22-Apr-2024
No press releases found.
TQQQ Overpriced Bull Put Spread has 71% Yield Potential
Market Chameleon (Mon, 22-Apr 10:09 AM ET)
TQQQ Put Spread is Overpriced at $0.79; Theoretical Value $0.75
Market Chameleon (Thu, 18-Apr 11:13 AM ET)
TQQQ Bearish Calendar Put Spread Appears to be a Good Buy at 79 Cents
Market Chameleon (Thu, 18-Apr 9:54 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 22, 2024, TQQQ stock price climbed to $50.92 with 65,110,228 million shares trading.
TQQQ has a beta of 3.73, 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 $18.44 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 +92.1%, while the SPY ETF gained +22.9%. However, in the most recent history, TQQQ shares have underperformed the stock market with its stock returning -6.6% in the last 3 month period and -15.0% for the last 2 week period, while SPY has returned +3.7% and -3.7%, respectively.
TQQQ support price is $47.76 and resistance is $51.20 (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.