Sell AAOI option, Sell CSIQ option as we approach QQQ top

I was looking at the QQQ. It looks like we are approaching a top, there is a possible inverted hammer top signal that just showed up today. While the weekly says there is still room to climb, the daily says that a pullback is coming soon.

I do believe that there may be some room upwards. But the majority of that climb is behind us as you can see. And the QQQ acts like waves on a beach. Climb, pull, climb, pull.
So while these two stocks should continue to climb until earnings, I dont want to kill the upward momentum of having the water rushing on backward. So we are going to sell our two options, AAIO and CSIQ.:

AAOI Nov 2014 15.000 call (AAOI141122C00015000)

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1.30 0.00(0.00%) 11:52AM EST

Prev Close:	1.30
Open:	1.30
Bid:	1.45
Ask:	2.25
Strike:	15.00
Expire Date:	22-Nov-14

CSIQ Nov 2014 32.000 call (CSIQ141122C00032000)

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2.90  0.50(20.83%) 12:02PM EST

Prev Close:	2.40
Open:	2.40
Bid:	2.60
Ask:	2.95
Strike:	32.00
Expire Date:	22-Nov-14

We got in the AAIO at 1.30. Even though no volume today happened as yet, you can see the bid and the ask jumped today from 1.45 to 2.25. Lets take just under the middle (we would trade with a limit order)  for 1.70. As for CSIQ we are grabbing the last price just sold, at 2.90. We got in at 2.15, so that is a nice profit. We are going to hold yellow. MMM is a lost cause, since it is so high and the option is worth practically nothing, we are going to hold in case something does happen. Yellow on the other hand is settling at 22 because of the price target Duetchbank put on it when it upgraded the stock. However, if there is a small crash or downward drift in the market over the next few days, it will take Yellow down with it, so that is good.

So we move out of the two options, and hold the other two.

That is all for today. As for tomorrow, I am going to be an election judge for 14 hours, I will return to this blog actively on Wednesday morning. Anything that APL does that we are holding will magnify by then to the upside or the downside as they report today after close.

Until then,
Mark