Gambling Pure and Simple

No roundtrip trades today. But, I did buy QQQQ puts ITM and OTM before the close. I believe today was painting the tape, end of month normal prop up, Going to hold these puts a few weeks since i think we get a big correction to the down side next week.

We shall see.
I bought puts, little risk and heavily liquid were the reason i used the QQQQs.

hopefully I will have my stats uptodate tonight!:)
 
No trades today, still holding the following positions from Friday

QQQQ
Puts
Expiration May 21st
strikes : $35 QTY. 35 @ .55
strikes: $34 QTY. 100 @ .25


I see no catalyst for moving higher. Earnings and guidance sucked and macro events could come back into play all leading to a big move to the downside of 10 percent imo.
We shall see, but I liked the institutions propping up the market for the month end on friday. No we freefall
I also have some covered calls on an individual stock. The month of May is mine

:D
 
my exit strategy is to sell them after we get a 6 percent move to the downside, which i think could happen tomorrow. If not tomorrow definitely by next friday
:)
 
Quote from wannabehftrader:

john i have sized down big time, the results i have posted are up till the 18th close.
but yes i got to big into a few stocks where i couldn't get out without affecting the stock price:(
More...

good luck w/ sizing down, hopefully it'll help you stay on the right track for now.
 
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