Buy qqqq puts now June 16

Discussion in 'Options' started by Option_Trader32, Jun 16, 2008.

  1. I bought qqqq july 49 puts at 1.83. Hold into week of June 23.:)
  2. Whats your reasoning? Do you think July at the money IV is too low?
  3. I'm expecting QQQQ stock price will drop.
  4. allin


    I just sold my QQQQ Jul 49 calls @ 1.40, hope your right
  5. 50_Bip


    Let me get this straight, you actually placed a trade based on a post that you read on EliteTrader?

  7. allin


    Haha, i guess it sounded like that. No, I sold and got out because I needed the buying power for another trade.