$QQQ 260626 703 Put(QQQ260626P703000.US)$Invesco QQQ Trust(QQQ.US)

Not sure why the price action was so choppy today, only traded it briefly. Don't want to hold it anymore.

P&L

Two valid trade rounds:

Round Buy Sell P&L

━━━━━━━ ━━━━━━ ━━━━━━ ━━━━━━━━━

Round 1 3.29 4.13 +$84

─────── ────── ────── ─────────

Round 2 2.96 3.32 +$36

Total Profit: +$120

Total Premium Paid: $625

Overall Return: +19.2%

Chart Analysis

1h: QQQ pulled back from the highs, structure looks weak. 706-708 is short-term resistance, 704.47 is strong support.

5m: Clear downtrend, pressured all the way from 718 to near 705. The Put direction was correct.

The problem is: You entered near the 704-705 support zone, which is chasing the tail end of the downtrend, not the optimal spot right after a high-level break.

Entry Score: 7.3/10

Direction was right, following the 5m downtrend with a Put is fine.

Deduction for the low entry point, already close to the 704.47 support, risk-reward ratio starts to narrow. If it bounces back to 706-708 here, the Put premium will decay fast.

Holding Score: 8.5/10

Exited the first round within 1 minute, the second round in about 10 minutes, both fit the 0DTE quick-in-quick-out style. Didn't hold on stubbornly, that's good.

Exit Score: 9/10

Exited this trade very well.

First round 3.29 -> 4.13, +25.5%, textbook.

Second round 2.96 -> 3.32, +12.2%, profit was smaller but it was right to take it near support.

Overall Score: 8.1/10

This is a qualified QQQ 0DTE trend-following Put. Profit quality is good, the biggest plus was exiting fast; main deduction is entering too close to support, can't get greedy.

Rules for next time:

1. Below 706-708, if QQQ's rebound fails, can continue to look for Puts.

2. When dropping near 705-704, Puts can only be quick trades, cannot hold as swings.

3. Only allow another shot if QQQ breaks below 704 and the pullback fails to reclaim 706.

4. If QQQ reclaims 708, pause the Put idea.

5. After making two profitable rounds like today, don't go for a third unless there's a very clear secondary breakdown.

This trade was more mature than yesterday's: it wasn't made by holding on stubbornly, it was made by correct direction + quick profit-taking.