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
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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