Wednesday, July 2, 2008

QQQQ Option Trades

I bought both August and July 45 calls on QQQQ. The current price is about 2.00 for the August and 1.25 for the July calls. I will use those prices to track the trade.

As a side note, I would consider AMZN as a short trade or put option trade.

Also, IPSU is pulling back off what I am considering a breakout move. I would consider this a buying opportunity.

Pete

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