Hamzei_Analytics · @HFT_StockOption
4th Apr 2013 from TwitLonger
April 4, 2013
QQQ (QQQ)
Bias: Bearish
Price Target: $67.7
Tomorrow we have NFP announcement prior to the opening of the cash market. We believe that QQQ could see further selling pressure and testing its 50 DMA.
We want to purchase some butterflies to take advantage of that possible move lower.
BUY To OPEN 10 QQQ Apr-5 67 Puts trading at $0.03
SELL To OPEN 20 QQQ Apr-5 67.5 Puts trading at $0.09
BUY To OPEN 10 QQQ Apr-5 68 Puts trading at $0.21
QQQ is now trading at $68.19
This spread is now trading at $0.06
The Total Debit of this trade is $0.60
DO NOT pay over $0.07 for this trade.
Day Order Only