Bought QQQQ JAN 50 Call (QQQAX)

By Mark on January 4, 2008 10:07 AM | 0 Comments
I just bought 50 contracts for QQQQ JAN  50 Call (QQQAX) at a price of $0.88. The total cost basis is $4,450 which represents almost half of my trading funds for this account.

My stop will be the lows of today which is a Q price of $49.53.

I expect this move will take the Q's up to the $51 area sometime next week.

Categories:




Leave a comment

Recent Entries

Taking My Profits On Nice Breakdown
Yesterday my trade was looking terrible and at one point I was down over 50% on the trade. Well today…
By Mark | Comments (0)
Trying the Puts Again
I had some fairly good timing on yesterday's trade. Well the market turned up right after I took my profits…
By Mark | Comments (0)
Took My Profits
I decided to take my profits on my trade today at the 25% level. Not bad for a single day.…
By Mark | Comments (0)

Categories

Monthly Archives

Tag Cloud

Twitter Updates