Sharing an analysis on the Icahn Position:
Stocks to consider to take long trades:
AAPL, NFLX, HLF
I like AAPL and NFLX because the downside is limited vs QQQ and relative high volume spikes.
Short QQQ and Long AAPL and NFLX same capital amount.
Capital allocation 5% of portfolio
Max Loss is 1.3% of total capital.