Hi everyone. I'm new to the forum. I have been dabbling with options for a long time, mostly selling covered calls. Recently, I have been trading TQQQ (3x the performance of the nasdaq) options. I only day trade them, buying both puts and calls on options that expire in a week or two. I did extremely well last week, and was wondering what you more experienced option traders think. TQQQ is extremely volitile, and i need just a small move in the underlying stock to make a nice profit. If my trade is going the wrong way, I usually double down bring my cost basis down. I never hold options overnight. Your thoughts are greatly appreciated.
