The December 20th (monthly) QQQ $105 Puts that were just closed were opened November 26th.
With the Q's moving to fill the gap and toward the support level I mentioned last night and this morning, there's no use at all in sitting in a choppy zone for another day while the time decay eats away at the gains in those puts, I can always re-open a longer dated expiration/new position.
The P/L was as follows with the entry at $1.19
And the exit at $2.70
Making for about a +127% gain on the position, again it would have just been eaten away in another day of lateral chop with a max pain pin likely.
ALL core short positions are still open.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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