Its a good feeling to be hedged and sitting here waiting for the ball to drop tomorrow.
I have QQQ calls and a QQQ leap put. Things are gonna roar, or they are going to drop, either way I win.
The reason why this straddle is going to win for me is the emotions and the coiled spring is so tight on this, the QQQ is going to blow north or south. If south, there is some room down as the cubes have demonstarted the last drop 3 weeks ago. And there is room at the previous levels it was trading at.
Thats all for today, I am going to the dentist.
See you tomorrow on Rates Day.
This evening I will write another post about peoples prediction of a rate increase.
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