The Nasdaq-100 Index has delivered total returns exceeding 24% year-to-date and has nearly tripled, surging 193.37% since the end of 2022. This performance relies heavily on a handful of mega-cap tech stocks, with the top 10 largest companies comprising half the index weight by market capitalization. The 1-month forward-looking implied correlation for the NDX stands at just 0.177, at the 25th percentile, suggesting that index options offer an attractive opportunity to gain exposure to tech with strictly defined risk. The article recommends buying QQQ November 760 calls for approximately $22.70, representing just 3% of the underlying ETF’s current price, with risk capped at the premium paid.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
