A month of gains in a day on the $QQQ

Ohhhhh babbbbbbbbbbby!!!!

Mother of god!!!!

Did we have a god damn day!!!!!

Sorry we just had to get that out first… where are our manners.

Hello RIGD.

We’re three maithais an a single coconut shrimp down and ready to jump into today’s recap.

A MONTH IN A DAY ON THE QQQ

We woke up to the CPI report showing 3.2% YoY inflation which was lower than expected (3.3%) but still a slight uptick from June at 3.0%.

Whenever CPI beats ecomonist forecasts we rip up and today was no different.

QQQ opened at $370.97 (+0.83%) from the day before.

It immediately starts going straight up… you know the market doing its thing fk’ing max participants aka anyone who bought puts yesterday.

But then we see these bombs drop…

Underneath the hood it was a prehistoric dinosaur type lizard megalodon who sold like $1.94 million worth of 369 calls at the bid that expire same day.

That’s a massive trade.

We don’t see these happen often…

And it’s a very very bearish signal.

We entered the trade and immediately starting clinching both cheeks as the price of $QQQ went on to rally straight up +2.97 over the next 27 minutes.

But this is what the lizards do. They build positions, you look at the chart and think man this shit is going to keep going straight up and obliterate everyone, so you buy calls.

This is why we don’t follow our brains but instead trust the lizards.

Here’s what came in next…

And we went max size full send on the trade.

First it’s the golden rule of bulls on bottoms and bears on tops.

Second… there is no way in hell the lizards are going to sell 1.94m worth of 369 calls that expire today without taking the QQQ lower.

Third… our gut was saying bail on the earlier trade it’s all over sit home watch Nerdflix and HFSP.

So yes it was scary but we trust the lizards more than our second wife. The lizards do not lose.

Then over the next 3h 56m the QQQ does a straight devil dick down -7.17. A massive intraday move.

It was a perfect pin of the top.

And while we did not trade it perfectly we like to fantasize about it like being in a submarine with Megan Fox.

So here it is.

We keep saying “we’re going to leave a runner or two on” when we buy bears at tops and bulls at bottoms but we are low IQ terrible traders.

If we kept our full position it would have been a 2.5x on size that could have brought us back to even on the overdue child support so we could stop looking in the rearview, but still we pulled a month of gains from the market in a day. Can’t be too upset about that.

RIGD AI is amazing at tagging tops and bottoms, but we don’t have anything (yet) on when to sell. You know it’s really something between you and your god and we don’t give any financial advice around here (because we are the least qualified people in existence to do such a thing), but with 0dte take the money and run works.

Being able to look and think ahhh I could have made sooooooo much more money is a blessing.

Leave on whatever you’d like as long as you’re okay with it going to zero. This shit moves faster than your little sausage fingers can swipe up on the market sell button.

We also managed to catch the bottom on a tag just 1m before the move up.

A few guys caught the trade and we’re ecstatic for them.

But this is the best thing we saw all day.

This degen traded his first option yesterday and then did the educated thing signing up for RIGD AI.

Then auspiciously at the first bottom for the day chimes in…

We absolutely love to see it.

Yea yea some of you guys got 230% - 300% on your trades but the before and after RIGD AI effect for someone who just started trading options… it does not get better than that!

Almost as good as our gains today.

Almost.

NEW WEBSITE VERY COOL VERY NICE

Our based development team shipped the new update (very nice) and we hear your feedback for changes that need to happen.

Two top priorities at the moment:

Everything above the fold - you should be able to see the chart, event feed, alerts and chatbox without scrolling down.

List format bombs - the card style is better for sharing but yea you guys are right it’s difficult to track the time so you’re getting an option to swap between list and card format.

Thanks for your support and we’re so incredibly stoked to see you guys win.

Remember these are the most degenerate financial derivatives ever created and trading options will likely lead to 100% loss of capital and this website is the worst thing ever.

But if the fomo has intensified to the point where you’re dying to get in here (and you must be at least slightly by reading this newsletter on Thursday evening), then hit reply and tell us “the stonk market is rigd”.

We’ll get you in here tomorrow just in time for FF.

STAY FROSTY!

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