Because numerous subscribers reported buying June 30 141 put options on the opening Monday, I’ve established a tracking position consisting of two puts with a cost basis reduced by profit-taking to, effectively, zero. Any subscriber who did the trade at least doubled his or her stake within an hour, although it would have been possible to triple it based on the puts’ intraday range of 0.44-1.34. The trade didn’t come off exactly as planned, since QQQ opened on a gap above a Hidden Pivot resistance that I’d expected to show some stopping power. Even so, the order was designed for beginners and easily executed off the 0.60 limit bid I’d advised. Ironically, it was more likely to have been filled if one was not paying particularly close attention to QQQ’s price fluctuations on the opening.  A trader asked in the chat room what he should do with the puts now, and my reply bears repeating:  ‘When I’ve gotten subscribers into an option ‘doubler,’ I often leave it to their discretion to manage the order after taking profits on half the position. They should be relaxed enough at that point to do so successfully, and that is the experience I want them to have.’ As indeed it is. You can sell the remaining puts at will, being sure to save at least one or two of them until Friday, when they expire. For what it’s worth, they look to be headed most immediately toward a target of at least minor importance at 1.55. Don’t get distracted patting yourself on the back, however, since there are reasons to doubt that yesterday’s weakness will snowball. In point fact, by merely exceeding the midpoint Hidden Pivot resistance on the opening, the Cubes demonstrated that they are capable of coming roaring back. _______ UPDATE (Jun 27, 4:07 p.m. EDT): The June 30 141 puts have traded as high as 3.10 today — seven times what one could have bought them for yesterday. You should be out of most of your position by now, keeping just a contract or two in case QQQ’s decline accelerates in the days ahead.