Invesco QQQ Trust Series 1 (QQQ)

[royg1927]

Long RIMM June 145 puts at .76

VERY RISKY.

Still about 3 bucks out of the money.

Gamblers' game.

Edit: Indicators on the 15-minute are pretty consistent with the start of a retrace, especially lower highs on CCI48.

A retreat for RIMM to the center line of the b-bands seems reasonable to expect. That would be about 146.

RIMM has been walking up the upper b-band (underneath the upper line) since yesterday noonish. There's no guarantee that a divergence will come to pass right here. But it will happen sometime.

http://stockcharts.com/h-sc/ui?s=RIMM&p=15&yr=0&mn=0&dy=8&id=p04804972762

The 5-minute chart's indicators look even more like southbound for a little while could be at hand.

http://stockcharts.com/h-sc/ui?s=RIMM&id=p68203823386&def=N&listNum=1




Roy