Late yesterday I posted to the Premium Service to buy IWM puts on "any break of 260.00." Whether you took that trade or not determines the size of this QQQ put trade. We are not "all in on the downside," quite yet, but we could be headed in that direction. In any case, I want some downside exposure in the Q's, so let's start here: QQQ Puts - Expirations My general rule for ideal option expirations is, "next month," which in this case means March 20th expiration. The only exception would be entering "fast markets" where an emerging trend is evident and with still at least two weeks left to expiration. As of Wednesday morning, we only have the latter, two weeks left to expiration as there is not what I consider an clear emerging trend. Still, it's your money, your bet, your choice. Trigger Late yesterday's dip touched just below 611.00 before a late day reversal into the close. So I am using any QQQ decline taking out yesterday's low print of 610.96 as my trigger to buy March 20th QQQ puts: Buy QQQ Mar 20th $570P on any print at or below 610.95 SPECIAL UPDATE: Just after I posted this on the website the trigger was hit, so I've updated the QQQ Quote Table and taken the trade. QQQ 180 Minute QQQ low so far today = 611.29 QQQ 240 Minute If 580 is broken to the downside, add to position and look for "fast market" conditions.
