Grits

On Monday, this looked like a great trade. Then mask mandates were being lifted in many states. QQQ spiked up. The trade looked hopeless but I knew that inflation numbers were coming out on Thursday and they wer high. Coupled with the threat of higher interest rates in the future and the imminent war in the Ukraine as confirmed by the White House, The QQQ's tanked. I locked in profits on Friday since the options were to expire on Monday and I did not want to get caught in a Monday spike.

000

DatePrice
Entry2/7/20223.12
Exit2/11/20226.03
  • Total Views32
  • Position Size12
  • Percentage93.27%
  • Option TypePUT
  • Strike350.0
  • Expiration2/14/2022
Copy and paste the following into your page or blog. If using WordPress, you must paste this in the HTML tab only:
Join now or log in to leave a comment