Winning

Winning

Tuesday, January 19, 2016

Partial Spread for Tomorrow..here it is.

I figured that there is a reversal bottom showing here with a double hammer. Providing there is no bad news overnight/early tomorrow morning, the market should bounce up a bit. But things are still a little scketchy with oil and China, because they might come out with some bad news.
So I have decided to go with a 2:1 ratio of calls to puts. This would be a Double down on the calls, and a single on the puts. I will be going out about a week or two in strike price with these as things are a bit uncertain, that way erosion wont east me alive. So here we are:
DD calls:

QQQ Jan 2016 101.500 call (QQQ160129C00101500)

-OPR
2.04 Down 0.20(8.93%) 3:30PM EST
Prev Close:2.24
Open:2.50
Bid:1.96
Ask:1.98
Strike:101.50
Expire Date:29-Jan-16
Day's Range:1.55 - 2.58
Contract Range:N/A - N/A
Volume:1,865
Open Interest:890
And now for the (single down) puts:

QQQ Jan 2016 101.500 put (QQQ160129P00101500)

-OPR
2.75 Down 0.02(0.72%) 3:23PM EST
Prev Close:2.77
Open:1.87
Bid:2.32
Ask:2.32
Strike:101.50
Expire Date:29-Jan-16
Day's Range:1.84 - 3.00
Contract Range:N/A - N/A
Volume:1,461
Open Interest:2,465
That is all for today, see you tomorrow! Pretty good today. 30% gain.

Tradinginsider

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