The Q's are bouncing off the lows of the day and are currently down about 1.25% today. As we head into the close they have gotten very close to the lower trend channel and are close to the Stochastic crossover I have been waiting for. I suspect that we may get a gap up tomorrow morning so I'm placing my order at the close.
So I purchased 20 additional contracts on the QQQQ Sept 49 calls (QQQIW) with a cost of $0.70. This puts my average cost basis at $0.80 for this trade.
Here is the chart I was watching into the close. I'm expecting this short term move to take me back up to the $48.50 level over the next couple of days.
So I purchased 20 additional contracts on the QQQQ Sept 49 calls (QQQIW) with a cost of $0.70. This puts my average cost basis at $0.80 for this trade.
Here is the chart I was watching into the close. I'm expecting this short term move to take me back up to the $48.50 level over the next couple of days.
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