a turning period for a rebound.  It could also catapult price lower, so we will watch for the message subsequent action sends.

Our recommended put option on the Nasdaq-100 index was triggered in mid-January at $4.29 and traded today at $23.12.

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Best regards,

Steve

P.S.  Keep calm and wash your hands.