[Buying Puts on Nasdaq 100 Tracking (QQQQ)/Buying to Open Dec 37 Puts (QQQXK)/Day Order/Limit $1.20]
Dear Member:
The Q's have dropped below 39 again and are acting a bit bearish having been unable to hold above resistance. I am placing an order to buy a small number of put contracts with the intention of adding more if QQQQ breaks the next support down. I am placing my order to buy the Dec 37 puts (QQQXK) at a limit of $1.20 for the day.
DISCLOSURE: At the time of publication, I have no position in QQQQ or its' options.
Sincerely,
Bill Kraft
|
