Registered User Joined: 1/22/2007 Posts: 16
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Registered User Joined: 1/29/2005 Posts: 104
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I would need to see a confirming signal Monday that a downtrend is in progress. If you are playing this as a short term swing trade, I would recommend a deeper in-the-money put (i.e., Mar 48 put)which has a higher Delta and moves dollar for dollar with the stock better than the Mar 46. I don't like buying same month options due to their time erosion and volatility. I would buy the May 48 put. It won't lose much time value as the QQQQ's go down...
Good trading!
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