QQQ and other puts
que seria, RE: <<Am I alone in thinking that buying current month puts on QQQ is a good speculation right now, better odds than craps even if not as much fun?>>
Tommaso and others think that I may be headed to bankruptcy, but I agree with your approach to profit from snappers and an eventual return of a bull market.
In my trading accounts, I wrote puts (front month, Spring 2002 and '03 + '04 LEAPs) on QQQ, AMAT, BHI, BJS, CPN, DO, GLM, HAL, MIR, NBR, NE and WFT. I used part of the cash proceeds to buy March '02 calls on some of the stocks and '03 & '04 call LEAPs on the Cubes.
In my long-term portfolio, over the past 30 days I wrote many calls (e.g., GP, HD, JNJ, JPM, MO, MRK, PG, RD, TECD). This month the call buyers will profit hugely from the calls I sold them. |
