There seems to be some interest in short term trades so I'll post another one. This one is similar to the VTO trade and can also be used for quick front month options plays. The rules: Any time the Q's close below the lower Bollinger band (10day, 1.9 standard deviations) buy on the open the next day. Close the trade on any daily close that's profitable or after 15 days which ever comes first. This trade is also profitable about 98% of the time. Also could be a good entry for long COT positions. Just about any weakness tomorrow should activate this trade. Just another sign that the Q's are starting to get very oversold on a short term basis.
Market Direction Change
2 weeks ago