We have been working on trading the QQQQ's for a dime plus the spread as a way for even small accounts to make progress in this choppy market. We are using the 5 minute light on the wizetrade charts plus RSI on the option price charts. The last two days in a row we have been successful in doing just that. Listen to my show on channel 4 from 8:30 to 10 am CST for more information.
Earnings season has not kicked off with AA but RIMM will announce earnings 9.24.09 after market. Here is the question: "With low volatility in the market this week can RIMM provide the volaility needed to have a successful trade?". We will certainly find out over the next few weeks. Paper trade along with me using a Straddle/Strangle today and wait for the announcement. We are entering this volatility play and will be watching for a large percentage movement out of RIMM after the announcement. Do you want to learn how to use options in your trading? Go to www.WizetradeForGroups.com and sign up for a free 30day trial of our options software.
Diane Sullivan
WizetradeTV Expert
Director of New Business Development
www.WizetradeForGroups.com
dsullivan@wizetrade.com
800.304.8881 ext. 22435