Stock, Option and Futures Trading

Stock, Option and Futures Trading

QQQ AUG 58 Calls

July 27,2011

For those that trade options the QQQ 58 AUG calls are down today and we want to take a position in them using the move down to get in cheaper.

The move down has not broken the up trend. To be in this trade risking 1 point is a great way to have a built in stop with limited risk.

I will most likely get emails asking why we are buying calls on a down day and the answer is because they are cheaper than they were yesterday and the pattern is not broken. This trade is more aggressive because it is a ratio trade meaning; we do not have indicator buy we are buying the pattern.

Buy 1/2 position here and half tomorrow.

Happy Trading,

www.eMiniSchool.com

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