A trading journal site following the in's and out's of the trading day through my eyes. Market sense and commentary. In no way should this be interpreted as a site for recommendations or stock picks. If you treat it as such, do so at your own risk and may God have mercy on your soul.
Monday, September 19, 2005
Long Oct 39 puts
I purchased the Oct 39 Puts at $0.50. Not really happy about that as I was trying to get filled at $0.40 on Friday and then again this morning. I moved the price up to $0.45 as the market showed $0.45/$0.50. Getting filled off the bid isn't that odd, but with the massive amount of volume on the Q's...it can take awhile. Then you're just chasing the position. I KNOW I want to be short (or long puts) so this isn't really a time to chase. But I know every $0.05 of options movement is a few bucks. QQQQ's were $39.30 at the time of my fill, currently they are falling slightly and the overall market seems to be turning red. Down we go? My system says so.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment