In today’s session, an early rebound was swamped by selling. As you can see on my daily chart above, the Qs settled sharply lower. Today’s strongly negative candle shows the elevator (see our previous post) is going down.
Our recommended protective puts were far “out-of-the-money,” trading just a week ago at a scant $.61. Today, not so much, they traded at $6.70.
Patience tends to pay.
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