I just closed my open QQQQ calls before the Fed announcement. The street is expecting a full point decrease in rates, but I think they will only get 3/4. The market is also at a high right now and is at the very top of my trend channel. I would normally be selling at this point anyway.
I would much rather book my profits rather than risk the chance of loosing them all if the fed reacts differently than expected.
So I sold 20 contracts of Mar 42 in at $0.65 and out at $0.95 for a 46% gain.
I would much rather book my profits rather than risk the chance of loosing them all if the fed reacts differently than expected.
So I sold 20 contracts of Mar 42 in at $0.65 and out at $0.95 for a 46% gain.
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