New Home

Squid Option New Home Take a look. Still WordPress, just a better domain name.

1 Option

I have been following Pete over at 1option.com. The only thing IO don’t like about his blog is, well, the domain name. I hate domain names with numbers in them.

That being said, I do read his blog most days, and I am adding him to my blog roll.

~squid

Looking at the cubes

Starting off my first week writing Squid options, I am going to post what I normally do on a weekly basis. I trade QQQQ’s and the first of the week, the first thing I check is how the cubes did the previous week, and the trading range for the next week. I see short term resistance around 43.30 & and support at 42.25. When I say short term, I mean for the next week or so. I do see buying if a breakout above 43.50 in the QQQQ.

On the longer side, we won’t see anything until we pass 44.0, where it would be a good time to take a look at our position.

For Monday, i am looking for a tighter range between 43.0 and 42.55

~squid