Lions, as you know I have been waiting for the right time to get short QQQ, well this morning I took up a "half" position against the Q's. Specifically November 146 puts.
Despite the fact that the overall market is under pressure right now, and the Dow Jones industrial average down near the triple digits, keep a close eye on this position if you decide to enter it.
I intend to watch my new position closely, and add to the position if it moves in my expected direction.
In the event the trade goes against me, because it took up an initial "half" position, I am risking the minimum well at the same time seeking to maximize my gain by adding to the position if it moves in the expected direction.
Happy trading!
Gregory Mannarino 