Buy qqqq puts now June 16

[Option_Trader32]

I bought qqqq july 49 puts at 1.83. Hold into week of June 23.

 

[dipper17]

Whats your reasoning? Do you think July at the money IV is too low?

 

[Option_Trader32]

Quote from dipper17:

Whats your reasoning? Do you think July at the money IV is too low?

I'm expecting QQQQ stock price will drop.

 

[allin]

Quote from Option_Trader32:

I'm expecting QQQQ stock price will drop.

I just sold my QQQQ Jul 49 calls @ 1.40, hope your right

 

[50_Bip]

Let me get this straight, you actually placed a trade based on a post that you read on EliteTrader?

Quote from allin:

I just sold my QQQQ Jul 49 calls @ 1.40, hope your right

 

[c.chugani]

Quote from 50_Bip:

Let me get this straight, you actually placed a trade based on a post that you read on EliteTrader?

ROFLMAO

 

[allin]

Quote from 50_Bip:

Let me get this straight, you actually placed a trade based on a post that you read on EliteTrader?

Haha, i guess it sounded like that. No, I sold and got out because I needed the buying power for another trade.