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!

Back from a few weeks off.

I got out of the last trade - even. And have been on the sidelines for a few weeks now. The Q's are really moving up the last few days. I can see a short term move down which the RSI 5 is already predicting.

Q's sliding down

The q's are still moving down and I'm holding my long put (QQQPO - $41) position. RSI (5) is around 28 and I'm about $0.20 on the profit side for this trade. So far so good.

Trader Tyler

Bought Q puts again today as the RSI 5 was pegged and just itching to go short. QQQ PO at $0.45.
Trader Tyler

Trader Tyler

Stopped out on my QQQ PO at a 15% loss. The RSI 5 is still way too high in the short term and I will be going short again soon.
Trader Tyler

Another trade, going Short.

RSI 5 has reached 78.09 and the SMA (2) just crossed the price line on a 60 min, 5 day chart. I am going short the Q's. Actually I'm buying the April 41 puts (QQQ PO) for $0.75. Should be looking to have the Q's head south soon. A tight stop will be in place.

Closing out the trade - 70% profit

I closed the trade out at $1.00 per contract. So a $0.30 profit per contract and a 70% profit overall.
Trader Tyler

Still long....

QQQCO have moved up to $1.00 x $1.05 and the RSI 5 is nearing the exit point for this trade. RSI is currently at 77.61 but I'm just waiting for a crossover of SMA (2) with the price. I'm not letting this trade slide away however.

Going long- QQQQ

Bought QQQ CO (March 41 Calls) for $0.70. RSI 5 is calling to go long the Q's. RSI -5 below 20.
Trader Tyler

Trading short the Q's

RSI 5 signaled a short on Thursday in the early part of the morning and although the market seemed to be going higher, it never did. since then the market has come back as RSI 5 predicted (short term of course). One more good move down and then it's time to close the profit.

Market moving up

The market moved up nicely today after a down day yesterday. I did not get in a trade as the RSI-5 did not signal a buy signal. It got really close at 28, but I wanted to see at least 26 to get in. Near the end of the day I did get a sell signal, but I also watch the ADX trend and currently it's showing a strong buy. I will stay out for now.
Trader Tyler

Closed for a profit

Q's continued moving up this morning and I closed out my option trade at $1.35. A nice 66% profit move.
Trader Tyler

Still in the Trade

Yesterday I went long QQQQ calls (Feb $40-QQQBN) and kept the position on overnight. My trading system is getting VERY close to indicating that I close the position. The RSI 5 topped above 70, and now I'm just looking for a crossing of the simple moving averages. The moving averages cross is a method used to squeeze a bit more out of the trade. But I'll be looking to end this ride at a moments notice.
Trader Tyler

Market's on the rise

It appears the market is in an oversold range and today we are getting a nice little upmove (except for ENG on my list which has slowly dropped from around $13 to now just under $11). The RSI -5 method triggered a long call buy signal yesterday. I bought the Feb. $40 calls for $0.90. My original stop was $0.80 but I've moved it up to $0.95 now. (QQQBN trading now at $1.05/$1.10).
Trader Tyler