Wednesday, February 18, 2009
Ending the day a Bull, kind of.....
I decided to get a little bullish today. Instead of going long the SPY, I bought QQQQ June 30 calls at 2.29. There really is no rational basis for this trade, other than I am going to try to change things up a bit and balance out my account. Buying calls when I am so bearish on the market doesn't feel good, but technically the QQQQ's are still in an uptrend, so I am going to take a shot that the QQQQ's will bounce off the red uptrend line drawn below.