Stock, Option and Futures Trading
QQQ AUG 58 Calls
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.