Sold New QCOM Naked Puts, Again
My last QCOM naked puts expired worthless this past weekend. I waited a little more than two days to pick my new entry point. I still like the company and the stock’s 10 day moving average is just above 45 giving me a good strike to target. I also drew a trend line of higher lows starting on March 20th and hitting again on April 22nd and finally every day from May 9th through May 15th before QCOM gapped up.
I put a limit in this morning and lowered my price later as I saw QCOM moving up again and didn’t want to miss out. I should’ve been more patient and made a few extra dollars. While QCOM was trading at 47.04 one of my orders hit and I sold one July 45 naked put (AAOSI). QCOM went up to 47.13 before coming back down again. The second half of my order hit […]
Original post by Alex Fotopoulos