Winning

Winning

Wednesday, May 11, 2016

Get out of your put position, take the money

And another thing we are going to do today is we are going to enter into a spread. We just made money by exiting our put position, now I am looking at a chart that has this on it:

You can see there is a cup with a handle forming. Traditionally, this happens when there is about to be a climb. However, I expect a bit of chop before this breaks out, so I am going to recommend that you do a spread at the money on the QQQ with options, a call and a put option.

I wanted to find the chart, but I only have two minutes before close. One minute. Buy the spread before close.

Tradinginsider

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