Renko Options Trading
Renko Options Trading: QQQ Position Trading And Option Income
Renko options trading can provide a lot of additional flexibility to your QQQ position trading. Besides replacing QQQ trades at a lower cost, you can also generate income trading options, and hedge longer term profitable QQQ positions. These are things that you cannot do through only trading the QQQ underlying.
Renko options trading will use our base Renko method like day trading. Except, the price envelope reverse will not be a trade reverse. Instead it will be used for reducing trade size, profit taking, or option income sells.