Trying the Puts Again

By Mark on July 25, 2008 3:50 PM | 0 Comments
The Q's have had a nice up move today and they have reached the upper end of my trading trend channel. So I'm going short again at the close of the market today in anticipation of some downside next week.

I purchased 40 contracts of the QQQQ Aug 44 puts (QQQTR) with a cost basis of $0.60.

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