Swing/Position Trades

[VictorS]

Originally posted by asad147a
Can I also post my trades here ?

Current Positions

QQQ - August 24 Puts Bought at 0.90

Care to enlighten us on your reason for buying puts???time period?? targets??

 

[asad147a]

Originally posted by VictorS
Care to enlighten us on your reason for buying puts???time period?? targets??

May be timing was not that correct but I have a feeling that Friday move was too big for the market. Some selling can be expected next week with possible earnings warnings by big guys.

Another point : I also can use this put as insurance policy for going long on the same.

QQQ=Resistance area is 26.50 - 27.

 

[torntech.com]

Originally posted by asad147a


May be timing was not that correct but I have a feeling that Friday move was too big for the market. Some selling can be expected next week with possible earnings warnings by big guys.

Another point : I also can use this put as insurance policy for going long on the same.

QQQ=Resistance area is 26.50 - 27.

Tomorrow we will probably see QQQ between 23.0 - 25.5 The selling will remain.

 

[dgabriel]

Originally posted by asad147a
Can I also post my trades here ?

Current Positions

QQQ - August 24 Puts Bought at 0.90

Sure, post them.

I think the Friday move has more upside.

 

[BillyG67]

Im going to have to agree with Dgabriel i think we have some left on the upside might get a little selling early then a slow steady move up

 

[dgabriel]

SOld QQQs 25.35 + 1.29

 

[dgabriel]

SPY chart from 117 high to today

 

[VictorS]

Originally posted by dgabriel
SPY chart from 117 high to today

very interesting. will have to look into that more. how common is that type of trading (an "x" point movement and then a reaction)?

 

[dgabriel]

It happens a lot. Measured moves. A wave of selling, then a letup, then a similar force wave, etc. But once they become obvious, they often cease to continue.

 

[dgabriel]

Looks like a move to 96-97 on the SPY in the works.

Lots of volatility here.