Going Long Again with Calls

By Mark on October 9, 2008 10:17 AM | 0 Comments
You would think I would learn, but I'm trying the long side again. This time I'm going with November contracts since October closes next week and time is not on my side if I'm wrong. I'm also still sticking with my very conservative strategy of small money and less than 10% of the portfolio on each trade.

I purchased 5 contracts of the QQQQ Nov 35 Calls (QQQKI) at a cost basis of $1.75.

I'm keeping this trade on a short leash and will stop out if we break below $33 on the Q's.


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