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Non-Tech : QQQ - Nasdaq 100 Trust -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (232)	1/29/2000 12:14:00 AM
From: OX	Read Replies (1) \| Respond to of 840

mostly OTM naked puts 4 and 2 wks out. had some for Jan (that expired worthless :-), none for Feb (thankfully) altho if it goes much lower, I will be tempted. At times I will also do 2 to 4wk buy-writes in my IRA, selection of strike largely depends on my outlook. I try to adjust my strategies to the situation I am presented with... I am more likely to just trade long in my IRA tho. another 10-15% from here, I hope not, but anythings possible. I have supports at approx. 165 (strong), 158 (vstrong), 150 (almost a must hold). these can change depending on the timeframe it takes to reach these levels. your scenario for a bounce to 176 sounds reasonable. I'm not looking to play it right now, so it's tough for me to think of what to do. and of course, trading is largely a personal style kind of thing, so what's right for me may not be right for you. that said, I might be inclined to just play the long side for bounces. I am prone to buying partial positions and completing on a move down to some support or up past a breakout. It's tough to be right the first time, all the time.