Yes, you are exactly correct. Buying a put option on QQQ gives you the contractual right to sell 100 shares at a specific "strike price" on or before a specific date (90 days from now).
Here is exactly how a single contract works on the CBOE:
The Anatomy of Your Contract. When you buy one QQQ put contract, you are purchasing a standardized legal agreement with the following specific terms:
Underlying Asset: 100 shares of the Invesco QQQ Trust.
Style: American. This is crucial. Unlike some index options that can only be exercised on the final day, an American option allows you to exercise your right to sell the shares at any time before the 90 days are up. This is valuable if QQQ crashes tomorrow; you don't have to wait for expiration to capture the profit.
Settlement: Physical Delivery. If you choose to exercise the option, you must deliver 100 shares of QQQ to the seller, and they must pay you the strike price in cash. (Note: Most traders simply sell the option contract itself for a profit before expiration rather than dealing with the shares).
Expiration Date: For a ~90-day horizon, you would typically select a Quarterly expiration (the third Friday of March, June, September, or December) or a specific Monthly cycle date that aligns closest to your 90-day target. Today is August 19, 2026; a 90-day expiration would land roughly around November 20, 2026 (the standard monthly expiration).
How the Trade Executes (Step-by-Step)To enter this position, you do not contact the CBOE directly. You execute the trade through your brokerage account, which routes the order to the exchange.
Select the Expiration: You choose the date roughly 90 days out (e.g., November 20, 2026).
Select the Strike Price: This is the "agreed price" at which you can sell.
Example: If QQQ is currently trading at $500, and you want the right to sell at $480, you buy the $480 Put.
Pay the Premium: You pay a price per share (e.g., $8.00). Since one contract covers 100 shares, your total cost is $800 ($8.00 x 100). This is your maximum loss.
The Outcome:
If QQQ drops to $450: Your right to sell at $480 is now very valuable. The option premium might rise to $35.00. You can sell the contract for $3,500, netting a $2,700 profit.
If QQQ stays above $480: The option expires worthless. You lose the $800 premium, but you have no further obligation.
As of the most recent trading data on August 18, 2026, the price of a single share of Invesco QQQ Trust (QQQ) ranged between $715.92 and $729.87. The closing price reported on August 17, 2026, was $729.87, while intraday prices on August 18 dipped to approximately $717.17.
To calculate the value of 100 shares (which corresponds to the standard size of one CBOE options contract):
Using the August 17 close: $729.87 \times 100 = \mathbf{$72,987.00}$
Using the August 18 intraday low: $715.92 \times 100 = \mathbf{$71,592.00}$
Using the August 18 intraday high: $735.43 \times 100 = \mathbf{$73,543.00}$
Therefore, the current value of 100 shares of QQQ is approximately $71,600 to $73,500, depending on the specific intraday price point at the time of calculation.
(If there is no Divine Intervention, I expect NASDAQ to drop 50% by the November elections. If the Dems win with their soak the rich plans, 100% of foreigners and lots of
Americans will bail from US stocks and bonds. )
I promise to give you a signal when it is to execute this trade.
AFTER THE TRADE IS OVER, BUY A MIX OF PHYSICAL GOLD AND SILVER. AND ALSO BUY MINING STOCKS IN EITHER CANADA OR THE US.
DO NOT BUY MINING STOCKS IN MEXICAN OR BOLIVIAN MINES.
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What Happens When Yen Collapses? Economist Steve Hanke On Next Currency Crisis
(This man Steve Hanke is brilliant. I learned a lot about currencies. His system beat George Soros.
Pay attention to his explanation of a currency board. We might need one in the US when the dollar declines 60%.)
Bill Clinton sent half of our Navy to Indonesia to force Suharto out of office .even though LBK rejoiced when Suharto
threw Sukarno out of office. Why? Because Red China was financing Clinton by washing his money through the
Indonesian Central Bank. He did not want anyone in the US to know that he was Red China's man in Washington, a real
Manchurian candidate.)
I SUBSCRIBED TO THIS CHANNEL. THIS GUY KNOWS WHAT HE IS TALKING ABOUT.
#1: Horse To: Horse (#0)
Kanye-Putin meeting ‘possible’ – Russian lawmaker. The US rapper reportedly hopes to meet the president when he travels to Russia for two concerts in St. Petersburg
US rapper Kanye West could potentially meet with Russian President Vladimir Putin during the artist’s upcoming visit to Russia, a senior State Duma lawmaker has said. West, also known as Ye, is scheduled to perform in St. Petersburg on October 10 and 11 as part of his Ye Live Concert Tour.
