Thursday, October 06, 2005

Closed out the Oct 39 Puts


Today the market rallied in my favor, which was basically a day of all red on my computer screen. The Q's dropped around $0.80 today to hit a low of $37.92 only to make a decent pop back up to close at $38.32...only $0.44 down. However, this move gave me some nice profits that I finally did cash in on. I sold my puts for $0.90 for a $0.45 gain overall. I tried to get out when the Q's were tanking and QQQVM was $1.15/$1.20 but as usual I waited to long and then lost another 20 cents or so. However, it's a good gain and as previously noted I was down big earlier this week. Nice comeback and perhaps a lesson learned. STOP OUT instead of hanging on.


Tomorrow should be interesting and I may just hang by the sidelines. Good trading!

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