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.
Jamie Dimon Warns Of Forces That “Continue To Shift Under The Surface,” As
Half Of Russell 3000 Stocks Sit In A Bear Market With The S&P 500 Near
Records
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Jamie Dimon says dangerous forces are shifting beneath a seemingly calm
surface, and the stock market tells a strikingly similar story. The index
near reco...
5 minutes ago
2 comments:
I love to buy QQQQ puts. That is most of my trading of late. Drop over to my blog and if you like add me to your blog list. I will put your link up on my site.
Jay
http://pinoytrader.blogspot.com/
Hi Pinoy Trader!
I think we may have met or chatted on Wallstreak perhaps (http://www.wallstreak.com)? Good to hear from you and I am adding your blog. Great blog by the way. I also signed up for momostocktrader@yahoo.com so I could be a follower/friend on your blog also. Good to hear from you and let's keep in touch. BTW I sold some of those QQQQ puts way to early, need to update my post with the results.
Momo Stock Trader
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