Bought Puts on the Q's

By Mark on July 16, 2008 3:57 PM | 0 Comments
My short term market indicators are showing that with todays trading activity we have reached an over bought condition. So in the last 10 minutes of trading today I bought some puts on the Q's

I purchased 20 contracts of the QQQQ Aug 43 Puts (QQQTQ) at a price of $0.70.

Over the next couple of days I think we will be re-testing the mid $43 level.

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