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[QUOTE]Originally posted by SherriT: [QB] I think you went way too far down....that would be a really risky put. You might make really going money on it, but if it doesn't get below 38, you get nothing. I think the QQQQs will be down below 40 by June, so I have (in real trading) purchased a few June 44 Puts, 43 Puts, and 42 Puts. The 44 will make the most money if it gets lower....but I also paid the most for it. Chart's advice was to look for the extremes, then on the 5 minute chart, peg the top (or bottom) and buy - you can save yourself a lot of money that way. [/QB][/QUOTE]
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