The markets are heading into a huge gap down this morning as the stock markets overseas have tumbled across the board. Stock futures are down the biggest I have ever seen.
S&P 500 (MAR) -66.50
| Nasdaq (MAR) -81.50 | Dow (MAR) -542
My open long calls will probably open worthless. The Q's are looking to open down. Here is a pre-market snapshot of trading. QQQQ: 43.30
2.05 (4.52%)
The positive spin for this is I only had 10 contracts. I also went to almost 100% cash in all my other brokerage accounts several weeks ago. So this huge decline will not hurt me that much.
There is money to be made with volatile swings like this. But I may just sit this one out.
S&P 500 (MAR) -66.50
| Nasdaq (MAR) -81.50 | Dow (MAR) -542 My open long calls will probably open worthless. The Q's are looking to open down. Here is a pre-market snapshot of trading. QQQQ: 43.30
2.05 (4.52%)The positive spin for this is I only had 10 contracts. I also went to almost 100% cash in all my other brokerage accounts several weeks ago. So this huge decline will not hurt me that much.
There is money to be made with volatile swings like this. But I may just sit this one out.
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