Options Trades For Capital Growth

STC 20 Contracts of QQQ March 18 2016 104 Call @ $1.92

I will not be available to monitor the trade, so I bailed. The index may continue the uptrend tomorrow, but will likely trade lower than today's close; that will be the right time to buy Call Options.

I will try more index trades this week...
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I would rather buy some Mar18 QQQ 102 Puts (currently) at $2.05/$2.06 to keep (overnight) for 2 days.
I won't recommend Put Options yet.

The weekly chart favors uptrend, though the market may drop a little lower than last week's high, so I think it is dangerous to short QQQ. But then, my prognosis could be wrong.

Please follow your trading rules.


Thanks for posting!
 
I won't recommend Put Options yet.

The weekly chart favors uptrend, though the market may drop a little lower than last week's high, so I think it is dangerous to short QQQ. But then, my prognosis could be wrong.

Please follow your trading rules.


Thanks for posting!

I guess the current gap needs to be filled first before any further moving!
 
....So what's your current overall profit/loss return % so far o_O
Five trades; no loss yet! Account value is $5,248.04. Will check the account for profit/loss return later.

Nothing much yet! Still experimenting with index options.

There are two advantages in trading index options, which are small bid/ask spread and not having to search for trades. Apart from that, I prefer stock options.
 
I won't recommend Put Options yet.

The weekly chart favors uptrend, though the market may drop a little lower than last week's high, so I think it is dangerous to short QQQ. But then, my prognosis could be wrong.

Please follow your trading rules.

Thanks for posting!
Whoa!

What a steady climb up!

Thought the uptrend was going to be brief, but then I watched as the trend climbed up steadily.

Oddtrader, how did you fare in the market?



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#53 ( Feb 23, 2016 ) " The weekly chart favors uptrend, ..."

I won't recommend Put Options yet.

The weekly chart favors uptrend, though the market may drop a little lower than last week's high, so I think it is dangerous to short QQQ. But then, my prognosis could be wrong.

Please follow your trading rules.


Thanks for posting!

& #57 ( Feb 25, 2016 )

Whoa!

What a steady climb up!

Thought the uptrend was going to be brief, but then I watched as the trend climbed up steadily.

Oddtrader, how did you fare in the market?



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