QQQ OTM Call option trade - August 15-19

[ForexForex]

QQQ OTM Call option trade - August 15-19

This is Trade #3 of my QQQ option trades posted LIVE on EliteTrader. My plan this week is to buy a 1 strike OTM QQQ Aug19 call on Tuesday or Wednesday, just before the market closes. I will update once the trade has been opened, or if any changes are planned - such as entering a strangle instead.

Trade #1: +15% QQQ options VERY expensive
Trade #2: +56% My QQQ option trade plan this week.


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I put the ELITE in EliteTrader

 

[ForexForex]

Buy QQQ 53 Put - Live trade in progress.

I have decided to make some changes to my original plan and buy a put instead, 2 strikes OTM and enter a day early.

• QQQ @ $54.22
• Buy QQQ Aug 2011 53.00 Put @ $0.3127 http://finance.yahoo.com/q?s=QQQ110820P00053000
• Total debt $31.27 commissions included.
• Last day of trading August 19, 2011.
• Will update when I close position.

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I put the ELITE in EliteTrader

 

[Gustaf]

Is this a real trade now?

Wish you good luck.

Br Gustaf

 

[ForexForex]

Quote from Gustaf:

Is this a real trade now?

Wish you good luck.

Br Gustaf

Yes, it is a real trade. Opened 2 minutes before I posted on to ET.

IB WebTrader Screen Shot - Times in PST, add 3 hours for EST



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I put the ELITE in EliteTrader

 

[Gustaf]

Good I encourage everyone to post their real trades and its reasoning here. Thats what the forum is all about.

 

[Gustaf]

With QQQ at 53.51, volatility of 30.81% and 4 days left there is a 37.23% change of QQQ expiring at 53.00 or less.

What is your reasoning with this trade?

I think volatility will go down (bad for you value of the put) also.

 

[ForexForex]

Quote from ForexForex:
08-15-11 03:49 PM

Buy QQQ 53 Put - Live trade in progress.

I have decided to make some changes to my original plan and buy a put instead, 2 strikes OTM and enter a day early.

• QQQ @ $54.22
• Buy QQQ Aug 2011 53.00 Put @ $0.3127 http://finance.yahoo.com/q?s=QQQ110820P00053000
• Total debt $31.27 commissions included.
• Last day of trading August 19, 2011.
• Will update when I close position.

UPDATE - POSITION CLOSED

• Sold the QQQ Aug 2011 53.00 Put @ $0.41 http://finance.yahoo.com/q?s=QQQ110820P00053000
• P/L $8.45 / + 27% commissions included.

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I put the ELITE in EliteTrader

 

[probe1957]

Nevermind.

 

[atticus]

Wait.... there are REAL one lots? No f**king way. Photoshopped.

 

[ForexForex]

QQQ Trade #4. I just opened the following trade a few minutes before market closed.

QQQ 53P / 54C strangle - Live trade in progress.

• QQQ @ $53.58
• Buy QQQ Aug 2011 53.00 Put @ $0.2514 http://finance.yahoo.com/q?s=QQQ110820P00053000
• Buy QQQ Aug 2011 54.00 Call @ $0.2602 http://finance.yahoo.com/q?s=QQQ110820C00054000
• Total debt $51.16 commissions included.
• Last day of trading August 19, 2011.
• Will update when I close position.

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I put the ELITE in EliteTrader