$SPY $QQQ – long calls for a 100% day trade

THE FOOL’S GAME – BUYING CALLS AND PUTS

The play in the Fool’s Game today was obviously calls just after and above the open (see charts below) for QQQ first, then SPY.

The SPY calls have stalled so far at up 12% but the QQQ calls (with the Nasdaq Composite at plus 90 points) have hit 100% for the day, $10,000 profit on a $10K commitment to the in-the-money 156 call, making this a day option day traders live for.

(click on the chart for a larger view)

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