Tag Archives: $QQQ

So…Now What?

I’m not one for making prognostications about where the market is headed, therefore I have a hard time saying that we, at the very least, will retest the lows from August (nothing in the stock market is a foregone conclusion)…but … Continue reading

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Late Night Update

I’ve been busy with a new project today so I haven’t time to delve into anything pertaining to the stock exchange this evening. I did liquidate the call section of the $QQQ strangle position that I started last week at … Continue reading

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$QQQ Strangle

My apologies for the delay in this post…migraines suck. Before the FOMC statement, I started a trade aimed at taking advantage of the volatility inherent in market declines.  My rationale for the trade was outlined in this post. The trade … Continue reading

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Trading Volatility

After seeing the futures reverse from –300 to being up +200, I have come to the realization that trying to trade directionally in this market is damn near impossible.  Today, my efforts have turned to: how to try and profit … Continue reading

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Degenerate Trader Who Hates America

Ok, not really…but I did buy a degenerate position in the $QQQ 53 weekly puts this morning @ 0.13 and sold them an hour later at 0.51.  I was willing to lose the entire premium, so it was a very … Continue reading

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Closed

Well, with the price of $QQQ dropping below 57 and showing no sign of recovery, I decided to cast off both my Aug 58 and 60 call positions for less than a 1% loss. Not only was the price of … Continue reading

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Today at the Stock Exchange

Let’s take a peek at the updated chart of $QQQ that I first posted last night. The 57 area that I identified on the chart probably holds some significance, no?  I like round numbers.  In honor of keeping things simple, … Continue reading

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