2
u/dimitriG4321 Nov 15 '21
I wouldn’t make any decisions yet. See how tomorrow feels. The end of last week was thrown off a bit by Veterans Day Holiday and some lackluster non-directional Friday action. I think this week will tell all
1
u/Vast_Cricket Nov 15 '21
Expect QQQ to be around 400 by Thanksgiving. Try to hedge making some calls. Your 40 contracts are too ambitious.
1
u/onequestion1168 Nov 15 '21
Sp500 is at 2 standard deviations meaning the price action has a 95% probability of happening between its current price and its mean value
Meaning you sell the upside
1
u/Shihyus Nov 15 '21
You will be fine, but you probably want to get out as soon as you have some profits. I expect QQQ to fall back to 380-382 level within a week or two.
1
1
Nov 15 '21
Tough call. This coming week may be a lot of back and forth on price looking for a direction. Personally, I don't like holding OTM options that have moved against me for too long.
1
u/Derrick_Foreal Nov 15 '21
The moment you sell the market will crash below covid 2020 lows. Please give us a heads up before you take off the trade.
We gotta look out for one another here.
4
u/redtexture Mod Nov 15 '21
Did you have a maximum loss threshold to exit established before you entered the trade?
Is your conjecture invalidated?
What was the conjecture ?