Yesterday my trade was looking terrible and at one point I was down over 50% on the trade. Well today I was vindicated. The Q's and the market in general has had a nice break down and I'm taking my profits here before the weekend. The Q's have gotten down into over sold territory and I'm taking what I can.
So for recap in this trade I had 40 contracts of the Feb $29 puts on the QQQQ (QAVNC) with a cost basis of $1.00. I sold them for $1.10 which gave me a small 10% gain on this trade.
So for recap in this trade I had 40 contracts of the Feb $29 puts on the QQQQ (QAVNC) with a cost basis of $1.00. I sold them for $1.10 which gave me a small 10% gain on this trade.
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