14th day of QQQ short term down-trend; Huge premium on AG calls

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The QQQ short term down-trend completed its 14th day on Monday.

I spoke with my stock buddy,   Judy, on Monday.   She bought some AG shares and is selling calls on them.   Check out the huge premium (8%, 13%) you can get on Sept or Oct 22.50 calls. I would not normally write covered calls in a Stage 4 declining market, but if anything is rising it is gold and silver–for now.

2 thoughts on “14th day of QQQ short term down-trend; Huge premium on AG calls”

  1. I think you are missing the point of HFT. It is a front running mechanism. Only occasionally does that translate into unprecedented index volatility (flash crash). It does make the individual issue volatility extreme.Where there are big buyers or sellers , the HFT shops front run the orders. They are killing the mutual funds and pension funds.

  2. Those of you who sold half way down, realized your loss! Now the hard decision is when to get back into the market? May end up getting on board at the same level as when you got out. Luckily I don’t need to decide when to get back in!

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