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.
Market Recap 6/17/25
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Dow -299.29 at 42215.80, Nasdaq -180.12 at 19521.10, S&P -50.39 at 5982.72
S&P 500: +1.7% YTD Nasdaq: +1.1% YTD DJIA: -0.8% YTD S&P 400: -3.4% YTD
Russell ...
3 hours ago