TheOptionPlayer recommends considering a Nasdaq100 option play

By TheOptionPlayer
Benzinga Contributor
February 03, 2010 8:24 PM

Posted in: Long Ideas, Sector ETFs, Options, Trading Ideas, ETFs

TheOptionPlayer recommends considering a Nasdaq100 option play. Traders could buy the Nasdaq100 March 43 calls for $1.835 (Nasdaq:QQQCQ). The Nasdaq100 has risen from recent lows and Cisco reported blowout numbers which should bode well for the technology sector. If (Nasdaq:QQQCQ) continues to advance, $47 is the target price based on recent highs - we suggest a .47 stop-loss if the market turns and stocks decline.

TheOptionPlayer

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TheOptionPlayer recommends considering a Nasdaq100 option play

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