Technical analysis by pakoumal about Symbol QQQX on 10/7/2025

The expected-move range (using current IV ≈ 17%-18%) to see where QQQ statistically “should” trade by mid-October, which may be helpful for picking your next strike 1. Bounce from 20d MA $596–$600 with a retest of $610–$615 (60%) 2. Sideways continuation between $600–$610 (25%) 3. Close <$595 with a pullback to $580 (15 %) A dip into $598-$600 with a stabilizing candle is statistically the highest-reward entry for short-term calls No reason to short unless price closes below both the trendline and 20d MA on elevated volume (>60M) If anything, the next real move could be a bounce attempt, not a flush Based on current implied volatility (IV ≈ 17.8 %) & QQQ ≈ 605, the expected move (1σ range) for the coming week & into 24 October, where Expected Move = Price × IV × √( t /365) 17 October (10 days) ≈ 1σ 15 pts (68% probability) ≈ 2σ 30 pts (95% probability) $590-$620 24 October (17 days)≈ 1σ 20 pts (68% probability) ≈ 2σ 40 pts (95% probability) $585-$625 31 October (24 days) ≈ 1σ 24 pts (68% probability) ≈ 2σ 48 pts (95% probability) $580-$630 So statistically, QQQ has about a 68% chance to stay between ≈ $585 & $625 by 24 October If you’re bullish, Favor calls slightly OTM ($610-$615) expiry 24 October Target breakout confirmation above $608 with volume If you’re cautious/swing-trading, Use short-dated, low-cost put lottos near $600 only on breakdown <$600 (ideally Friday/Monday flush) If you prefer defined risk, Debit spreads ($605/$615 call spread) give good exposure without over-paying IV 20d MA ≈ $597 lines up with the lower 1σ bound (~$590-$595) Resistance near $612 is mid-upper 1σ band (~$620) So the option market’s “expected move” fits almost perfectly with your technical structure