Disappointment is spelt QQQUJ
I’m really disappointed that my puts did not increase in value on a day
when the Qs moved down over 30 cents. I checked the delta on QQQUJ and
it is -0.06. This means that the puts will increase 6 cents in value if
the Qs decrease in value by a dollar. That’s a pretty weak rate of
movement. So now I don’t know what I should do. I’d like to have an
option that will take more advantage of the downside, but my trading
account is so low, the costs of trading in and out of a position are
really biting me. It’s discouraging when the market moves your way but
you option is of such low quality that it hardly moves.