MONDAY STARTED WITH A BANG...AND OUR MOP TRADE MADE 200%! NOW THE QQQ'S ARE GOING TO NOT ONLY OPEN UNDER THE MOP, BUT IT IS OPENING AT A NEW LOW FOR THE WEEK!
WE DID NOT SELL ALL OF OUR CALLS AT THE CLOSE LIKE WE RECOMMENDED, AND NOW WE WILL HAVE TO WORK HARD TO CAPTURE PROFITS FROM THIS LARGE GAP DOWN AT THE OPEN.
WE ARE GOING TO BUY 290 OCT 16 CALLS AT THE OPEN (UNDER $2.00) AND HAVE THE EXPECTATION OF A MINIMUM HIGH OF 290.60 THURSDAY (MOP 290.60)
WE WILL HEDGE WITH 285 PUTS INTO THE FIRST HIGH THAT FAILS TO BE A HIGHER HIGH AND THEN SELL OUR 290 CALLS
WE EXPECT THEN A MOVE DOWN AND WILL HOLD OUR PUTS ONLY IF THE FIRST LOW IS NOT BROKEN.
THIS IS GOING TO BE A VOLATILE DAY AND BEING NIMBLE IS THE KEY!
MONDAY WAS A PUMP AND DUMP INTO TUESDAY AND NOW THE TIDE HAS TURNED.
UNLESS THURSDAY CAN CLOSE ABOVE WEDNESDAY'S LOW 290.26 OUR MODEL EXPECTS A FRIDAY LOW FOR THE WEEK
WE DID NOT SELL ALL OF OUR CALLS AT THE CLOSE LIKE WE RECOMMENDED, AND NOW WE WILL HAVE TO WORK HARD TO CAPTURE PROFITS FROM THIS LARGE GAP DOWN AT THE OPEN.
WE ARE GOING TO BUY 290 OCT 16 CALLS AT THE OPEN (UNDER $2.00) AND HAVE THE EXPECTATION OF A MINIMUM HIGH OF 290.60 THURSDAY (MOP 290.60)
WE WILL HEDGE WITH 285 PUTS INTO THE FIRST HIGH THAT FAILS TO BE A HIGHER HIGH AND THEN SELL OUR 290 CALLS
WE EXPECT THEN A MOVE DOWN AND WILL HOLD OUR PUTS ONLY IF THE FIRST LOW IS NOT BROKEN.
THIS IS GOING TO BE A VOLATILE DAY AND BEING NIMBLE IS THE KEY!
MONDAY WAS A PUMP AND DUMP INTO TUESDAY AND NOW THE TIDE HAS TURNED.
UNLESS THURSDAY CAN CLOSE ABOVE WEDNESDAY'S LOW 290.26 OUR MODEL EXPECTS A FRIDAY LOW FOR THE WEEK
Comment:
CORRECTION....HOLDING PUTS IF FIRST LOW BREAKS...SORRY
Trade active:
WE BOUGHT 290 CALLS @$1.35 WITH OCO TO SELL
2.70 LIMIT OR 1.60 STOP.
WE ARE NOW LOOKING TO BUY THE 288 PUTS UNDER $1.80-$1.50 SCALING IN
2.70 LIMIT OR 1.60 STOP.
WE ARE NOW LOOKING TO BUY THE 288 PUTS UNDER $1.80-$1.50 SCALING IN
Trade closed: stop reached:
WE HAVE SOLD OUR 290 CALLS WE HAD $1.25 AVG, AND WE FINALLY AFTER 6 HOURS HIT OUR 290.60 MINIMUM TARGET. WE SOLD AT $2.12 SO TODAY 70% ROI!!! HELPS MAKE UP FOR YESTERDAY'S TRADE SWIMMING UPSTREAM IN CALLS