QQQ bounceback...where is it going

The cubes have bounce back today after a vaugue bottom signal...however things have been complicated due to the sudden gap up:

That sudden gap up is the wild card as it just blew half way up the scale so that puts us in unknown territory.
But what this DOES do is make us take a look at our ETFs. So we are going to get out with decent coin.

We are going to sell our XLE put:

XLE Jan 2015 77.000 call (XLE150123C00077000)

 -OPR

2.85 0.00(0.00%) 1:34PM EST

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Prev Close:	3.25
Open:	2.85
Bid:	3.10
Ask:	3.45
Strike:	77.00
Expire Date:	23-Jan-15

Note the bid and ask range. We are out at 3.20.

IYE Jan 2015 44.000 call (IYE150117C00044000)

 -OPR

1.00 0.00(0.00%) 1:47PM EST

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Prev Close:	1.00
Open:	0.55
Bid:	1.10
Ask:	2.05
Strike:	44.00
Expire Date:	17-Jan-15

And we are going to sell our IYE at 1.50, right between the bid and the ask.

Thats all for this afternoon,
Mark