Long - again: QQQFM (39 calls)

Went long the QQQFM (39 calls) for $0.75 per contract. Currently the Q's have popped up as well. I'm looking for about $0.40 profit here and will be holding my stop quite close.

Update - Loss on the long side

Had a golf vacation and didn't update that I stopped out on the QQQ EO (41 calls) quite quickly after I got in. The Q's have dropped to the mid $38 range as of now. The entire market has really come down and I'm in the belief that we will go up quickly on a bounce. Short term move up that is. Looking for an entry point depending on what the RSI 5 tells me.

Currently the RSI 5 is at 18.01 and the SMA is about to cross the price line, telling me to go long...once again. Stay tuned...

Back in on the long side.

As the RSI 5 is so low, I have been watching the SMA (2) for a crossover with price to enter long again. This happened when RSI his 6.81. I'm back in, with the QQQ EO (41 calls) at $0.35. Up we go?

Stopped out just after the open

Q's are sliding and I wish I was still in the puts. I stopped out the calls this morning at $0.15.

Closed May 42 puts.

Q's have dipped and the RSI 5 is well under 25 (22.50) and hit a low of 9.36 today. I'm closing the QQQQP option at $0.55 ($0.10 gain) and rolling into the QQQ EP (May 42 calls) for $0.25 per contract. Looking for a move up after the market takes in the Fed announcement.

Closed and reversed

I closed out the Q calls and reversed to the short side. The calls I closed for a $0.05 profit and the puts (QQQQP - May 42) were bought for $0.50. RSI 5 spiked this morning showing a short signal.

May Q calls - QQQ EP

Bought the May Q calls, QQQ EP (at $0.40) as the RSI 5 dipped below 13. Q's were around $41.44 at the close yesterday and are currently at $41.65. We are due for a big swoop up!