May be timing was not that correct but I have a feeling that Friday move was too big for the market. Some selling can be expected next week with possible earnings warnings by big guys. Another point : I also can use this put as insurance policy for going long on the same. QQQ=Resistance area is 26.50 - 27.
Im going to have to agree with Dgabriel i think we have some left on the upside might get a little selling early then a slow steady move up
very interesting. will have to look into that more. how common is that type of trading (an "x" point movement and then a reaction)?
It happens a lot. Measured moves. A wave of selling, then a letup, then a similar force wave, etc. But once they become obvious, they often cease to continue.