QQQUJ SEP 36 PUT
I just adjusted my bearish spetember Qs position. My cost basis went
from 0.98 to 0.82. So far the trade has gone like this:
1. 7/24 Buy to open 10 QQQUJ at 1.00
2. 7/25 Buy to open 6 QQQUJ at 0.95
3. 8/3 Sell to close 6 QQQUJ at 0.75 (ouch!)
4. 8/9 Buy to open 7 QQQUJ at 0.60
I’m bearish on stocks in general and the Naz in particular. I believe
there will be significant movement downward over the next four weeks.
To avoid significant time decay, my exit date is September 1st.