Hedging QQQ Technical Breakdown with TQQQ Put Options

Dear Transformity Ultra Income Investor,

The air has been seeping out of the high secular growth super-high valuation QQQ stocks for a week (except Monday) --right now the key QQQ technical support is broken down.

When that happens we hedge our growth portfolios with put options on the TQQQ for the most bang for our hedging buck.

We are not fortune tellers--but when to 20-day moving average breaks the 50-day and in a VERY expensive QQQ that is leaking a lot of gas, it makes sense to brace for whoosh down as profit/capital protection takes enormous profits from the March 23 bottom.

Here is the chart--the 100-day support line is $85 --which the TQQQ is about to break.

Your call--feel free to ride this out--but we use the TQQQ put options to hedge our managed and personal accounts when technical support is broken down. As we say in the money biz "this QQQ tape feels very heavy--it feels like it needs a big whoosh down on BIG volume to shake out all the weak hands/Wall Street Bets newbies" and find an investable bottom.

Here is our hedging trade:

| TQQQ Mar 12 2021 80 Put (Weekly) UP TO $3.50 | 9 Days to Expiration | |-----------------------------------------------|----------------------|

Bid	Ask	Bid/Ask Size	Volume	Open Interest	Implied Volatility	Time Value
3.30	93X489	1,400	1,613	107.93	107.93	3.40

Toby