With the market having a follow through day on July 29th , 2008 it seems like we are headed higher from here for sometime, unless we get one or more distribution days and that undercuts the rally. With about 15 days into expiration left, and NDX being stuck in narrow sideways channel, here is [...]
Monthly Archives: July 2008
August NDX and RUT Trades closed
The market is up 200 today with NDX and RUT up 40 and 17 points at one time. This could be a follow through day as per Investors Business Daily- perhaps. I took the opportunity and closed both trades as the theta ( time decay ) is minimal and its tying up margins in our [...]
August Trades- Calendar spread QQQQ
QQQQ
SELL AUGUST 46 CALL BUY AUGUST 46 CALLS Net debit= 0.74
This is qqqq guerrilla trade for rapid gains next 20 days till expiration. Break even are 44.30 and 48.40 another leg can be added to this if QQQQ’s start trading down next week.
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