NDAQ

I closed the JUN17.50 PUT NQDRT for a 24% GAIN. I did that because I think we are going lower.

$SPX SPY Stock Market Commentary

I hope everyone had a great weekend. All of the trades for the May options expiration cycle were winners!!!

Speaking of Green Shoots; I was right on with the post concerning the end to this run up, albeit 2 days early (see original post CLICK HERE).

I purchased some SPY PUTS for protection last week because I think we could see 875 by this Tuesday and 830-840 by the following week on the S&P500. Once the S&P reaches each of these levels, I will re-evaluate and update you.

I will bail out of my NDAQ naked puts if it breaks down below $17.50 which I think it will. For the time being, I am safe with the CLF naked puts.

As always, I will update as I enter and exit positions.

Trade well!!!

NDAQ

NDAQ - Opened half position naked put NQDRT @$1.10

NDAQ

NDAQ - NQDRT half position filled at 90 cents.

I will post if I open the other half of my position.

NDAQ

NDAQ $18.90 10:25am - Approaching the $18.50 support area. If you get a chance, sell some JUN17.50 PUTS @ 90 cents.

Sell to open NQDRT @ $.90

I will try for half a position now and see if the market pulls back more for the other half.

NDAQ

NDAQ - Earnings were not that bad, so I am opening a cash secured put position JUN17.50 PUTS

Sell to open NQDRT @ $.85.

I think we have to be a little more careful though with the markets at these levels.

If it drops to $18, I would consider adding more to it. I will keep you posted.

NDAQ

NDAQ - Closed the other half of the position now (NQDQT) @ 40 cents for a 60% GAIN.

NDAQ

NDAQ - Closed half of the position @.75. This is the half that I sold for $1.25 2 days ago.

40% GAIN in 2 days.

Still have the other half that I sold @$1.00.

See previous post: CLICK HERE

NDAQ

NDAQ Update - I got filled, sold to open MAY17.50 PUT @ $1.00, on half my position.

Update: Opened the other half of my position MAY17.50 PUT @1.25 on April 21. Now I have a full posistion.

NDAQ

NDAQ - Is getting close to support. I will sell to open MAY17.50 PUTS @ $.95 1/2 position. Taking advantage of today's pullback. It could dip more, that's why I am going with 1/2 position.

NDAQ

Nasdaq OMX (NDAQ) Good support at the $18.50 area. When it gets to $18.50, consider selling the MAY15 PUTS (NQDQC) or JUN15 PUTS (NQDRC). Earnings May 7th.