On Thursday, Sept. 17, 2026, as momentum indicators flashed a short-term oversold condition, I placed a simple tactical trade using short-dated out-of-the-money call options. I bought 5 contracts of the QQQ 09/22/2026 $730 strike price call options at an average price of $0.456 per contract.
My total capital risk was just $231, the limit I was willing to put on what was essentially a lottery ticket trade. It is key that I never risk anything more than I’m willing to lose, since losing it all is possible, especially with near-term options trades.
