QQQ's rise is in early stages; expected to continue pushing to record levels.
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to be honest, we have been overly optimistic about the Nasdaq 100 index so far. We were so optimistic about the Nasdaq 100 that we talked a lot in our Alpha reports and in our morning live broadcast to course members about the index going straight to new record highs.
We specifically mentioned the buy options on October 16 at a price of 712 about a month ago, around September 14 . Right at the same time that we were in the middle of the tanker strikes.
This option has literally gone up from about $12 to $44 . This means making a profit that is approximately four times the value of this option.
That's why I think we're continuing to push the QQQ index to record levels, and although it may not be a popular opinion, I believe that the rise of Meta, Microsoft, Nasdaq 100 and Nvidia is all still in its early stages.
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Meet Kevin has 7 calls on this stock; only the adjacent ones are shown.