WEDNESDAY QQQ CALL TRADE 100%+ ROI AT THE OPEN ???
SO FOR THE WEEK WE HAVE MADE TWO OPTION TRADES:
MONDAY BOUGHT 278 CALLS AT $2.20
WEDNESDAY SOLD CALLS AT $4.35 = 93% ROI
WEDNESDAY BOUGHT 278 CALLS AT $2.70 AND $2.00 ($2.35 AVG)
THURSDAY OPEN ABOVE WEDNESDAY HIGH WILL PRICE THESE CALLS OVER $4.50+ (AS WE WRITE THIS THE Q'S ARE TRADING AT 281.84)
(PAID $2.35 SO $4.70 IS 100% ROI ... (WHY WOULDN'T WE SELL 1/2 OUR POSITION NEAR THE OPEN?)
REMEMBER PIGS GET FAT AND HOGS GET SLAUGHTERED!
THURSDAY LOOKS TO GAP UP AND OPEN ABOVE WEDNESDAY 281.08 HIGH...SO WE AGAIN DO NOT WANT TO BE GREEDY AND WILL SELL HALF OUR CALLS SHORTLY AFTER TODAY'S OPEN, AND IF THE FIRST MOVE AFTER OPEN IS HIGHER WE WILL SELL OUR REMAINING POSITION INTO THAT FIRST LEG UP.
OUR REASONING IS WE EXPECT SOME GAP FILLING:
THURSDAYS OPEN > WEDNESDAY HIGHS
20% GAP FILL <-$1.00
80% GAP FILL >-$1.00
30% GAP FILL >-$2.00
IF WE END UP SELLING EVERYTHING, AND THEN Q'S BREAK DOWN AND THE MARKET TRIES TO FILL SOME OF THE GAP WE WILL LOOK TO BUY BACK OUR CALLS. THE KEY FOR SUCCESS REPURCHASING CALLS IS WE MUST SEE THE Q'S GET BACK ABOVE ITS VWAP. WE FAIL TO GET BACK ABOVE VWAP WE WILL CONSIDER SELLING OUR CALLS WE REPURCHASED CHEAPER!
SCENARIO #1: THURSDAY GAP UP AND THURSDAY CLOSE > OPEN = FRIDAY HIGH WEEK 99%
SCENARIO #2: THURSDAY GAP UP AND THURSDAY CLOSE < OPEN = THURSDAY HIGH WEEK 88%
SINCE WE ARE SELLING HALF OUR CALLS WE WILL LOOK TO BUY BACK THOSE CALLS WE TAKE PROFIT ON ONCE A NICE BOTTOM FORMS.
REMEMBER YESTERDAY WE TOOK PROFIT WHEN WE WERE NEARLY UP 100% ON OUR FIRST TRADE. IF WE HAD NOT SOLD THOSE AT $4.35 WE WOULD NOT HAVE BOUGHT THEM BACK AT $2.35 AVG. (SAME THEORY AT THE OPEN. THE MAIN DIFFERENCE IS WHEN WE SOLD YESTERDAY QQQ HAD BEEN TRADING FOR COUPLE HOURS (WITH A HUGE RUN UP) AND THERE WAS NO GAP TOO FILL (WE SOLD EXPECTING A PULLBACK TO RE ENTER THE SAME TRADE)...TODAY'S OPEN IS A HUGE GAP FROM WEDNESDAY'S CLOSE.
LIKE WE SAID ON MONDAY IT IS PAYROLL WEEK, AND WHEN IT RALLIED MONDAY AND FOLLOWED THRU TUESDAY WE HAD HIGH PROBABILITY % THAT THE HIGH FOR THE WEEK WOULD BE FRIDAY.
THIS IS WHAT OUR SUBSCRIBERS GET FROM US EVERY DAY 30 MINUTES BEFORE THE OPENING BELL...
GOOD LUCK
MONDAY BOUGHT 278 CALLS AT $2.20
WEDNESDAY SOLD CALLS AT $4.35 = 93% ROI
WEDNESDAY BOUGHT 278 CALLS AT $2.70 AND $2.00 ($2.35 AVG)
THURSDAY OPEN ABOVE WEDNESDAY HIGH WILL PRICE THESE CALLS OVER $4.50+ (AS WE WRITE THIS THE Q'S ARE TRADING AT 281.84)
(PAID $2.35 SO $4.70 IS 100% ROI ... (WHY WOULDN'T WE SELL 1/2 OUR POSITION NEAR THE OPEN?)
REMEMBER PIGS GET FAT AND HOGS GET SLAUGHTERED!
