Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Bought QID as Nasdaq is hitting resistance

Bought 1 block at 38.35.  I wait to see if can get an intraday scalp of .30 or more.  If not, I will hedge the shares by writing May strike 39 calls which are paying a nice premium of 1.90/contract.  Strike 38 is also pretty juicy.