Dow Jones Industrial Average (DJI)

[EquityTrader]

The only way I'm trading this is with covered calls at the moment. I want to do a straddle here and aim for PUTS. But, I'm having a hard time fighting the trend (which for me is keeping QQQ between 56-58). It just looks toppy and with all the potential in Europe...it looks like it will fall. HOWEVER, in my 25 years of investing if we can make it past November 1st without a major blow up we are safe for a Santa Claus Rally. But, probably enough to make a straddle work...so, back to the covered calls. Probably next really good short opportunity is January. No long opportunities in the mix for now.