The Q's have reached to the top of my trend channel and it looks like the move the past couple of days has reached an exhaustion point. So I'm now thinking the Q's will start to head lower from here over the next couple of days.
For this trade I bought 20 contracts of the Feb 29 Puts on the QQQQ (QAVNC) with a cost basis of $1.05. If the market continues to go higher today, I may add another 20 contracts at a lower price.
For this trade I bought 20 contracts of the Feb 29 Puts on the QQQQ (QAVNC) with a cost basis of $1.05. If the market continues to go higher today, I may add another 20 contracts at a lower price.
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