On Tuesday, Svetlana Zhurova, the first deputy chair of the State Duma’s International Affairs Committee, told Lenta.ru that Putin has previously met prominent foreign celebrities, but noted that a meeting with West would depend on several practical factors.
“Hypothetically, such a possibility exists,” Zhurova said.
Anna Subcheva, head of local concert organizer SAY Agency, previously told RIA Novosti that it is the rapper’s “long-standing dream” to meet Putin, for whom he has “expressed great admiration for several years.”
“The main issue here is the working schedule of our president and the artist’s own schedule, so that they align,” Zhurova said, also pointing to security and health requirements surrounding presidential meetings.
Kanye is coming to Russia and everyone’s happy. But not for the reasons you think
West will be making his first concert appearances in Russia, although he visited Moscow in June 2024 for the birthday of Russian designer Gosha Rubchinsky, with whom he had previously collaborated.
His upcoming Russian shows follow a string of cancellations and bans in several European countries over his controversial statements about Jews, Adolf Hitler, and Nazism. West has since apologized for some of his remarks, attributing his actions to bipolar disorder as well as “poor judgment and reckless behavior.”
The rapper’s St. Petersburg concerts have attracted strong demand, with VIP tickets reportedly selling out within two hours of going on sale.
https://www.rt.com/news/644374-kanye-putin-meeting-possible/
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Horse posted on 2026-08-18 23:11:52 Reply Private Reply
#2: Horse To: Horse (#1)
No license to kill: This country insists on its right to prosecute British troops. As talks on a new defense deal stall, Kenya insists it should have full rights to investigate crimes committed on its soil
UK officials announced last month that they had cancelled a planned British army exercise in Kenya after the latter’s government did not grant the required permissions. The UK had said that the exercise, which normally happens in Laikipia, would instead be moved to another location. The announcement sparked speculation about the future of the Defense Cooperation Agreement (DCA) between Kenya and the UK.
Nelson Koech, chairperson of Kenya’s National Assembly’s departmental committee on defense, intelligence and foreign relations, told RT that the delay in issuing the approvals was not primarily about the military training itself but about scrutiny related to the new agreement that is intended to replace the existing framework governing British military activities in Kenya.
On July 28, Kenya and the UK announced that they had reached an understanding allowing military training to resume.
The new agreement is still not signed, however, because the parliament is blocking it.
Britain's Prince William, center right, speaks to soldiers during a visit to the 1st Battalion Irish Guards battle group, training under the British Army Training Unit Kenya (BATUK), Laikipia, Kenya,
The question of crime and punishmentWhen Kenya gained independence in 1963, the UK maintained its military presence in the African country. The security relationship has, over the decades, evolved around British Army Training Unit Kenya (BATUK), the UK’s permanent training support unit in Kenya.
In 2015, the two countries signed a five-year agreement on defense cooperation in Nairobi to replace older arrangements (it was ratified in 2016). It established the legal framework governing the presence of UK military personnel in Kenya, including training, logistics, and also criminal jurisdiction over British troops.
In the agreement, Britain retained powers to investigate and prosecute officers accused of committing serious crimes such as murder and rape. This remains one of the major issues that has stalled the signing of a new agreement.
The new agreement (from 2021) outlined a broader framework for defense cooperation. However, unlike the previous agreement, which was ratified by Kenya’s parliament, the new one has never entered into force. Kenya’s legislature withheld ratification after raising reservations over key points, particularly those relating to criminal jurisdiction over British soldiers, accountability for alleged abuses, and the protection of Kenyan communities affected by BATUK activities.
Kenya wants to have jurisdiction to investigate and prosecute British soldiers accused of committing serious crimes. The 2016 agreement continues to operate through mutual extensions, while negotiations on a revised text go on.
The murder of Agnes WanjiruThe issue became increasingly controversial more than a decade ago following allegations of misconduct by British troops, including the 2012 murder of Agnes Wanjiru, claims of sexual abuse, environmental damage, and injuries linked to military training.
In March 2012, Wanjiru, a Kenyan woman who was 21 at the time, was found murdered moments after she had been spotted in the company of British soldiers in the town of Nanyuki, where BATUK is housed, about 200km north of Nairobi.
Wanjiru’s body was discovered in a hotel septic tank. Soldiers from BATUK, which hosts up to six British infantry battalions for training each year, were blamed for her death.
https://www.rt.com/africa/644062-kenya-seeks-jurisdiction-over-british-troops-crimes/
Horse posted on 2026-08-18 23:14:23 Reply Private Reply