Orbit Oct 3 – A Peek out to Year End in QQQ


Options were pricing about a 0.6% 0DTE move for today and futures are down nearly that much pre-open. Keep an eye on IV. With the VIX 18 we’re approaching a historical average, neither particularly high nor particularly low. In the video below we look at today’s set-up but also take a peek out to year-end and some possible hedges for those a bit worried about any continuation of this sell-off from the highs. I hope you enjoy:


  • Alx Oncology Holdings Inc (ALXO) +108.11%
  • Point Biopharma Global Inc (PNT) +84.88%
  • Vinfast Auto Ltd (VFS) -10.82%
  • Alibaba Group Holding ADR (BABA) -2.33%
  • Jd.com Inc ADR (JD) -2.82%

Economic Calendar:

  • At 10:00 AM (EST) JOLTs Job Openings (Aug) Estimates: 8.8, Prior: 8.827

Options AI Scanner Highlights:

  • Overbought (RSI): UUP (75), COST (62), CRWD (61), ZS (61)
  • Oversold (RSI): XLU (18), WKHS (21), TGT (22), JETS (22), MCD (22)
  • High IV: WKHS (+310%), VMW (+237%), UA (+223%), SAVE (+189%)
  • Unusual Options Volume: KDP (+2437%), RIVN (+559%), RIOT (+497%), MSTR (+488%), GRAB (+482%), TSLA (+426%), COIN (+420%), QQQ (+371%), TGT (+353%

Based upon publicly available information derived from option prices at the time of publishing. Intended for informational and educational purposes only and is not any form of recommendation of a particular security, strategy or to open a brokerage account. Options price data and past performance data should not be construed as being indicative of future results and do not guarantee future results or returns. Options involve risk, including exposing investors to potentially significant losses and are therefore not suitable for all investors. Option spreads involve additional risks that should be fully understood prior to investing. Securities trading is offered through Options AI Financial, LLC, member FINRA and SIPC.

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