Although QQQ tends to go its own way at times, it feels like a pause with the broader market. On the Chart The price has broken a long term rally and the same on w . Both price and OBV are spending more time below shorter averages. Note the divergence OBV down when price up and now price looking to follow the down. I outlined the on OBV it could be indicative of a change. Guess we will see which way :-).
The bottom indicator is just a histogram of OBV - of OBV. I find it useful to help read possible related triggers. The histogram crosses zero when the OBV crosses the .
This is neutral short as there is room for the price to go up and still profit.
short Sep 15 144 Call long sep 15 147 Call. This is a short (sold for net credit) vertical call aka bear call spread.
Theta 1.85 - all else being equal this says the position will gain $1.85 per session through net decay in premium. (Premium drops, I buy it back for less = profit)
max profit loss 113 / 187. Profit target is 50-55 approx 50%. The probability of making 50% is 74% so exiting there increases the win rate, reduces exposure and frees capital for other trades.