Replies to post #182 on Invesco QQQ Trust Series 1 (QQQ)

[farooq]

Roy,
Great trade, I hope you will navigate it properly.

I will not post any trade today, busy in and out.

I will try to read and post when possible.

Happy trading.


Farooq

[royg1927]

Sold QID Feb 52 puts at 1.05 for + .25 = +31%

Edit:

Farooq, good morning,

"..trade, I hope you will navigate it properly"

I do as well. Started the day with a worthwhile scalp.

Working IWM north and south on the other place as well. Doing okay. Currently in Feb 71 puts are well into green.

Last day and all options trades at this desk start in the money.

Time premiums are essentially zero, so options move virtually penny for penny with the underlying stock. Can often be the best day of the month for an intraday trader. If he doesn't screw up and get on the wrong side, been there done that.