Going Long with Calls

By Mark on January 14, 2009 2:49 PM | 0 Comments
The trading on the Q's have hit the lower end of my trading channel and I'm ready to go long for this trade. They are showing some near term support at this level and I think we head higher for the next couple of days.

So I purchased 20 contracts of the QQQQ Feb 30 Calls (QAVBD) with a cost basis of $1.05.

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