Investor's Opinion

Portfolio Update

Published: 2010-11-18 19:45:00 EST by Unknown

Today was a profitable day, although not nearly as profitable as I would have liked. This morning I was stopped out of my position of the QQQQ 20110122 $53 puts I purchased a week ago. The profit made on this trade was only a measly 5.7%. If I had STC yesterday, after it had made more than 30% profit in one week, I could have captured at minimum of 22.7%. Live and learn I guess. Should I consider literally selling into strength, or may be tightening up my stops to more than 25% of the most recent high? That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

QQQQ - Powershares QQQ Trust ETF
STC - sell-to-close / sold-to-close

Labels: opinion, option strategies, put options

Updated: 2010-11-18 20:03:17 EST