Bobbie 6:54 am on Tuesday, October 25, 2016

Looking for some advice here….

Looking for some advice here. I have Nov 18 QQQ 212/123 bear call. It’s going against. Any advice as to how to manage?

prvtrader 7:04 am on Tuesday, October 25, 2016

Are you sure it is a 212 / 123? That is pretty wide.
- Bobbie 7:07 am on Tuesday, October 25, 2016
  
  actually it’s 121/123. thanks!
fuzzballl 7:38 am on Tuesday, October 25, 2016

Trading for 63 cents. What did you sell it for initially? Looks like an all time high today. Is that a top or the beginning of a run? Wish I had an answer.
- Bobbie 7:39 am on Tuesday, October 25, 2016
  
  sold it for .42 cr. thanks!
  - fuzzballl 7:41 am on Tuesday, October 25, 2016
    
    Pulling back now so maybe worth watching for awhile.
prvtrader 7:44 am on Tuesday, October 25, 2016

I wouldn’t be worrying about it yet. You’ve time on your side and you’re still OTM. Your Max loss is $58 pp, and according to Jeff strategy you could roll it if it gets ITM.
The only monkey wrench could be the elections on Nov 8th which could move the markets one way or the other.