Search results

Why don't you let us now how that works out? It's your idea.

UPDATE My trading plan is still on track, the 1 strike OTM (51.00) calls are very expensive at $1.36. If I can buy the 1 strike OTM QQQ calls for $0.45 by Wednesday 3:30pm EST then I will enter this trade.

I figure that the market is over reacting to the USA credit downgrade, and I expect a bounce back. Tuesday might be too early, but I plan on entering this trade on Wednesday at the latest.

ES, YM, and NQ futures down 2% + as of now. On Tuesday (August 9, 2011) I plan on buying QQQ Aug12 2011 calls, 1 strike OTM. Will post when I enter trade.

I caught the tail end of the TV news and I think they said a dog was also aboard the helicopter and was also killed. Can anyone confirm this?

I haven't read all the posts so I don't know if this has been posted yet. "When Canada lost its AAA rating in April 1993, for instance, the country's stocks gained more than 15% in the subsequent year. The Tokyo stock market climbed more than 25% in the 12 months after Moody's downgraded...

Or the last to react after Thursday sell-off. This is the first day of trading for the Saudi market since Thursday.

30-50% ?????? LOL ....... You have a greater chance of getting hit by lightning than experiencing such a drop in the markets. Could you please post something more sensible, this is EliteTrader. -------------------------- I put the Elite in EliteTrader.

Post a link.

Yes ... If I hung on to the end of the day I would have got another $100.00+. But then hindsight is always 20/20.

I was the only one to post a LIVE trade on ET to profit from the big down day on the markets today. My Elite trade made 15% :) . While the DOW, Nasdaq and S&P500 are down 4.31%, 5% and 4.78%. http://www.elitetrader.com/vb/showthread.php?s=&postid=3257858#post3257858 I put the Elite in...

UPDATE - POSITION CLOSED Sold the QQQ Aug 2011 56.00 Put @ $0.63 http://finance.yahoo.com/q?s=QQQ110805P00056000 Sold the QQQ Aug 2011 57.00 Call @ $0.12 http://finance.yahoo.com/q?s=QQQ110805C00057000 P/L $9.81 / + 15% commissions included. EDIT: Typo in the quoted post. July should...

I just entered this trade. QQQ 56P / 57C strangle - Live trade in progress. QQQ @ $56.74 Buy QQQ Jul 2011 56.00 Put @ $0.2672 http://finance.yahoo.com/q?s=QQQ110805P00056000 Buy QQQ Jul 2011 57.00 Call @ $0.3572 http://finance.yahoo.com/q?s=QQQ110805C00057000 Total debt $62.44 commissions...

"If you are sure stock will never go below X, what options would you use?" Buy Puts with a strike of X. If you are sure the stock will never reach X then it will more than likely drop to X - and lower - fairly quickly.

A tad over 1%. It's good, but no big deal. Nothing out of the ordinary, ES, NQ, and YM are all up just over 1%.

Breaking News: House passes GOP bill to raise the debt ceiling Now those premiums should crash on Monday. The QQQ August 05 strangle should be about $78.00 on Monday, Tuesday for sure.

Wow ..... The premiums on the QQQ August 05 options are expensive, a QQQ strangle will cost $242.00, last Friday a QQQ July 29 strangle was about $78.00. This is obviously because of the debt limit deadline.

UPDATE - POSITION CLOSED Sold the QQQ Jul 2011 59.00 Put @ $0.92 http://finance.yahoo.com/q?s=QQQ110729P00059000 Sold the QQQ Jul 2011 60.00 Call @ $0.05 http://finance.yahoo.com/q?s=QQQ110729C00060000 P/L $16.91 / + 21% commissions included.

QQQ 59P / 60C strangle - Live trade in progress. QQQ @ $59.53 Buy QQQ Jul 2011 59.00 Put @ $0.4002 http://finance.yahoo.com/q?s=QQQ110729P00059000 Buy QQQ Jul 2011 60.00 Call @ $0.3802 http://finance.yahoo.com/q?s=QQQ110729C00060000 Total debt $78.04 commissions included. Last day of...

POSITION CLOSED QQQ @ $59.49 Sold the QQQ Jul 2011 59.00 Call @ $0.49 http://finance.yahoo.com/q?s=QQQ110722C00059000 QQQ Jul 2011 58.00 Put will expire worthless P/L: -$13.00 / -22% Comparing it to an AAPL 375P / 380C earnings strangle, the AAPL strangle would have lost about 35% (buy...