How would you structure the hedge I’m trying to do?

[SunTrader]

Social media stocks are doing jack shit. FB will underperform as it's still about the rotation into cyclicals and the infrastructure Bill.

That may be the case - haven't look at the rest. But FB, right now has been leading.

 

[destriero]

Short futures + long call = same strike long put. Conversion market.

 

[CopperOverGold]

Thank you destrieo. That was very informative and exactly the information I need to noodle on. I appreciate the lesson.

 

[murray t turtle]

I’m short the NQ, in a decently sized way. I believe it’s going to drop. Having said that, if it goes up, it’ll be be because of google and Microsoft (again, my belief).

Goog close above 2130, and the NQ will rip up
OR
Msft close above 2145 and the NQ will rip up

otherwise, the NQ correction cuts deeper and my shorts are golden.

how would you structure your hedge with this view? I’m not very skilled on options as I tend to stay away from then because of the time factor, but I’m willing to learn. Their outcomes seem very binary to me, but I’m sure that’s due to my lack of sophistication.

%%
MSFT is a tech leader from 1999/+.
I do stuff with qqq, TQQQ,SQQQ,qld, not near as much decay+ they pay dividends/not that that would be the main reason, dividends.
SQQQ looking good today but i think qqq has put in a MAR bottom.
NOT a prediction/not a revenge trade/LOL.
BUY monday\because of down dips\ tends to work well..........................................