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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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