Replies to post #4670 on DayTrading QQQ Swings (QQQ)

[blasher]

FILLED IN . . . ...

Instead of Closing my existing Down position ...
I sold covered options against it
BECAUSE, the System has alerted me of a pending UP coming now.
So, I Sold Short some Put Options with further out of the money
Strike Price than the ones I own Long (28 vs 29).

SLD 2 QQQQ Option APR09 28 PUT QAVPB 0.48 NASDAQOM(USD) 13:44:01 EDT on Wed, 25 Mar 2009

We shall see.

SO, I now have a Short bias 1.5 to 1