Quick Day Trade

By Mark on July 25, 2008 9:46 AM | 0 Comments
The Q's opened up this morning heading down and the charts are telling me we still have some more downside from here before we head back up.

So I took a small position for a day trade today to play this downside move.

I bought 20 contracts of the QQQQ Aug 44 puts (QQQTR) with a cost basis of $0.80 this morning and I expect to be out somewhere in the $0.90 area sometime today.

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