Registered: Jun 2010
05-14-12 09:11 PM
It took a few weeks to realize the QQQ moves up and down with earnings reports and news forecasts. IĻm a slow learner. I can only presume earnings reports have been down, for the past week or two?
Iīm still holding on some CALLS that are long underwater. It is just the QQQ has not moved enough to really allow me to do anything with them. I sort of wanted .40 cent moves and all we have been getting is .12 cent to .25 cent moves. So sitting on my hands and waiting has been the plan. I kind of wanted to jump in with some PUTS and turn my CALLS into a STRANGLE, but it never happened.
In the meantime I have a condor in a paper trade though and also a horizontal calendar spread, to see what happens with them. Iīm seriously wondering if I am going to recover from this past cash trade.
I fear a breakout down. My bet is up, if only for a little bit.