The MAR 42 Puts I sold at the open. The QQQQ’s gapped up. I held off closing my positions until it looked like it was going to refill the gap. , then I closed the MAR 43 calls. They were leftover from a multi leg trade. I really screwed the pooch on that trade, but it still came out profitable.

Funny thing is, the spreads were less than sucky for the 43 calls. They were still sucky, but better than normal. On an open like this, the spreads tend to be pretty wide.

Right now, I am flat in my account. I have some things coming up , and I won’t be back trading until next week.

UPDATE : I did scale out gettign out of the trade. I sold some of the position first, then held on to the other part for a little bit to see if it was going to mive back up.

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This entry was posted on Monday, March 19th, 2007 at 2:49 am and is filed under Index Trading, Option Trading, QQQQ.