THURSDAY LOOKS TO GAP UP AND OPEN ABOVE WEDNESDAY 281.08 HIGH...SO WE AGAIN DO NOT WANT TO BE GREEDY AND WILL SELL HALF OUR CALLS SHORTLY AFTER TODAY'S OPEN, AND IF THE FIRST MOVE AFTER OPEN IS HIGHER WE WILL SELL OUR REMAINING POSITION INTO THAT FIRST LEG UP.
OUR REASONING IS WE EXPECT SOME GAP FILLING:
THURSDAYS OPEN > WEDNESDAY HIGHS
20% GAP FILL <-$1.00
80% GAP FILL >-$1.00
30% GAP FILL >-$2.00
IF WE END UP SELLING EVERYTHING, AND THEN Q'S BREAK DOWN AND THE MARKET TRIES TO FILL SOME OF THE GAP WE WILL LOOK TO BUY BACK OUR CALLS. THE KEY FOR SUCCESS REPURCHASING CALLS IS WE MUST SEE THE Q'S GET BACK ABOVE ITS VWAP. WE FAIL TO GET BACK ABOVE VWAP WE WILL CONSIDER SELLING OUR CALLS WE REPURCHASED CHEAPER!
SCENARIO #1: THURSDAY GAP UP AND THURSDAY CLOSE > OPEN = FRIDAY HIGH WEEK 99%
SCENARIO #2: THURSDAY GAP UP AND THURSDAY CLOSE < OPEN = THURSDAY HIGH WEEK 88%
SINCE WE ARE SELLING HALF OUR CALLS WE WILL LOOK TO BUY BACK THOSE CALLS WE TAKE PROFIT ON ONCE A NICE BOTTOM FORMS.
REMEMBER YESTERDAY WE TOOK PROFIT WHEN WE WERE NEARLY UP 100% ON OUR FIRST TRADE. IF WE HAD NOT SOLD THOSE AT $4.35 WE WOULD NOT HAVE BOUGHT THEM BACK AT $2.35 AVG. (SAME THEORY AT THE OPEN. THE MAIN DIFFERENCE IS WHEN WE SOLD YESTERDAY QQQ HAD BEEN TRADING FOR COUPLE HOURS (WITH A HUGE RUN UP) AND THERE WAS NO GAP TOO FILL (WE SOLD EXPECTING A PULLBACK TO RE ENTER THE SAME TRADE)...TODAY'S OPEN IS A HUGE GAP FROM WEDNESDAY'S CLOSE.
LIKE WE SAID ON MONDAY IT IS PAYROLL WEEK, AND WHEN IT RALLIED MONDAY AND FOLLOWED THRU TUESDAY WE HAD HIGH PROBABILITY % THAT THE HIGH FOR THE WEEK WOULD BE FRIDAY.
THIS IS WHAT OUR SUBSCRIBERS GET FROM US EVERY DAY 30 MINUTES BEFORE THE OPENING BELL...
GOOD LUCK
Trade active:
WITH 30 MINUTES BEFORE THE OPEN THE Q'S ARE TRADING AT THE 282 LEVEL.
WE "WILL" BE SELLING 1/2 HALF OR OCT 2ND 278 CALLS AT $4.70+ WHICH WILL BE 100%+ PROFIT FROM THE WEDNESDAY BUY AT $2.35.
WE WILL SELL OUR REMAINING 1/2 HALF IF THE FIRST MOVE IS HIGHER.
WHAT IS TO BE DETERMINED IS CAN THE FIRST HIGH ESTABLISHED AFTER THE OPEN BE BROKEN!
DO NOT BE GREEDY!!!
WE "WILL" BE SELLING 1/2 HALF OR OCT 2ND 278 CALLS AT $4.70+ WHICH WILL BE 100%+ PROFIT FROM THE WEDNESDAY BUY AT $2.35.
WE WILL SELL OUR REMAINING 1/2 HALF IF THE FIRST MOVE IS HIGHER.
WHAT IS TO BE DETERMINED IS CAN THE FIRST HIGH ESTABLISHED AFTER THE OPEN BE BROKEN!
DO NOT BE GREEDY!!!
Trade active:
WE SOLD 1/2 HALF OUR 278 CALLS AT $4.80 JUST AS THE MARKET OPENED
Trade closed: target reached:
WE SOLD OUR REMAINING CALL POSITION AT $4.75 WHEN QQQ'S FAILED TO MAKE A HIGHER HIGH.
NOW WE ARE LOOKING FOR A BASE TO BUY THEM BACK... WE WILL BE ADDING BACK ONCE WE STOP MAKING LOWER LOWS.
NOW WE ARE LOOKING FOR A BASE TO BUY THEM BACK... WE WILL BE ADDING BACK ONCE WE STOP MAKING LOWER LOWS.