Well I sold my QQQQ and bought some QQQQ puts today:
20 x 17-JUL-09 QQQQ 37 strike PUT, stop when QQQQ >= 37 (Paper Money Account)
1 x 17-JUL-09 QQQQ 31 strike PUT, no stop -risk entire option (Real Money)
This is based on my theory that after a good quarter, the market will drop down again in early July. In my paper money account, which is well capitalized, I bought at the money puts. In my real money account, I bought the highest strike that I could afford ;) Needless to say, we'll see if this hunch pans out. Yes I still need to review my trades, however, I've been so fearful of the market lately, it is good to get back into the market. We shall see.
Does Palantir (PLTR) Really Have What it Takes to Hit $200?
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Palantir (NASDAQ:PLTR) stock has continued to defy the laws of gravity
through the summer, gaining another 60% in the past three months, putting
Alex Kar...
7 minutes ago