Yet another day where I wish I didn't have to work until 30 minutes after the market opens. Today I BTO a position of 3 QQQQ 20110122 $53 put options. And of course getting into this position occurs after QQQQ gaps down and then retraces back up during the day. It was still a down day for QQQQ, so this could just be one of those annoying days. I have my stop put in just in case. We will see how it turns out.
That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
BTO - buy-to-open / bought-to-open
QQQQ - Powershares QQQ Trust ETF
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