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Starting new LT position in QQQ puts


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#1 dTraderB

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Posted 16 February 2018 - 10:30 AM

Would have preferred to wait until Tuesday but it is Options Ex and I may be able to get fills on limit with QQQ spikes up.

 

I am going for fairly expensive QQQ puts with May or June ex, deep in the money e.g. QQQ 170 or higher strikes

 

I may hedge but don't like to. 

 

Of course, will continue with highly profitable day-trading S&P Futures with occasional NQ trades. I don't like to trade NQ Futures and QQQ options at the same time. These should be separate trades but, psychologically, they seem to interfere with each other and blurs the focus.

 

If you are trading S&P and not making at least 25 points per lot  during the past few weeks then you should seriously consider something else. Even if you put up an MACD in 5-min or even 2-min charts you should be raking it in.


Edited by dTraderB, 16 February 2018 - 10:32 AM.


#2 libertas

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Posted 16 February 2018 - 11:57 AM

The VIX slammers are working hard to make puts cheap again!


Edited by libertas, 16 February 2018 - 11:57 AM.


#3 dTraderB

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Posted 16 February 2018 - 01:35 PM

The VIX slammers are working hard to make puts cheap again!

 

Yeah, it's back to "normal"



#4 dTraderB

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Posted 16 February 2018 - 01:38 PM

13:32
PowerShares QQQ gives up earlier gains as price sinks back to near flat/slightly negative on this Friday Expiration session....  (165.10 -0.60)


#5 opinionated

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Posted 18 February 2018 - 12:27 PM

I think you'll be making money into This Wends. close or Thursdays open 2690-2715but expect a strong rally again out of this low to the 2780-2800 area

 

I wanted short friday, but held off because of time decay over a three day weekend. Hoping for flat to up to load the boat.

 

I see buy the pullbacks until the 7-9 of march.

 

Best