On Wednesday of this past week, Mike Golembesky provided members of his VIX & Index/Sector Trading service a trade setup in QQQ calls. In sharing his chart and wave analysis, Mike noted the ETF was "still over support and the pattern looks incomplete to the upside."
On Friday Mike closed the trade for a gain of over 100%, making it 6 winning index ETF options setups so far this year (each with triple-digit percent gains) out of 7 total.
Overheard in Mike's room: "Looks like Magic Mike has done it again….For the newbies to this service who have been questioning this trade, you’ll be amazed how many of these short window trades hit their target on the last day, or late afternoon the day before. In my 6-month experience, Mike seems to be in the money 75%+ of the time. My winners have well outpaced my losers ... I’m very glad to have joined the VIX & Index trading service." --Contrarian4Now