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Wednesday, July 21, 2010

QQQQ index trade Jul 21 completion

Update for the day.

Trade - QQQQ Jul 23 Put 46 strike at 57 cents, 9 contracts

Exit based on neutral day with 1/2 PP stop target = 83 cents, $234 profit

Exit based on 100% profit target reached = $1.14, $513 profit

Exit based on trailing stops using 1/2 PP stops = $1.27, $630

Exit based on near EOD activity = $1.30ish, $657

Jeff.

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