As we head into the early innings of earnings season, this year has been off to a shaky start.
Let's discuss how traders can hedge themselves ahead of that using options.
In my opinion, except for Nvidia, there are almost no notable technology companies that have seen significant growth in their revenues last year, or will see significant growth within the next 6-12 months due to AI.
I believe now is the time to pull the trigger on a market hedge using the Invesco QQQ Trust as we head into what could be a turbulent earnings season.
Using the QQQ ETF, which tracks the Nasdaq-100 index, I'm looking out to March and buying the $400/$370 put vertical at a $6.39 net debit.
Persons:
QQQ
Organizations:
Nvidia, Nasdaq