No roundtrip trades today. But, I did buy QQQQ puts ITM and OTM before the close. I believe today was painting the tape, end of month normal prop up, Going to hold these puts a few weeks since i think we get a big correction to the down side next week. We shall see. I bought puts, little risk and heavily liquid were the reason i used the QQQQs. hopefully I will have my stats uptodate tonight!
No trades today, still holding the following positions from Friday QQQQ Puts Expiration May 21st strikes : $35 QTY. 35 @ .55 strikes: $34 QTY. 100 @ .25 I see no catalyst for moving higher. Earnings and guidance sucked and macro events could come back into play all leading to a big move to the downside of 10 percent imo. We shall see, but I liked the institutions propping up the market for the month end on friday. No we freefall I also have some covered calls on an individual stock. The month of May is mine
my exit strategy is to sell them after we get a 6 percent move to the downside, which i think could happen tomorrow. If not tomorrow definitely by next friday