Replies to post #18338 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[John NY]

Hey Jenna, Glad to see you here and on new service.

I went for some Oct 30 QQQ Puts the start of Sept. as it looked like a steep move up there at $34 and after a number of up waves, a fairly large distance up from averages, 4 weeks almost straight line up, possible exhaustion, top of channel, and other reasons like earnings coming.

I normally would strangle and allow for profit on either side, but this time around I was a bit more bearish. Anyway, not much volatility and that's bad for strangles, so I actually saved by being on one side and not losing on both sides.

What do you make of the way this recent (since mid April) upswing seems to have V troughs and rounded peaks? On the one hand the bottoms come up fast - opportunities seen by buyers, on the other hand, there's a supply at the tops and the pauses are longer at the supply?

[jasonpate]

JQFCH are the March 45's, I'm assuming a typo and you mean the Nov 45 JQFKI at 4.20 x 4.40

[jenna]

Yep the 45 Novembers.. picked them up yesterday.. JQFKI..

[jenna]

Jason those JCOM 45 Nov calls phenomenal.. we didn't suggest holding the stock but we sure have those calls. October also fine. If you bought March you even did well (although I'd prefer if folks picked up October or November!)

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