QQQ Pullback and Abhishek’s First $10,000 Month

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Hey Options Trader,

We’re heading into the holiday weekend with a very constructive setup forming across the market. After a healthy pullback in both SPY and QQQ, we’re starting to see signs of sector rotation rather than defensive posturing. Software, healthcare, financials, and select growth names are all seeing buyers step in, which tells me the broader market may still have plenty of strength underneath the surface. With volatility coming in, oil cooling off, and rate hike odds easing, July could be setting up for another strong push higher.

Here’s what we are covering:

1. Why this pullback looks like sector rotation, not panic

2. Client Spotlight featuring Abhishek’s first $10,000 month & $650k Client Win

3. Free Trade of the Week

4. Bonus Resource covering my new $30,000 LEAPS position

Market Snapshot

Going into next week, I am very bullish. We had a nice pullback across both $SPY ( ▼ 0.31% ) and $QQQ ( ▲ 0.28% ) , but today’s action was very telling. SPY traded stronger and was even green at one point while QQQ was still down, which points to clear sector rotation rather than broad market weakness. We saw software names, healthcare names, financials, Robinhood, and Palantir all getting bought up, which is not the type of action you typically see when investors are running for safety.

Jobs data came in cooler than expected today, which helped rate cut expectations, while the odds of additional rate hikes continue to slowly move lower. Oil also came down near the $68 level, which is another constructive sign for the overall market.

If SPY does pull back further next week, I would be watching the 735 to 730 range as a potential dip-buying opportunity. The VIX is telling a different story, though, with volatility coming back down near 16 after reaching as high as 17.30 today. To me, this shows fear is subsiding, and with July historically being a strong month, we could see a nice run-up after this pullback is complete. I am currently at 14% cash, which is very aggressive and not recommended for everyone, but I do believe we are headed higher once this pullback finishes playing out.

Client Spotlight

This week’s Client Spotlight is Abhishek. Abhishek is a physician and a newer member here inside Options Trading University, and he recently hit his first $10,000 month in the program. What I love about his story is that he is building this alongside a demanding career, staying consistent, and continuing to grow his portfolio with discipline.

We also had several members post six-figure profit months in June, including Amy with a 7% return and $111,000 profit, and Som with a record profit of $605,000. Absolutely amazing to see.

Free Trade of the Week

Ticker: $GLW ( ▼ 0.73% )  

Strategy: Sell the July 31st $155 put

Premium Collected: $525

Duration: 29 days

ROI: 3.5%

Annualized Return (compounded monthly): 53.2%

Risk: The main risk is assignment if GLW trades below the 155 strike by expiration. However, getting assigned at 155 would be a strong entry in my opinion, especially after the stock’s major run and current sector-wide pullback.

Corning has had an amazing run, moving all the way up to 271 before pulling back below 200. With the 155 strike sitting near the lower Bollinger Band, this gives us a more conservative setup while still collecting strong premium. I like this trade because GLW remains a solid company tied to the AI data center build-out, and this pullback may be creating a much better entry opportunity.

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Bonus Video

For this week’s Bonus Resource, make sure to check out my most recent YouTube video where I break down the $30,000 LEAPS position I purchased today. I also discuss the AI sector-wide sell-off, what I am watching next, and when I believe the eventual recovery could take place.

Pullbacks create fear for some traders, but opportunity for the ones who stay prepared.

Talk soon,

Ryan

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Disclaimer: This newsletter is for educational purposes only and is not a recommendation to buy or sell any financial instruments. Trading involves risk, and you are responsible for your own investment decisions.