I got back from lunch and checked in with the markets. There has been some nice steady action in the Q's and it sure did fill that gap from this morning. If I didn't have meetings most of the day I would have placed an order to buy calls when I sold my puts. But that is one lesson learned that I have taken to heart. If I'm not able to watch the action through out the day, then I shouldn't have any open positions. That has really bitten me in the past.
The Q's seem to be riding up a nice channel today after the volatility in the morning, it bounced off that lower trend channel line so I enter a call position that I expect to ride for the next couple of days (or hours if it gets too extended quickly.)
I entered 10 call contracts of Mar 44 QQQCR at a price of $1.35.
The Q's seem to be riding up a nice channel today after the volatility in the morning, it bounced off that lower trend channel line so I enter a call position that I expect to ride for the next couple of days (or hours if it gets too extended quickly.)
I entered 10 call contracts of Mar 44 QQQCR at a price of $1.35.
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