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
Wednesday, May 11, 2016
Home »
» Get out of your put position, take the money
Get out of your put position, take the money
12:59 PM
No comments
0 comments:
Post a Comment