Vlispxpert's Underground

[vlispxpert]

Here's a live time example with QQQ 333.50 currently:

331 may 30's are 1.75 right now
if I want to buy 1 month out for same price of 1.75 it's

June 23 309 puts is 1.74 right now...


see how the strike price gets too far, now let's look at near price $5 out:

June 23 329's are 5.20

I try to stay under $2 for all my puts...it requires discipline & fortitude to stick with buying them when market continues running up like it did the previous 5 trading days...I kept loading, knowing I would win when market corrected...The best time to buy puts cheaply is when market going gangbusters up, but you have to keep your head & keep buying new strikes up until market comes to you...I actually went 70% of my account in puts yesterday...sold 334-336's today for nice profit...Here we are today, great day today ;)

I'm down to 35% of account in puts now...ooooh yeah!