Monday, September 19, 2005

Mid morning update

QQQQ is still slowly falling, which is fine with me. Currently the Q's are trading at $39.11/$39.12 and the QQQVM (Oct 39 puts) are at $0.55/$0.60. 10% up already. I didn't invest a large postion size as my risk would be too large. This system should setup for about 90% in actual QQQQ stock and the other 10 percent in options while holding a 2% stop on the stocks. It's tough to gauge the stop parameters for the options as a 2% move in the stock can relate to a 50% move in the option. Especially when you're playing them ATM (at the money).

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