To The Moon

QQQ calls and puts appearing on the same profit list already catch the eye. What if they share the same strike and expiry too?

Elite champion saintkf realised profits on both the QQQ 740 call and 740 put expiring on 1 October. His two largest winning contracts were also a call and a put, with less than US$100 separating their profits.

Which contracts did he choose, and what opportunities might he have captured in this single ETF?

Quick recap of last week's rankings:

Prestige Top 3: 🥇@Lingg07 , 🥈@Jianzhang , 🥉@Kaya21

Elite Top 3: 🥇@saintkf , 🥈@saggicool , 🥉@dsv69

Team Top 3: 🥇o.o, 🥈DCA, 🥉AIPIA

Full leaderboards at the end 👇

Top Trader Breakdown | saintkf

Trade Performance

• saintkf topped the Elite leaderboard with a 1,050.21% time-weighted return and a 12.02% maximum drawdown.

• All five entries on his weekly profit list were QQQ options, with expiries from 29 September to 2 October. $Invesco QQQ(QQQ)$

Trade Breakdown

The biggest call and put winners were almost level

The 740 call earned about US$2,010, while the 754 put made around US$1,970. Both contributed substantial profits, and the other three winning contracts also involved QQQ.

From the 737 call to the 754 put, his listed profits spanned different strikes and expiries, all centred on the same ETF.

Same 740 strike, profits on both sides

On 1 October, when the 740 call and put expired, QQQ traded between US$736.25 and US$744.67, moving above and below the 740 and 742 strikes. This suggests he may have traded moves in both directions at different stages.

The 754 put: another winner as QQQ recovered

After an early-week dip, QQQ recovered to an intraday high of US$754.54 on Friday before closing at US$749.58. His 754 put expired that day and recorded roughly US$1,970 in profit.

The strike was near the day's high and above the closing price. If he had bought the put, the retreat from the high could have offered a profit opportunity. Alongside the contracts around 740, this suggests he may have adapted his directional view as prices moved.

💡 Takeaway

• Know your underlying and plan for different scenarios. All five of saintkf's listed winners involved QQQ. Short-term traders can take a cue from that focus: decide in advance what signals would justify entering if prices keep rising or reverse after a rally, rather than chasing moves in the moment.

• Don't let your last winner dictate your next direction. Profits on both the 740 call and put offer a useful reminder: a successful bullish trade does not settle the next decision. Exit when the bullish case no longer holds, and require a fresh reason to take the opposite side. Near expiry, there is little time to wait for a reversal in your favour.

*This analysis is based only on publicly available Trade to Win information and does not constitute investment advice.

💬 Community Corner

You've just taken profit on a QQQ rally, and the price starts pulling back. What would you usually do?

A: Wait for your original bullish entry conditions to return.

B: Consider a bearish trade once a separate bearish signal appears.

C: Stay on the sidelines until the direction becomes clearer.

Leave A, B or C in the comments. Have a different view? Share it below.

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