There is no reason to be greedy. So I decided to take profits here on a trade that was meant to be a swing and turned into a day trade that lasted less than 3 hours.
The Pivots for the Q's today were as follows:
So I decided to take profits on this trade since we are seeing some resistance at the $49.90 level.
For recap I was in Jun 50 QQQQ calls at a cost basis of $0.50 and out at $0.86 which was a 72% gain on this trade.
The Pivots for the Q's today were as follows:
| R2 | R1 | Pivot | S1 | S2 |
| 50.39 | 49.90 | 49.43 | 48.94 | 48.47 |
So I decided to take profits on this trade since we are seeing some resistance at the $49.90 level.
For recap I was in Jun 50 QQQQ calls at a cost basis of $0.50 and out at $0.86 which was a 72% gain on this trade.
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