I was bounced out of my QQQQ puts today on what else, more government intervention. It is really starting to get annoying. Whenever the market is about to tank, there is an announcement out of the white house, and the week shorts cover....Anyway, I bought qqqq at 1.41, 1.62 & 1.66 and I ending up selling at 1.38, so it was a pretty crappy trade.
I did take the opportunity to purchase more June KRE puts on the bounce, and also IWM puts. I will hold them into next week, and see if we resume the trickle down, or if this bounce has legs...
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Stock Analysis for Traders and Investors
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