AS OF 30 MINUTES BEFORE OPEN QQQ @ 290.40 (ALMOST $2.00 GAP)
WE ARE GOING TO BE PATIENT AND LET THE FIRST 30 MINUTES RANGE SETUP
IF MONDAYS LOW IS < -$1.00 BELOW MONDAYS OPEN (MOP) WE WILL BE BUYING THE OCT 23RD 294 CALLS (UNDER $2.30)
IF MONDAYS LOW IS > -$1.00 BELOW MOP THAN WE WILL CONTINUE TO BE PATIENT AND LOOK TO BUY THE CALLS AFTER 1PM(CENTRAL TIME) OR EARLY TUESDAY
WE ARE LOOKING FOR A BUY AND HOLD THAT WE CAN HOLD 2-3 DAYS
FIRST TARGET IS FRIDAY HIGH 293.26
ULTIMATE TARGET IS MONDAY HIGH 297.46
BE PATIENT!!!
WE ARE GOING TO BE PATIENT AND LET THE FIRST 30 MINUTES RANGE SETUP
IF MONDAYS LOW IS < -$1.00 BELOW MONDAYS OPEN (MOP) WE WILL BE BUYING THE OCT 23RD 294 CALLS (UNDER $2.30)
IF MONDAYS LOW IS > -$1.00 BELOW MOP THAN WE WILL CONTINUE TO BE PATIENT AND LOOK TO BUY THE CALLS AFTER 1PM(CENTRAL TIME) OR EARLY TUESDAY
WE ARE LOOKING FOR A BUY AND HOLD THAT WE CAN HOLD 2-3 DAYS
FIRST TARGET IS FRIDAY HIGH 293.26
ULTIMATE TARGET IS MONDAY HIGH 297.46
BE PATIENT!!!
Trade active:
QQQ'S OBVIOUSLY DID NOT HOLD -$1.00 FROM THE MOP 290.51. ALSO MON LOW < FRI LOW. WE ARE WAITING PATIENTLY FOR A GREAT CALL BUYING OPPORTUNITY.
WE ARE NOW LOOKING AT 291 CALLS AROUND $2.00 ENTRY PRICE
WE ARE NOW LOOKING AT 291 CALLS AROUND $2.00 ENTRY PRICE
Trade active:
IF THERE IS CONTINUED WEAKNESS INTO THE CLOSE TODAY WE WILL MOVE TO THE 290 OCT 23RD CALLS AROUND $2.00. DEPENDING ON THE CLOSE TODAY VERSUS THE LOW WE WILL CONSIDER A 1/4 POSITION HELD OVERNIGHT, AND LOOK TO ADD TO POSITION EARLY TUESDAY. WE WILL UPDATE BEFORE THE CLOSE TODAY
Comment:
BUYING 288 OCT 23RD CALLS INTO THIS LOW. PAYING UNDER $2.00 AND ONLY 25% POSITION. HOLDING OVERNIGHT
Comment:
WE ARE BUYING 288 CALLS INTO THIS LOW . AVG NOW $1.85 WITH ORDERS WORKING AT $1.65 AND 1.55 GTC. LOOKING FOR 50% MINIMUM ROI TARGET