Replies to post #263600 on Option Millionaires

[Nolerman]

I'm going off the fact that QQQ stopped EXACTLY at the 61.8 Fib from the recent drop on the weekly. I believe the direction is down next week (hard for me to say this after the last 6 years). I am legging in because I don't know what will happen and want to be cautious. Short answer, I am holding less and less overnight until the market picks a direction. I like to carry a light ledger overnight so I can sleep better. I will keep the Puts, if nothing else, as a hedge so I can swing away on Calls for upside day trades should we get the pops.