I sold my Jun 53 put contract in the qqqq's on Friday. I actually picked up this contract back in mid-Jan and set a limit order for $10.00 and it actually got filled at $10.08. The qqqq's are actually trading sub-$43.00 in after hours. I still feel there is going to be continued weakness and could very well trade sub-$40.00's. I will still be on the lookout to buy additional puts on the qqqq's with some deep in the money puts.
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Sunday, March 02, 2008
Weakness in NASDAQ
I sold my Jun 53 put contract in the qqqq's on Friday. I actually picked up this contract back in mid-Jan and set a limit order for $10.00 and it actually got filled at $10.08. The qqqq's are actually trading sub-$43.00 in after hours. I still feel there is going to be continued weakness and could very well trade sub-$40.00's. I will still be on the lookout to buy additional puts on the qqqq's with some deep in the money puts.
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