Seeking Alpha
  • Brian Benda
    RSI really bearish divergent here at new highs on QQQ over 10-day time period and shorter. AAPL looking similarly. Short-term short call.
    3/21/12
    Reply (7)
    • jdub2788: you're looking for something that is not there. I'm bearish but staying long. It's just making me money.
      3/21/12
    • Brian Benda: Well, I would say with this sell down here in the last half hour what I saw was most definitely there. Shorted QQQ via puts at 67.47.
      3/21/12
    • Brian Benda: Bought the weekly 70P and turning a quick 10-15% right here.
      3/21/12
    • Brian Benda: QQQ now nearly flat on the day.
      3/21/12
    • Brian Benda: Like everyone, can get some very wrong, but have to say that I just owned that call.
      3/21/12
    • jdub2788: good call...i still have SQQQ. I'm getting my nuts chewed off.
      3/21/12
    • Brian Benda: Yea, I hear ya, jdub. I have been entering some good short trades, but holding too long lately.
      3/21/12
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