Well due to the oil news there was a huge gap up in the markets today which is showing some pretty big strength to the upside. Our two puts are going to expire worthless on the QQQ DD....100% loss. That is going to take some time to recover. That should take about 3 weeks to dig out of that hole, perhaps 4. But the important thing is not to freak out, because overall this train rolls in positive territory. Its like now we are down at the craps table but we are going to battle our way back up again.
We are going to pay attention to that gap up in the QQQ and buy into it. Our in is below
QQQ Dec 2015 113.000 call (QQQ151231C00113000)
-OPR Watchlist
| Prev Close: | 0.43 |
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| Open: | 0.75 |
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| Bid: | 1.58 |
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| Ask: | 1.60 |
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| Strike: | 113.00 |
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| Expire Date: | 31-Dec-15 |
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| Day's Range: | 0.67 - 1.62 |
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| Contract Range: | N/A - N/A |
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| Volume: | 6,860 |
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| Open Interest: | 11,484 |
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That is all for today. Sometimes the news overrides techs, and that is something we just have to deal with.
Tradinginsider
1.18(274.42%) 2:53PM EST
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