Trade Alert 1/8/2026

QQQ had a little bit of a “false breakout” yesterday. Often “from false moves, come fast moves”. What that means is that on a false move, often the momentum on the other side is very fast. In this case, pointed downward! So, we are making a couple of changes within the portfolio. First, we will roll-down our DELL short put. Second, we will short some QQQ stock with a tight stop-loss so we don’t risk too much. Third, a new spread trade to profit from further declines. Buy to close:  DELL Jan 16th (monthly) 110.00 strike put Sell to open:  DELL Jan 16th (monthly) 105.00 strike put Debit: 0.77 This takes our prior max reward from the 1×2 put spread down by 0.77 but improves our potential cost basis in the stock if we end up owning it at expiration. Sold short 30 shares of QQQ at 620.74 Placed a Buy to cover stop-loss order for the 30 shares at 628.43 The stop loss is a GTC (good til canceled) order Max risk = 7.69/share x 30 shares = $230.70 Finally, entered into a put butterfly in Snowflake (SNOW) as follows: Buy to open: SNOW April 17th (monthly) 220.00 strike put (ratio of 1) Sell to open: SNOW April 17th (monthly) 190.00 strike put (ratio of 2) Buy to open: SNOW April 17th (monthly) 160.00 strike put (ratio of 1) Debit: 5.35 Max risk = 5.35 or $535.00 per spread Max reward = 24.65 or $2,465.00 per spread