TQQQ Weekly Trade: How a “Crazy” Options Strategy Can Deliver 14% Weekly Income

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In the world of investing, conventional wisdom says to avoid leveraged ETFs like TQQQ—especially in volatile markets. But in a recent YouTube video, options expert Mark Yegge showcased an advanced income-generating play using a high-risk, high-reward synthetic options trade on TQQQ that delivered a whopping 14% weekly return.

Let’s unpack the trade, understand the risks, and see what lessons we can learn.

What is TQQQ?

TQQQ is the ProShares UltraPro QQQ ETF, which aims to deliver 3x the daily return of the Nasdaq-100 index (QQQ). Because of its leveraged nature, TQQQ is prone to rapid gains and losses and suffers from time decay due to daily compounding—making it unsuitable for long-term holds but ideal for tactical, short-term plays.

Mark’s Strategy: A 2-Week Synthetic Covered Call

Despite being bearish on the market, Mark noticed an opportunity after a suggestion from his mastermind group. He executed a bold strategy:

Step 1: Buy Deep In-the-Money Calls

Bought 10 contracts of the TQQQ 31 calls, expiring in 2 weeks
Paid $10.87 per contract (~$11,000 total)

Step 2: Sell In-the-Money Covered Calls

Sold 10 contracts of the TQQQ 39 calls expiring this Friday
Collected $3.87 per contract, including ~$1.25 in extrinsic value ("juice")

By doing this, Mark created a synthetic position: a combination of a long call and a short call that mimics a covered call but with a fraction of the capital.

How the Income is Made: The Juice

The core of Mark’s system is selling extrinsic value — the “juice” — from options:

The extrinsic value of $1.25 per contract will go to zero by expiration.
Since Mark sold that juice, it’s pure income if the stock stays above $39.

That’s $1.25/$11 = 14% return in just one week.

Even if the trade doesn’t go perfectly, Mark is still cushioned because of the intrinsic value built into the trade.

The Risk: Why This is a “Crazy” Trade

Mark is the first to admit this is a high-risk maneuver. Leveraged ETFs like TQQQ are not designed for long-term investing, and their value erodes over time due to volatility drag and time decay.

“This is my stupid trade,” he jokes. “I’m allowed one every now and then.”

However, by using deep in-the-money strikes and a short timeframe, he neutralizes much of the time decay and gives himself downside protection.

Life-Improving Takeaways

You Don’t Have to Predict the Market

Mark openly states he’s bearish—but he still found a way to profit on a potential short-term bounce.

Juice is Your Friend

Extrinsic value decays to zero — and if you’re the seller, that’s income.

High Leverage Needs High Caution

Leveraged ETFs amplify both gains and losses. Use them only if you fully understand the risks.

Synthetic Trades Provide Flexibility

This approach mimics a covered call without owning the underlying shares—freeing up capital for other uses.

FAQs

Q: What if the stock falls below $31?
A: The trade loses intrinsic value, but Mark’s deep in-the-money position provides cushion. He’d only lose if it dropped below that strike, offsetting the juice.

Q: Is TQQQ safe for regular investors?
A: No. It’s not designed for long-term holding. It's best used for short-term, tactical trades by experienced traders only.

Q: Why not just trade QQQ?
A: TQQQ’s higher volatility gives richer premiums — more “juice” — ideal for option sellers who know how to manage risk.

Call to Action

Want to generate reliable income from the stock market?

Visit CashFlowMachine.io to learn about Mark’s full system
Subscribe to his YouTube Channel for weekly trades and updates
Join his Insider Tips Newsletter for real-time trade alerts and strategies

Get started today

Conclusion

Mark’s 14% trade on TQQQ isn’t a recommendation — it’s an illustration of how strategic, rules-based option selling can deliver massive short-term returns with controlled risk.

If you’re ready to trade smarter and shift your focus from market prediction to consistent income generation, this system might be what you’ve been looking for.

Remember: You’re not trying to win the lottery. You’re collecting the rent.

TQQQ Weekly Trade: How a “Crazy” Options Strategy Can Deliver 14% Weekly Income

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