Purchase QQQ and SPY calls

QQQ and Spy are flashing big bottom signals today. Lets take a look at the charts.

First for QQQ:

You can see that today there is a bottom double hammers signal which is a very strong indication that things are going to go north from here. It seems also that China has said that it will continue to back and prop the Chinese stock market. Their official state plan does not involve weakness or a crash, so that is taken care of much to the satisfaction of american traders obviously.
Lets take a look at SPY:

A different chart here, yet heralding the same thing: We've hit a short term bottom. So what are we going to do with this information? We are gonna buy calls! But which month? And what strike?
I dont want an expiration too close to today, I would like at least 3 weeks out. Anything sooner could cost us erosion in our price if things start to dawdle and move sideways, and anything further out like a month or two out will give us a smaller profit on any moves. I usually go for at the money or just outside the money to get a good price if the next strike price isn't too far up out of the money. Too far up out of the money runs a risk that the price will never reach the stock price and things will languish and erode. We want at the money, or if the strike prices are packed tightly together like they will be in these two highly liquid ETFs, just outside of the money.

There you have it. These should climb at least 20-30% over the course of the next two days barring any large negative market news. No risk, no payoff. However, everything being everything, the deck is stacked in our favor.

Tradinginsider