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3 Reasons Why this TQQQ Credit Put Spread is a Good Opportunity for $0.95
Market Chameleon (Wed, 24-Apr 9:58 AM ET)
Buy-the-dip mentality holds strong during market selloff - IBKR
Seeking Alpha News (Tue, 23-Apr 2:25 PM ET)
TQQQ Bull Put Spread is Overpriced at $0.75; Theoretical Value $0.71
Market Chameleon (Tue, 23-Apr 9:57 AM ET)
How This TQQQ Iron Condor Spread Can Net 65% in 18 Days
Market Chameleon (Tue, 23-Apr 9:56 AM ET)
ProShares UltraPro QQQ seeks daily investment results before fees and expenses that correspond to triple (300%) the daily performance of the NASDAQ-100 Index .
ProShares Ultrapro QQQ trades on the NASDAQ stock market under the symbol TQQQ.
As of April 24, 2024, TQQQ stock price climbed to $53.71 with 62,692,741 million shares trading.
TQQQ has a beta of 3.74, meaning it tends to be more sensitive to market movements. TQQQ has a correlation of 0.84 to the broad based SPY ETF.
TQQQ has a market cap of $19.43 billion. This is considered a Large Cap stock.
In the last 3 years, TQQQ stock traded as high as $91.68 and as low as $16.10.
TQQQ has outperformed the market in the last year with a return of +102.5%, while the SPY ETF gained +24.2%. However, in the most recent history, TQQQ shares have underperformed the stock market with its stock returning -2.7% in the last 3 month period and -11.3% for the last 2 week period, while SPY has returned +4.6% and -2.7%, respectively.
TQQQ support price is $51.33 and resistance is $55.05 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TQQQ stock will trade within this expected range on the day.