I just bought some puts for what I think/hope will be a quick swing trade. I'm thinking I will be out on Monday or Tuesday of next week. The Q's are showing an overbought condition and I think we will head down to retest the $49.00 level again before we head back up.
So I bought 40 contracts of the QQQQ Jun 49 puts (QQQRW) with a cost basis of $0.50.
I think we will eventually head up to the $55.00 level on the Q's, I'm just trading this quick move to the downside.
So I bought 40 contracts of the QQQQ Jun 49 puts (QQQRW) with a cost basis of $0.50.
I think we will eventually head up to the $55.00 level on the Q's, I'm just trading this quick move to the downside.
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