Markets are bouncing and the Nasdaq is the strongest index at the moment.

The idea with this trade is that the bullish momentum might carry the stock higher and I think $210 is a reasonable target for 10 days time.

Selling the April 17th 210 call and buying the May 1st 210 call costs around $135 per spread and that is the maximum risk on the trade.

Ideally, QQQ  grinds higher and finishes around $210 at expiry on April 17th.

Let’s see how it goes.