STC 20 Contracts of QQQ March 18 2016 104 Call @ $1.92 I will not be available to monitor the trade, so I bailed. The index may continue the uptrend tomorrow, but will likely trade lower than today's close; that will be the right time to buy Call Options. I will try more index trades this week... Next...
I won't recommend Put Options yet. The weekly chart favors uptrend, though the market may drop a little lower than last week's high, so I think it is dangerous to short QQQ. But then, my prognosis could be wrong. Please follow your trading rules. Thanks for posting!
Five trades; no loss yet! Account value is $5,248.04. Will check the account for profit/loss return later. Nothing much yet! Still experimenting with index options. There are two advantages in trading index options, which are small bid/ask spread and not having to search for trades. Apart from that, I prefer stock options.
Whoa! What a steady climb up! Thought the uptrend was going to be brief, but then I watched as the trend climbed up steadily. Oddtrader, how did you fare in the market? .