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About Me
- OE Trader
- I am a part-time trader focused mainly on momentum stocks. I use deep-in-the-money options to trade high-priced, high-flying stocks. As options expiration nears each month, I transition to at-the-money or out-of-the-money options to maximize the risk/reward of my trade set-ups.
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OE, bought UNG Oct 40 calls as I think this is the low for now (notice I didn't say bottom)and could see a hard bounce to 42-45. I did go ahead and buy XLF Sep 21 puts @ .53 as well as QQQQ 46 puts @ .81. Sold my IPI puts for a nice gain...just don't trust the whip saws at this point.
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