Al_Dente wrote:cougar wrote:QQQ today:
Cougar: I forget yr numbers, and we dropped out of the triangle a smidge, but I think maybe you keep some fat premiums from nakeds ? Do u let them just expire today, or u flatten here and there?
PS: What do you do with all that money out in the boonies? Use it for kindling?
PS: dow sqz notables: BAC…WMT…HD… a few others
Hey AL! The calls will all expire worthless….
The puts were all bought back, as soon as the prices fell from the respective triangles for a small profit, since they were sold significantly earlier and their rise was compensated by loss of time premium.
At the same time I entered short QQQ, via puts, in 3 waves of buying. This is why I was showing those Q and NDX internals charts, indicating the SELL signals…. I kept those for 2 and ½ days…Now I am flat…
It was a good OpEx, but it required some fast interventions…
LOL...on the money...Now I am getting ready for TG... Girlfriend has grandiose gourmet plans...The ski-season is starting and lots of people are coming from back-east...