Replies to post #43820 on SPDR S&P 500 (SPY)

[steveftw]

Gleno - I'm flat for the balance of hte day; if I trade anymore Im breaking my trading plan.

But - I'd look for 41 +/- for the next bounce zone.

[Fox13]

Gleno: Yep, since you asked, that's how I play it: I have already QQQ QS, bought at avg. = 2.78, now last = 4.2. Just sold QQQ ON (Mar 40 puts) for 44c each. If those get to be at the money on 03/20 (as we both hope), I make 44 c + the additional profit from the May 45 puts which I own. If we have a bear market rally, I sell them for a profit, and then …many other possibilities. Like. NM would say: “sell and buy dem suckers“.