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It sounds like you’re considering a short position on the Invesco QQQ Trust (QQQ) at a price of $495. Shorting QQQ means you’re betting that the price of this ETF, which tracks the Nasdaq-100 index, will decline. Given that QQQ is heavily weighted towards tech stocks, this strategy might be based on an expectation of a downturn in the tech sector.
As of the latest data, QQQ is trading around $487.321. If you short at $495, you’re hoping the price will drop below this level so you can buy back the shares at a lower price and profit from the difference.
Do you have any specific reasons or market indicators that are influencing your decision to short QQQ?
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