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qqq's

dumaman said: "looking for some opinions from the exp option traders here.. I bought q option 45 september calls... bought in at 1.90 currently trading at 2.55... should i hold, sell ??"

drdan said: "Before I answer with what would I do, the question for you would be, why did you purchase QQQQ's in the first place and what was your goal? Meaning you should always know where your stopping point is either gain or loss or some technical indicator telling you to close the trade. It takes the emotion out of it. Today you have made an impressive gain and you are currently up 35%. Has it reached your goal? Now for what I would do... Todays gains on all the indices was done on average to below average volume. Also volatility has not increased so I would take the money and run or at the very least place a stop at $44.80."

dumaman said: "i took your advise and got rid of it and ran with the money at 2.57... my emotions say what if ... but looking at the volume i think it was the right choice.. could it go higher? sure.... could it pull back too 42-43 again.. yup.. and the market again is overbought... i think the presidents club is at it again.."

dumaman said: "who would have known lol.. oh wel... time too wait for a nice pull back and buy another call"