There's a big rotation out of tech happening. How to trade it as the second quarter ends

June 2026 has been defined by a striking divergence in U.S. equity markets. While the Dow Jones Industrial Average marches to all-time record highs, the tech-heavy Nasdaq 100 (QQQ) has undergone a sharp, volatile and spastic repricing. I want to use the elevated volatility in the tech Nasdaq 100 ETF (QQQ) to create an income stream as I anticipate the profit taking and rotation out of tech to take a small break after Q2 comes to an end. Here's a one-month chart of the three major indexes: The S & P 500 (SPY) has actually caught the brunt of the "rotation" damage. Interestingly, SPY logged 15 down days so far in June, the most of the three major benchmarks. Because the S & P 500 is market-cap weighted, the multi-day flushes in mega-caps like Microsoft , Nvidia and even in Apple actively broke its daily momentum, even on days when the broader market felt mixed. The Nasdaq 100 (QQQ) has had the most violently concentrated red days. While QQQ had 13 down days, its magnitude of losses on those specific days was significantly higher. On June 5, QQQ fell over 5% in a single session, and dropped another 3.9% on June 23. This Thursday was an extremely choppy session with a roughly 4% peak to trough range on the day. From its early-June peak near $748, the $QQQ flushed nearly 7% to a mid-month low of $693.69, and continues to trade in a choppy, defensive posture. This swift move lower is precisely why QQQ put option premiums are so elevated. …