Wednesday, February 25, 2009

Looking for new trades

I'm looking ahead to April expiration for some trade ideas. DIG and QLD are looking like good opportunities.


DIG
Strikes - Ask Price - % OTM
14 - .50 - 37%
15 - .70 - 32%
16 - .85 - 27.5%
17 - 1.10 - 23%




QLD
Strikes - Ask Price - % OTM
16 - .35 - 34.3%
17 - .50 - 30%
18 - .65 - 26%


I won't be trading these for a few more weeks though, I'll be waiting to close out my ERX 17.5 and XSP 61 before moving onto the Aprils.

As long as the S&P stays over 740, these don't have much chance of being put to me, anything is possible in this market though.

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