ETF-OPTIONS

ETF-OPTIONS Updated 

AFTER 19 YEARS OF TRADING THE QQQ'S WE SEE SEVERAL SIMILAR PATTERNS. ONE PATTERN IS FRIDAY'S OPEN BELOW THURSDAY'S LOW. WHAT WE EXPECT IS AN INITIAL BOUNCE OF $2.00+ AND WE WILL BUY 275 CALLS SOON AFTER THE OPEN. THEN WE WILL BUY 276 PUTS AND THEN SELL OUR 275 CALLS ONCE QQQ FAILS TO MAKE HIGHER HIGHS. WE WILL SELL OUR CALLS IF QQQ ACCEPTS BELOW VWAP OR WE WILL...

ETF-OPTIONS Updated 

THIS CAN GO EITHER WAY...BUT WE HAVE THE PLAN FOR BOTH!

ETF-OPTIONS Updated 

SO FOR THE WEEK WE HAVE MADE TWO OPTION TRADES: MONDAY BOUGHT 278 CALLS AT $2.20 WEDNESDAY SOLD CALLS AT $4.35 = 93% ROI WEDNESDAY BOUGHT 278 CALLS AT $2.70 AND $2.00 ($2.35 AVG) THURSDAY OPEN ABOVE WEDNESDAY HIGH WILL PRICE THESE CALLS OVER $4.50+ (AS WE WRITE THIS THE Q'S ARE TRADING AT 281.84) (PAID $2.35 SO $4.70 IS 100% ROI ... (WHY WOULDN'T WE SELL 1/2 OUR...

ETF-OPTIONS Updated 

WE ARE LOOKING TO CAPITALIZE ON THIS MOVE LOWER! IF WE STAY ABOVE 276.61 INTO WEDNESDAY'S CLOSE WE ARE BUYING OUR SAME CALLS BACK... OCT 2ND 278 QQQ CALLS UNDER 2.75.

ETF-OPTIONS Updated 

ON MONDAY WE STATED WE WERE GOING TO BUY OCTOBER 2ND 278 CALLS ($1.80-$2.00) WE PAID $2.20. OUR TARGET ROI WAS 50% AND AS OF WEDNESDAY MORNING THE CALLS ARE AT $4.25...WE STILL EXPECT $280.45 MINIMUM TARGET TO BE REACHED THIS WEEK, SO WE ARE PLACING A TRAILING STOP AT $3.30 WHICH WILL LOCK IN OUR MINIMUM ROI OF 50%. AS LONG AS WE STAY ABOVE THE VWAP WE SHOULD...

ETF-OPTIONS

THE TREND IS UP FOR THIS WEEK IF TUESDAY'S LOW IS ABOVE TODAY'S LOW 273.86. WE ARE EXPECTING VOLATILITY, BUT THE Q'S WILL WORK UP TO 280.45 BY THIS FRIDAY! WE WILL BE POSTING A DIFFERENT EXIT STRATEGY IF WE RUN OUT OF STEAM WEDNESDAY. IT IS PAYROLL FRIDAY AND THE STATS SAY THE Q'S WILL WORK UP TO A FRIDAY HIGH FOR THE WEEK. KEEP THE FAITH AND BE...