Sell the News on the Tech Stock Correction

"Buy the rumor, sell the news": It's a saying as old as the market itself. And we've seen no shortage of buying the rumor this week...

Folks have been piling into big name tech stocks, desperately sniffing out a safe haven from the latest delta variant of COVID-19. Well now that the Nasdaq has been driven well into "overbought" territory, what goes up must come down...

So today, we'll be selling the news on inflated tech stocks (in a matter of speaking) with a play on the ProShares UltraShort QQQ (NASDAQ: SQQQ), a 3x-leveraged inverse ETF on the Nasdaq 100. Basically, for every one point tech stocks come crashing back to Earth, this ETF skyrockets three points.

And with a short-term put on the QQQ itself, an ETF rising and falling in tandem with the Nasdaq 100, we can play both sides of tech correction for a two-fold payday.

Check out the video below for the details...

Trade details...

Action to Take No. 1: Buy SQQQ shares using a limit order of 8.95.

Action to Take No. 2: Buy to open QQQ Sept. 17, 2021 $350 puts (QQQ210917P00350000) using a limit order of $8.50.

Do This Before July 26 (It Could TRIPLE Your Money in a Week)

Last time Shah Gilani uncovered a pre-IPO play like this, it triggered 183%+ total gains - good enough to turn $500 into $1,415 in only 10 trading days.

Judging by how fast these hidden plays can move... we wouldn't be surprised if Monday's trade tripled your money over the next several days.

The flip side is that you've got to hustle before you miss out.

Click here to grab your shot now.

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About the Author

Chris Johnson (“CJ”), a seasoned equity and options analyst with nearly 30 years of experience, is celebrated for his quantitative expertise in quantifying investors’ sentiment to navigate Wall Street with a deeply rooted technical and contrarian trading style.

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